|So you want to live in Disney World? The all new Disney World community being called Golden Oaks was announced June 23rd 2010 will be located just east of Disney's Ft. Wilderness near Bay Lake. The 1,000 acre plot of land will be sold as private vacation homes ranging in prices from $1.5 to $8 million. Unlike Disney's first attempt, this will not be another "Celebration" which was built to be an entire community complete with retail, dining and schools. |
Golden Oaks will feature theme park perks, a private club house, concierge services and other Disney pluses. The community will also feature a 445 room Four Seasons Hotel and 2 adjacent Golf courses. The home styles choosen by Disney include "Village Courtyard," "Dutch Colonial," "Venetian," "Tuscan Village," "Spanish Revival," "Island Colonial," and "Italianate" with lot sizes ranging from 1 quater of an acre to 3 quaters of acre. Potential buyers are required to deposit $25,000 to be eligible to purchase.
The super rich have always had many choices in Orlando but considering the home prices of Windermere were other notables such as Tiger Woods live the price tag is actually priced to be a bargain so do not under estimated the power of Mouse in a down market. Tightly controlled gated communities are nothing new but in this weak housing market and even weaker economy Disney is gambling that the address will be more exclusive than 90210.
Investors need not apply... short term rentals will not be permitted however longer term rentals of 6 months or more will be allowed.
From a Walt Disney press release: "We have a range of options for guests at all price points to enjoy the Walt Disney World Resort. But Golden Oak is something totally new: a residential resort community, right in the heart of the magic,"
The first homes will be built by the end of 2011.
This new community is not anywhere near Walt's Experimental Protoype Community Of Tomorrow (the original EPCOT) but will boast a new way to experience "The Magic".
Related fact, this is not the only place were resdients have been permitted to live on Disney property. Bay Lake City with a population of approximatialy 30 persons has been home to many Disney employees over the years. The only landowners are fully-owned subsidiaries of the Walt Disney Company.
Seven Central Florida builders have started construction on the first homes at the new Golden Oak residential resort at Walt Disney World. The one-of-a-kind community has sparked interest from families throughout the US, Europe, South America and Canada. "It’s exciting to see the response to this unique community designed specifically for multigenerational families who love visiting Disney," said Page Pierce, vice president, Disney Resort & Real Estate Development. "And it's wonderful to have the involvement of expert regional home builders and the participation of the local broker community."