Buying a luxury home in Lake Nona could mean buying a home on the water, on the golf course or in one of the most exclusive communities. There are several million dollar homes in Lake Nona as it’s known as one of the top places to live in Central Florida.
When you decide you want to buy a luxury home in Lake Nona, you need to know how to do it the right way. This includes hiring the right real estate agent, finding the best neighborhood for you and plenty of patience.
Home shopping for a luxury home isn’t the same as searching for just any home. The market for luxury homes in Lake Nona is quite different than an average single-family home. Here are a few keys you should know when it comes to buying a luxury home in Lake Nona.
Understanding Lake Nona
Lake Nona is known for the world-class medical facility, the high-end golf club and the Lake Nona Science and Technology Park. It’s a booming area offering plenty for those looking to buy a home, live in the area and work right in Lake Nona.
Some residents to commute to Downtown Orlando for work, as it’s just 35 minutes away. Others love the easy access to the Orlando International Airport, which is just 10 minutes from Lane Nona.
This highly desirable area of Orlando offers some of the best access to attractions, employment and luxury homes. It’s known as a high-end area and most of the homes will cost more than the average home in Orlando, Florida.
Knowing the Search Process
Searching for a home online is easy. However, when you want to start looking for a luxury home in Lake Nona, the process gets more difficult. You may only find a few properties listed online as many may not be on the MLS system. Often, a luxury real estate isn’t listed for the public to protect the seller’s privacy.
The search process changes with luxury real estate in Lake Nona. You need a highly skilled real estate agent with plenty of local connections to gain full access to the luxury properties for sale.
Know Where to Search
Lake Nona offers plenty of fine homes and many fall into the luxury category. Most of the million dollar homes will be found on the Lake Nona Golf & Country Club. This is one of the most prestigious golf communities found in the entire country. The homes found near and on the course are newer custom estates.
Some of the other luxury neighborhoods you will likely find in Lake Nona include:
- Waters Edge – This gated community is one of the most appealing because it offers waterfront living. Enjoy access to Lake Nona, the lakefront park, boat docks, boat storage and so much more when you live here.
- Northlake Park – Covering about 500 acres of space, this luxury neighborhood offers townhomes, apartments and single-family homes.
- Reserve at Waters Edge – While Waters Edge is already rather exclusive, the Reserve at Waters Edge takes it a step further. The homesites here are oversized and consists of custom homes with a prestigious address. There are some opportunities here to build, too and these homes are found in a gated lakefront neighborhood.
- VillageWalk – A very unique place to call home with all homesites including lake views, VillageWalk is a great neighborhood. Residents can easily access the Town Center through the pedestrian bridges and walkways.
When you hire a skilled Lake Nona real estate agent with experience buying and selling luxury homes, you’ll have the right person to help you find the right luxury home in the right neighborhood for you.
Understanding the Financial Considerations
When it’s time to buy a luxury home in Lake Nona, the numbers can be rather astounding. You will need to cover all your bases when it comes to the financial considerations for buying your new home.
Sometimes, sellers will not even enter the negotiations or show the home without proof of your financial situation. This could be a pre-approval for a mortgage or a letter of reference from a portfolio manager.
Making an offer on a luxury home in Lake Nona also means you will need to be able to back it up with verified funds. Showing a bank statement will likely be necessary and it will need to show the details of your financial institution, your name and the amount. Make sure to redact the address and account numbers.
If you can pay cash, this may be preferred as it makes the process much easier. However, there are sometimes when a mortgage makes the most sense.
Due to the higher financial considerations, when you shop for a luxury home in Lake Nona, it’s a good idea to add a financial advisor, lawyer and an accountant to your team.
Know What you’re Shopping for
Before you go into the searching process for your new luxury homes, you should know what you’re looking for. The home needs to be more than just a luxury home in a good neighborhood. It needs to fit you and your family well, too.
You should take the time to figure out what type of lifestyle you prefer in Lake Nona. Do you want to be close to or on the golf course? Are you interested in being within walking distance of the Town Center? Would you prefer access to the lake?
Knowing what you’re shopping for before you start looking will help make the process easier and much smoother.
Shopping for a luxury home in Lake Nona is far different than shopping for an average single-family home. There won’t be as many homes available and with the custom options, many luxury homes have, not all will fit your specific needs and wants.
Make sure you hire the right luxury real estate agent for your search. With the right agent on your side, you’ll have a better chance to find the right home, in the right neighborhood giving you exactly what you desire.
If you are a FIRST TIME HOME BUYER, here are some helpful links: Florida First Time Home Buyer & Related Home Buying Programs