Walt Disney World affiliate Golden Oak Development is lining up a new 37.68-acre parcel for the future fifth phase of multi-million dollar homes in its exclusive Golden Oak at Walt Disney Resort community.
The developer is inquiring with Orange County's planning division about amending the Planned Development zoning for Golden Oak to revise access points to this particular parcel, and allow single-family use on this taxable parcel (known as "I" and "K" on PD documents).
The parcel lies north of Vista Boulevard, east of Disney's Fort Wilderness, and southwest of the Four Seasons Resort. Golf View Drive currently runs through the middle of the undeveloped land.
It's not known how many home lots this Phase 5 parcel would be subdivided into eventually. Disney and Golden Oak officials did not respond to requests for comment on Monday.
The company announced in late April that development would start on its Phase 4 neighborhood, Kingswell, with 53 homes of 5,000 to 7,000 square feet on half-acre lots, priced at $3 million or more.
Disney said Kingswell would have the last estate-sized home sites available for purchase within the community, indicating lots on the future Phase 5 parcel may be much smaller. Many Golden Oak homes built in the last two years have been on quarter-acre lots or smaller.
Kingswell is Golden Oak's sixth neighborhood since the private residential community broke ground in 2010. The company announced the addition of Four Seasons Private Residences last year.
Keith Renner, president of Nectar Real Estate and a specialist in Golden Oak home sales, said the exclusive development nearly sells itself now after years of marketing momentum by Disney and brokers like himself.
"It's a tremendous project, I was really excited when they first announced it," he said Monday. "At this point I don't think they're building anything under $2 million. Depending on which neighborhood it is you can buy lots assigned to certain builders, and go through an enjoyable custom design process that will take 12 to 18 months to build. But the spec homes they're building are having a lot of sales success as well."
Among Golden Oak's five existing neighborhoods, all of Kimball Trace is built out, and nearly all of Silverbrook, Carolwood and Carolwood Reserve, Renner said. The Four Seasons Private Residences are also currently under construction, with some custom homebuilders already building spec homes.
Residents receive concierge access to Disney parks, a clear view of nightly fireworks shows, access to the Four Seasons Resort Orlando at Walt Disney World, and a Tom Fazio-designed golf course, among other exclusive amenities.
HCi Planning is Golden Oak Development's applicant and representative with Orange County for the prospective PD amendment.