"Golden Oak" Sales Begin Today
From today's Orlando Sentinel ~~
Disney begins pre-sales for luxury residential development
By Jason Garcia on June 23, 2010 at 7:35 am
Walt Disney World today begins pre-sales for homes in its “Golden Oak” residential development, a community of luxury homes being built on the northwest corner of the vast resort.
Prices for homes within exclusive enclave, which will be anchored by a Four Seasons luxury hotel, will range from $1.5 million to $8 million. The resort says it will put less than 30 sites for sale this year, though it projects Golden Oak will ultimately include approximately 450 homes.
Disney says interested buyers will have to make a refundable $25,000 deposit. Golden Oaks is being built on the former Disney’s Eagle Pines golf course.
The project is Disney’s most significant foray into residential development since it developed the town of Celebration. It will also serve a test of the appeal of luxury homes after a brutal slump – particularly in Central Florida – in home prices and sales.
"Golden Oak" Sales Begin Today
I agree with Ian in that the people who can afford to buy into this community (and the ones likely being marketed to) have not been hurt by the current economic crisis.
and...i like Celebration. I never can figure out the vehemence with which many respond to the mention of the town. I've talked to many college students who speak similarly about it. I'm wondering if there is a course or something where they are learning a perspective so negative.
anyway...I'm curious about the development of this new community and look forward to learning more. Thanks for the post ED.