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Archive for the ‘Condos’ Category

$250 Million Tradition Towers is Back on Track

Thursday, September 27th, 2007

Even with a cooling condo market, Tradition Towers overlooking Lake Eola is back on track. This time however, half of the building will be a new top end luxury hotel. Developer Steve Walsh claims that their hotel will be even more exclusive than Orlando’s Grand Bohemian. I’ll be interested to see if that is the case.

It’s a brave move to continue building into a slumping condo market. I certainly hope to see Orlando continue to grow though, so am glad that it’s happening.

(more at the Sentinel)

Posted in Condos, Downtown Orlando, Real Estate News | 1 Comment »

Real Estate Auctions Picking up in Orlando

Friday, September 21st, 2007

IDX Realty is having an auction of $100 million worth of property on October 6, 2007 at the DoubleTree Suites Hotel in Orlando from 11am - 6pm. Find out more on their website, or on the Orlando Sentinel.

The properties for sale range from vacant land and commercial buildings to multimillion dollar estate homes.More than 60 properties, in Florida, Georgia, North Carolina and New Jersey, are being sold by investors, builders with too much inventory, lenders with foreclosed-upon assets, Realtors, and regular homeowners who need to liquidate assets.

Condo Metropolis reports 40 condos were sold at auction in the Lake Mary.

The day saw some great and some not so great deals. One lucky bidder was able to grab a town home which was left by accident on the offer board at a lower price, while one lady who couldn’t make up her mind fast enough on a bid and ended up paying $18,000 more simply on a time rule technicality. I don’t think she even realized what had happened.

Posted in Condos, Lake Mary, Quick Links, Real Estate News | 2 Comments »

Habitat for Humanity to Build Pine Hills Condos

Tuesday, September 11th, 2007

Habitat for Humanity Orlando has put together a proposal to build a 58-unit, $6 million condo complex in Pine Hills, near Downtown Orlando. Interestingly, perspective owners would need to put in sweat equity of 300-500 hours, just like their “normal house” counterparts do on Habitat projects.

The project, called Staghorn Villas, will be built on 3.9 acres at Staghorn Drive and Silver Star Road. Plans call for 10 two-story buildings, each with four- to eight-unit townhouses, and green-space play areas. Habitat Orlando hopes to break ground in February 2008 and finish in spring 2011.

(read more at the Orlando Sentinel)

Posted in Condos, Downtown Orlando | 1 Comment »

Condo Auctions in the Orlando Area

Thursday, August 30th, 2007

A product of a large housing surplus is the increase in the number of condos going up for auction. If you’re flush with cash and want to get some steals, this might be your chance.

If you’re looking for a nice 2260 sq/ft condo on Turkey Lake (near the Mall at Millenia), there will be an auction on September 8th and 11am on site: 6336 BUFORD ST, Orlando, Fl, 32835 (map) Contact Bob Calistri for more information (bob@realestateauctionsllc.com), or download a PDF with more property and auction information.

A couple of properties are having multiple-unit auctions. Both of the following were found via Condo Metropolis, contact Marcus for more information:

In Altamonte Springs has 60 condos going up for auction, starting at $30,000. Not a bad starting point.
30 units are going up for auction in the Wekiva area.

Posted in Altamonte Springs, Condos, Real Estate for Sale | 6 Comments »

Downtown Orlando is Growing Up - Literally

Saturday, August 25th, 2007

(click here to “>download a PDF version of the map)

The skyline of Downtown Orlando has been in flux for the last 5 years, and doesn’t seem to be slowing down. A healthy portion of the condos that have been completed are sitting vacant, and there are quite a few more (like 55 West) that will become available soon.

All of this is part of the Downtown Orlando 20-Point Strategic Plan (PDF - beware, this is a 100 page document).