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Market Conditions in Celebration : Real Estate Advice

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  • Home Buying30
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Activity 12
Sat Feb 21, 2015
Bernard Scarpa answered:
34747 is a very large area. We have many communities in all levels of price, community features and so on. To get a better feel of what community you should invest in or live in. Contact me and we will go over your criteria so I can give you more details on what communities you will need to look into.

This is some information I normally give out.

INCOME PRODUCING PROPERTIES
Short Term Vacation Rental properties in the Central Florida
I HAVE BEEN AN INVESTOR FOR OVER 17 YEARS IN CENTRAL FLORIDA AND I HAVE
HELPED MANY OTHERS INVEST IN FLORIDA PROPERTIES. I HAVE HELPED BOTH
DOMESTIC AND INTERNATIONAL BUYERS AND SELLERS. I HAVE PERSONALLY
PURCHASED MANY SHORT TERM RENTAL INCOME PRODUCING PROPERTIES AND
RESIDENTIAL PROPERTIES IN THE AREA OVER THE YEARS.

I AM SURE I CAN HELP YOU FIND A PROPERTY THAT BEST FITS YOUR NEEDS AND
BUDGET. IT'S BEST TO ANSWER ALL YOUR QUESTIONS BEFORE WE START LOOKING
AT PROPERTIES.

Short term rental properties in the Central Florida area of Florida never have an off season. So rental properties in these communities make an income all year around. This makes your ROI (Return on Investment) much higher then your topical investment property. You will normally have bookings placed in the property every month of the year.
Let's look at it another way, if you are an investor and you purchased a property and rented it out by the year. What you would normally make by the month, short term rental properties would normally make by the week. So think about it, your return on your investment will be many times greater then your standard residential investment property. The only thing you need to worry about is blocking out your vacation dates before they get book to another guest.

Another important topic is what kind of income you will receive in all the different communities in the area. Every community close to Disney has a little different income ability. This is where I come in. You do not want to be too far from Disney when purchasing a vacation property.

Please contact me for more information on this subject by calling me at 407-572-3022 or by email btscarpa@aol.com or by completing the simple form below.

http://www.scarparealtypa.com/

Resort and Second-Home Property Specialist (RSPS) certified

Thank you
Bernard Scarpa
American Ideal Homes, LLC servicing all of your Florida Real Estate Needs.
Specializing in Income producing properties
Disney Florida Vacation Property Investment Specialist
Listing and Selling Specialist
Primary Residence Specialist
Office Hours are 7 days a week
9:00 Am to 9:00 PM EST
Cell # 407-572-3022
btscarpa@aol.com
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Fri Oct 18, 2013
Jeffrey Chase answered:
Ron,

As Celebration is unincorported on top you have Osceola County. The 2012 millage rate for Celebration was 16.18, which means means you pay 1.618% of the appraised value of your home in property tax. (About $1,600 for every $100,000 in appraised value). PLUS fire and chemical waste adds $160 per property.

Next is the Celebration CDD. CDD's are governmental bodies and there assessment is collected on your property tax bill. The amount will vary depending on when and where you property was built in town. Figure $1,100 to $1,200 per year. This is split 50/50 between paying off the CDD's bonds and maintenance.

Every property pays for CROA, the Celebration Residential Owners Assn. It's the Master HOA for the community. The charge for 2013 will be $836, PLUS $269.34 for trash removal. (Unilke the rest of the County, trash in Celebration is controlled by the HOA. Little wonder it's the most expensive in the county).

If the property is in Artisan Park, which has it's own private staffed clubhouse and pool, there is an additional HOA charge of $315 per quarter.

If the property is in one of Celebration's Condomiunium Associations (eg, Georgetown, Artisan Club, Carlyle, Siena, etc.), then there will condo fees. These vary widely from the $200's to the $600's per month.

Finally, the townhomes that are not part of condo associations (eg, Artisan Park Townhomes, Academy Row, Spring Park, etc.) are all organized into Service Areas. The fees for these run about $250 a month.

Hope that answers you question. Celebration can be a complicate palce to figure out.
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0 votes 2 answers Share Flag
Sat Jun 9, 2012
Alan Martin answered:
well not quite Zero

my sister in law purchase a red week ina 2 / 2 bungerlow on Orange Lake country club on e bal for $250 plus a smal closing cost fee. She is over the moon with it. ... more
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Thu May 19, 2011
Mark LeMenager answered:
Saad, what's the magic in zip codes 34747 and 34746? As already noted you don't get much for $85 in those areas. If it's purely an investment, then go east a few miles. I found 14 townhouses on the east side of Kissimmee and it St. Cloud for under $85,000 AND with HOA's of between $100 and $175 a month.

Can HOA's run $400 a month or more for a townhouse? Yes, they can. That's why you find a savy realtor to help you find the ones with low HOAs.

Interested? Fell free to contract me for more info.

Good luck,
Mark LeMenager
Find your next house with the click of a mouse.
Search the MLS without obligation or registration from my website.
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Mon May 16, 2011
Sange25_99 answered:
I recommend SanCan Property Management which is based in Kissimmee, FL. This is a full service property management company which includes advertising, booking, collecting payments, schedule cleanings, and guest emergency services. They are highly touted by all of their current clients. If you would like some more information or would like to contact SanCan Property Management, check out the link provided. ... more
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Wed Jul 21, 2010
Allison Stewart answered:
In order to get an occupational license (refered to as a tax certificate) you really need to confirm with Osceola County Tax Office. They may require you get a permit from the Zoning Board (located near the court house in Kissimmee) A BOA (Board of assessment) may be necessary. There are several different types of home businesses that are permissable and several that are not. Checking withthe County first would be the first step on any potential home business you are planning on opening. ... more
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Fri Mar 5, 2010
Mark LeMenager answered:
Almost 2 years later and sure looks like Robert and Steve called this one right. The amazing thing is that there has only ever been one resale at Mona Lisa and that was almost 2 years ago. Frankly I could never understand this place. The location is actually rather tacky. There is absolutely nothing that you can walk to, which sort of defeats the entire purpose of being in Celebration. Plus every once in a while they have to vent the sewers nearby and then the smell is over powering. Hope you never bought one Al. ... more
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Tue Jul 14, 2009
John Bennett answered:
Sharon Trulia has limited value for the purpose you require.

Your best bet is to find a local agent, one that looks at the raw data and can explain the information.
Example, you see low sales prices in one development and higher in another. What is the reason?

A Realtor in the local market should know why. Another words, this business is a lot more that
looking a raw data.

John
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Tue Apr 21, 2009
Karyn Smith answered:
You can work on roughly a dollar a square foot - I can put you intouch with the 2 people who do most of the rentals in Celebration if you like ? karyn@celebrationagent.com
0 votes 1 answer Share Flag
Fri Oct 3, 2008
Erica Muller answered:
Ted,

The market in Celebration and the entire areas surrounding Disney currently has one advantage that most of the Orlando market does not and that is the foreign investment market. Because Celebration is so close to Disney it attracts many buyers, mainly from the UK and Canada, that want to own what they refer to as a "holiday villa". They purchase it to use two weeks out of the year and rent it out to short term renters the rest of the year.

Celebration is a highly requested community among these buyers however, given the market and the flood of short sales/foreclosures currently available I can honestly say that Celebration is not the best deal from an investment standpoint. As you can see from the link I included, Celebration is over saturated with listings right now, most of which are not selling. The reason being is because you can get a single family home with a private pool that will book more weeks on average for the same price if not less than a condo in Celebration. If we're talking upper end homes you're more than likely going to need to attract end users who can afford to spend that kind of money right now and that's very few and far between.

My advice to you would be to not sell these properties right now but to hold them as long as you can. Celebration's values will go up when the market gets a bit stronger. It's a unique community that has alot of Disney appeal and if you can somehow rent it out for the next year or two and then reevaluate the conditions you will be much better off. Otherwise, it's just going to sit on the market empty with the rest of them despite how nice it may look on the inside.

Erica Muller

Active Celebration Listings (over 300): http://mfr.mlxchange.com/Pub/EmailView.asp?r=1149224932&s=MFR&t=MFR
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Sat Aug 2, 2008
Jacqueline Fortier - JC Penny Realty answered:
Diego,

It would be very difficult to do a blanket CMA for homes and condos in Kissimmee. There are resort communities mixed in with residential, gated, non gated etc.
If you have a certain property in mind, please feel free to give me a call. ... more
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Thu Jun 19, 2008
Robert answered:
When you mention Sienna and North Village you are talking about apartments that were converted into townhomes .
Sienna is much better than Georgetown, Georgtown has a perception problem being that it is in the North Village of Celebration which is the least desireable area and has a history of mold opportunities.
I have several deals in the works for Sienna properties as we speak.
The prices are very attractive and with the new Disney Vaction Club building going up right down the block, new renters should be in the market soon.
The biggest opportunity with Sienna townhomes are that within the three floor units there is no bathroom until the third floor.
Very poor design flaw from the start.
The prices are very attractive in the Sienna buildings and the Master association fee and the secondary association fee are lower than most conversions in town.
Besides the townhomes there are several other condo options in that facility.
I live in a true townhome built by ISSA and it represents what a real townhome needs to look and feel like.
Our fees are $228 per month plus the Celebration Association dues of $802 per year.
There are townhomes at Water Street ( downtown Celebration) that are now looking at $700 per month in maintenance fees and that is just plan crazy.
If you need further information about Celebration I am the man.
Please feel free to visit my web sit and call if you have any comments , questions or concerns.
Have an outstanding day
I live , work and love Celebration

Robert
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