Fly-In Living: A Unique Opportunity in Grass Roots Airpark

Calling all pilots, families, adventurers, or anyone searching for spacious living and direct runway access! Nestled within the serene and exclusive community of Grass Roots Airpark, this rare 4.8-acre parcel is a dream come true for those seeking a blend of aviation and luxury. Prime Location and Ample Space Situated at the end of a quiet cul-de-sac in this private, gated community, this property boasts one of the largest lots in the area. Whether you envision a sprawling family compound or multiple buildings, this parcel offers endless possibilities. Its prime corner location at the end of the runway provides unparalleled convenience – imagine being able to fly in and out with ease, avoiding the long lines and crowded terminals of commercial airports. Build Your Dream Home This lot is ready for your vision. With a minimum build requirement of 1,800 square feet, you have the freedom to design and create the home of your dreams, complete with a connected hangar for your plane. If you’re not ready to build just yet, no worries – there’s no timeline for construction, giving you the flexibility to plan at your own pace. Plus, for those who prefer not to maintain their own hangar, community hangars are available right next to the runway. More Than Just Aviation While this community is perfect for aviation enthusiasts, it’s also an ideal place for families. The property offers privacy, space, and a sense of rural tranquility, while still keeping you connected to the conveniences of modern life. Grass Roots Airpark was thoughtfully designed to reflect the vintage charm of the “Golden Age of Aviation.” The Craftsman-style clubhouse is a centerpiece of the community, providing residents with a warm, nostalgic gathering space. Ideal Location in Central Florida Surrounded by lakes, ranches, and historic towns like Mt. Dora, Clermont, Tavares, and Leesburg, this property offers the best of both worlds. You’ll feel miles away from the hustle and bustle, yet shopping, dining, and entertainment are just a short drive away. Orlando and its world-famous theme parks are less than 45 minutes from your doorstep, making this the perfect location for anyone looking to enjoy Central Florida’s natural beauty without sacrificing convenience. Why Wait? This is the only lot currently available in Grass Roots Airpark, and opportunities like this are few and far between. If you’ve been searching for a unique property that blends aviation, adventure, and family living, now is your chance to secure your slice of this aviation paradise. Schedule your tour today and take the first step toward building the life you’ve always dreamed of in this one-of-a-kind community. This property offers a truly unique living experience in the heart of Central Florida. Whether you're a pilot looking for the perfect place to live and fly, or a family seeking a peaceful yet connected community, this listing has it all. 📲 View Listing

View more

Central Florida Housing Market Mid-Year Update: Opportunities and Preparations for Future Investments

*Source: Housingwire.com As we reach the midpoint of 2024, the Central Florida housing market, much like the national landscape, is experiencing significant changes in inventory, pricing, and demand dynamics. Here's a detailed look at the current trends and what they mean for potential real estate investments in our region. Growing Inventory: A Healthier Market Nationally, active inventory has increased significantly compared to last year, providing much-needed relief to the housing market. In March 2022, there were only 240,000 active single-family homes available for sale across the country. Today, that number has risen to 652,573, marking a substantial improvement from the lows of 2022. This increase in available homes has brought the market to a healthier state, though it still falls short of pre-pandemic levels. Weekly Inventory Highlights: June 29-July 5, 2024: Inventory rose from 645,770 to 652,573. Same week last year: Inventory fell from 466,534 to 466,001. All-time low: 240,497 in 2022. Inventory peak for 2024: 652,573. For context, active listings during this week in 2015 were 1,183,882. While we are still below those levels, the trend is moving in the right direction. New Listings: Seasonal Peak and Trends We are currently in the seasonal peak period for new listings. Recent New Listings Data: 2024: 71,181 2023: 58,289 2022: 89,221 Price Cuts: Adjusting to Market Conditions Price reductions are a natural part of the housing market, with about one-third of homes typically experiencing a price cut in an average year. This year, the percentage of price cuts is higher, reflecting the ongoing adjustments due to elevated mortgage rates and varying inventory levels across different regions. Weekly Price-Cut Percentages: 2024: 38% 2023: 33% 2022: 32% Pending Sales: Steady Demand Amid High Rates Pending sales data, which reflects real-time demand, shows a slight year-over-year growth, despite higher mortgage rates. This indicates a stable interest from buyers, particularly those who are also selling their homes. Pending Sales Comparison: 2024: 381,057 2023: 381,036 2022: 420,816 Mortgage Rates and Yield: Impact on the Market Recent fluctuations in the 10-year yield and mortgage rates have influenced the housing market dynamics. Despite these changes, mortgage rate spreads have improved compared to the worst levels seen in 2023. Purchase Applications: Fluctuations and Opportunities Purchase application data has shown volatility, influenced by weekly mortgage rate movements. Since the decline in mortgage rates started in November 2023, we've seen a mixed pattern of positive and negative trends in application data. Year-to-Date Purchase Application Data for 2024: Positive weeks: 9 Negative weeks: 14 Flat weeks: 2 Looking Ahead: Preparing for Future Investments As we look forward to the second half of 2024, it is crucial for potential investors in the Central Florida market to stay informed and prepared. Here are some key takeaways and recommendations: Monitor Inventory Levels: The increasing inventory provides more options for buyers and can lead to better negotiating opportunities. Stay Updated on Mortgage Rates: Keep an eye on mortgage rate trends, as even small fluctuations can significantly impact affordability and demand. Consider Timing: The market is expected to experience seasonal shifts, so timing your investments strategically could yield better returns. Prepare for Price Adjustments: Be aware of potential price cuts and use them to your advantage when negotiating deals.   For any specific inquiries or personalized advice, feel free to reach out. *Source: Housingwire.com

View more

The American Dream in Central Florida

Celebrating National Homeownership Month: the American Dream in Central Florida June is here, and it’s a special time for us in Central Florida as we celebrate National Homeownership Month! At Engel & Völkers Clermont Orlando Dr Phillips, we believe owning a home is a big part of the American Dream, and we're here to support you every step of the way. Whether you're a first-time homebuyer, a seasoned homeowner, or just dreaming about your future home, this month is all about you. What National Homeownership Month Means Every June, National Homeownership Month reminds us of the importance of owning a home and its impact on our families and communities. It’s a time to celebrate the benefits of homeownership, from building personal wealth to creating stable and vibrant neighborhoods. This month highlights how owning a home can help you achieve financial security and be a part of your American Dream. We also know that buying a home can be challenging. Rising housing costs, limited supply, and economic conditions can make homeownership feel out of reach. At Engel & Völkers Clermont Orlando Dr Phillips, we’re committed to helping you navigate these challenges. Why Homeownership Matters Homeownership is more than just having a place to call your own. It’s about building a foundation for your future, creating a space where memories are made, and contributing to your community. Owning a home offers financial stability, potential tax benefits, and the joy of personalizing and creating a space just for you. Dream Big Maybe you’re currently renting and dreaming about having a place that’s truly yours. Or perhaps you’re living with family and saving up for that down payment. Maybe you’re considering upsizing, downsizing, or investing in a second property. This is the time to dream big! Imagine your ideal home – what does it look like? Where is it located? How do you feel when you walk through the door? Whatever your goals, now is the perfect time to start planning and take steps toward making them a reality. Getting Prepared Once your dream starts to take shape, it's time to get practical. The first step is to have a clear understanding of your finances. Be sure to check your credit score, assess your savings, and maybe speak to a mortgage advisor to understand your borrowing potential. Being prepared is key to making your homeownership journey smooth and enjoyable. Finding the Right Fit This is where the real adventure begins! Partner with a trusted real estate advisor who can help you navigate the Central Florida market, understand what you can afford, and show you homes that match your vision. Your perfect home is out there, and with the right guidance, it’s only a matter of time before you find it. Reflecting on Homeownership Achievements Owning a home is more than just having a place to live; it’s a key to building wealth and equity. For those who have already achieved homeownership, National Homeownership Month is a time to reflect and celebrate. Find gratitude reflecting when you received your keys, the first dinner in your new dining room, or the garden you’ve nurtured. Share your journey with friends and family, and maybe inspire someone else to begin their path to homeownership. Tips for Current Homeowners Maintenance and Upgrades: Regular maintenance can keep your home in top shape, potentially increasing its value. Consider investing in upgrades that enhance your living experience and add long-term value to your property. In Central Florida, upgrading your landscaping can add value over time. Community Involvement: Homeownership often brings a stronger connection to your community. Get involved in local events, support neighborhood initiatives, and build relationships with your neighbors. A strong community adds immeasurable value to your home. Financial Health: Consider your home a significant part of your financial portfolio. Track your mortgage payments, explore refinancing options if rates drop, and stay informed about housing market trends in Central Florida. Your Partners in Homeownership At Engel & Völkers Clermont Orlando Dr Phillips, we are committed to supporting you at every stage of your homeownership journey. From dreaming and planning to buying and celebrating, we're here to offer expert guidance and personalized service. As we celebrate National Homeownership Month - I'd love to talk – whether you're ready to take the next step or want to explore your options. Here's to making your homeownership dreams come true! Happy National Homeownership Month!   Source https://www.evrealestate.com/blog/celebrating-national-homeownership-month-your-path-to-the-american-dream

View more