We recently reported on the number of Orlando Condos like Bella Trae that have started offering cheap trips to potential out-of-state buyers as a way of enticing them to visit the condominium. The condo-hotel conversion International Plaza Resort (formerly Sheraton) on International Drive is offering 3 days / 2 nights at their hotel for only $69 if you wind up signing a contract agreement. Now, you need to actually want one of these condos to make it worth your while of course, but if [...]
We've been here before: Back in December 2006 we were already seeing condo conversions go back to rental. Then in January, Eola Place went belly up. Then there was Knightsbridge at Stoneybrook - a fairly recent loss - and so the condo merry-go-round continues. To keep track of the latest then: Studio Park on Kirkman is rumored to have gone into bankruptcy; Orlando condo conversion The Cottages in Hunter's Creek has gone back to rental; likewise condo conversion Lakes at [...]
The Fountains at Millenia hosted their broker party last night. I suppose the real building won't be made of chocolate but last night the chocolate fountain ruled - at least for me. Call me the Fondue King, but that's where I hung out. Along with the strawberries and the Champagne. There was a band and a raffle and all the usual fun that goes along with such events. I even found time to learn a thing or two about the condominiums -- grabbed a couple of brochures. Ok, so to the relevant stuff. [...]
Millennium Palms is an Orlando condo conversion about a mile from the Mall at Millenia. It's block construction (unusual for a conversion) and all upgrades included (new kitchen, new AC, tile etc. etc.). You can still get a 2/2 condo at Millennium Palms for $129,990. You also get 3% closing cost with a preferred lender and also a year's HOA fees paid. It's not the most prestigious neighborhood in town, but don't think I've seen anywhere else quite as good as this for the money. I was there [...]
BellaTrae is an upscale, gated, town home-style and mid-rise condo community in the heart of the beautiful ChampionsGate Golf Resort in Orlando. Located about 5 miles from the Disney, the community offers a great lifestyle with unparalleled amenities. You can certainly live in luxury and play in style. BellaTrae condos are currently offering a program where they will reimburse your airfare and hotel expenses at the Omni Hotel up to $1,500 if you purchase of of their condos. They say: "We know [...]
NEWS RELEASE: Trevi Development set to break ground on 30,000 square foot Northbridge Building in Downtown Maitland in August. MAITLAND After a series of chess moves between a new community bank and the current Trevi sales center, developer Vincent Pellicane Jr. will break ground in August on the 30,000 square foot Northbridge building. The three-story triple A office building “which will retain the name of the original developer's agreement eventually will house Pellicane Trevi [...]
Solaris in MetroWest is well underway with pre-construction sales. Prices look very attractive for new construction and some of the latest deals are highlighted below. Click on the image to make it large enough to actually read! As always, feel free to call with any questions.
The Trevi's new Lake (Lake Sybellia) has its retainer wall up and the new roadway has now been curbed. If you're in Maitland, drive by and check out the progress at the site next to the Publix on 17-92. It may be a slow market right now, but this one's going ahead! Meanwhile, the Trevi summer lecture series continues, with the latest seminar taking place this Thursday, June 21st at the Sales Center. This month's speakers explore the investment value of Orlando real estate. Program begins at [...]
After months of hand wringing, Baldwin Park's condo conversion known as The Majestic appears to be going ahead after all with sales and marketing by Kelly Price & Co. This week's OBJ reports that the 177 unit conversion, which features retail on the ground floor, has begun pre-sales and both a sales office and models are expected to open in the next 30-40 days. Prices for the Majestic condominiums will start in the area of $180k and will include studios, lofts, one- and two-bedroom units. [...]
The Artist Formerly Known As Prince now has a run for his money. If you've purchased a pre-construction deal at Winter Park's "The Langford", hopefully you haven't already had your stationery made up - because the Condominium Formerly Known As The Langford is about to change it's name to "The Trovillion", after the developer Doug Trovillion. The name change comes in the wake of a cleanup operation that's still taking place after the six month long legal dispute with former partner Langford [...]