This page contains a Flash digital edition of a book.
FLORIDA Orlando


Proximity to Disney is king but whilst there’s a healthy supply of rentals in the very British-oriented Davenport (best for supplies of PG Tips) and Kissimmee, there’s room for more inventory in Haines City and Clermont


of Disney It’s also known as the “Golden Triangle” or “Four Corners Area” because it’s where four counties converge: Orange, Lake, Osceola and Polk.


According to www.holidaylettings.


co.uk, proximity to Disney is king, but whilst there’s a healthy supply of rentals in the very British oriented Davenport (best for supplies of PG Tips) and Kissimmee, there’s room for more inventory in Haines City and Clermont. Proximity to the coast (around 55


minutess from Orlando city) is less of a factor for would-be renters than the theme parks, malls and golf courses. For Howard Thorne whose Homes of America manages rentals as well as sales, Orange Tree and High Grove are the two best performing developments for STR in the Lake country area, each pulling 26-34 weeks rental a year. “But operational costs are relevant


to buyers and the difference is that Homeowners Association [upkeep] fees are $2,000 (£1,235) a year at High Grove, compared with $400 (£247) p.a. for Orange Tree,” he says (www.homesofamerica.co.uk). At High Grove (six minutes from


Disney, also golf, Cagans Crossing restaurants and shops) a four-bed home costs $214,000 (£132K); at Orange Tree (10 minutes from Disney, near supermarkets and restaurants) homes cost $145,000 to $269,000 (£90K-£166K). “Note that by the time you factor in spending $20,000 on furniture


42 A PLACE IN THE SUN APRIL 2011


and repair costs necessary for bank- owned properties, there’s often little difference in price between that and a regular one,” he adds. Other good performers he suggests


with 30-42 weeks rentals are Tuscan Hills in Polk County, 12 minutes from Disney and Watersong (Davenport, 18 minutes from Disney). At both, prices kick off around $140,000 (£86K) for a three-/four- bedroom short-sale. For Gary Kenny of Coldwell Banker


Feltrim (sales and rentals), however, Tuscana four miles from Disney is a good performer with 70 per cent occupancy (around 33 weeks) expected this year. “It’s got a tried and tested rentals


programme, is 12 minutes from Disney, 20 miles from the new Legoland, and next door to Champions Gate golf course,” says Kenny (www.cbfeltrim.com). He is selling two-bedroom furnished


units there for $89,500 (£55K), which were selling for $365,000 (£225K) in 2008 (www.tuscana.net). Another choice is Haines City, much


closer to Disney (20 minutes) since the widening of highways 4 and 27. “It’s grown into a good location,


with great shops – including the new Posner shopping centre,” says Kenny, who is selling one-bedroom condos (unfurnished, bank-owned) on the Southern Dunes golf resort from $39,000 (£24K) through to villas for $175,000 plus. “Occupancy is closer to 60 per cent


Pharmaceutical consultant David Jakobsen and his wife Nicola recently bought in the Haines City/Davenport area of Orlando. The couple, from Liverpool, paid $175,000 (£108K) for a four- bedroom villa in the gated community of Calabay Parc at Tower Lake. Their property, which they purchased through agent CB Feltrim, was originally priced at $300,000 (£185K). Calabay Parc, off Highway 27 and next to a large natural lake, is a 15-minute drive from Disney, 10 minutes from golf courses and just fi ve from the nearest supermarket and restaurants.


CASE STUDY “Our Sunshine State bargain”


FOR SALE: SHORT TERM RENTALS SHORT TERM RENTALS


Where: Kissimmee Price: $150,000 (£93K)


This four-bed, four-bathroom home with a pool is 20 mins from Disney. British Homes Group: 001 407 396 9914; www.britishhomesgroup.com.


Where: Haines City Price: $219,900 (£135K)


A four-bedroom, two-bathroom home on Southern Dunes Golf Course, 20 mins from Disney. CBFeltrim: 0844 669 5990; www.cbfeltrim.com.


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88  |  Page 89  |  Page 90  |  Page 91  |  Page 92  |  Page 93  |  Page 94  |  Page 95  |  Page 96  |  Page 97  |  Page 98  |  Page 99  |  Page 100