Summer in Orlando used to mean big crowds, busy restaurants, theme parks and crowded malls. Nowadays it seems as though every day is summer in Orlando. As mentioned previously, Orlando welcomed over 75 million visitors in 2018. That means we are busy year round. Really busy!
In just a few weeks the brand new Star Wars park will open. Expectations are that it will make the Harry Potter opening look like it was a practice run. The fans of Star Wars have waited for a VERY long time to experience a dedicated theme park and Disney expects it to break all previous records.
Even if you are not a Star Wars fan, this is huge news for vacation home owners. The already heavy demand for quality rental properties is going to get much stronger. All of these Star Wars fans are going to need a place to stay and renting a vacation home is the ideal way to travel in a group. This keep costs down when compared to staying in hotels for guests and also means owners can benefit. Increased prices, higher occupancy and a steady stream of willing renters.
Disney Resort Community Updates
Solara at Westside is already well into selling phase 2 – the final phase
Windsor at Westside is running a couple of months behind Solara.
Solterra Resort has recently seen builders take down more lots in an effort to keep up with demand for this popular community.
Bellavida Resort is now selling phase 2 and phase 3. Some waterfront lots area available
The Retreat at Championsgate is quickly running out of vacation homes to sell and there is no more space for further development.
Encore at Reunion are on their final phase.
Storey Lake has a handful of options available
Hidden Forest is a new neighborhood of vacation townhomes. A guaranteed rental is being offered for those who want it
Sonoma Resort, Rosemont Woods and Crofton Springs are all sold out
COMING SOON – We have a new community of vacation homes with private pools launching in the next few weeks.
Our Summer in Orlando resort update
New vacation homes will now start at around $400,000 for single family pool homes and demand is huge. As far as we know there are no new resort communities currently being planned. This means that you will need to move quickly.
We have a handful of townhome options available within the larger resort communities. If you prefer something a little quieter, then we have a new release opening in September.
Resale Vacation Homes
Along with the selection of new homes, we can offer a range of excellent resale properties. When clients wish to reorganize their portfolios, they give us a call to list their units. We run a comparison of market availability and recent sold prices so that they get the best possible price.
In fact just last week we received an email from a client who purchased with us a few years ago. The family is now looking to sell their current vacation home in order to buy a new larger vacation home. This vacation home already has a 76% occupancy rate (as of mid July) for 2019. Bookings are already in place for 2020 AND 2021.
Opportunities are only opportunities when you take advantage of them.
If your finances are in place – we can always put you in contact with our mortgage team – and you are ready to become a vacation home owner in Orlando, give us a call or drop us an email. Simply tell us what you want and how you wish to use the property. We will find you something which works for you!