Ginn� Reunion Resort & Club Comparative Market Analysis (CMA)

Isleworth is located 10 miles from downtown Orlando on the Butler Chain of Lakes, near Bay Hill and the Dr. Phillips area. It has grown to occupy its rightful place as one of the best country club communities in the United States. The 800-acre neighborhood has seven miles of lake frontage, protected by the State of Florida. A Mediterranean-style clubhouse and Arnold Palmer-designed championship golf course allow the residents to "live the good life" in a safe and secure environment. The entire Isleworth community consists of less than 300 homes.

Large-scale sculptures by some of the art world's most famous names have been appearing on the grounds of the golf course. In all, 26 works by such luminaries as Max Ernst, Henry Moore and Joan Miro adorn the grounds of the exclusive private club for the members' enjoyment.

This community has become famous, among other things, for being a distinctive neighborhood in which many professional athletes live. Tiger Woods, Shaquille O'Neal, Wesley Snipes and Ken Griffey, Jr, like to make their homes here. Isleworth is the principal residence for CEOs, sports stars and many of the world's entertainers; this community is considered "Hollywood East."

Single-Family Homes - prices start around $2 million and go up in the tens of millions of dollars. Consistently stunning, all custom homes are designed by architects in accordance with the Design Review Board and have been built by some of the best builders in Central Florida. From its manicured lawns and fairways and meticulously maintained boulevards, to extraordinary residences and pristine lakes, this premier subdivision is absolutely unique.

The new Gardens villas capture the essence of simple, yet distinguished luxury artfully composed in the imagery of Old World Mediterranean elegance. This is a botanical oasis situated at the front of this community with unique villa homes in a blend of attached and stand-alone structures. This is a brilliant detailed combination of high-end functional design; flexible interior and outdoor living spaces; and grace, style and sophistication. Extensive use of private garden courtyards and windows create an atmosphere ideal for formal and informal lifestyles. Isleworth also has plans for new townhomes to be released in the near future. Prices are expected to start around $1.5 million to $2 million.

Amenities include excellent tennis facilities with a pool, a fitness center, massages, aerobics, boat ramps, storage, summer camps for children, and lets not forget the exquisite clubhouse and championship golf.

Prices range from $400 / sq. ft. for homes that were built in 1987 with outdated interior finishings and functionally obsolete floorplans (basically teardowns in this community), to $1,000 / sq. ft. for newer homes or ones that have recently been remodeled. The homes most comparable to Reunion are homes built in 2000 or later, golf course and conservation frontage, and between 3,000 - 6,000 sq. ft. and on less than one acre. There are currently 4 active listings in Isleworth matching this criteria and the list prices range from $533 / sq. ft. to $810 / sq. ft., with a median list price of $628 / sq. ft.

HOA dues range from $456 / month to nearly $1,000 / month depending on what section of Isleworth you live in. Real estate taxes are approximately 1.4% of your purchase price. A golf membership at Isleworth is just north of $100,000 with sales tax and dues are roughly $2,000 / month.

With an average sales price of $300 - $400 / sq. ft. for brand new, high-end custom estate homes in Reunion, prices are substantially less than what can be purchased at Isleworth. HOA dues and real estate taxes are slightly higher at Isleworth as well. The golf membership is significantly higher and is in excess of $100,000 with dues of roughly $2,000 / month. Isleworth offers one championship Arnold Palmer golf course. Reunion offers 3 signature golf courses, an Arnold Palmer, Jack Nicklaus and Tom Watson. The golf membership at Reunion is often waived for company inventory and is $15,000 for resales. Club dues are $570 / month.

The Lake Nona community in Orlando is a treasured oasis amidst 8,000 acres of lush green meadows and freshwater lakes under a canopy of tall oaks, pines, and native cypress trees. All of this beauty is set in a location only 10 minutes from Orlando International Airport, 20 minutes from the city's thriving downtown and 35 minutes from the Atlantic Ocean. Lake Nona is home to several professional golfers, both PGA & LPGA, and several other CEOs, sports stars and entertainers.

The Estates at Lake Nona, with the prestigious Lake Nona Golf & Country Club, comprise almost 500 acres along the shores of Lake Nona, Buck Lake and Red Lake. This exclusive enclave is home to just 300 families. Nestled among the bay tree canopies and towering pines that border the fourth fairway, The Cottages at Lake Nona offer a truly unique alternative within the gates of The Estates at Lake Nona. The limited-edition distinctive courtyard residences provide a relaxed, low maintenance lifestyle with all the privacy of a single family home.

Expansive lanais and covered balconies extend traditional living spaces outdoors to take full advantage of the natural surroundings — pools, summer kitchens and even outdoor fireplaces add to the allure. The Cottages classic architectural style is enhanced by charming accents, such as Bermuda shutters and decorative wrought iron gates. Luxurious interior details include deep crown and base moldings, fully cased window openings and doors, arched passageways, designer tiles, granite countertops and oak flooring. The Cottages at Lake Nona are a luxurious retreat for the discriminating buyer.

The Cottages and The Estates are just two of the amazing sections of the Lake Nona neighborhood. Other sections include the Courtyard Homes at Chelsea, elegant courtyard homes from 3,000 square feet designed and built by Kamenoff-Hughes and Cahill Custom Homes. Pre-construction pricing from the $800's. Bevington, an exquisite collection of 15 custom residences on three-quarter to one acre lots. A selection of custom homes is currently available priced from $2.1 million. Mayfair on the Lake, this enclave of only 16 home sites is considered to be the "best of the best". Located between the 10th, 17th, and 18th holes, they offer spectacular views of stunning fairways and greens, and the sparkling waters of Lake Nona. Kensington Shores, a collection of coach homes, single-family and custom estate residences will be nestled along the shores of Lake Nona.

Amenities

Amenities include a neighborhood center anchored by a grocery story, with a public elementary school, city park and public recreation center at its heart, canoeing, fishing, an exquisite clubhouse and championship golf, a fitness center, outdoor basketball courts, tennis courts, a child development center, outdoor swimming pool and more.
|

Prices range from $456 / sq. ft. to $627 / sq. ft. for homes most comparable to Reunion (2000 or newer, golf course or conservation frontage, between 3,000 - 6,000 sq. ft. and on less than one acre), with a median price of $513 / sq. ft. Real estate taxes and club dues are slightly higher than Reunion. Golf memberships and monthly dues are substantially higher at $65,000 for the membership and $958 / month. Lake Nona offers one championship golf course designed by Tom Fazio. Reunion offers 3 signature golf courses, an Arnold Palmer, Jack Nicklaus and Tom Watson. The golf membership at Reunion is often waived for company inventory and is $15,000 for resales. Club dues are $570 / month.

	Isleworth	Lake Nona	Reunion
Mean price per sq. ft.*	$628	$513	$400
Number of championship golf courses	1	1	3
Waterpark	NO	NO	YES
HOA dues	$456 - $1,000~ / month	$417 / month	$290 - $519 / month
Real estate taxes	1.4% of purchase price	1.4% of purchase price	1.2% of purchase price
Golf membership initiation fee	$100,000+	$65,000	$15,000
Monthly golf dues	$2,000~ / month	$958 / month	$570 / month
Social membership initiation fee	$20,000	$20,000	$7,500
Monthly social dues	$750 / month	$521 / month	$380 / month
LPGA, PGA or Champion Tour events	YES	YES	YES
Short term rental okay	NO	NO	YES
Self-contained downtown	NO	YES	YES
Gated & manned entry	YES	YES	YES
Private security force	YES	YES	YES
"A" rated schools	YES	YES	YES
Private airport	NO	NO	PLANNED
Home to celebrities & professional athletes	Dozens	Dozens	Dozens

*2000 or newer, golf or conservation view, 3,000 - 6,000 sq. ft. and less than 1 acre