The prices are extremely low, but you must be a cash buyer. Loans in this complex are not available to the best of my knowledge. The HOA has not changed for 2 years and some agents are not quoting the correct fee. Some agents are listing below the BPO..be careful of these low balls...you could wait a long time on these short sales...only to be disappointed.

Kathy's answer is not true, there are condo's inside of Heathrow zoned for HEathrow Elementary and Barclay place at Heathrow are also zone for Heathrow Elementary and Markham Middle.

I have read all of the comments about Notting Hill in Lake Mary and all of them are very true. However, it remains the only condo neighborhood that is zoned for Heathrow Elementary School. I have buyers that want that neighborhood (even with all of the issues) because of the zoning. Prices have never been better in my lifetime and interest rates are, well, I think my parents didn't even get an interest rate at what they are going for today.

I am a native Floridian and have always lived right here in Central Florida so if I can be of any help to you feel free to call me. 407-687-8712

Not unless you have cash and can wait around for a while for the prices to go up again. Notting Hill is not an FHA approved condo. Even conventional lenders are very skepticle of lending in there.

The Condo Association is on the verge of bankruptcy and they were having an emergency meeting to try and keep the water and electricity on in the common areas. I am not sure of what the outcome was. There are far better properties in the area, that will be a better buy. You can contact me at 407-339-6930.

Kathleenh If you want something smaller I would go into a true townhome community and not a condo conversion, it's nothing more then an apartment or a smaller single family home, both options give you the best resale value and each have their pro's. There are tons of new construction townhomes available, most of them that will keep your kids in the school districts you want. Please let me know if I can be of further assistance to you and your family or help you weight your options.

I would like to purchase a townhome in lake mary with good community amenities, if not Notting Hill what would you suggest? I am a cash buyer so mortgage is not an issue. I would like to keep my children in Markham woods middle and lake mary high school system. Looking to downsize from my large single family home.

I have to agree with most everyone else. You cannot get FHA financing and the chances of getting a conventional loan in that community have become slim to none. There are quite a few units priced under $75,000 and in good condition, but Notting hill has had the highest instances of foreclosures then any other development in Lake Mary and not to mention their HOA is hundreds of thousands of dollars in the hole.

You would only be throwing your money down the drain with a community like this. You are better served to stay in a townhome community versus a condo conversion. I see you are from New Jersey, Im unsure if you live in Lake Mary currently and looking for a primary residency or a second/vacation home. If you want to discuss the many options available I would love to take a few moments and review the area, the communities and pros and cons. I grew up in Lake Mary and spent the past 19 years here.

Ram,

Notting Hill is a community that was converted from apartments to condos several years back. When the market started to decline, the developer was unable to sell all the units as condos...so, there are about 90 units that are still being "rented" as apartments.

When I went in to show property in the community last month, there were two units that were priced at $125,000 or less, but that's because they were bank-owned and had black mold growing on the walls.

In my opinion, if you want to buy a condo/townhome...there are plenty of other communites that were built AS townhomes or condos for just as competitive prices and in much better conditions.

Lastly, because the community is not fully converted yet, it is not FHA approved...which means you need to have more money to put down as a conventional buyer.

If I can answer further questions for you, please feel free to call/text me at (321) 377-0157.

Not only do I work primarily in Lake Mary, but I grew up here too!

LaShawn Norden, PA, REALTOR, RE/MAX Central Realty
(321) 377-0157
LaShawn@LaShawnNorden.com

P.S. If you want to see the moldy pictures of Nottinghill unit, you can read my Blog in the link below. I took photos and posted them because I couldn't believe the condition.

Ram,
I did a quick Regression analysis on Notting Hill and found the Median selling price is $125K, last year at this time the median price was $152K. So you can see the drop, Remember that this is just a quick picture.Is it a good time to buy. With prices this low on you can make that decision. I would suggest looking into Bank-owned properties. These tend to be under priced. ( Although many have multiple offers that drive the price back up.
Good Luck
Realtor Rick.

Nope. Prices dropping make the worst time to buy ever. $200k house, 15% further drop - have fun losing $30k.