With a 9% Increase in Home Prices, Orlando Remains a Top Place to Buy in 2018
Steadily Increasing Home Prices in Orlando Are Still Well Below the Peak of the Bubble
When the U.S. economy is doing well, the property value in Orlando also does well. According to an article published by Forbes earlier this year, Orlando took the number-one spot on the list of cities to buy property in 2018. Over the past two years, Orlando has seen steady job and population growth, which have contributed to the rise in property value. Local Market Monitor predicts that prices will continue to increase, and will increase to 35% by 2021. In this sense, it’s never been a better time to buy property in Mickey Mouse’s stomping grounds.
According to a report by the Orlando Regional Realtor Association, Orlando’s median home price rose 6% this March compared to the same time in 2017. World Property Journal recently published statistics illustrating the effects of low inventory and high demand on Orlando’s housing market. With a market heavily driven by tourism, Orlando is home to luxurious properties at fair prices that will only become more valuable as time passes. Check out these amazing homes and properties that all feature incredible value and an amazing opportunity.
1. Custom Built Designer Waterfront Estate
This one of a kind, fully furnished 7 bedroom home features mosaic tile floors, a stained glass rotunda and gorgeous custom glass staircases, a round theater room, and a master bedroom with a built-in wet bar. Outside, enjoy an in-ground pool, hot tub, steam showers, lighted tennis and basketball courses, and a multi-boat house.
This incredible home is nestled on 2.4 acres of lush Florida landscape with 450 feet of waterfront on Lake Chase of the Butler Chain of Lakes. With thirteen bathrooms and a sprawling game room, this home is perfect for entertaining and hosting friends and family. Incredible views and state of the art appliances make this home worth the $5.9 million price tag.
2. Magnificent Palace Estate With Water Park Amenities
Forget tickets to Disney World – with this amazing Orlando mansion estate you’ll never need to go anywhere for entertainment purposes. Live in absolute luxury with gorgeous hardwood detailing, an old-fashioned style home theater, in-home sauna, and 700-foot closet connected to the master bedroom.
The home is situated on 4.36 acres of private land with a resort-style swimming pool and hot tub, a tennis court, waterfront access, outdoor kitchen, and more. The value of this amazing home has gone up over 1 million dollars since January 2018, and it’s now valued at 4.6 million.
3. Modern Mansion on Private Golf Course Property
This beautiful stone fortress of a home features a two-story glass and stainless steel wine room, private theater, and state of the art kitchen with modern amenities, including a 16-foot marble island and a Fisher and Paykel dishwasher. With both an elevator and a gorgeous staircase, this 6 bedroom, 10 bathroom, 1200 square foot home is perfect for large families and vacation purposes.
Outside you can relax by the pool and the oversized covered lanai with summer kitchen outdoor fireplace. Located on a stunning three-quarter-acre site, this home offers a setup for the perfect Florida lifestyle. Now listed for 5.8 million, the home value has increased by over 3 million since November 2017.
4. Six Bedroom Resort Style Estate at Walt Disney World
For vacation-style leisure all year round, invest in this six bedroom Italian-inspired mansion that combines timeless luxury with modern amenities. Nestled into the Golden Oak community and part of the Four Seasons Private Residence Orlando, this estate offers expansive privacy alongside the special services of the Four Seasons Resort.
These services include a la carte offerings for in-residence dining, spa treatments, personal laundry, assistance with private parties, and access to the pools, tennis courts, and golf courses associated with the Four Seasons Resort in Orlando. For 6.7 million, all of this could be yours to enjoy.
Invest in Orlando Property as Prices Continue to Rise
With inventory decreasing and value increasing, the sooner you invest in the Orlando housing market, the better your investment will likely be. Compared to studies conducted last year, inventory has decreased by roughly 10% while median house prices are steadily increasing. Because of tourism and population growth in Orlando, now is a great time to invest in rental properties.
Orlando currently has one of the hottest real estate markets in the country, and there’s no time like the present to get in on the action. Browse the listings in this article and get in touch with a realtor from Homes.com to find the perfect Orlando property for you.