You can still have the Florida dream for under US$100,000
It’s true that real estate prices in sunny Florida, USA, are steadily rising. In fact, they have increased for 33 months in a row, according to the latest August 2014 data from Florida Realtors - but there are still plenty of bargains to be had.
For those on a tight budget, superb holiday homes, buy-to-let properties and retirement real estate in the heart of the Sunshine State can still be snapped-up for under US$100,000 (£62,200) – and in some cases for around half as much!
All the value-for-money properties listed by Feltrim are within easy reach of Florida’s famous theme parks, including Disney, Universal, SeaWorld and Legoland, golf courses and sought-after coastal resorts.
Garrett Kenny, Chief Executive Officer of leading developer and real estate agency, Feltrim Group, says, “Florida property is still incredible value and bargains can still be found for well under US$100,000. Whether your dream is to move to Florida, retire here, have unforgettable holidays or provide rental income, you are sure to find a property that suits you. But as with all real estate purchases, do your homework and consult with professional advisers.”
Here is Feltrim’s pick of five fantastic Florida buys for under US$100,000:
Park Lake at Parsons, Brandon
Price: From US$56,995 (£35,725)
One-bedroom condo
The Park Lake at Parsons condominium development is in the growing community of Brandon, close to Tampa. It offers yields of up to 10.5% net and a one-year rental guarantee, so Park Lake at Parsons is ideal as a buy-to-let investment or a cost-effective holiday home. With professional tenants in place and free management included for 12-months, this is the worry-free way to real estate rental.
The waterfront community, on a beautiful 10-acre lake, is across the street from Brandon Regional Hospital and within easy reach of major highways. It features a lakefront pool, fitness center, community clubhouse, racquetball and tennis courts, billiards room and more. Delancey Drive, Davenport
Price: US$65,000 (£40,800)
Three-bedroom bungalow
A large bungalow for the price of a condo! Built in 2005, this three-bedroom two-bathroom 1,768-square foot home is a foreclosure that requires some modernization and refurbishment, hence its bargain price.
It is ideal for a family or as an investment this property, as it has the potential to achieve a 13% net rental return after costs and taxes. The Davenport bungalow is just three miles from the main interstate I-4, 20-minutes from Walt Disney World 30 minutes from downtown Orlando. Maxey Drive, Winter Garden
Price: US$65,000 (£40,800)
Three-bedroom single family home
This newly-renovated 1,132 square foot single family home is in the Bay Street Park area of Winter Garden on the southeastern shore of Lake Apopka, 14 miles from downtown Orlando. The great-value home has a full-size bathroom and 6,000 square foot garden.
The charming city, which is famed for its fruit growing, has grown from a population of around 15,000 in 2000 to 27,700 in 20013 and was among the top 20 fastest growing suburbs in the United States identified by the Forbes.com website.
Walden Circle, Orlando
Price: US$80,000 (£50,000)
This second-floor, two-bed 1,020 square foot condo at Walden Palms, is part of a community of around 400 individually-owned units near Millenia Mall and Universal Studios. It is a perfect buy-to-let choice, as management services are available.
The community also boasts a 3,000-plus square foot clubhouse, a fitness center, two swimming pools and a spa pool, tennis and volleyball courts, two laundry rooms and a car care center.
Bahama Bay, Davenport
From US$92,000 (£57,750)
Three-bedroom condo
This stunning Caribbean-style resort is popular with holidaymakers and close to Disney, theme parks, shopping and other Orlando attractions. A fully furnished three-bedroom, two-bathroom condo costs just US$92,000.
The 70-acre gated resort on lovely Lake Davenport includes three swimming pools, a fitness center, spa/salon and clubhouse, tennis courts, fishing pier, water access.
For more information, visit feltriminternational.com.
