Disney Starts Building a

Luxury Home Development

Disney recently announced that they will start building luxury vacation homes near the Magic Kingdom in Orlando Florida. The homes are projected to be between $1.5-8 million dollars- well above Orlando’s average sale price of $243,000.

The development, Golden Oak, will encompass 450 homes and a Four Seasons hotel with 445 rooms. The community will include a clubhouse, parks, walkways for the residents, as well as wetlands and land set aside for conservation.

While buyers will be allowed to hire their own architects, they will be required to hire Disney approved builders and adhere to approved architectural styles. To see some examples, view the slideshow click here.

Many feel that this is a big risk for Disney to take. Celebration, another one of Disney's developments, is comprised of 6,000 primary-homes. In the past four years, the values of these homes have dropped an average of 60%.  Despite these negative figures, hte Walt Disney Company is confidant that the Golden Oak community will be successful.

This community will definitely offer an alternative Disney World experience for affluent vacationers.