Welcome to Lake Nona, home to “Medical City” and America’s leading hospitals, schools, and research facilities. The community features sustainably-designed homes, leafy gated communities, sleek family homes, and a healthy living atmosphere. With these and more to offer, Lake Nona, FL is one of the best places to raise a family in Orlando. Lake Nona is a safe, sociable, and relaxing community located in the Southeast section of Orlando.
Fast Fun Facts About Lake Nona, Florida
- Lake Nona is home to USTA’s NewHome of American Tennis, the largest tennis facility in the world.
- Home to many gated communities, Lake Nona features 40% preserved green space with over four miles scattered around the area.
- It is home to the region’s first autonomous shuttles called Beep – a future-ready driverless that serves as a free shuttle service in the area.
- Home to the Glass House – a kaleidoscope of reclaimed materials created by Brooklyn artist Tom Fruin
Photo by Kindel Media on Pexels.com
Lake Nona, Orlando Florida: An Overview
Lake Nona is one of the best places to live in Orlando, Florida. It is home to many young families and young professionals. With gorgeous weather to enjoy all year round, Lake Nona is an ideal location for commuters and day-trippers. Situated 30-minutes away from Orlando’s main hub, downtown is just a heart’s away. Lake Nona is close to the amenities of modern living but within a safe and relaxing place to escape the buzz of the city.
Orlando Airport is within a 10-minute drive away. Spontaneous adventures to Cocoa Beach and Daytona Beach are no more than an hour away. The community has grown tremendously over the years and now includes the areas in Lake Hard. Red Lake, Buck Lake, East Lake Park, Lake Whiipppprwill, and Lake Mary Jane.
Housing developments are numerous including East Park, Moss Park, Waters Edge, Eagle Creek, La Vina, Laureate Park, and Village Walk at Lake Nona. Learn more and dream more as you begin your home and property hunting in Lake Nona, Florida.
Buying a Home in Lake Nona
Lake Nona is an expanding and growing neighborhood. Home to numerous new developments and construction, it is a perfect place to build the home of your dreams.
With a population of less than 13,000, the average cost of homes in Lake Nona South starts at $377,000. Renting is also an option with a rental average of $1,900. The community is rated amongst the best neighborhoods in Orlando. Good ranking schools and convenient amenities are nearby. Ample of parks and trails can be enjoyed in the area too.
Lake Nona Central is a more expensive neighborhood. Homes are priced at $376,700 on average with a median rent of $1,900 for most households. Safe and family-friendly, here is where the University of Central Florida Medical school is located. Home prices in the area are 78% higher compared to the national average with several prominent public schools located nearby. It is home to Lake Nona Central, Home Charter School, Cornerstone Charter Academy, and Oakland Avenue Charter School.
Lake Nona Market Snapshot
Prior to Disney’s decision to move its offices to Lake Nona, the region is already somewhat competitive.
Lake Nona has an active inventory of 54 properties with a median price list of $712,450 as of September 2021. Distressed properties such as short sales and foreclosures are considerably low, a constant percentage compared to the year before. Although the median listing prices are on a downturn from July to September, it offers a perfect opportunity for homebuyers to secure the home of their dreams.
Current trends for the real estate market in Lake Nona are somewhat competitive, with a few homes getting multiple offers. Homes sell around eight days around list price that is about 2% above the average national list prices and goes pending in around four days.
Disney Offices in Lake Nona, FL
Photo by C. Cagnin from Pexels
The housing market is quite hot as many of Disney’s corporate offices are about to find their home in Lake Nona. The news broke in July and is adding flames to the current real estate market in Central Florida. High-earning Disney executives and higher-ups seek higher-end homes in Lake Nona as well as nearby areas, However, such changes can also stir the marketing with homes prices going higher and higher.
The competition itself is already intense on the area wit inventory levels lower than it was 20 years ago – pushing more buyers to pay more than listing prices.
Lake Nona’s real estate market is already among the priciest in Orange County with average homes sales starting at $686,085 compared to the county average of $429,195. Lake Nona is one of the most popularly mastered communities in the Southeast Orlando area. It is currently within the top-20 list of the most popular communities in the United States area. At the first half of the year, Lake Nona has already secured 405 home sales – 28% higher compared to the first half of 2020.
Find Your Dream Home in Lake Nona, Florida today!
Despite the high cost of living and properties in Lake Nona, it is no surprise to see the real estate market in the area quite busy before 2021 ends. With over 2,000 jobs Disney is about to bring in the area, plenty of growth and development is the future of the area.
If you are looking to buy a home or invest in real estate in Lake Nona, Florida, now is the best time to start, more than ever. Elizabeth Fenderson, Central Florida’s Premier Realtor is here to help. Find your perfect home, understand the market, get help finding a loan, and experience unprecedented service with us.
Experience luxury living in Lake Nona today! Contact us today to get access to the best properties suited for your needs and budget today. Hit us with an email or call us at +4078014049 to schedule an appointment.