Nestled within the city limits of Orlando and situated southeast of Orlando International Airport lies Lake Nona, a 17-square-mile mixed-use planned community making headlines in the real estate market. In this oasis of innovation, home prices are on the rise, and the demand for quality living spaces is robust.
According to Redfin, as of March 2023, Lake Nona home prices have seen a significant increase, with a 9.6% hike compared to last year. Homes are currently selling for a median price of $650K, showcasing the area’s burgeoning appeal. However, despite this increase in value, homes in Lake Nona are not just being snapped up for their rising worth, but for the unique lifestyle and amenities this region promises.
Lake Nona properties don’t stay on the market for long. On average, homes sell after 46 days – a stark contrast to just 6 days last year. In February 2021, Authentic Orlando reported a mere 68 homes available on the market, including 5 condos, 10 townhomes, and 53 single-family homes. The limited availability combined with the growing demand underscores Lake Nona’s desirability.
Why this fascination with Lake Nona? Developed by Lake Nona Property Holdings, owned by the Tavistock Group, the region is home to the esteemed Lake Nona Golf & Country Club, and the innovative Lake Nona Wave Hotel. This hotel pushes the boundaries of the conventional guest experience, with future-forward amenities like View Smart Windows for an extra 16 minutes of sleep each night, voice-automated in-room controls, TOTO smart toilets, keyless entry, and more.
Yet, it’s not all leisure and luxury. Lake Nona is also known for its 650-acre health and life sciences park, the Lake Nona Medical City, featuring hospitals, universities, research institutions, and wellness facilities. Here, health and lifestyle merge, creating a space for holistic living.
Rounding out the picture, Nona Lake, a 587-acre private lake located in Orlando in Orange County, offers residents and visitors alike a chance to connect with nature without straying far from the urban amenities.
As a planned community, Lake Nona delivers a carefully curated blend of residential, commercial, and recreational spaces, making it a real estate hotspot. Prospective homeowners, investors, and real estate enthusiasts can turn to Realtor.com for a comprehensive overview of Lake Nona’s real estate market, including home values, housing market trends, and details on schools and amenities.
Lake Nona is more than just a real estate opportunity; it’s a chance to invest in an innovative and sustainable future. Stay updated with Lake Nona’s real estate trends and become a part of this dynamic community today!
Text credits: Rodrigo Amado
Photo credits: photomontage: Vinícius Pascoal