Erica Muller

If you’ve spent any time shopping for a vacation condo in Kissimmee lately than you’ve most likely run across a community called Legacy Dunes Condos. With prices starting in the $25,000 range you just can’t resist the urge to click on the picture and get more information. You’re first thought upon looking at the appealing photographs of Legacy Dunes may be, “Wow! Why are these so cheap? What’s the catch?” and you’re instinct is to click on the “get more info” buton. Allow me to save you the time and hype and lay it out on the table for you:

Why are Legacy Dunes Condos in Kissimmee So Cheap?

Reason #1: Legacy Dunes Condo Association Fees are Very High for What You Are Getting
Now I’m not against Condo fees like some of you may think, I am all for them when they are within reason but Legacy Dunes Condos not only charge high condo association fees but they don’t even justify it by including much. The condo fees cover the common areas, and trash removal. . . don’t all cheer at once. The fees are different per floor plan however paying almost $200 per month for a 1/1 600 sq ft condo probably doesn’t excite many Kissimmee home buyers.

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Read The Full Article on Why Legacy Dunes Condos are So Cheap

Originally Posted at: www.ThePinkFlamingo.info

I'm not one to talk about hype or anything like that but I felt compelled to write this post for those of you who may be considering purchasing a bank owned townhouse in Regal Palms but may be hesitating or waiting for prices to drop even more. I have spent the past two weeks showing property almost everyday in Regal Palms and the past year watching the Regal Palms pricing and market, I can finally say that now is the time to buy in Regal Palms. The bank owned properties are reaching all time lows in the 60K range. Most of the bank owned townhouses in Regal Palms that are coming on the market are the smaller floorplans (1400 sq ft) and they aren't flying off the shelf (but are still selling). It's the larger floorplans (1800-2000 sq ft) lock out units that are going under contract almost within days of being listed.

Regal Palms Townhouses in Davenport, FL

I just talked to the listing agent of one of the bank owned 2000 sq ft units in Regal Palms, I had a buyer who wanted to place an offer, and she said that before she could even get updated photos and market the listing online she has multiple offers on the property. It pretty much flew off the Regal Palms real estate shelf in a matter of 48 hours. The other 1800 sq ft lock out townhouse was gone within a few weeks and seemed to get multiple offers all at one time. When it rains it pours in Regal Palms. My advice to any buyers hesitating or waiting to put an offer in on a Regal Palms Townhouse is to strike while the iron is hot. These townhouses are a hot ticket right now, buyers are reacting to the the all time low prices and I predict than when summer comes and the real estate market in Davenport picks up that the Regal Palms bank owned inventory will start to clear out.

I don't foresee prices dropping much more on the bottom end units that are alreadyi n the 60K range. I do think that some of the townhouses priced above $150,000 will be forced to reduce their pricetag over the next six months but I would be very surprised to see the lower priced twnhouses (Under 80K) drop anymore than they already have. It's turning into a bidding warzone and buyers are acting. So if you've considered a Regal Palms purchase you may want to take advantage of the current low prices.

View All Regal Palms Bank Owned Townhouses For Sale

Originally Posted at: www.ThePinkFlamingo.info

This Disney area golf course community list was created for my fellow Orlando golf lovers, there's nothing like owning a vacation home and looking out onto the golf course while you sip your morning tea. The only thing better than a gorgeous view of an Orlando golf course is to look out onto the ocean but since we are at a loss for salt water here in Central Florida the golf course is the next best thing.

Best Disney Area Golf Course Neighborhoods

Highlands Reserve in Davenport, FL

The Highlands Reserve development includes a championship 18 hole (par 72) public golf course, a large communal swimming pool, a children's play area and tennis courts. The Highlands Reserve clubhouse features a pro-shop and serves snacks and drinks. Highlands Reserve Golf Club

All Highlands Reserve Homes are set on generous plots and are not all crammed together as is found on many other developments. Most Highlands Reserve Homes benefit from conservation or golf course views, fully taking advantage of the beautiful setting at Highlands Reserve. Right now you can get an amazing deal on bank owned golf front homes in Highlands Reserve starting in mid $160,000 range. The low Highlands Reserve Homeowners Association fees of $480 annually also make it a smart Davenport vacation villa investment choice.

Highlands Reserve Golf Front Homes For Sale

Reunion Resort in Reunion, FL

Forget the water park, spa and tennis, the Reunion Resort offers not one, not two but THREE championship golf courses designed by by Arnold Palmer, Tom Watson and Jack Nicklaus. You can also improve your swing at the ANNIKA Academy at the Reunion Resort. Reunion Resort Golf Club

The Reunion Resort is made up of several smaller developments within the community such as Terraces at Reunion, Villas at Reunion Square, Reunion Grande and several others. So what does it cost to live in paradise? The cheapest bank owned Reunion home is starting in the high $120,000 range and monthly Reunion dues can range upwards of $400 per month. A small price to pay for this kind of luxury.

Reunion Resort Golf Community Homes For Sale

Artisan Park in Celebration, FL

Artisan Park in Celebration does not have any exclusive rights to the Celebration Golf Club but shares it with the public and many of the other Celebration neighborhoods such as North Village, Celebration Village, South Village, East Village, Lake Evalyn, Roseville Corner and Aquila Reserve. The Celebration Golf Club is a public 18-hole golf course designed by Robert Trent Jones Sr., and Robert Trent Jones, Jr., the par-72 Celebration Golf Course is 6,865 yards from the black tees and includes a 16,500-square-foot clubhouse designed by Cooper, Robertson & Partners. A three-hole youth practice course and aqua range are also open.

Artisan Park Homes For Sale

There are many bank owned home deals to be had right now in Artisan Park which is Celebrations newest community. The exclusive community of Artisan Park has its own luxury clubhouse which members enjoy exclusively. Some of the luxury amenities of the Artisan Park clubhouse include: 25M Lanes for fitness swimming and water Aerobics, Fully equipped fitness center, Spa and Hot Tub for relaxing socially or after a workout, Bar and Grill, Great room with fireplace and 2 large plasma TV's, High Speed Internet Connection, 2 Billiard/Pool Tables and Private Conference rooms for meetings or for dining. Aside from this the Artisan Park club hosts community social events, classes and activities throughout the year.

Celebration Homes for Sale

Originally Posted at: www.thepinkflamingo.info

The criteria that was used to evaluate these homes as the best bank owned deals in Reunion was price, value, square footage and condition of the home. There are currently 24 bank owned properties in Reunion ranging in price from $129,000 up to $1,150,000 but only these six home were hand picked by the Flamingo so you can have first choice of the best bank owned Reunion Resort properties.

1. 7630 HERITAGE CROSSING WAY # 102

Price: $129,900
Type: Condo
Sq Ft: 1344
Why it's the Best Deal: This one is simple, it's the cheapest bank owned condo in Reunion and it's in great condition. The HOA fees are a bit steep at $422 per month but when you consider that the building insurance is covered in that it makes it a better value.
See Full Profile and Photos for 7630 HERITAGE CROSSING WAY # 102
Search All Reunion Condos For Sale

2. 837 ASSEMBLY CT

Price: $159,900
Type: Townhouse
Sq Ft: 1686
Why it's the Best Deal: This townhouse is a hot price for that square footage in Reunion. We love that it's bank owned and the bank is ready to play ball on this one. The interior of the Reunion townhouse is very clean but it's mostly carpeted in the living areas which I am not a fan of. At this price you can just rip up those ugly carpets and install tile.
See Full Profile and Pictures for 837 ASSEMBLY CT
See All Reunion Townhouses For Sale

3. 1409 FAIRVIEW CIR

Price: $279,900
Type: Single Family House
Sq Ft: 2296
Why it's the Best Deal: It's the best priced bank owned pool home in Reunion and surprisingly the interior of the home is not too shabby. It's upgraded with tile and nicer appliances and for sitting vacant so long it's in good shape. We like that it has two porches and lake views and quite frankly don't understand why anyone would pay more for a non-bank owned home like this in Reunion when you can get this baby under $280,000.
See Full Profile and Pictures for 1409 FAIRVIEW CIR
See All Reunion Single Family Homes For Sale

4. 7412 DEVEREAUX ST

Price: $364,900
Type: Single Family House
Sq Ft: 2478
Why it's the Best Deal: This home has bedrooms and we mean bedrooms! It has five to be exact and when considering using a Reunion Resort Home as a vacation rental you're going to want bedrooms. You can maximize bookings with the extra space and create more booking potential. It also has a pool and a great floor plan making it perfect for not just bookings but a primary residence as well.
See Full Profile and Pictures for 7412 DEVEREAUX ST
See All Reunion BANK OWNED Homes For Sale

5. 115 WATSON CT

Price: $599,900
Type: Single Family House
Sq Ft: 3733
Why it's the Best Deal: If you like large estate homes in resort communities than stop reading this right now and come check out 115 Watson. The Pink Flamingo knows luxury estate homes and we know that this Reunion Resort estate home is such a flaming hot deal that we should call the fire department (okay so that was cheesy we admit). This is one of the best price bank owned estate homes in Reunion right now and is perfect for a luxury vacation home rental or corporate home rental.
See Full Profile and Pictures for 115 Watson Ct
See All Reunion Resort Estate Homes For Sale

6. 7401 GATHERING CT

Price: $894,900
Type: Single Family House
Sq Ft: 4742
Why it's the Best Deal: Here it is, the mother of them all. The largest bank owned home in Reunion. The perfect luxury vacation home retreat and even better it's golf front. Pull up a chair and watch the pros play in the yearly Ginn open right from your backyard in this Reunion mini-mansion. This home is just too beautiful to be sitting around vacant. I do anticipate the price being a bit high however, the bank will entertain ALL offers.
See Full Profile and Pictures for 7401 Gathering Ct
See All Reunion Resort Bank Owned Estate Homes For Sale

Originally Posted at: www.thepinkflamingo.info

I was recently consulting with a homebuyer who asked me a very good question that I think many people often don't consider when buying a home in the Davenport and Kissimmee areas. She asked, "What's it like living in a primarily short term rental neighborhood?". That is such a great question for so many reasons. I'm going to list some of the pros and cons that I think every home buyer needs to consider before buying their primary home in a popular vacation home rental community.

Kissimmee and Davenport Vacation Home Neighborhood Pros:

• The chances are very high that your neighbors won't be around to bug you much
• The community amenities such as the pool and tennis courts are usually kept up very nicely and often offer more amenities than non-STR communities
• The surrounding homes are usually kept up in good condition because of the management companies managing them
• Usually there are many nearby activities within short driving distance and you're close to all the attractions.

Kissimmee and Davenport Vacation Home Neighborhood Cons:

• Because your neighbors are so transient it's hard to make friends and develop any type of friendly relationship, that's especially tough for children who depend on neighborhood friends
• The neighborhood community pool is usually more crowded than at a non STR community as are the other amenities
• You will usually have alot of extra traffic coming in and out of your vacation home neighborhood like management company vans, concierge type companies, taxi's etc.
• Local grocery stores tend to get very crowded and during certain times of the year you will notice alot more traffic than the others.
• There tends to be a higher rate of crime due to many of the homes sitting vacant for so long

Though these factors listed above are important to consider it should not hold too much weight on your decision. There are many people living among communities that are shared with short term rentals and they are very happy. If you love the home and you can live with the possible downfalls of sharing it with property management companies and tourists than don't let all the nay sayers get you down. Enjoy the fact that you got a good deal and focus on the positives.