Encore adding townhomes to Nicklaus-themed Bear's Den in Reunion

The Jack Nicklaus-branded neighborhood on the famed golfer's namesake course in Reunion Resort, where home prices start at $1.2 million, is about to get townhomes.

Encore Homes has filed a Preliminary Subdivision plan (PS) with Osceola County for Phase 3 of its gated Bear's Den at Reunion seeking approvals for 54 townhomes on 10 acres along the 17th fairway.

Encore, a subsidiary of master developer Encore Capital Management, held the ribbon cutting earlier this year for opening of Phase 1, which included 52 lots plus a $3.3 million private clubhouse open only to residents of the community. 

Homes in the community range in size from 5,195 to 10,000 square feet. 

General Manager Rick Feather said Phase 2, with another 23 lots, is currently underway. Several buyers, including the Golden Bear himself, have purchased two or three lots to accommodate larger homes. 

"We'll offer the same opportunity in Phase 2," Feather said. "If someone wants to buy and build on multiple lots, we'll combine them."  

Though it may seem odd to add townhomes to the mix in a community with estate homes -- some selling for over $4 million -- it was always part of the master plan. 

"It's definitely going to be townhomes," Feather said. "Encore will be the developer. We'll start construction early next year."

Feather said the company hasn't decided whether to market the townhomes as fee simple ownership, short-term rental or fractional ownership. The PS filing indicates the developer is not seeking short-term rental approval for the units. Pricing information was not available.

The Bear's Den filing comes as Encore is prepping to start construction on Spectrum Villas at Reunion, a 288-unit condo resort community north of Tradition Boulevard. 

While Bear's Den attracts many permanent and second-home buyers, the condos are designed strictly as another short-term rental option in the resort for guests who don't need a large vacation home.

Phase 1 includes 51 condo buildings, each with four units. The ground floor has a pair of two-bedroom units and each upper floor has a three-bedroom unit. Feather said Encore has pulled building permits for the first building, which would serve as the model and sales center.

A second phase with 21 condo buildings will be built south of Tradition Boulevard.

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

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