293 residences have just been put up for sale in the city of Orlando by the company BTI Partner. They are located at The Grove Resort & Spa west of Walt Disney World .
The opening of the Marquee Tower occurs when BTI opens the $ 20 million Surfari Water Park, the last resort of this new complex.
“The Marquee” is the second tower to open since March 2017, when the first tower of the complex was inaugurated. The third and last tower is scheduled to open this year. The Marquee and Premier towers have a total of 585 residences of two and three bedrooms.
The units of the Marquee Tower range in size from 111,485 square meters, up to 144 square meters and were designed to provide the comfort of a home away from home. The luxury holiday homes, which come furnished, enjoy all the amenities and services of the complex.
The residences are priced at $ 280,000 at mid $ 400,000. When the owners are not using the holiday home, the units can be placed in a rental program managed by one of the best hotel operators in the country, Benchmark.
Under the rental program, units are converted into hotel suites for the majority of families visiting the theme parks.
The demand for luxurious suites of high-end condominiums is increasing. The 292 residences of the Premier Tower were sold in less than one year in 2017 to national and foreign investors for a total value of almost $ 100 million.
“We did not expect residences to sell so quickly, but it makes sense,” said BTI associate managing partner Noah Breakstone, who is developing The Grove.
We are offering a unique opportunity to own a vacation home with an award-winning water park, three pools and all the resort amenities that families want to enjoy when they take a break from visiting Disney World, which is five minutes away from us. The Grove is attracting buyers from around the world to Orlando, as the region grows and the demand for investment opportunities heats up. “
In recent years, Orlando has become one of Florida’s preferred destinations for foreign buyers, including Brazil (14%), Canada (13%), Venezuela (10%), the United Kingdom (10%), China ( 7%), Colombia (5%), Mexico (3%) and Argentina (2%) according to the most recent report of the National Association of Realtors.
In general, the metropolitan area of Orlando represented 10.8% of foreign buyers in Florida in 2017, second only to the metropolitan area of Miami. The largest group of foreign buyers in the Orlando area came from Latin America, with 37%, followed by European buyers, with 22%.
“Regions like Asia and Latin America are increasingly becoming important players in the Orlando real estate market,” said Kevin Mays, director of Development and Construction at BTI.