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Ultra Luxury Homes To Begin Selling at Disney

June 23rd, 2010 · No Comments

There was a post on this blog back in 2008, Disney Planning New Luxury Home Community, and now it’s finally coming to reality. I had my doubts as well, but it looks like Disney is finally getting this community underway.

According to this article in the Wall Street Journal, Disney unveiled it’s plans for it’s ultra luxury community called Golden Oak this week. Prices will range from $1.5 to $8 million and will encompass 4,900 acres with 450 homes in 3 distinct villages.

I believe this community is located on Osprey Ridge which Disney closed down a few years back. It’s arguably the most scenic of all the courses at the resort.

Owners will be allowed to bring in their own custom builder to create the home of their dreams within the set of guidelines provided by Disney. I feel sorry for the builder of these homes. If the guidelines are anything like the ones in Celebration, it’s probably the size of a small phone book but it did end up looking beautiful.

I don’t know if they’ve heard, but the real estate market here in Orlando and every where else in the world isn’t all that good.

Now they want to build something no one can afford?

Perhaps Disney knows something that I don’t know.

Having followed the market in SW Orlando for quite some time, I’ll be curious to see how all this pans out. I guess you don’t have to worry about the company going bankrupt before they finish, but how long will it take?

They quote 10 years, but I wouldn’t be surprised if it took a little while longer.

Anyway, here’s a SLIDESHOW of the community if you’re interested.

Please contact me for more information on this new community.

Tags: Luxury Homes · New Construction · Places in SW Orlando · Real Estate Oddities · SW Orlando Communities