Nubricks Blog - Florida Property Developments stay strong

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11 May 2006

Florida Property Developments stay strong

Cane Island ResortAs vacation home prices in Central Florida refuse to drop, buyers are on their way back, undeterred by ‘Housing Bubble’ burst fanatics. A return to normal from the noted absence of buyers and overpriced real estate is a sign of market optimism demonstrated by a May 2006 Market Report from High Tower Realty. It’s statistics show that the average selling price (not listing price) of a typical 4-bed pool home sampling five of the larger vacation home communities rose:

2005, January to June: $322,000
2005, July to December: $344,000
2006, January to April: $345,000

Cane Island ResortHigh Tower Realty note that high profile property developers such as DR Horton will be more inclined to phase out some of the market stimulating discounts currently being offered on its flag-ship Cane Island Resort project which is set to complete in September of this year. Its central 3,700 square ft clubhouse will incorporate a gym, games room, full kitchen, social room and business centre. There will also be a large heated swimming pool and spa and a children’s playground on site. Building 1 is currently on the market with Building 2, located closer to the clubhouse facilities and to the lake to launch soon. Its location on the south side of US 192, 3 miles east of Disney's World Drive, and close to Kissimmee Old Town and I4. There are many great places to eat within walking distance, and there is a bus from outside the entrance into Disney for guests who prefer not to drive. Starting prices are $283,000 for a 1195 square ft 2 bed, 2 bath condominium marketed by Hightower Realty who are currently offering up to $10,000 cashback buyer incentive upon closing on any of the homes on Cane Island.

Citrus Gardens
Also on the market with Hightower Realty, the preconstruction Citrus Gardens homes are being development by Platinum Properties of Central Florida Inc as an upmarket new vacation home community, first phase villas are set to complete in August 2006 with final phase completion in early 2007. Enjoying the best of both worlds Citrus Gardens has traffic-free location minutes from Walt Disney yet backs onto the wooded Citrus Highlands lying just north of Lake County. Take advantage of a range of buyer incentives from a free spa to a cashback offer on Kensington Model 6 bed/4 bath on the market for $449,900 rising to $469,900 for the larger Knightsbridge Model.
Category: USA Property

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