Investors: Land Bargain in Lady Lake! I don;t normally get into the whole land thing. We do condos, not land. But you can't have one without the other. Plus, with land increasingly hard to find - and with the housing market being somewhat soft of late - speculators often find land is a more profitable long term investment than bricks and mortar or the stock market. With that in mind, I've just got wind of a great land deal in Lady Lake, just northwest of Orlando in Lake County. The plots are[...]
The Orlando Business Journal has posted the results for its annual Best Real Estate Deals. The awards are a result of readers' nominations; the criteria for choosing winners is based on the project's community impact, difficulties overcome and success. And the award for overall best Real Estate Deal of 2006 goes to [clears throat]: The Blue Rose. Crowd goes wild. Step forward. Take a bow. One billion dollars... well spent. It's true. Orlando has never seen anything quite like the Blue [...]
Word is trickling in that developers have pulled the plug on Thornton Park's Eola Place, just a month after bull-dozers made way for the new 16 story condominium project, due for completion in 2008. Last month, the mayor of Orlando, Buddy Dyer and commissioner Patty Sheehan donned hard hats as they supervised the destruction of two older units to make way for 510 new condos, which were to range in price from $270k to $1.6 million. The sales center located at 330 E. Central Blvd now appears to [...]
After more than a year of legal wrangling, the hullabaloo over the future of Winter Park's The Carlise was finally settled on Tuesday. Sort of. The story is complex, controversial and mixes in a long history of political maneuvering and, well, if you want the whole scoop, you can read about it in the Sentinel. Just thinking about it makes my head hurt.
The projected number of downtown condominium units increased by about 510 this afternoon as ground was broken at Eola Place. The 16 story building is expected to be completed in 2008 with condos currently ranging in price from around $270k to $1.6 million.The mayor of Orlando, Buddy Dyer and commissioner Patty Sheehan donned hard hats as they supervised the destruction of two older units to make way for the project, which joins the Vue, Star Tower and the Paramount all of which have all made it [...]
The latest Orlando condo conversion has its grand (broker) opening tonight. Summerlin in Winter Park (along with PUIG) summoned a decent attendance for a rainy night - some agents, some renters wondering if they should buy into their 1972 property. Given the usual amenities, upgrade options and and floor plans, prices are pretty competitive for the neighborhood and HOA fees are low. For what it's worth, I still think conversions are a great deal - particularly for first time buyers: they're [...]
Urbana Condominiums. Step forward. Take a bow. The Canadian company Metrontario has broken ground on the first phase of the 237-unit Urbana Condominiums. The first phase of the luxury multifamily development will feature 120 condos and the community's amenity center. Forty percent are said to be presold. Signature GMAC Real Estate will have first crack at handling the sales and marketing for the upscale condominium development which offers 10 different one-, two- and three-bedroom floor plans [...]
Almost exactly a year after its acquisition of the property, RB-GEM Management LLC has begun work on the conversion of four apartment complexes in the Sabal Point area as part of its new Sabal Collection Condominiums. RB-GEM plans to offer seven different floor plans, a range of amenities and price points beginning at $159,900. The Keller Williams Realty Condo Team will be the on-site broker of the Sabal Collection Condominiums. Constructed in 1991, the property is located on 13.2 acres and [...]
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