If you thought Disney's park ticket prices were high, consider the cost of living in Walt Disney World.
Sale prices have picked up at Golden Oak, Disney's exclusive enclave of single-family homes within the 32836 Lake Buena Vista area code.
Single-family home prices start at $1.8 million in Golden Oak, but recently a few custom homes have sold for north of $4 million. On June 19, a 9,585-square-foot home on nearly three-quarters of an acre at 10152 Enchanted Oak Drive sold for nearly $4.6 million from custom builder Derrick Builders to Kevin and Diane McCarter. The home has five bedrooms and 5.5 baths.
But that sale fell short of the $5.8 million sale of another home on Enchanted Oak Drive at 10145 last September to Dennis J. and Sharon M. Keaveny. Another house at 10138 Enchanted Oak Drive sold in October for $4.2 million.
A Disney spokeswoman would not comment on how well sales are going at Golden Oak, but the Orange County Property Appraiser's records show Golden Oak is clearly out of the recession.
According to property records, the last 12 months would have brought in nearly $25 million in home sales and $26.7 million for lot sales. Maybe that was what Walt was envisioning while he was napping under the famous "Dreaming Tree" in California that the community is named after.
In the last six months the average price for a home in the custom home community was $3,021,500 for the two homes sold. That amounts to $542 a square foot. Lots, too, sold well. A total of 10 lots were sold for an average of $1.5 million.
The six months before that were even better with six single-family homes selling for an average price of $3.2 million, $566 a square foot. The 11 lots sold in that timeframe averaged $804,807.
The Golden Oak website says there could be as many as 400 homes in the community built around a Four Seasons Resort. Property records show that there are 59 single-family homes complete in the community.
Obviously the residents of Golden Oak are getting more than just homes for their money. Residents receive concierge access to the parks, not to mention nightly fireworks shows visible from home. They also have access to the Four Seasons Resort Orlando at Walt Disney World. And, of course there's the Tom Fazio-designed golf course.