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Buy your dream home for as low as $350,000!

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LENNAR is offering 2-year credit towards HOA prepaid and additional incentive


This community is a great opportunity and has a lot of potential to build equity since the community is just starting and the location is another plus!!

Lake Wilson Reserve: Fees and Features 2022

Lake Wilson Reserve HOA is $185.00 per month.


*Included Features and Amenities:

*Prices, Availability, and Incentives are subject to change without notice.


July 2022- State of the Market

New market data shows median home price falls for the first time in six months as inventory spikes for the third straight month.


By the #s:

  • Median Price: $381,000 up 19%
  • Sales: 3,909 down 21%
  • New Listings: 4,746 up 1%
  • Average Interest Rate: 5.4%

Check Full Report…


New market data shows median home price falls for the first time in six months as inventory spikes for the third straight month.

By the #s:

(Disclaimer) All reports are completed at the month’s end

NAR Study: International Buyers Are Back

In NAR’s annual report, 1 in 4 (24%) international buyers chose Fla. Nationwide, they spent $5.9B, up 8.5%, even as single-family home sales dropped 7.9%.

WASHINGTON – Foreign buyers purchased $59 billion worth of U.S. existing homes over a one-year period (April 2021 through March 2022) – an 8.5% increase from the previous 12-month period and the end of a pandemic-led, three-year skid.

The 98,600 existing homes sold – the lowest since NAR tracking began in 2009 – were down 7.9% year-to-year.

Overall, however, Florida led the nation in welcoming foreign investment as one in four international buyers (24%) selected property in the Sunshine State.

READ MORE…

In NAR’s annual report, 1 in 4 (24%) international buyers chose Fla. Nationwide, they spent $5.9B, up 8.5%, even as single-family home sales dropped 7.9%.

WASHINGTON – Foreign buyers purchased $59 billion worth of U.S. existing homes over a one-year period (April 2021 through March 2022) – an 8.5% increase from the previous 12-month period and the end of a pandemic-led, three-year skid.

The 98,600 existing homes sold – the lowest since NAR tracking began in 2009 – were down 7.9% year-to-year.

Overall, however, Florida led the nation in welcoming foreign investment as one in four international buyers (24%) selected property in the Sunshine State.

“For the second year in a row, restrictions and general caution tied to international travel during the pandemic slowed home buying by wealthier foreign buyers,” says NAR Chief Economist Lawrence Yun. “Even so, domestic home buying demand was exceptional and, therefore, boosted home sales nationally.”

NAR’s 2022 Profile of International Transactions in U.S. Residential Real Estate surveyed members about transactions with international clients who purchased and sold U.S. residential property from April 2021 through March 2022.

Foreign buyers who resided in the U.S. as recent immigrants or holding visas that allowed them to live in the U.S. purchased $34.1 billion worth of U.S. existing homes, a 5.2% increase from the prior year and 58% of the total dollar volume of purchases.

Foreign buyers who lived abroad purchased $24.9 billion worth of existing homes, up 13.2% from the 12 months prior and for 42% of the dollar volume. International buyers accounted for 2.6% of the $2.3 trillion in existing-home sales during the time period.

Typical Foreign Buyer Home

The average ($598,200) and median ($366,100) existing-home sales prices among international buyers were the highest ever recorded by NAR – and 17.7% and 4.1% higher, respectively, than the previous year. The increase in foreign buyer prices partly reflects the increase in U.S. home prices, as the monthly average existing-home sales price rose to $374,300, up 10% from the prior period.

At just over $1 million, Chinese buyers had the highest average purchase price, and nearly a third – 31% – purchased property in California.

“Affordability challenges along with the inability to find the right property were the top reasons given for prospective international buyers who showed interest but ultimately did not purchase a home in the United States,” says Yun.

China and Canada remained first and second in U.S. residential sales dollar volume at $6.1 billion and $5.5 billion, respectively, continuing a trend going back to 2013. India ($3.6 billion), Mexico ($2.9 billion), and Brazil ($1.6 billion) rounded out the top five.

For the 14th straight year, Florida remained the top destination for foreign buyers.

All-cash sales accounted for 44% of international buyer transactions, nearly twice the rate (24%) of all existing-home buyers. Non-resident foreign buyers (60%) were twice as likely to make an all-cash purchase compared to resident foreign buyers (30%). Nearly 7 out of 10 Canadian buyers (69%) made all-cash purchases, the highest share among foreign buyers. Asian Indian buyers were the least likely to pay all-cash, at just 9%. Almost 6 out of 10 Chinese buyers (58%) and a quarter of Mexican (27%) and Brazilian buyers (26%) made all-cash purchases.

“Due to rising interest rates, overall home sales will decline in the U.S. this year. Foreign buyers, however, are likely to step up purchases, as those making all-cash offers will be immune from changes in interest rates,” Yun says. “In addition, international flights have increased in recent months with the lifting of pandemic-related travel restrictions.”

Type of Homes Purchased

NAR “collaborates with groups across the country to help our members unlock and better understand the opportunities in U.S. real estate for foreign buyers, maximizing the global business potential in our local markets,” says Katie Johnson, NAR’s general counsel and chief member experience officer. The network has grown to include more than 100 real estate associations across 76 countries.”



By: Kerry Smith
© 2022 Florida Realtors®
https://www.floridarealtors.org/news-media/news-articles/2022/07/nar-study-international-buyers-are-back?utm_campaign=7-19-22+Florida+Realtors+News&utm_source=iPost&utm_medium=email
NeoCity’s upcoming performing arts center will be anchored by prominent architecture in the waterfront entertainment zone.

Frank Sciame, the founder of Sciame Construction, gave Osceola commissioners a preview of his plans for the $1 billion NeoCity town center on Monday. He also revealed for the first time that he has partnered with a co-developer who has decades of know-how and a career portfolio that surpasses 30 million square feet.


Institutional-grade real estate in large urban areas is owned and managed by Edward J. Minskoff Equities or EJME. The developer and Sciame have collaborated to produce prestigious office buildings and mixed-use projects such as 51 Astor Place, which includes the IBM Watson headquarters, and 101 Avenue of the Americas.

According to Sciame, they don't get involved with anything unless it's really special. And I believe that there is a great chance to accomplish something truly exceptional. That is why they assembled what they genuinely believe to be the A-plus team.

He selected Minskoff because the developers shared a vision for a vibrant project that would bring housing, offices, retail, and performing arts to the tech district and both saw NeoCity as a blank canvas. Edward Minskoff was impressed by Osceola County’s commitment to luring high-paying tech jobs to NeoCity by making investments in the NeoCity Academy stem school, the Center for NeoVation, and the county’s first Class-A office building.

Minskoff said that NeoCity differs from other similar planned complexes that are highly focused on leasing apartments because of its R&D activities, tech education, primary chip manufacture, rich cultural amenities, and variety of recreational options. Both Sciame and Minskoff will use the project to debut in Florida.
Three additional renderings from SHoP Architects were unveiled by Sciame, and they expand upon the framework laid out in the original NeoCity concept by Perkins+Will.
Energy-saving measures like solar panels and green roofs are some of the characteristics they kept. The waterfront plaza would be anchored by the performing arts center and the nearby hotel, and a pedestrian bridge would cross the lake to connect the cultural hub to the mixed-use neighborhood. As per Senior VP Steve Colletta, smart technology will play a significant role but will be incorporated in a way that allows for development and flexibility in the future.

“You don’t plan it for today, right?” he said. You design the infrastructure that will support future developments. NeoCity will therefore have the necessary infrastructure in place to handle the rapid advancement of technology.

As an illustration, parking garages with vertiports will be built to enable high-speed, electric vertical takeoff and landing (eVTOL) aircraft to fly between NeoCity and Lake Nona.

The country's development deal with DSUS, which was created by Korean tech tycoon Young-Hwa Song and sold to Sciame, will need to be modified in order to accommodate the new developer, though.
The original transfer agreement's conceptual development plan for Phase 1 included 1,150 residences with almost 400,000 square feet of amenities and common area as well as a 1.4 million square foot retail and entertainment complex along Neocity's lakefront. The town center would have a commercial office tower, a dining and shopping area with a movie theater, a 200-room conference hotel with around 100,000 square feet of convention and exhibition space, and an entertainment venue with a 700-seat event center.

According to Sciame, the master plan must be revised in order to reflect the post-pandemic market conditions. That probably means there will be fewer homes and office space.

While the hotel and office towers may be taller, the first phase would comprise three mixed-use residential structures with a maximum height of 85 feet. A primary thoroughfare will be built by the developer along NeoCity Way that will connect to the cultural center, where the performing arts complex will serve as an architectural landmark for the waterfront.


Colletta stated that the initial 25 acres of Phase One were very substantially focused on work-live-play community, centered on the public experience.” There will be a wide range of food and drink options, shopping, shaded plazas, public art, and access to lake amenities, in addition to shops and shaded plazas for people to enjoy performing arts. And it’s the kind of neighborhood that, in their opinion, will foster a sense of place that will encourage investment and job growth in Osceola County.


They envision some of the performing arts programs spilling onto the public plaza after a succession of restaurants, retail stores, and grocery stores line the edge of the sea. Additionally, there are hotel and office components, as well as, of course, access to the lake.

-In its lobbies and outdoor areas, Minskoff is reputed for displaying substantial pieces of public art.

Due to the transfer of ownership from Song to Sciame, the Board of County Commissioners decided to grant DSUS a 120-day extension in April. The exclusivity period was changed in the conveyance agreement on Monday by a board modification that aligns it with the Project Milestones specified in the Original Agreement.


Board Chairman Brandon Arrington remarked, “these world-class developers design, develop, maintain, and refurbish some of the most recognizable buildings around the world, and for them to be leading the efforts to develop NeoCity’s City Center is further confirmation that NeoCity is a regional game-changer.”


“It’s the right place, the right position, the right time, and the right state,” Colletta continued. And as you may know, we have high hopes for the future.

The recently finished 14 Fifty NeoCity luxury apartment complex, formerly NeoSquare, is located to the east of the building, and one-bedroom apartment leases there begin at $1,731. The 287-unit Aston Square luxury apartment complex is being constructed across the street by Park Square Commercial.
The first 25 acres will cost the Sciame/EJME joint venture $565,000 per acre, or a total of $14.125 million. In addition, the joint venture has the sole right to negotiate for an additional 45 acres at a later time. The inclusion of Minskoff adds value due to his experience completing challenging, large-scale projects, which dates back to his time as CEO of Olympia & York when he built the 7.5 million-square-foot World Financial Center on the Hudson River riverfront in lower Manhattan.

Colletta claimed that he noticed similarities between Minskoff's strategy for the World Financial Center and NeoCity. He said,
Source: Laura Kinsler | Growthspotter | Jul 19, 2022, at 5:54 pm
https://www.growthspotter.com/news/osceola-county-developments/gs-news-neocity-sciame-osceola-minskoff-20220718-y27lz66n3vg6rm6w7gwhq52shu-story.html

This community is a Short Term Rental Community very central to all three Major Theme Parks:

These homes/townhomes are great rental options for guests visiting the area but CANNOT be used for primary homes or residential. The owner can use as a second home though.


*All Resort Townhomes, Villas, and Luxury Homes include Private Pools

Phase 3 Plans and Community Renderings

Resort Townhomes-Close to the New Clubhouse

Sabal Palm 4 Bed/3Bath


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Townhomes starting from the mid $500’s

RESORT VILLAS

Alexander Palm 5Bed/5Bath

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Majesty Palm 6Bed/ 5Bath

TAKE A TOUR

Site 0654-Alexander Palm/D2 5/5 with pool/spa $751,980 Estimated October Completion
Site 0662-Majesty Palm/D2 6/5 with pool/spa $776,980 Estimated October Completion

LUXURY HOME

Santiago 8 Bed/5 Bath

TAKE A TOUR

Santiago Model Pictures

Site 0347-Buchanan/D1 – 7 Bedroom/5 Baths $885,480. Water and Conservation View. Estimated Oct Completion

Construction Pictures 0347


The monthly HOA is $401 per month for Townhomes/ $430 For Single Family Homes and includes the following:
Cable, Internet, Landscaping, Trash Removal, and access to all amenities.


The CDD (Community Development District) is $1428 annually for Townhomes/ $2282 for Single Family Homes. This is a separate line item on the property tax bill. Property taxes are 1.8% of the assessed value and that INCLUDES the CDD.


*Storey Lake has some wonderful amenities that include:

The second clubhouse is under construction in Phase 3 and is expected to be completed by the end of this year.

*Prices, Availability, and Incentives subject to change without notice.


According to WalletHub, while we may all define “fun” a bit differently, the Sunshine State ranked as America’s most fun state behind California — making it No. 2.

Why moving to Fla. is such a great idea? Because a WalletHub study that looked at leisure, recreation, and nightlife determined that it is unquestionably enjoyable. study that looked at entertainment, recreation and nightlife.

NEW YORK – A WalletHub study examined 65 criteria in three categories—entertainment and recreation, nightlife and parties, and total costs—to determine how enjoyable each state is. Florida was rated as the second-most enjoyable state in the nation, behind only California.

Florida has the second- highest number of restaurants per capita and a wide choice of recreational opportunities, according to the report. According to the study, Florida also has the most marinas, golf courses, country clubs, and performing arts venues.

Nevada, New York, Illinois, Colorado, Washington, Texas, Minnesota, and Louisiana round out the top 10 best and funniest states.

What is Fun Anyway?

Everyone has a unique perspective on and interpretation of what “fun” is. Something that is enjoyable to you might not be to someone else. However, there is one thing that never changes: there is always something entertaining to do in Florida.

While you may find enjoyment wherever you go in some states, you have to hunt for it in others. Yet, in Florida, you can all get all kinds of fun you’ve been looking for, it’s like a one-stop shop of happiness.

Jill Gonzalez, communications director for WalletHub, said, “Florida is a very fun state. It is a state where you can have affordable fun”, which I definitely agree!


Source: https://www.floridarealtors.org/news-media/news-articles/2022/07/most-fun-states-fla-ranks-no-2?utm_campaign=7-8-22+Florida+Realtors+News&utm_source=iPost&utm_medium=email

What is a Vacation Rental Property?

Vacation rentals are defined as homes rented by travelers on a short-term basis .This is served as a temporary house often for less than 30 days by the same individual, though descriptions may change depending on the situation. 


These properties are usually furnished apartment, house, or professionally managed resort-condominium complex on a temporary basis to tourists as an alternative to a hotel. And were used primarily for recreational purposes including vacations or holidays.


Vacation rentals are such profitable investments if you understand the real estate market works and know how to market. In investing or in putting up any business, LOCATION plays a big role in determining its success. For vacation rental investment, it’s wise to choose an area with a lot of tourist traffic and activity.

Here are the most recommended cities you might consider:

1. Orlando, Florida

Orlando is one of the most popular tourist destinations in the United States, attracting both domestic and foreign visitors. Walt Disney World, which was labeled as “The Happiest Place on Earth,” is located in Orlando. With this reason alone, there is no wonder it entered the top 5 most visited cities in the country. Orlando is also home to other amusement parks, such as Universal Studios and SeaWorld

.
In addition to amusement parks, the city is within driving distance of a beach and provides a variety of other attractions. As a result, investing in vacation rentals in or near Orlando will provide a steady stream of income. Just be sure that short-term rentals are permitted by local and state legislation.

2. New York City, New York

Did you know that New York City is the most popular tourist destination in the United States? This makes sense because NYC is one of the biggest cultural hubs in the world wherein it is always mistaken to be the capital of New York State or the whole country which is actually not!


Times Square, Madison Square Garden, Central Park, Grand Central Terminal, the Statue of Liberty, and many other attractions are among the most popular in New York City. This means that investing in a vacation rental home in NYC might provide a consistent income stream. Short-term rental restrictions in NYC are strict: guests must rent for at least 30 days, or the host must be present for guests renting for less than 30 days.

3. San Francisco, California

Another well-known tourist destination in the United States is San Francisco. The Golden Gate Bridge is a popular tourist attraction that draws visitors from all over the world. San Francisco is also recognized for its diverse food, and it is conveniently located in California’s Wine Country for those interested in wine tastings. 


Like New York City, San Francisco has some stringent restrictions regarding short-term rentals. To own a short-term rental in San Francisco, you must first make the city your primary residence, and you cannot rent to guests for more than 90 days in a calendar year. So if you’re a San Francisco native, why not consider borrowing money from a flexible lender to buy a vacation rental? This will surely give you an extra income.

4. Maui, Hawaii

Maui is one of the most popular tourist destinations in the state of Hawaii. Maui is a beautiful tropical retreat with a wide range of water activities, sandy beaches, and unique animals. Indeed, Hawaii as a whole is known for all of these traits, making it an excellent place to invest in a vacation rental. But always keep in mind the state restrictions on short-term rentals to avoid fines and penalties of not complying to it.

One common ground for these recommended cities is that they have destinations that are hot in the eye of the tourists, though the lion’s share has strict restrictions when it comes to short term rentals. So before you invest in this kind of business, make sure that you are able to comply with all the rules and regulations in order not to experience unwanted events and situations.

Welcome to Lake Wilson Reserve, a community of new townhomes for sale in Kissimmee, FL.. Its great location is just 10 minutes away from entertainment and attractions in Walt Disney, as well as a short drive to Orlando’s other world-class theme parks. The neighborhood is close to local dining and shopping outlets, plus the area is zoned for great schools to offer family-friendly living. For recreational enjoyment, an onsite playground, scenic multi-use trails, and open green spaces wind throughout the community.

Here are just some of the nearby attractions for you to visit within close proximity to Lake Wilson Reserve.

Where is Lake Wilson Preserve?

Lake Wilson Reserve can be found at 7628 Danube Road in Kissimmee, Florida 34747.

Amenities in this community

Swimming Pool
Swimming Pool
Tot Lot
Tot Lot
Trail
Trail
Fully Maintained Lawns
Fully Maintained Lawns

Take a look at the available homes in this community

A craftsman-inspired exterior with open gable rooflines, a mix of vertical and horizontal siding, along with stately columns in the entryway: Available exterior in 4-Plex and 9-Plex.

1. Pampas

1,797 Square ft. | 3 Beds  |  2.5 Baths  | Starting Price at $366,000

This two-story townhome has a smart layout that features everything busy homeowners need to live in comfort. The front door leads to a large flex space which works well as a dining area, while down the hall is the open concept kitchen and Great Room. Upstairs are three bedrooms, including the owner’s suite which features a spacious walk-in closet and private bathroom.

Prices and features may vary and are subject to change.
Pampas floor plan:

2. Camelia

1,848 Square ft. | 3 Beds  |  2.5 Baths  | Starting Price at $373,000


This two-story townhome features a floor plan that maximizes the use of the interior space available. The covered entry opens to a spacious flex room ideal for hosting guests, followed by an open concept main living area with a lanai for indoor-outdoor activities. Upstairs is a cozy loft to add shared living space, two secondary bedrooms and a serene owner’s suite complete with a large walk-in closet.


Prices and features may vary and are subject to change.
Camelia floor plan:

3. Tea Olive

1,674 Square ft. | 3 Beds  |  2.5 Baths  | Starting Price at $348,000

This two-story townhome has a warm layout that is great for relaxing or entertaining guests. The front door leads to an expansive flex room or dining area, while further down the hall is the open concept kitchen and Great Room with a covered lanai attached. Upstairs, two bedrooms share a bathroom in the hall near the front, while the owner’s suite is tucked into the back with a walk-in closet and full bathroom.

Prices and features may vary and are subject to change.
Tea Olive floor plan (available in reverse):

Everything included in every home

Kitchen:

Owner’s suite:

Interior:

Exterior:

Energy Efficiency:

Approximate HOA fees • $185 per month | Approximate tax rate • 1.27%

Contact us today for more information and to set up a private viewing of the community.

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