Walt Disney World has introduced {that a} new 4 Seasons Non-public Residences housing improvement is underneath building on the Golden Oak group close to Magic Kingdom. This submit shares particulars concerning the new houses on-site at WDW, in addition to our response to the information and the doubtless demand for this luxurious housing.
The brand new 4 Seasons Non-public Residences at Walt Disney World will characteristic 40 houses, together with 31 models in a mid-rise tower and 9 connected boutique houses, offering residents with distinctive service and unparalleled resort-style residing. With Golden Oak Realty because the unique gross sales and advertising agent, gross sales are anticipated to start in late 2024.
“We’re proud to develop our residential portfolio, constructing on the extraordinary residing experiences that 4 Seasons has delivered to our residents in Golden Oak since 2015,” says Bart Carnahan, President, World Enterprise Growth, Portfolio Administration and Residential, 4 Seasons. “Along with our companions at Host Motels & Resorts, we are going to supply new residents the legendary service, facilities, and experiences of 4 Seasons from the consolation of their new houses throughout the magic of Walt Disney World Resort.”
The brand new 4 Seasons Non-public Residences at Walt Disney World are being developed by Host Motels & Resorts, the nation’s largest lodging actual property funding belief and proprietor of 4 Seasons Resort Orlando at Walt Disney World Resort, in collaboration with 4 Seasons, a pacesetter in luxurious hospitality and branded residential.
Positioned in a five-acre enclave adjoining to 4 Seasons Resort Orlando (lodge pictured beneath), the brand new 4 Seasons Non-public Residences will embrace 31 models in a single mid-rise residential tower. Designed by HKS, the identical architectural agency that designed the resort, the tower’s exterior will mirror the resort’s Spanish Revival type with grand colonnades, columns and arches, French doorways, barrel tile roofs, sweeping stairways and ornamental steel work.
Every unit within the new 4 Seasons Non-public Residences at Walt Disney World will characteristic open flooring plans, premium fixtures, cabinetry and fittings, floor-to-ceiling home windows and personal verandas good for entertaining. Panoramic views of the property could embrace the realm’s pure woodlands, lakes, landscaped gardens, golf course and close by fireworks show. Future residents can select from eight one-story flooring plans starting from 3,494 to 4,327 sq. ft that includes three to 4 bedrooms. 5 two-story, four-bedroom penthouses starting from 6,576 to six,962 sq. ft may even be out there.
With interiors from Parker-Torres Design, the residential tower’s foyer will characteristic an intimate resident lounge and versatile gathering areas. The foyer and customary space’s interiors will pull inspiration from the fantastic thing about the encircling atmosphere by incorporating pure wooden and stone supplies with dwell crops and refined gold particulars. A non-public, resident-only pool surrounded by manicured landscaping and serene lake views will embrace comfy lounge furnishings, cabanas, towel service, pool service bar, kids’s water play space and occasion garden.
Close by, the boutique houses of the 4 Seasons Non-public Residences at Walt Disney World will embrace 9 connected models grouped in 4 buildings and linked by breezeways. Designed by architect Cooper Cary and constructed within the French Moderne architectural type, future residents can have their selection of 4 flooring plans starting from 5,207 to five,540 sq. ft that includes 4 to 5 bedrooms. Every house will embrace its personal outside residing area full with a coated patio, pool and outside kitchen. These owners may even have entry to all facilities within the adjoining residential tower.
Overseeing the entire residential expertise, a devoted director of residences will make sure that residents and their houses are cared for with the identical high quality and repair excellence for which 4 Seasons is famend. Pushed by long-standing commitments to customized service, residents will take pleasure in a tailored home-owner expertise. Concierge and entrance workplace help, all totally staffed by 4 Seasons, will probably be out there 24 hours a day to offer and supply quite a lot of core and a la carte providers together with menu planning, grocery supply, canine strolling, housekeeping, upkeep, entry to premium leisure and extra.
Positioned roughly 4 miles from Magic Kingdom, new residents of the 4 Seasons Non-public Residences at Walt Disney World may even expertise all the advantages of resort-style residing together with Disney service and spectacular facilities by way of membership within the Golden Oak Membership. Membership gives entry to enriching occasions, choose concierge-style providers, a personal clubhouse with eating choices, health heart, pool, Walt Disney World Resort theme park transportation providers, premiere Disney-designed experiences and extra.
Along with resident-only facilities, 4 Seasons Non-public Residences Orlando gives owners entry to the wide selection of world-class recreation and eating choices on the adjoining AAA 5 Diamond 4 Seasons Resort together with 5 distinctive swimming pools, sports activities and health amenities, full-service spa, 4 Seasons Golf and Sports activities Membership that includes a Tom Fazio-designed course, household actions and 6 vibrant eating places together with the Michelin-starred Capa steakhouse.
Building on the brand new residential tower and boutique houses has begun and is anticipated to be full by early 2026. (A good friend who was at 4 Seasons over the weekend despatched the picture beneath.) Gross sales will probably be supplied solely by Golden Oak Realty and are anticipated to start in late 2024. These within the alternative to buy a house can be part of this curiosity record for updates.
Turning to commentary, this isn’t a undertaking about which I care tremendously since Disney bloggers, regrettably, usually are not the audience for these houses. (Unhappy however true.) It’s my understanding that the beginning value for the the brand new 4 Seasons Non-public Residences at Walt Disney World has not been settled upon but, however will probably be a minimum of $3 million per unit. It could possibly be as excessive as $5 million. Once more, beginning costs–not maximums.
I can see the attraction of constructing a brand new house in Florida. As talked about earlier than, we lived in Horizon West for a number of years, which is an space that’s completely booming (it consists of the Flamingo Crossings City Heart retail and eating complicated, for reference). Once we moved into the realm in 2018, there have been solely a few ‘part one’ communities. The primary street was small, and it felt like a mixture of swampland and countryside. There was (and possibly nonetheless is?) a literal orange grove throughout from the place we voted in elections. It felt like I’d think about Anaheim within the early Fifties.
By the point we left, there have been a half-dozen extra developments, many extra cease lights, and extra lanes of visitors. All of which had been constructed within the span of only some years. There have been additionally all kinds of homebuilders, with indifferent house costs from the $300s to $800s. (These numbers are in all probability greater now–they got here near doubling from the time we arrived to once we left.)
Clearly, these 4 Seasons Non-public Residences at Walt Disney World are going to be significantly dearer than that. The important thing distinction, after all, is location. These are on-site at Walt Disney World, similar to Golden Oak. There’s a sea of empty land in Central Florida, a lot of which is swamp and undevelopable. However quite a bit can, and can, be constructed on that. Identical to Horizon West now versus in 2018.
Against this, as soon as these restricted variety of parcels close to Magic Kingdom are fully-developed, that’s it. Adherents to the primary three guidelines of actual property would acknowledge that 4 Seasons Non-public Residences at Walt Disney World has quite a bit going for it on that foundation alone. I don’t know if that makes them “value” $3 million or $5 million or $25 million or no matter.
What I do know is that if I had been writing this text again in 2010, popping out of the Nice Monetary Disaster, I in all probability would’ve been extremely skeptical of Golden Oak. Disney dabbling in an actual property improvement of multi-million greenback houses–with the scars of the housing bubble nonetheless recent–resulted in fierce criticism on the time. I keep in mind studying these remarks on boards again within the day, and nodding in settlement, being completely clueless as to the house appreciation within the decade to return.
Level being, early patrons at Golden Oak have had their purchases vindicated, as house values have skyrocketed since. The Monday morning QB critique would now be that Disney ought to’ve waited a little bit longer to launch Golden Oak, giving the housing market extra time to get well and stabilize. However it’s simple to second-guess that transfer with the good thing about hindsight. I don’t suppose many individuals noticed the Central Florida actual property market exploding the way in which it has, or Walt Disney World’s development within the decade-plus since.
That’s my means of claiming that my knee jerk response to the 4 Seasons Non-public Residences at Walt Disney World is that these houses will probably be massively overpriced at potential $3 to $5 million beginning costs. That’s emotion speaking, primarily based on what I feel a house in Central Florida “ought to” value primarily based on a combination of the subjective worth I’d ascribe to residing on-site together with goal prices of housing within the space.
In my opinion, the excellence between on-site and off-site is essentially arbitrary. There’s a very nice Toll Brothers improvement behind Magic Kingdom that’s about the identical distance from the park because the 4 Seasons. This can undoubtedly be nicer, but it surely’ll even have a major pricing premium by advantage of its standing as being on-site.
Is it “value” that? Once more, it doesn’t matter what I feel as a result of I’m not the goal demo for this. Additionally, as a result of that’s not how the housing market works. These are value no matter individuals pays for them–and similar to there’s a motive why Horizon West is dearer than rural Iowa or Brentwood is dearer than Compton, there’s a motive why 4 Seasons Non-public Residences at Walt Disney World will promote for greater than the close by Toll Brothers improvement.
The truth is that on-site houses at Walt Disney World are extremely supply-constrained, and there’s a pretty big pool of diehard Disney followers with giant quantities of wealth who wish to dwell on-site, particularly. Not simply on-site adjoining. A part of that is undoubtedly a matter of standing, however there are actual perks and facilities, and different actual causes for desirous to dwell within the 4 Seasons Non-public Residences at Walt Disney World.
As long as demand from rich diehard Disney followers exceeds the availability of on-site housing at Walt Disney World, these will promote nicely at no matter multi-million price ticket they’ve. It’s much like Storyliving or that Adventures by Disney personal jet tour from that perspective. In some unspecified time in the future, Disney will exhaust its provide of rich followers and hit a wall on initiatives like this. However I’ve realized to not query when that day will come. In all probability not with the 4 Seasons Non-public Residences at Walt Disney World.
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YOUR THOUGHTS
What do you consider the 4 Seasons Non-public Residences at Walt Disney World? Plan to place your identify on the ready record? Would you purchase a house in Golden Oak or any of the deliberate Storyliving by Disney communities? Suppose this will probably be a giant hit, colossal flop, or one thing in between? Any questions? We love listening to from readers, so please share some other ideas or questions you’ve got within the feedback beneath!
