News about properties and real estate
Home sales slip, condos soar [Central Florida] The number of homes on the market in Orlando ballooned again last month as sales of single-family houses continued to cool and the momentum shifted strongly to condominiums, according to figures released Wednesday. The Orlando Regional Realtor Association’s inventory reached a record 14,559 homes in March — a …
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On the waterfront? Home buyers pay plenty to have view of fake lakes. Mughis Chaudhry wanted a house on the water and an easy commute to his office — just like many people in the Orlando metropolitan area. But unlike most home seekers, Chaudhry, 36, was willing to pay nearly $600,000 for a lakefront lot, …
New York firm pays $20 million for Vero apartment complex [South Florida] A New York real estate firm has purchased the Walker Woods apartment complex in Vero Beach for $19.72 million. Benchmark Properties Management Corp., managed by Clarke Narins, acquired the 29.18-acre property at 2898 71st Circle from Altamonte Springs-based Walker Woods Inc., public records …
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Where water sells [Central Florida] For Karen Woods, it’s all about location. She remembered a real-estate expert telling her: “If you’re going to invest in property, buy on water. God only made so much of it.” That’s why the 40-year-old Clermont woman and her husband, Jim, recently paid $450,000 for a condominium along the Indian …
A Place for an Energetic Little Boy After Hudson Lee was born — yes, he was named for the Hudson River — his parents knew they couldn’t remain in their small, noisy, roach-ridden Inwood rental for much longer. All they needed was a great deal: someplace clean, quiet, big enough for an energetic little boy, …
Businesses lose property insurance [South Florida] Business owners in Gulf Breeze may want to head for higher ground if the property insurance market for the area remains the same. Some carriers are refusing to renew commercial insurance policies or write new ones. “I had a commercial wind policy and it will not be renewed. I …
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