For the child in all of us who happens to have a very adult-size bank account, Walt Disney Co. will offer vacation homes in its Florida theme park. The company, which unveiled the proposed 980-acre Golden Oak development today, is gambling on a rebounding luxury real estate market in a city that's been hard-hit by foreclosures: the homes will have a $1.5 million to $8 million price tag. The development will sit on two current golf courses within Disney's 40 square miles of theme park, and will feature 450 homes and a Four Seasons hotel.
Disney is sticking its toe back into the residential real estate pool for the first time since the mid-'90s, when it unveiled the Celebration development just outside its parks. While that was promoted as the new model of small-town living, Golden Oak is intended as a resort community focused more on the Disney vacation experience, reports the Wall Street Journal. Its first homes are expected to be finished next year. Interested? Start by plunking down $25,000 to get on a sales reservation list. Click here to see photos.
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