reunion resort real estate

Why Central Florida’s Luxury Homes are Thriving

By Kev
At Mar 10, 2017

Luxury Custom Home at Reunion Resort

The McNally team has never experienced such a demand for high end luxury homes, despite a rising trend on construction costs!
‘New build’ luxury communities are progressing well and Central Florida’s custom home market has never been so healthy.
Our marketing team are confident that they know why!

Despite a slight reduction in overseas visitors dues to foreign currency rates falling against the dollar, the domestic economy is booming both nationally and locally.
This is driving the biggest demand for large custom homes, as the North American buyers become increasingly aware of the ‘hidden gem’ investment communities such as Reunion Resort.
With its unique ‘short term rental’ zoning, Reunion’s large luxury mansions are no longer a secret.  The word is out that the return on investment is strong.
With what we would describe as ‘serial owners’, we are seeing our previous clients come back for second homes and more.
Structured correctly, with the right product, owner investors are experiencing mid 20% ROI.
All with the benefit of a place they can use themselves for their own vacations!
Ryan McNally – Vice President of McNally Construction Group

The vacation rental market isn’t all that ‘drives the thrive’ within Central Florida’s construction industry.
The world’s theme park capital is also experiencing an unprecedented boom in investment.

  • A whole new water park is emerging in 2017 at Universal Studios (Volcano Bay)
  • Animal Kingdom is reinventing itself as a night time show venue
  • Pandora: The land of Avatar will debut this summer
  • Disney’s Star Wars Land and Toy Story Land are under development at Hollywood Studios
  • Margaritaville Resort is being developed by the 192 area of Formosa.
  • The USTA National Tennis Centre will be calling Lake Nona home shortly
    Kevin Maw – Marketing Manager at McNally Construction Group

The effect of those investments within the region is already creating the next wave of exclusive permanent residential homes.
More than ever, Investor/executives that are going to be calling Florida home.
After all, with year round warmth, unrivaled leisure and entertainment opportunities, we cant think of any place better to be!

Further reading that you will be interested in;

 

Contact Florida’s best Custom home builder for more details.

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Reunion Resort – A Unique, Luxurious Resort & One of a Kind!

By Kev
At Dec 13, 2016

excitement-drive-elevation-artist-rendering

A good first impression can work wonders.

—  J. K. Rowling  —

First impressions run deeply and often influence future decisions more than any other stage of an experience.
When guests enter the magnificent Reunion Resort, a magical bond is inevitable.
Beautiful landscaping, irresistible golf courses and stunning luxury vacation homes are bound to impress immediately.
There’s no illusion, that Reunion Resort is a destination of choice for affluent owners and their guests.
The beauty of Reunion Resort is instantly apparent, but the reason for the communities surging popularity requires a little more explanation.

Reunion Resort Quick Facts

  • Located in Kissimmee, FL
  • 5 miles from Walt Disney World – Approximately 12 minutes’ drive
  • Communities generally have a requirement not to rent for less than 7 month terms.
    Reunion was conceived with short term rentals in mind, making it completely unique.
  • 3 PGA Golf courses – Watson – Palmer – Nicklaus
  • 10 resort pools and 5 acre water park
  • Tennis facilities
  • 4 main restaurants/bars
  • Located within easy access of I-4 and 192 routes
  • Good local stores and restaurants

Reunion Resort – Short term/long term rental
No other community within Central Florida permits owners to rent their houses by the week.
Reunion on the other hand, benefited from special zoning that creates a unique opportunity for homes to be purpose built for short term rental investment.
In fact, it would be very difficult to identify any luxury community elsewhere in the USA that has that element of flexibility.
Owners can use the home as a private second residence, place it into a lucrative rental program, or make the community their primary residence.
Of course, there’s freedom to cycle a home back a forth between short term and long term rental.  That flexibility is perfect for owners that are planning to relocate or travel more frequently to Florida.
(With Walt Disney World on your doorstep, owners are never short of friends and family dropping by!)

High quality real estate
Many developments claim to be unique and ‘the best’.
Reunion Resort is often marked as such, but, arguably with good merit.
With a sprawling road network, the golf courses from the ‘master plan’ for Reunion Resort.
Homes enjoy golf course and conservation views rather than ‘back to back’ outlooks from the pool decks.
Within reason, owners can work with one of 5 Reunion approved builders to create highly customized homes within the resort.
Lots can be purchased as single lots from 35ft to 55ft wide, typically 160ft deep.
Many of the larger homes are situated on ‘double lots’ to create a mansion like elevation.
Homes range from 2700sqft to 30,000sqft under air.

Rental Program – ROI
Although returns on investment vary, owners of larger, luxurious homes are experiencing ROI well in excess of 25%.
Emphasis on décor, home theaters, games rooms and themed bedrooms are key to maximum return.
A number of reputable property managers, interior design companies can be recommended prior to ensure that the home gets the greatest possible occupancy and subsequent returns.

High Rental Returns – At Very Competitive Nightly Rates
A couple staying at the Four Seasons Orlando resort will average $300/nt in low season for a very basic hotel room.  Often families will book 3 or 4 rooms for a family vacation.
In Reunion Resort, guests can rent the highest specification mansions, complete with bowling alley, home theater, games room, Turkish bath, huge pool decks and spacious gourmet kitchen for less $84/nt per person in low season when fully occupied with guests.
Far more freedom, space, privacy and fun than the hotel suite.
Guests tend to relax and enjoy the home in between park visits, providing a better vacation experience, and repeat bookings.

Why is Reunion Resort so Unique?

  • Reunion is so close to Walt Disney World, you can enjoy the daily fireworks from the rooftop restaurant within the resort.
    Real estate simply won’t be developed again near Disney World on such a grand scale.
    Travel time into the theme parks is a key factor for vacationers, and Reunion Resort does not disappoint.
  • 3 PGA Golf courses not only set the scene for the community, but they offer a golfer’s paradise all year round.
  • VIPs and wealthy guests seek out Reunion Resort for their vacations and the peaceful, private resort offers privacy to all.

What are the risks of investing in Reunion Resort?

Q: Will Reunion be over supplied with luxury homes?
A: The larger homes at Reunion Resort are in extremely high demand.  Even if the larger lots were all built out, the growing awareness of the luxury mansion style homes is growing.   The huge potential domestic market in North America is becoming increasingly aware of a product that has been very popular with UK and Canadian visitors.
Annually the region is currently experiencing 3% growth on tourism figures of 60 million.

Q: What size home is best for vacation rental home investors?
A: Due to a limited supply, the 8 bedroom and above homes are experiencing the highest occupancies and best nightly rental rates.

Q: What special features make a difference to bookings, rates and occupancy?
A: Great finishes, modern decor, themed rooms, great media rooms and home theaters, attractive and fun outdoor living spaces, games rooms and play areas.  An imaginative and creative approach will reward owners

Q: If I put in the best possible finishes and materials, will I get a good payback?
A: Great finishes are important for rental guests and owners, but we always advise spending wisely when we make selections.

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