Pine Hills
REAL ESTATE
This Orlando mega home with its own casino and arcade is now on the market
An Orlando mega home full of extravagant add-ons and space for several families is now on the market. Located at 1125 Grand Traverse Parkway in Reunion, the home has 11 bedrooms, 14 baths and more than 11,000 square feet of living space. The residence boasts a massive open-concept living room...
6 Worst Florida Suburbs To Buy Property This Year, According to Real Estate Experts
Deciding where to purchase property is a big decision. Even if you've narrowed it down to Florida, you've still got plenty of options in terms of location. The first step is to think about housing...
Some Central Florida municipalities opt out of state effort designed to increase affordable housing
CLERMONT, Fla. — At least two local governments in Central Florida have opted out of part of a state law that’s designed to create more affordable housing. Leaders in Winter Park and in Lake County have decided to exempt their municipalities from a tax exemption part of the Live Local Act.
Greystar Breaks Ground on 315-Unit Complex in Ocoee, FL
Greystar has broken ground on a mixed-use development in Ocoee, Florida. Elan Crown Point will offer 315 apartments, with homes’ layout plans spanning one-bedroom to three-bedroom designs. It will be part of the developing Crown Village venture. The Orlando Business Journal notes that residences at Elan Crown Point will...
Johns Cove home tops Winter Garden sales from July 8 to 15
A Johns Cove home topped all Winter Garden residential real-estate transactions from July 8 to 15. The home at 812 Johns Point Drive, Winter Garden, sold July 10, for $1,435,000. Built in 2006, it has five bedrooms, four baths and 4,373 square feet of living area. Days on market: 44. The sellers were represented by Matt Tomaszewski, Corcoran Premier Realty.
Home Buying rules remain unchanged despite high prices
A general rule that many have used for decades when it comes to buying a house is the 3x rule, which means your mortgage should be no more than three times your annual salary. Although housing costs are high in Orlando, Rose Kemp, President of the Orlando Realtors Association, said that rule still holds true in 2024.
Windermere Downs home tops Windermere sales from July 8 to 15
A Windermere Downs home topped all Windermere residential real-estate transactions from July 8 to 15. The home at 1741 Woody Drive, Windermere, sold July 10, for $835,000. Built in 1986, it has four bedrooms, two-and-one-half baths and 2,790 square feet of living area. Days on market: 23. The sellers were represented by Jonathan Minerick, HOMECOIN.COM.
Waiting for Affordable Housing, Purple Heart Convention, Elevation Scholars, Historic Hotels
Tomorrow is the last day to apply to get on the City of Orlando’s Housing Authority wait list for affordable housing slots. They operate about 1,400 public housing units. More than 10,000 people put their names on the wait list. It’s easy to say the region is suffering from a lack of affordable housing options, but the truth is this is a crisis of shelter that is impacting nearly every city in the country. Eric Grimmer is an attorney and lead with Orlando YIMBY, a fair and affordable housing non-profit advocacy group promoting greater housing density and abundance. Grimmer joins Engage to share his perspective on the city’s efforts.
Demetree Global Acquires Prime Mixed-Use Property In Winter Park For $55 Million
Demetree Global announce the acquisition of Hannibal Square, a prominent mixed-use property located in the heart of Winter Park. The transaction, valued at $55.3 million, includes nine buildings encompassing 168,741 square feet of space. The property spans multiple addresses on West New England Ave, as well as 402 West Welbourne Ave, and is ideally situated with walkable access to Park Avenue/Downtown Winter Park and Rollins College, attracting a diverse range of residents, students, and visitors.
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