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Charming property just listed in Davenport

Charming property just listed in Davenport

by | Mar 31, 2022 | Blog, Homeowners, Homes, Villas and Condos, Investment Property in Florida, New Listing, Property for Sale, Property for Sale in Orlando

Charming property just listed in Davenport

137 Paradise Woods Pl, Davenport, FL

$339000

3bed – 2bath – 5227.2 acres lot

Located in the small, gated community of Paradise Woods is this fully furnished pool home. Currently used as a second home it would also make a delightful starter home or income producing property (short or long term). The roof has been replaced and the pool resurfaced so no need to worry about expensive improvements just after you move in. With tile throughout the main living area and carpet in the bedrooms the open floor plan is bright, airy, and deceptively spacious. A split floor plan with the great room separating the bedrooms, fully equipped kitchen and dinette towards the front of the home. The great room has sliding patio doors lead outside to a west facing private, inground heated pool providing plenty of space to relax and entertain. Close to shops and restaurants at Reunion and Champions Gate and only two junctions away from World Drive on I4 providing easy access to Disney and all the Central Florida attractions.

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Beautiful property just listed near Disney

Beautiful property just listed near Disney

by | Mar 30, 2022 | Homeowners, Homes, Villas and Condos, Investment Property in Florida, New Listing, Property for Sale, Property for Sale in Orlando

Beautiful property just listed near Disney

163 TIGERLILY COURT, DAVENPORT, FL

Just Listed

$ Click for current price
4 BEDROOMS | 3 full baths BATHROOMS | 2294 SqFt

Situated towards the end of a cul-de-sac in the beautiful Watersong Resort this home has it all. From the manned, gated entrance to the 6.700 sq ft community clubhouse this is Florida living at it’s best. Currently a successful vacation rental it could easily become a stunning primary residence. Featuring two master bedrooms, each with a king bed (one on the first floor and one on the second) this is home is ideal to host two families on vacation or a multi-gen family. A second bedroom on the first floor has it’s own en-suite bathroom and upstairs two further bedrooms share a Jack ’n’ Jill so no morning queues !! A fully equipped kitchen with breakfast bar overlooks the dining and spacious family rooms and sliding patio doors lead outside onto a generous covered lanai – perfect for al-fresco dining. The extended pool deck and private, heated in-ground pool and spa benefits from having no rear neighbors and provides the perfect place to relax after a day in the theme parks or entertaining family friends. Community facilities are second to none with a resort-style clubhouse, swimming pool, spa, fitness center, business center with Internet, sand volleyball, children’s playground and picnic area. Sold fully furnished the outside of the home was painted 6 months ago, interior 18 months…even the tile roof was professional cleaned recently. Two new Trane AC units installed within the last two years and the current owner replaced both King mattresses in the last 6 months so you are guaranteed to sleep easy knowing this home is move in ready. Rental income averages $40K per year and viewing opportunities are limited so make sure to schedule your appointment NOW….this one will not last.

 
Will Central Florida remain a seller’s market and for how long?

Will Central Florida remain a seller’s market and for how long?

by | Mar 8, 2022 | Blog, Homeowners, Homes, Villas and Condos, Investment Property in Florida, Real Estate News

Will Central Florida remain a seller’s market and for how long?

Will Central Florida remain a seller’s market and for how long? 

 

According to experts, Orlando is set to remain a seller’s market for quite some time. 

Home inventory in Central Florida has been scarce with the market red hot right now – and it’s anticipated to stay that way for the next 12 months.  

According to the ORA- The Orlando Regional Realtor Association, home sales have increased nearly 13% compared to this same time last year. 

“Within a matter of 24-48-72 hours, you can have as many as… I had one property that had 50 offers. I’ve never had 50 offers on a property,” said Winter Park realtor Jennifer King. 

King has been a real estate agent in the Central Florida market for 20 years. She tells the media that more than 1,500 people a week are moving to the area, many relocating from California and New York, and flooding the Orlando market with cash. 

But that’s not the only factor driving prices for both home sales and rentals. 

“What I’m seeing now is people are actually moving their companies here because of our state taxes. They’re moving their companies and hundreds of employees at one time.” 

Some of those include the Walt Disney company, which is transferring 2,000 employees to Central Florida from Los Angeles, CA. KPMG is also relocating its capabilities center from up North. Sonesta International Hotels opened a new corporate office a few months ago, and Innovacare Health Incorporated is also moving high-wage jobs here. 

So, what’s really driving the price increase in Orlando’s rental market? 

“So many people had investment properties because of our market back in 2007. So they held on to those and prices of those properties have gone up so much. It made more sense for those people to sell those homes. So we’ve lost a significant portion of our rental properties.” 

Orlando home values are now up more than 21% and are expected to go even higher through next year with no signs of slowing down in the foreseeable future. 

We, at RE/MAX Heritage, have always tried to point out the numerous benefits of working with a realtor. However, in this market, working with a realtor has truly become a necessity for clients’ success.  

Realtors know the market, have access to the most up to date property database, have inner professional networks, and can navigate through complex transactions and fast paced negotiations.  

For all things real estate in the Orlando area (buying, selling, rental, management, etc.), speak with us first. We’ve been doing this since 1989 (33 years and counting) and it’s the best testimonial that we excel at it!

​

Ready to make a Move?

Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

 

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The Most Expensive U.S. Real Estate Sales For 2021

The Most Expensive U.S. Real Estate Sales For 2021

by | Feb 11, 2022 | Blog, Homes, Villas and Condos, Investment Property in Florida, Local Events

The Most Expensive U.S. Real Estate Sales For 2021

According to Forbes, Marc Andreessen’s $177 million Malibu dream house topped the list of luxury home purchases last year. Several lavish properties in Palm Beach, the Hamptons and beyond also changed hands in 2021. 

A drop in luxury housing inventory and increased buyer demand drove the high-end real estate market to record prices in 2021, with several sales in the United States surpassing the $100-million mark. As the pandemic continued, the ultra-wealthy sought second (and third) homes to add to their portfolios and were willing to spend a fortune to make their residences more comfortable for extended periods. 

Oceanfront estates in Malibu, Palm Beach and the Hamptons claimed most of the highest sales last year, but a condominium tower in New York also ranked among the most expensive. Home buyers weren’t simply paying for glamorous locations and massive square footage. Among the luxurious amenities included in these mega-purchases were a retinal scanner for master bedroom access and a funicular that leads to the beach. 

As always, billionaires were among the most acquisitive when it came to trophy homes—with Brooklyn Nets owner Joe Tsai elbowing Oracle cofounder Larry Ellison out of the top dozen. Ellison’s purchase of a Palm Beach mansion for $80 million fell just short of the biggest sales last year, based on available public records and published reports. 

Meanwhile, December saw the close of a $200-million purchase of a 340,000-acre Montana spread by media tycoon Rupert Murdoch. The seller was Matador Cattle Co., a subsidiary of Koch Industries, headed by billionaire Charles Koch. That property is not included in this tally because it is technically a commercial investment, and the closing price cannot be confirmed. 

Outside the U.S, luxury properties in Australia and Hong Kong made up some of the priciest transactions in the world, despite both countries experiencing extended lockdown conditions. Hong Kong’s biggest sale played out in the exclusive Peak neighborhood, where an unnamed buyer purchased two units at the Mount Nicholson development for about HKD 1.2 billion (or $150 million). At AUD 60 million (or about US $42.5 million), the reported sale of the Boyd Penthouse atop the ANZ building in Sydney’s Financial District was Australia’s highest transaction of 2021. 

And the momentum in the luxury real estate market shows no sign of slowing down in 2022. Back in January, billionaire hedge fund manager Daniel Och reportedly flipped his penthouse in 220 Central Park South in Manhattan for nearly $190 million—about double what he paid for it in 2019. That price already eclipses the highest sale of 2021. 

​

Ready to make a Move?

Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

 

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A Sharks Tale – How to find a good Realtor

A Sharks Tale – How to find a good Realtor

by | Jan 14, 2022 | Blog, Investment Property in Florida, Mortgages, Real Estate Components

A Sharks Tale – How to find a good Realtor

Rather than understanding what investors are looking for, many real estate agents lack work ethic and can be difficult to coach. It is imperative that you let the agent know exactly what you are looking for or he or she will bring you many loser deals.

Do not leave out any details when explaining to a real estate agent what you are looking for. You should specify the locations you are looking for, the price range, the return/cap rate you are looking for, the type of home, the number of bedrooms, and other details which are important to you.

A good agent will also be willing to make multiple offers and make a low ball offer. Some agents do not like investors and only work with the typical home buyer. That is fine, but we need to be aware of that as early as possible.

You should ask other buyers for recommendations before choosing a real estate agent. Often, investors will be more than happy to give you recommendations on investor-friendly agents. If you are serious about investing in real estate, remember that what works for one investor might not work as well for you. Make sure you are comfortable with the investor friendly broker before signing a contract.

It is also possible to find reviews of agents on sites like Zillow and realtor, however I would strongly recommend getting a recommendation from an investor you know. It is also a good idea to find a realtor who is able to bid on HUD homes, as these homes can be great deals and it makes things much easier if your agent is qualified to bid on them.

Finally and most importantly, make sure your real estate agent has invested in properties themselves since these individuals understand us, buyers, far better than those who have never purchased real estate before.

Choosing a good realtor is challenging, but don’t cut corners on finding one as a good realtor will take your business to the next level and make your life much easier. 

Re/Max Heritage Realtors are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

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Things to Consider Before Buying a Vacation Home

Things to Consider Before Buying a Vacation Home

by | Dec 15, 2021 | Blog, Investment Property in Florida, Real Estate Components, Real Estate News

Things to Consider Before Buying a Vacation Home

Investing in vacation rental properties is one of the best ways of making money and building wealth in real estate. Recent statistics show that Airbnb hosts generated gross revenue of $14.2 billion in North America in 2019. Due to the Coronavirus-induced travel restrictions and stay-at-home orders, gross revenue dropped to $12.6 billion in 2020. However, with the release of the Covid-19 vaccines and the reopening of economies in 2021, the short-term rental industry is expected to rebound in a significant way.

Weigh the Pros and Cons

Even if you’ve made up your mind to buy a vacation home, it’s still a good idea to consider the positives and negatives. Some pros would definitely be:

  • It’s an investment. Like your primary home, a vacation home will hopefully and probably increase in value. Especially in popular areas near beaches or mountains, you may be able to sell your vacation home for substantially more than you bought it for.
  • You can earn money by renting it out. If you aren’t going to live in the vacation home throughout the year, you could create a passive income stream by renting it out to other vacationers.
  • You’ll save on vacations. Depending where the vacation home is, maybe you’ll have to spend money on gas or airfare, but otherwise, you’ll already have a place to stay.
  • You can enjoy longer vacations. After a while, it’s hard to justify spending $100, $200 or $300 a night at a hotel, and so you cut your vacation short after a certain number of days or maybe a week or two. But this is your vacation home. In fact, if you work remotely, you may be able to work from your vacation home. You can decide the length of your vacation instead of how long you can afford to stay at a hotel.
  • It can boost your quality of life. It’s not all about money. A vacation home will allow you to a place to recharge and relax, and family members and friends could potentially join you.

 

But there are also some negatives:

  • It’s expensive. The cost of buying and maintaining a vacation home is steep. You’re going to be paying another mortgage, plus property taxes, insurance and utilities, just as you do with your primary residence.
  • The costs could mean you save less for other things. Consider the bigger picture: Will you have less to save for your kids’ college fund or your retirement?
  • You’ll have to maintain another home and keep it secure. How long will your vacation home be empty? With today’s technology, you can probably set up cameras and monitoring equipment to allay your concern. But pipes can freeze in the winter. A raccoon could chew a hole in your roof and move in.
  • You might want a change of scenery. In a few years when the novelty of your vacation home has worn off a bit, will you long to go on a vacation somewhere completely different? And will you feel that it’s impossible to take a vacation anywhere else, since you’ve put so much time and money into your vacation home?

 

 

We have helped thousands of clients buying Orlando vacation homes. Buying a vacation home in Orlando represents one of the most attractive investment opportunities in the world and clever investors taking advantage of vacation rental income to subsidize their investment. The combination of Orlando’s world famous theme parks and Florida’s year round sunshine has generated an insatiable demand for Florida holiday villas and vacation homes near Orlando. This has created a vacation rental market turning over millions of dollars every year.

Ready to make a Move?

Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

 

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