Where to Buy? The Ultimate Guide to Luxury Home Investment in Orlando
Goldman Sachs: US house prices are poised to rise in 2024
Housing prices in the US were surprisingly resilient last year in the face of a jump in mortgage rates. Now, with the prospect of interest rate cuts on the horizon, home prices are expected to climb in 2024 more than previously anticipated, according to Goldman Sachs Research.
“US home prices are projected to increase 5% this year, up from the previous forecast of 1.9%, Goldman Sachs Research's Roger Ashworth, senior strategist on the structured credit team, and analyst Vinay Viswanathan write in the team's report. In 2025, prices are expected to rise 3.7%, compared with the earlier forecast of 2.8%. Those forecasts are underpinned in part by signs of momentum in housing prices.”
Orlando: Your best real estate investment destination
Without that prospect in horizon, real estate investment is still one of the rewarding investment and you and your family. Florida is among the hottest markets post-pandemic. If you’ve ever wanted to relocate to somewhere warm and tropical like Florida, Orlando is definitely one of the best places to live.
Greater Orlando area remains a popular relocation destination for families to enjoy Florida's great weather, theme parks, beaches, and to work from home. Particularly, the new Brightline railway will further boost Orlando’s tourism by linking riders from Miami to Orlando in about three hours with more than 30 trains a day. The newer construction areas of Lake Nona on the southeast side of Orlando International Airport as Lake Nona’s medical city and now Disney Campus announced to be built there. Newer Resale homes as well as new construction are in high demand and in short supply.
Orlando boasts a robust economy that has consistently shown resilience and growth over the years. With its diversified economic base, including tourism, technology, healthcare, and aerospace industries, the region attracts a steady influx of job seekers and residents. According to the Florida Department of Economic Opportunity, Orlando's unemployment rate remains at 2.6 percent in March 2023 for the third consecutive month, down 0.4 percentage point from the rate of 3.0 percent in March 2022, which is lower than the national average, indicating a relatively stable job market.
After the pandemic, Orlando welcomes more people moving from metropolitan area to Orlando. In 2023, across the nation, 2% of homebuyers searched to move into Orlando from outside metros. New York homebuyers searched to move into Orlando more than any other metro followed by Washington and Miami.
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Six luxury neighborhoods in Orlando
Orlando boasts several upscale neighborhoods known for their luxurious amenities, exclusive properties, and desirable features. This is Ackley Platinum Group's guide to helping you find the right place to relocate in the greater Orlando area. Here are six luxury neighborhoods in Orlando:
1) Lake Nona 2) Windsor Park at Windermere 3) Bay Hill 4) Dr. Phillips 5) Baldwin Park and 6) Winter Park
1). Lake Nona
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A master-planned community, Lake Nona is a hub for innovation and luxury living. It features upscale homes, a medical city, and the renowned Lake Nona Golf & Country Club. It boasts a variety of amenities, including top-rated schools, beautiful parks and recreational areas, and a vibrant nightlife scene. The area is home to several major employers, making it an ideal location for those seeking job opportunities. Additionally, Lake Nona offers easy access to nearby beaches and theme parks, making it a great destination for both tourists and residents alike. With its growing economy and strong sense of community, Lake Nona is the perfect place to call home for anyone looking for a high quality of life.
Medical City at Lake Nona is home to several world-renowned hospitals, including:UCF Lake Nona Medical Center, Nemours Children's Hospital, Orlando VA Medical Center, GuideWell Innovation Center, University of Florida Academic & Research Center and MD Anderson Orlando Cancer Research Institute. These hospitals offer top-quality healthcare services and state-of- the-art facilities, making Medical City an ideal location for patients seeking exceptional medical treatment. Additionally, the area's educational institutions and research centers attract top talent from around the world, providing ample opportunities for students and researchers alike. Overall, Medical City Lake Nona is a hub of innovation and excellence in the healthcare industry.
2). Windsor Park at Windermere
Known for its upscale homes and golf courses, Windsor Park is a prestigious neighborhood offering luxury estates, often with golf course frontage. It’s known for the exclusive gated community, estate-sized homes with modern and Mediterranean-style architecture; proximity to the Butler Chain of Lakes, private boat ramps and docks for residents and golf courses and country clubs nearby.
3). Bay Hill
Famous for the Bay Hill Club & Lodge, host of the Arnold Palmer Invitational, Bay Hill is a prestigious community with upscale homes and a renowned golf course. It’s known for the prestigious Bay Hill Club and Lodge, host of the Arnold Palmer Invitational, exclusive golf course communities; waterfront properties along the Butler Chain of Lakes, upscale dining and shopping options and proximity to theme parks and attractions.
4). Dr. Phillips
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This area is known for its upscale homes, excellent schools, and proximity to high-end shopping and dining, particularly on Restaurant Row. Dr. Phillips is a highly sought-after community in Orlando, Florida. It offers an excellent quality of life with its top-rated schools and beautiful parks and recreational areas. The area is also home to a variety of shopping and dining options, making it the perfect place for those who enjoy a vibrant lifestyle. Dr. Phillips has a strong sense of community, with numerous events and activities throughout the year that bring residents together.
Famously known “Restaurant Row” is located in Dr. Phillips. It is home to a wide variety of restaurants, ranging from upscale steakhouses and seafood spots to casual cafes and bars. The area has earned a reputation as one of the best places to dine in Central Florida, with many establishments offering award- winning cuisine and top-notch service. Restaurant Row also features several shopping and entertainment options, making it the perfect place for a night out on the town.
Additionally, the area is located near major employers, providing ample job opportunities for those looking to relocate. With easy access to nearby theme parks and attractions, Dr. Phillips is an ideal destination for both tourists and locals alike. Overall, Dr. Phillips is a fantastic place to call home for anyone looking for a balanced blend of convenience, comfort, and entertainment.
5). Baldwin Park
A well-designed community with a mix of luxury homes, Baldwin Park offers a walkable lifestyle with parks, shopping, and dining all within reach. It has the New Urbanism design with a mix of residential, commercial, and recreational spaces, well-planned neighborhoods with traditional architecture, Village Center with shops and restaurants, parks, lakes, and walking trails and highly-rated schools and a sense of community.
6). Winter Park
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Winter Park is a charming city located just outside of Orlando, Florida. Known for its beautiful tree-lined streets and historic architecture, Winter Park offers a unique blend of old-world charm and modern convenience. The area boasts top-rated schools, beautiful parks, and a thriving arts scene, making it an ideal location for families and creatives alike.
Winter Park is home to several major employers, such as AdventHealth, Rollins College, and the Winter Park Memorial Hospital, providing ample job opportunities for residents. With easy access to nearby beaches and theme parks, Winter Park offers the perfect balance of relaxation and entertainment. Overall, Winter Park is a wonderful place to call home for anyone looking for a vibrant community with plenty of character.
With everything from the plethora of street shopping and acclaimed restaurants on Park Avenue to uplifting galleries and museums, and gorgeous hidden parks to canals that rival the beauty of those in Europe decorated in the natural landscape that screams “quintessential Florida,” Winter Park truly has a little bit of something for everyone. Only a short drive from downtown Orlando or a 45-minute drive from the theme parks, this unique city feels like a world of its own. These areas offer a mix of apartment complexes, condos, and single-family homes that cater to different lifestyles and budgets.
While not exclusively upscale, Winter Park features affluent neighborhoods with historic charm, upscale boutiques, and fine dining. Park Avenue is a central hub for luxury shopping and dining. These neighborhoods are sought after for their exclusivity, high-quality amenities, and convenient access to Orlando's cultural, recreational, and entertainment offerings.
Education and Higher Education options that fit for your family needs
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The Greater Orlando area offers many options for schools. Whether you choose a zoned, public school, opt for a charter school specializing in STEM or the Arts or a private school, there are many options to fit your family’s needs.
Private school options include: Lake Highland Preparatory School- offering Pre K-12 Bishop Moore. The First Academy Windermere Prep, Orlando Science Charter School Trinity Prep.
Central Florida is home to several top-rated colleges and universities, including the University of Central Florida (UCF), Rollins College, and Stetson University. UCF is the largest university in the state of Florida and offers over 200 undergraduate and graduate degree programs. Rollins College, located in Winter Park, is a private liberal arts college consistently ranked among the top regional universities in the South. Stetson University, located in DeLand, is another highly regarded private institution known for its strong programs in business, law, and music. Other notable colleges in the area include Valencia College and Seminole State College of Florida, which offer affordable education options for students seeking associate's degrees or career training programs.
Orlando, a golfer's paradise.
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With over 170 courses in the area, there is no shortage of options for golf enthusiasts. From world-renowned championship courses to charming public greens, Orlando has something for everyone.
The city boasts numerous golf resorts and clubs that offer top-notch amenities and services, making it easy for visitors to enjoy a relaxing round of golf. Whether you're a seasoned pro or a beginner just starting out, Orlando's diverse golf scene offers an unparalleled experience that will leave you wanting more.
Some of the most amazing courses are in Orlando. A few stand outs include:
Waldorf Astoria Golf
14200 Bonnet Creek Resort Lane, Orlando, FL 32821 Telephone: 407.597.5500
The Ritz-Carlton Golf Club at Grande Lakes Orlando
4048 Central Florida Pkwy Orlando, FL 32837-7662 Telephone (407) 393-4900
North Shore Golf Club
11507 NORTH SHORE GOLF CLUB BLVD ORLANDO, FL 32832 (407) 277-9277
Orange County National Golf Center and Lodge
16301 Phil Ritson Way, Winter Garden, FL 34787 (407) 656-2626
Celebration Golf Club
701 Golf Park Drive Celebration, FL 34747 (407) 566-4653
Timacuan Golf Club
550 Timacuan Blvd, Lake Mary, FL 32746 (407) 321-0010
Premier Tennis Facilities
The United States Tennis Association has its national campus here in the City Beautiful. USTA Orlando is one of the premier tennis facilities in the state of Florida. With over 100 courts, both indoor and outdoor, players of all skill levels can find a court that suits their needs. The facility also offers a range of programs for juniors and adults, including private lessons, group clinics, and leagues. The staff at USTA Orlando are knowledgeable and passionate about tennis, providing top-notch instruction and support to help players improve their game. Whether you're a beginner or an experienced player, USTA Orlando has everything you need to take your tennis skills to the next level.
USTA National Campus
10000 USTA Blvd. Orlando, FL 32827 (407) 675-2500
ustanationalcampus.com
Lakes for outdoor enthusiasts
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Central Florida's waterways offer endless possibilities for outdoor enthusiasts. Kayak or canoe through the calm, crystal-clear waters of the Wekiwa Springs State Park. Take a dip in one of the many freshwater springs or go fishing on Lake Apopka, one of the largest lakes in Florida. For those seeking a more thrilling experience, hop on a jet ski or speedboat and feel the wind in your hair as you race across the waves. And don't forget to visit Orlando's iconic theme parks, which feature water attractions for all ages. No matter what kind of aquatic adventure you're looking for, Central Florida has it all.
Enjoy the Beaches in Just A Short Drive
Just a short drive from Central Florida, there are plenty of opportunities to enjoy the beaches. Cocoa Beach, located just an hour's drive from Orlando, boasts beautiful white sand and is a popular spot for surfing. New Smyrna Beach, also within driving distance of Orlando, is a great destination for families with its calm waters and wide stretch of sand. And if you're willing to venture a bit further, Clearwater Beach on the Gulf Coast offers stunning sunsets and crystal-clear water perfect for swimming or snorkeling. So while Central Florida may not have the typical beach scene, there are still plenty of options for those looking to enjoy some time in the sun and surf.