Disney developing a residential neighborhood on-property at Walt Disney World

I saw this about a year ago when Disney announced it. I also saw the prices and laughed and kept going on my way. I think there were a few home models < $500k but most were over a million. Good luck filling that Disney! Rich overseas tourists with summer homes I guess.

Overseas? The US doesn't have enough people who could afford million+ dollar homes?

Good luck filling them? Read the article, they already did.

Article says they have built 100 houses with another 350 lots that could be sold. I suspect there are at least 100 people in the Disney World parks every day who live in $1 million plus houses.

I think people are sometimes confused about the effects of the economic malaise on stuff like this. There are PLENTY of people for whom $500K+ homes on Disney property are in no way a stretch to the "family budget." You don't need 200 million people to be able to afford these homes, just a few hundred...

How tall will your fireworks viewing tower be, Jeff?

Funny how something will trigger a curiosity. After reading the discussion here I found myself wondering how many people in the USA live in $500k homes (or higher).

After digging through multiple sources, sites and info, it seems that around 6-7% of owner-occupied homes in the US are valued at $500k or higher.

So about 1-in-15 homes.

Neuski said:

How tall will your fireworks viewing tower be, Jeff?

Tower? I'll be able to see them from my bathtub. And I'll be closer to Magic Kingdom than these houses, at a fraction of the cost. Million shmillion.

We bought our modest 3 bedroom home for just about 500K 8 years ago. Something about a sunshine tax (not to mention "bubble")? Anyway, if the current trend stands, we should be back over water in about a year.

Too bad we didn't wait, we could have been living at Walt Disney World. ;)

semantics, but it isn't on Disney property, it was de-annexed from RCID and this is like two year old news.

Why are you so eager to set editorial policy? It's something to talk about.

I've always thought that million-dollar-plus homes were more common than what Gonch's findings. (Shrugs) Learn something new every day.

The wild thing to me is how much it varies regionally. I walked through a model not far north of Disney that was 5,000 square feet for $500k. Depending on where you live, that may sound insane. However, where I lived outside of Seattle, that would not buy you more than 2,700 square feet at best. That house in west Orange County would go for well over a million on the Seattle east side.

Jeff said:

Why are you so eager to set editorial policy? It's something to talk about.

'The community was announced on June 23, 2010 through the official Disney Parks Blog.'

It's over three year old 'news.'

http://disneyparks.disney.go.com/blog/2010/06/golden-oak-luxury-res...ney-world/

Kings Dominion was built 40 years ago. We can't have topics about it now because it was announced over 40 years ago?

Of course we can, but the subject and article make it sound like it is new. Lets see an article about who is buying it up, not that it exists.

Rich people. There's your article.

No words...

Lord Gonchar said:

After digging through multiple sources, sites and info, it seems that around 6-7% of owner-occupied homes in the US are valued at $500k or higher.

But what percentage of them are living beyond their means? That's how this whole recession started, after all.