Real estate in Orlando: In which districts to invest?

Well known for its many amusement parks like Disney World and Universal, Orlando also has other less touristy and equally attractive assets: very beautiful lakes and green parks, many residential districts, schools and universities renowned, implantations of international companies, modern shopping centers… and a certain real estate interest!

- This article is updated regularly -

A voir aussi :

- List of French -speaking real estate agents in Florida

- Real estate in Florida City by city: Miami - Miami Beach - Fort Lauderdale - Sarasota/Bradenton - Naples/Fort Myers/Bonita Springs - Tampa/Clearwater/St.Petersburg - Fort Myers/Cape Coral - Palm Beach

- To read the investment and real estate guide in Florida, click here!

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Orlando is currently an expansion city that diversifies its activities as it grows.Young and dynamic The city created nearly 100,000 jobs and welcomes more than 60,000 people each year in its agglomeration.Orlando seems to be the city of tomorrow where you have to invest now!So, the question is: in which district of Orlando should we buy?

D’après une enquête récente du magazine Forbes, Orlando se classe en 3^e position des villes américaines où il faut investir en immobilier d’habitation, après Dallas et Jacksonville.Orlando indeed benefits from good economic indicators and employment is growing rapidly.This city of Central Florida is increasingly attracting buyers of main or secondary residences seduced by its quality of life, its dynamism and its climate.

A city very extensive with multiple districts

"The City Beautiful" or "O-Town", like many nicknames, is a sprawling city made up of 115 districts which house more than 260,000 inhabitants.Suffice to say that we will not be able to go around all the districts in this article!

The heart of the city is located in its historic center called "Old Orlando" or "Downtown Orlando", between Orange Avenue and Garland avenue.In the city center is the business district with its many skyscrapers.Many residential areas have grafted themselves into the outskirts over time such as "Lake Eola", "Thornton Park" or "Baldwin Park".

Here is a little overview of the best known or attractive neighborhoods, and probably the most interesting for a real estate investment.

Le centre ville

Downtown Orlando: a dynamic and practical district of Orlando city center is relatively small on the surface.It houses the business district called "Central Business District" which brings together both the offices of large companies such as Bank of America, Darden, Coca-Cola or Oracle, streets with many stores and restaurants, but also theaters,art galleries or sports complexes.Those who love nature will not be outdone with Lake Eola and its park located in the center of the neighborhood, very popular with residents on weekends to play sports or picnic.This rather varied district can suit young dynamic executives working in the area, as well as families loving urban life.Investors can mainly find beautiful residences or quality condos.As in many city centers, prices are higher than in the more distant suburbs.

Orlando – Floride (Crédit photo : Josh Hallett – Flickr)Orlando – Floride (Crédit photo : Keimthedesigner – Flickr) Orlando – Centre ville (Crédits photos : Jordi Gomara Pérez – CC BY-NC-ND 2.0)

Au Nord

College Park: a quiet residential area located just north of Downtown, College Park is a pretty neighborhood with old architecture, both alive, relaxing and safe.It also has several lakes and wooded parks that promote walks and sports of all kinds, a small city center with cafes, restaurants and stores that allow you to have a pleasant life.College Park essentially offers Floridian style houses also called "bungalows", more or less luxurious at fairly high prices, because the district presents undeniable qualities of life and therefore becomes more prized.

College Park – Orlando (Crédit photo : 10best.com) College Park – Orlando (Crédit photo : Ebyabe Wikipedia)College Park – Orlando (Crédit photo : Philip Fibiger – Flickr)

Ivanhoe Village: The name alone deserves a judgment! Ivanhoe Village is a small district nestled along Orange avenue to the east of College Park.He also has a lake, the aptly named "Ivanhoe Lake" and green spaces.The city is famous for its art galleries, its antiques stores, its slightly "kitsch" shops, its cultural events like the "First Frida" (gathering of musicians playing in the streets).It’s artistic trendy district, a bit eccentric, a little "old fashion" which, according to some, hides the most unusual places in Orlando!Many buildings display a little Art Deco side with curves and rainbow colors.The district offers essentially purchase more or less recent houses at identical prices to its neighbors College Park or Lock Haven.

Ivanhoe Village – Orlando (Crédit photo : Russ Sanderlin – Flickr) Ivanhoe Village – Orlando (Crédit photo : Wiki Commons)Ivanhoe Village – Orlando (Crédit photo : Ebyabe – Wiki Commons)

Loch Haven Park: a picturesque district and Culturelloch Haven Park is a small picturesque district east of College Park.It is a major cultural center on Florida which houses nothing less than the "Orlando Science Center", the "Loch Haven Community Center", the "Orlando Museum of Art", the "Mennello Museum of American Art" and scenesshows like the "Orlando Shakespeare Theater" or the "Orlando Repertory Theater".It also welcomes many events every year such as the Antiquity Show, the "Orlando International Fringe Theater Festival" or the "Vegfest".Investors can mainly find houses whose prices are relatively attractive, but it is a safe bet that they will increase when those who love art will recognize the cultural importance of "Loch Haven" for the City of Orlando.

Loch Haven Park – Orlando – Museum of Art (Crédit photo : Mark Goebel – Flickr) Loch Haven Park – Orlando (Crédit photo : jinjian liang – Flickr)Loch Haven Park – Orlando (Crédit photo : Zillow.com)

Winter Park: a quiet and green environment Winter Park is a large district with multiple lakes which is one of the most beautiful and richest in the region.Former holiday resort of a wealthy clientele from northern by the train at the beginning of the 20th century, the city has kept a certain bourgeois charm of it.Coated streets, avenues bordered by old majestic oaks, old houses, abundant vegetation, the neighborhood is a haven of peace, but which does not forget to also offer decorative shops, gourmet restaurants and bars with terraces for outings with friends.These roots have caused a flourishing cultural life with in particular the American art museum Charles Hosner, the Ezian theater or the Rollins College with its chapel which regularly offers classical music concerts.Investors can mainly find old or more modern houses, and some elegant condos.Winter Park is a quiet and discreet town that jealously retains its riches, the prices of real estate are related, very high.

Winter Park – Centre ville – Orlando (Crédit photo : Meagan – CC BY-NC 2.0) Winter Park – Centre ville – Orlando (Crédit photo : Meagan – CC BY-NC 2.0)Winter Park – Orlando (Crédit photo : Neil Thompson – CC BY-NC 2.0)

A l’Est

Lake Eola: A district between town and countryside located right next to Downtown, Lake Eola Heights and Lake Eola South are apparently the most attractive districts of Orlando.Here you can have the best of both worlds, live around a lake or a golf course and enjoy the nearby city center.The recent arrival of businesses in the technology and science sector, of the medical school of the University of Florida Centrale, of a Hospital of Veterans Combatants, helped to boost the district and bring opportunities for'important jobs.Today it attracts a rather eclectic population with various income because you can find both apartments, condos, old houses and other recent more luxurious.Prices are still affordable, but they may increase with the constant evolution of the neighborhood.

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Lake Eola – Orlando (Crédit photo : Jamal Fanaian – Flickr) Lake Eola – Orlando (Crédit photo : elisfkc – Wiki Commons)Lake Eola – Orlando (Crédit photo : Ebyabe – Wiki Commons)

Thornton Park: a historic residential district east of the Eola and Downtown park, Thornton Park is one of the historic districts of Orlando and without question one of the most charming.It offers all the advantages of a city with small shops, restaurants, theaters, and as a bonus a little "countryside" side. Le deuxième jeudi de chaque mois, le quartier prend des airs de fête populaire avec le « Wine & Art Walk » où des artistes locaux exposent leurs oeuvres sur des tréteaux posés sur les trottoirs.The commercial district extends along Washington Street, Summerlin Avenue and Central Boulevard and can easily be traveled on foot, which is not so frequent in the United States!Coated streets, houses with neoclassical architecture, large residences (it brings together the oldest houses in the city dating from the beginning of the 20th century), the district is chic and very elegant, but it has kept a friendly atmosphere andLife is good.Yoga and tai-chi are practiced outdoors around lakes and in parks, and a farmer market takes place there every Sunday.Given all these qualities, the price of real estate is obviously rather high.

Thornton Park – Orlando (Crédit photo : Josh Hallett – Flickr)Thornton Park – Centre ville – Orlando (Crédit photo : Josh Hallett – Flickr) Thornton Park – Orlando (Crédit photo : Zachary Long – Flickr)

Avalon Park: a real village in the heart of Orlandoplus far from the center, Avalon Park is a new city that was born in the early 2000s whose development is planned and controlled.The city offers, which is rare in the United States a city center on a human scale with small mixed residential and commercial buildings of four floors in a traditional architectural style.The idea was to encourage movements on foot and the socialization of its inhabitants in order to build a real community.This village side is a priori much appreciated by residents who fully benefit from shops and restaurants to the nearby lakes.The residential districts surround the city center and include a mixture of condominiums, apartments, traditional villas and cities of cities.Eloimated from the hyper center of Orlando, real estate prices are interesting and the purchase of a very affordable house.

Avalon Park – Orlando (Crédit photo : Flickr) Avalon Park – Centre ville – Orlando (Crédit photo : downtownavalonpark.com)

A l’Ouest

Metrowst: a structured and appreciated district is a large independent residential and commercial district that developed a lot in the 80s.The city was designed by favoring the quality of life of its inhabitants so much from a point of view infrastructure, architecture and landscaped.The city also has very well -rated schools on the regional level.The accommodation options are varied, ranging from "Townhome" (apartments in a house) to condominiums, family houses to luxury villas on the edge of Golf.Rather far from the Orlando center, real estate is therefore cheaper and there are good deals on the market.

Metrowest – Orlando (Crédit photo : Rogerhamelin – Wiki Commons)Metrowest – Orlando (Crédit photo : Milestone Management – Flickr) Metrowest – Orlando (Crédit photo : Miosotis jade – Wiki Commons)

Au sud

Delaney Park: a chic suburb near the city center small neighborhood located in the south of Downtown, Delaney Park is clearly residential.It is a small picturesque community that benefits from the amenities linked to the proximity of the city center of Orlando and the neighboring neighborhoods of Thornton Park or Eloa (restaurants, shops, theaters, galleries ...), but benefiting from the calm of a suburbschic.Its proximity to renowned hospitals means that the neighborhood is home to many health professionals.Shaded streets, beautiful traditional houses, green spaces, excellent schools, Delaney Park is a practical neighborhood, very pleasant to live with family and therefore ultra prized.Potential buyers can mainly find colonial style houses for the most part built between the 20s and 60s and some more recent UNE.The villas around Lac Lancaster are particularly popular.Real estate prices are related to the advantages of the neighborhood and its quality of life, that is to say very high

Delaney Park – Orlando (Crédit photo : Urbanista.com)Delaney Park – Orlando (Crédit photo : cityoforlando.net) Delaney Park – Orlando (Crédit photo : Zillow.com)

Doctor Phillips: a family district between Orlando and the amusement parksdr Phillips is not strictly speaking "a charming little town" with a coquet and warm city center as is the case in other sectors, but heits advantages.Halfway through the amusement parks and the Orlando center, Doctor Phillips is geographically very well located and well served from a motorway point of view.Close to the Universal and Disney parks, the city benefits from a significant employment pool and excellent economic growth.Vast, green, with several lakes, a golf course, the city is pleasant for families and allows multiple sports and nautical activities. La région a d’ailleurs été élue à la 26^e place des meilleurs endroits pour vivre en Amérique par le Time‘s Money Magazine en 2015.Investors can find a whole range of goods, traditional or high -end houses, apartments or condos at very affordable prices currently both for a purchase of main residence, as for an annual or seasonal rental purchase.

Dr Philips – Orlando (Crédit photo : yourorlando.com) Dr Philips – Orlando (Crédit photo : yourorlando.com)

Kissimmee: a family district close to the parks of attractive on the shore of Lake Tohopekaliga (nicknamed Lake Toho), Kissimmee is a large district often neglected because it has become over the years a row of hotels and restaurants for visitorsnearby amusement parks.But Kissimmee is above all a historic city dating from the 18th century, flagship of citrus and farming culture.Today the city prosperous thanks to tourism of course, with its advantages and disadvantages.The city nevertheless has a picturesque old town which recalls the 1950s or 60s, with beautiful architecture, shops, restaurants and offers many events throughout the year.Around the lake, a park green the "kissimmee waterfront" includes many pedestrian trails, playgrounds and a pier for fishing.You can find many modern houses or apartments in more modest residential areas than near Orlando, and the prices are also.Kissimmee being the favorite district of vacationers in Orlando, many real estate purchases are made from a seasonal rental perspective.

Kissimmee – Centre ville – Orlando (Crédit photo : Miosotis Jade – Wiki Commons) Kissimmee – Centre ville – Orlando (Crédit photo : Visitor7 – Wiki Commons)Kissimmee – Orlando (Crédit photo : Ebyabe – Wiki Commons)

Celebration: Mickey has the keys to the city! This small town was created by the "Walt Disney Company" in 1994.She wanted to make a perfect city, without any crime, in contrast to the country's major urban centers.Built on the model of small American cities of the beginning of the 20th century, the place gives the feeling of being in a Hollywood film.The houses follow a whole model of predefined architecture among five styles "approved" by Disney, inspired in particular by colonial, Mediterranean or French villas.The city is governed by very strict rules in terms of behavior, maintenance of houses or gardens.And Disney has a right to look at the sale of houses!But advantage, Celebration is a safe city, on a human scale with its city center, its shops, its restaurants and allows residents to do a lot of things on foot or by bicycle, rare in the United States.The city strives to create a welcoming, friendly and festive atmosphere by offering many events throughout the year such as the "Great American Pie Festival", the "Oktoberfest Party" or "fallen" shows or leaves orArtificial snow at Christmas.And icing on the cake, Celebration is directly connected to "Walt Disney Resort", which allows residents to go to parks when they want, without needing a pass!If you want to buy a property from Mickey, you will have to show "white leg" and put a certain price: $ 150,000 for apartments to more than $ 800,000 for the biggest houses.

Celebration – Orlando (Crédit photo : tps58 – Flickr) Celebration – Centre ville – Orlando (Crédit photo : tps58 – Flickr)Celebration – Orlando (Crédit photo : tps58 – Flickr)

And Disney fans can now live in Golden Oak, in the heart of the magic world!

Golden Oak: a new luxurious district Made in Disneydisney launched a new real estate program last year at Lake Buena Vista in the heart of "Walt Disney World Resort".It is a residential area made up of four districts offering residents a luxurious, private and magical living environment.It includes customizable high -end villas surrounded by lakes and wooded parks with an area from 300 to 1,200 m².The purchase of the property obviously allows you to access the park for free, but also offers a whole range of privileges: evenings, restaurants or golf..A single downside, and it is size: the price.You will have to pay about two million dollars (1.7 million euros) to become the owner of a "Disney house".A "fairy tale" reserved for an exclusive fringe of the population!But despite these high prices, the real estate program apparently meets a great success and all the houses of two of the four districts have already been sold!Notice to amateurs ...

Golden Oak – Maison Disney – Orlando (Crédit photo : Golden Oak Realty) Golden Oak – Maison Disney – Orlando (Crédits photos : Golden Oak Realty)Golden Oak – Maison Disney – Orlando (Crédit photo : Golden Oak Realty)

Orlando inexorably continues its evolution and its expansion.The city has become the first tourist destination in the USA with more than 66 million visitors per year.Thanks to the installation of many companies new jobs are created each year and the population increases by 2.33% per year since 2010.

Orlando certainly does not have the image and festive reputation of Miami, but advantage, real estate prices are not those of Miami either, the rates of return are often higher and less fluctuating.

Investing in the city of Orlando means making a real estate investment in a stable city where the economic dynamics are strong and where the presence of amusement parks acts as a growth accelerator.

According to economists, Orlando will become the next Los Angeles or New York by 2030.

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