Winter Garden Village has a New Owner

Winter Garden Village has a New Owner

Do you live the Winter Garden area of Florida? Well then you probably shop at Winter Garden Village, West Orange County’s 161 acre signature retail development. You also may be interested to know that this retail development of Winter Garden Village now has a new owner. It’s the largest retail transaction so far for 2014 close to the tune of $251 million worth of retail investment sales in Central Florida.Winter Garden Village has a New Owner

The new owner is DDR Corp. DDR Winter Garden LLC, which is an entity related to the Beachwood, Ohio based real estate investment trust (NYSE: DDR), spent $196 million to buy the 1.1 million square foot Winter Garden Village at Fowler Groves from Cole MT Winter Garden FL LLC and Spirit MT Winter Garden FL LLC on the 19th of July as indicated by Orange County records.

Available space for lease is being marketed on the website of DDR. Since this is the biggest retail transaction so far this year, it’s a good indicator that investors are willing to spend the big bucks on Central Florida real estate such as Winter Garden, Minneola and Clermont areas near Orlando.

In addition to this, the new owner could put more capital towards improving and/or developing the property. It’s also notable that this transaction has occurred just five years after the seller, a subsidiary of Phoenix based Cole Real Estate Investment, bought the open air lifestyle center for $180.4 million from a developer known as The Sembler Co.

For more information on Orlando and surrounding areas, please check out the following links:

– What to do When Your Offer is Rejected on a Home in Clermont

– Inspections to Have on a Lake Front Home in Clermont

– The Inspection and Walk Through – What to Look For

Lake Minneola Scenic Trail

Lake Minneola Scenic Trail

Are you looking for something to do this weekend with your family in Clermont, Florida? How ’bout hitting the trail? You’ll love it and the next time someone tells you to go “take a hike” you’ll be more than happy to and know exactly where to go!

The South Lake Trail mainly known as the Lake Minneola Scenic Trail is only about 20 miles west of Orlando and takes in some of central Florida’s most breathtaking views. This seven mile paved trail is the place where you’ll find the most hills, lakes and wide open vistas in the region.  This trail is perfect for biking, walking, inline skating and is also wheel chair accessible.

Additionally, the trail is only five miles from the West Orange Trail and soon there will be plans to connect the two. At the midpoint of the trail, signs point to a 0.25 mile spur for the Minneola trailhead which is a great spot to park your vehicle.

Lake Minneola Scenic Trail

Near Lake Sumter Community College on North Hancock Road is where the trail starts on top of a hill. When the weather is good and the sky is clear you’ll take in spectacular views of the region including the span between the lakes to the Orlando skyline. What could be better? The first two miles of the trail move down hill toward Lake Minneola in  Clermont and are pretty easy. Streetlamps allow for good lighting and use of the trail at night time.

The trail skirts the south shore of the lake, providing for excellent scenery. Clermont Public Beach boasts refreshingly cool water and convenient trail side amenities including restrooms, picnic tables, and parking. The last mile of the trail wraps around the lake to the western trailhead.

Should you take any of the side streets leading away from the lake, you’ll end up at various shops and restaurants in downtown Clermont.

See Also:

– What to do When Your Offer is Rejected on a Home in Clermont

– Inspections to Have on a Lake Front Home in Clermont

 

 

Homes Near Golf Courses in Clermont, Florida

Homes Near Golf Courses in Clermont, Florida

Living on or near a golf course is a dream for many. Often, through each window of a golf course home, the best vistas are available of lush maintained greens. Another perk of golf course living is that the homes are usually situated so that direct neighbors are not visible, but rather views of the fairway. Additionally, if you’re a golf enthusiast, there’s nothing better than having your dream playground right in your own backyard. Clermont, Florida offers a couple of options for realizing the dream of living near a golf course.Homes Near Golf Courses in Clermont, Florida

The challenging, fun, scenic and tranquil Green Valley Country Club is a wonderful option just two miles west of Clermont. The course is open to the public and surrounded by dozens of gorgeous homes and stunning estates with prices starting at around $120,000 on up to over $300,000. Residents enjoy the lush facility and par-72 championship layout that is a vintage Lloyd Clifton design. Here, there’s a full practice facility and a pro shop.

Legends Golf and Country Club is another great option for the Clermont resident looking to live near the green. Legends Golf and Country Club overlooks the beautiful rolling hills of historic citrus groves in one of the most charming parts of Orlando. This is a dream community where you can relax by the pool, enjoy an afternoon with friends, neighbors or family while playing golf or tennis, spend a much needed day at the spa or just enjoy the views from your lovely home.

In this gated community, you can practice your skills on the 18 hole, par-72 green, enjoy the clubhouse or walk on over and check out the Legend Grille and Tavern. There’s also a pro shop, fitness center and media and event rooms.

Come check out residential opportunities in Clermont near your favorite golf course today!

 

Holiday Events in Minneola

Holiday Events in Minneola

Minneola, Florida is a very festive place to be during the winter holidays. Check out these great events in the Minneola area.

Wine and Chocolate Festival happens on December 15th in Clermont at Lakeridge Winery. Enjoy chocolate and wine while local artists and crafters display. Live music by amazing bands can also be heard at this fun event.Holiday Events in Minneola

New Year’s Eve at Universal CityWalk® begins at 8:00pm on New Year’s Eve at City Walk at Universal Studio. You’ll enjoy decadent food and astounding entertainment at the party everyone has been waiting all year for! There will be six different party zones and Orlando’s biggest outdoor dance floor! Come ring in the new year right!

Orlando Fashion Square Christmas Parade will be December 15th at 5:30 in historic downtown Orlando. This is their 81st edition of this parade!

Christmas Eve and Christmas Day come to Capone’s Dinner and Show in Kissimmee, Fl. Every paying guest will receive a free etched glass souvenir. You’ll enjoy a holiday dinner buffet, endless Bud Light, and amazing dessert. Price does not include tax or gratuity.

NYE 2014 Party happens New Year’s Eve of course starting at 9:00pm at Howl At The Moon in Orlando. There will be a rocking dueling piano bar and just dance tickets that do not include seating or food package start at $65.

Rosen Plaza Christmas Day Lunch Buffet 2013 will be at 12:00pm at Grand Ballroom at Rosen Plaza Hotel. Give your family the gift of a day out at this exciting event. Holiday favorites will be served as well as some special items. There’s sure to be something for everyone on the menu and you’re sure to love the desserts and complimentary wine!

These are just a few of the amazing events happening during the holidays in the area. Come check some out and have a very merry Christmas.

 

Winter Garden Real Estate Values

Winter Garden Real Estate Values

Winter Garden is located just a few miles outside of Orlando just South of Lake Apopka and covers quite an extensive amount of land from paradise Heights South to Windermere and Lake Hancock. It covers waterfront and lakefront Winter Garden Real Estate Valuesproperties, lots and land for sale as well as condominiums, townhomes and manufactured properties. Currently there are about 1300 homes for sale within the town of Winter Garden priced from $12,000 for lots and vacant land to a beautiful single-family home with over $3 million. Of course there are plenty of homes for sale between that huge range.

Currently the median listing price is about $243,000 and the average listing price is about $338,000 which is down a couple of percent over last month at this time which is normal for this time of the year. The median sales price however is up 15.6% over last year at this time which is equal to $27,750 topping out at $206,000.

Currently we have more foreclosures, bank owned and short sales on the market than owner/seller properties which certainly means that buyers are apt to get a really great deal on a home in Winter Garden.

The median sales price for Winter Garden hit its peak in 2007 topping out at $366,000. It wasn’t until the middle of 2012 that the market really started to turn around and has been creeping upwards over the $200,000 mark since 2013. The lowest price was in 2011 which was at about $180,000. The number of sales hit its peak in 2005 with about 750 sales per month. The lowest was in 2008 over the last 10 years at about 150 homes sold per month. Currently we are at around 200 homes sold each month in the Winter Garden area.

If you’ve been wondering what your value currently is on your Winter Garden home or surrounding communities call me anytime. We can run over some preliminary numbers or I can do a complete an extensive background check to find out exactly what your home would sell for today should you list it. I look forward to speaking with you soon. Image from Local MLS

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