Advertisement
Notable Home Sales

Reunion’s largest vacation home sells for record $11.7M

Reunion Realty has closed the most expensive home sale in Osceola County history with the recent sale of Villa Isolé in Reunion Resort for $11.7 million.

Broker-owner TJ Cosgrove told GrowthSpotter the deal closed Monday, though the deed still hadn’t cleared public records days later. The 23,000-square-foot villa was built in 2018 to bridge the gap between vacation home and 5-star resort. The three-story, elevator-served estate sleeps 30 among its two presidential suites, two ambassador suites and 11 bedroom suites.

Advertisement

Villa Isole, which features 17 Full Baths, 6 Half Baths, a multi-level saltwater pool, hot tub, indoor basketball court, piano bar, cigar lounge, commercial kitchen, state-of-the-art movie theatre and an onsite private spa by ESPA is located in the prestigious Reunion Resort.

Cosgrove said the buyer is a private investor who plans to maintain the villa in the Reunion Rental booking system, where it grossed $1.7 million in 2021.

Advertisement

“It’s done fantastic over the last couple of years from a rental perspective,” Cosgrove said. “The villa hosts a plethora of celebrities and dignitaries from around the world. It’s just one of those places where everyone goes to Walt Disney World at some point in their life, whether you’re Joe the Plumber or Joe the Billionaire.”

The project was developed by David Krakauer, who turned to architect Dan DeLong with Origins Residential Design and Scott Redmond of City Beautiful Landscaping to bring his vision to reality. Custom homebuilder McNally Construction and Design Studio 15 rounded out the team.

“We went high-end in every regard,” Krakauer said. “The build was about two years. We had about six months between drawing and space planning phase. We intentionally picked companies that hadn’t built in Reunion before, because we wanted something that would be unique in the community. It’s less Disney-themed than a lot of the vacation homes. It’s more of a hotel-style decor.”

Krakauer put the villa and business on the market in 2019 for $9.75 million. Since the onset of the pandemic, demand and prices for luxury vacation homes in Reunion have trended up. Last year, several homes sold for well over $5 million, a price once unheard of in Osceola County.

“It’s an exciting time to be in real estate and see what’s transpiring,” Cosgrove said. “We have one (vacation home) listed at $14 million that’s getting some activity and a few in the $9 million range.”

Have a tip about Central Florida development? Contact me at lkinsler@GrowthSpotter.com or (407) 420-6261, or tweet me at @byLauraKinsler. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.


Advertisement