As far as traffic goes, I think there will eventually need to be a stoplight at the intersection of CR 101 and Woodridge. As the OP says, there can be a long wait to enter or cross CR 101, especially when the high school students are being picked up.
Earlier this year the county addressed the problem a block further down at Wedgewood and CR 101 by adding an island that prohibits cars driving in either direction on Wedgewood from turning left onto 101. Big improvement!
As John_W said, development is inevitable and I'm sure families in the area are glad to have additional housing options.
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