Hi again and sorry about the delayed, yes been working directly with the developers, they are brazilians like me but from the usa, and is a very unique development.
magiv village is the third phase, however the only one by desinger of ferrari cars, pininfarina. So, you have 2 options there, either buy first and second phases from private owner in the first pahases , managed by the same company for a lower price or pay a bit more around 580k or 650 and buy the one in construction. payment plans are flexible, mostly 25 down to hold, then 25 more until delivery when you finalize payment.
I liked this development first because the location is prime, is right on celebration, 20 minutes from animal kingdom, and no there is no noise in the buildings, they are built in concrete, a mayor difference in construction,
Now, the mayority of the buyers here are investors looking for an investment where they can enjoy, for personal use, with family but also leave the country and rent al year around, so will pay for itself.
also they can take advantage of the alliance with third homes, a vacation home club, only million dollars homes all over the world that you can use if you dont want to go to orlando and spend a week in any part of the world in a luxury home .
in terms of numbers, they give you a return with minimum possible occupancy so you can expect worse case, still will pay for itself.
good think is because the property is focus on a niche, people looking to rent and enjoy disney, they offer a very small common area, because is meant to sleep and go back to parks, so the maintenance fee is small, most investors like that and also the fact that is built in a non residential area ,so taxes are lower due to no schools.
so yes, orlando for me is number one place to investor in florida, due to the lower price per square foot compare to miami, where is my home in florida.
the average night could go from 160 to 320, depends on wich unit you are buying and the management is optional, so if you chose to use whyndham hotels management, then they will require you to purchase their furniture, around 65k cost, barbacue and jacuzzi also extra
If you decided you just want to buy and manage yourself, you can do that.
of course if you are looking to buy or invest in orlando, feel free to reach because that development has also a comercial center in front, and is already sold 50% units.
my buyers are mostly from brazil, they own 90 %of the first and second developments but those are smaller this one has 400 homes, only 3 and 4 floors, all suites.
so yes, orlando has long term investments for rentals, and vacation homes for short term rentals, and laws are strict so thats one advantage of having the biggest hotel chain to rent using same rotation system in their hotels.
if you need to see more we can schedule a presentation with developer via zoom to see magic village by Pinifarina or if you have a potential clients too.
