Orlando’s Luxury Housing Market Is Thriving

Categories: Events/What's HappeningInnovationNews

Luxury homes in Orlando, Florida amid a beautiful landscape.

News Summary

Orlando is experiencing a surge in luxury home developments, with prices starting at $5 million. While some properties linger on the market for over 100 days, new communities like On Villa Pass offer unique amenities and innovative construction. Tri Pointe Homes is also expanding in Lake County, adding to the city’s vibrant real estate landscape projected for future growth with over 2,400 homes. With favorable mortgage options available, now is an excellent time for investment in this sunny paradise.

Orlando’s Luxury Housing Market is Booming!

Orlando, a city known for its theme parks and sunny weather, is currently witnessing a significant uptick in luxury home developments. With prices for these luxury homes starting at a hefty $5 million, the appeal of this vibrant city is increasingly drawing in wealthy relocators to Central Florida. If you’ve been dreaming of owning a lavish home in a sun-soaked city, Orlando is the place to be!

Homes for Sale, But Patience is Key

As much as the market is heating up, it appears that some high-priced homes are experiencing a slower breeze. Many of these stunning properties are staying on the market for over 100 days, showcasing that while the demand is undeniably present, the pace of sales can vary. Whether buyers are holding out for the perfect space or weighing their options, it’s an interesting dynamic in the housing landscape.

On Villa Pass: A New Gem in Groveland

One of the most exciting new developments is the On Villa Pass community by Onx Homes. Nestled in Groveland, this community boasts a whopping 200 preconstruction single-family homes designed to cater to families and individuals alike. The homes range in size from 2,442 to 2,824 square feet, offering a comfortable layout with 3-4 bedrooms to fit your family’s needs.

This community aims to enhance the lives of its residents with appealing amenities such as park spaces and scenic nature trails where you can enjoy a leisurely stroll or indulge in a morning run. If you’re a nature lover, this may be your slice of paradise!

Built to Last with Innovation

What sets Onx Homes apart is their commitment to building resilience, thanks to their innovative X+ Construction™ methodology. Homes constructed using this method come with solid concrete foundations designed to endure even the most severe weather conditions, including Category 5 winds. Moreover, lavish interiors, hurricane-impact windows, and energy-efficient appliances are standard features, creating a harmonious blend of luxury and practicality.

Forget just building homes; Onx Homes is also making waves in the industry! They’ve been recognized for their innovative approach, securing a spot as a finalist for the 2024 Ivory Prize for Housing Affordability and claiming the 2024 Architecture and Construction RED Award. Their ambitious goals include ensuring all homes are LEED certified by 2025, incorporating 80% recyclable materials by 2028, and achieving carbon neutrality by 2030.

Promotion That You Can’t Ignore

For potential homebuyers, there’s some exciting news! Currently, you can grab a fixed-rate mortgage of 5.5% while taking advantage of $16,400 in closing cost credits in a limited-time launch promotion. It’s the perfect opportunity to invest in a spacious new home!

Taking Root in Lake County: Tri Pointe Homes Joins the Party

Meanwhile, another exciting development is brewing in the Lake County market with Tri Pointe Homes entering the stage. They’ve recently acquired land for 178 homes within the picturesque Pine Ridge at Sugarloaf Mountain. The average price for these homes in 2023 hovered just under $700,000, making them a desirable option for many buyers.

Tri Pointe has big plans for the community, aiming to establish a design center and introduce new home designs tailored to the unique Florida market. Residents can look forward to community amenities, including a neighborhood park, perfect for family gatherings, morning jogs, or simply soaking in the sun.

The Future Looks Bright!

The development plan for Sugarloaf Mountain holds even more promise, with future phases potentially accommodating over 2,400 homes. The master developer, Richland Communities, is also planning infrastructure developments, including road extensions and additional home designs, which means the community is poised for thoughtful growth and enhanced living experiences.

With these thrilling developments, Orlando’s housing market seems to be on an exciting path. Whether it’s luxury homes with cutting-edge innovation or charming communities with great amenities, there’s something for everyone looking to call this enchanting city home.