The last week and a half has brought increased activity to the Orlando Apopka Airport. Several of the best values on the field were "scooped" up by investors and owner/users who feel that the deals likely won't get any better than this. One property closed this week and three more are in contract. Another property closed about 3 weeks ago as well.
Two of the properties had buyers in close second, wishing they had made a faster move.
Though these deals were unprecedented, there are still a few left. For example, there is a 56' X 55' lot on the North end overlooking the pond and retention area. No worries about flooding, it is 20' above both with a great view. This is one of the few areas where you could ad a deck to your hangar when you build. This lot is priced at only $100K!
With the developer resuming work on the South Condo, and a rising confidence that this is the right time to buy; values may rebound in the near future. If you have ever considered purchasing at OAA, don't wait.
For more information on the airport and available listings, visit our website: www.chandellerealty.com. Not all properties are listed on the MLS, some are FSBO. Because we have relationships with many of the owners, we often hear when a great deal is about to become available, even when it is not our listing. We were able to give our clients an advance heads-up on the recent deals.
Stay tuned for some positive news on the property tax issue from my last blog.