How many times have you said to yourself, "If only I could live here in Walt Disney World..." Well, now you can. The Walt Disney Co. is building a gated community on property at the Resort. The prices will range from $1.5 million to $8 million. 30 of the properties will be available for purchase this year at the 980 acre Golden oak resort community. The goal is to sell approximately 450 homes, each ranging from between 1/4 of and acre to 3/4 of an acre.
In the development, there will also be a Four Season Hotel, clubhouse, a concierge and access to Disney's facilities. About half the acreage will be used as a "conservation area."
While this may seem like a dream for most people, the housing market in Florida has dropped considerably. The state had the nation's third-highest foreclosure rate as of May, and the average price of homes dipped more than 43%.
The Walt Disney Co. says that they hope to have the first homes constructed by next year.
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