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Posts Tagged ‘vacation rental units’

Disney World Condos

Wednesday, January 6th, 2010

I recently did a search on the internet for Disney World Condos. What I was looking for were vacation condominium units for rent that were in Disney World. After 30 minutes of research looking at a lot of attractive condos, I became frustrated for not a single one of the projects weren’t inside Disney World. This is a fact…there are no condo units that have been constructed as yet on Disney World’s property.

When the city fathers came to task with vacation homes and condos in the Disney World market area…they determined for zoning purposes that vacation rental units should be all located in the south and east of the parks. That being said there are over 30,000 such units that have sprung up since 1995. Interestingly enough, the condo and private vacation home with pool is the fastest growing segment of the Orlando lodging industry during this time frame.

Disney World Condos come in all sizes but the majority of them are either two or three bedroom units. There are some larger four bedroom condos but they are few and far between. The average price of these units sold for $250,000 to $350,000 back in the 2004 to 2007. Since that time due to the recession and the bursting of the real estate bubble in 2007 and 2008, there has been very little in construction activity of this popular product.

Quite frankly, it is extremely difficult today to get a mortgage on any form of vacation home or condo unit. This fact gives you and indication that if you are looking for a brand new vacation condo, near Disney World you will be looking for a rental property that was constructed in 2004 to 2006.

We are quite fortunate to have a number of two and three bedroom units in Terrace Ridge, Winwood Bay and the first-class Fountains Resort. All of these are inside of 14 minutes to Disney World’s Main Gate. Check them out, you will be impressed with the accommodations and the exceptional low rates.

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