The community of Lake Nona got its start with the construction of an exclusive golf and country club back in the mid-1980s. Then came the construction of the Central Florida GreeneWay, also known as State Road 417, and the access the highway afforded. In the 1990s, real estate development group Tavistock bought thousands of undeveloped acres in Lake Nona with the idea that, one day, the area would become a burgeoning city.
This proved to be keen foresight. Today, the neighborhood is one of Orlando’s hot spots, and living in Lake Nona affords residents access to exemplary education and a community that’s undergoing rapid expansion. In Lake Nona, green homes, parks and other outdoor spaces, carefully planned neighborhoods, pedestrian-friendly design and family-friendly living beckon. The building boom has been driven in part by the business and education growth. Both the University of Central Florida (UCF) and the University of Florida have staked claim here, along with several hospitals, national and local sports organizations, tech companies and a host of businesses.
Housing in Lake Nona is versatile and largely new. Development abounds, from luxury apartments to ecologically sound town homes and a myriad of single-family subdivisions. Recently, RCLCO Real Estate Advisors ranked Lake Nona 12th nationally for planned-community sales overall. The average sales price in Lake Nona is a relatively steep $399,000. The high home prices might make living in Lake Nona feel exclusive, but it doesn’t have to be. The neighborhood boasts lovely homes abound at varied price points, and its versatile options make it a sound choice for singles, couples, young families and retirees alike.
Developmental planners of this growing neighborhood have always wanted living in Lake Nona to be full of activity. Numerous walkways and bike paths encourage pedestrian activity, while parks, gardens and playgrounds give residents plenty of reasons to get outside. Lake Nona’s Orlando Medical City provides 7,000 acres of intentionally planned community space that features the University of Central Florida’s College of Medicine, the Nemours Children Hospital and the M.D. Anderson Cancer Center Orlando. The community prioritizes sustainability building to Leadership in Energy and Environment Design (LEED) standards and participating in the Green Building Rating System.
If you’re living in Lake Nona and travel frequently for business or leisure, you’ll appreciate the neighborhood’s convenient proximity to the airport, as it’s just about 10 miles away. And if you have kids who are keen on hitting the theme parks, Walt Disney World is about 20 minutes away by car and Universal Orlando Resort is less than a 30-minute drive.
Restaurant owners, not surprisingly, are moving in to feed Lake Nona’s rapidly growing population, who enjoy participating in social events and trying new foods. Acclaimed Orlando eatery Pig Floyd’s Urban Barbakoa recently opened a new location in Lake Nona, and popular Turkish eatery Bosphorus has entered the Lake Nona foodie fray as well. These new openings accompany other local restaurants making names for themselves in the area including Chroma, Canvas and the Nona Tap Room.
Getting Around Town
Residents and visitors can get to and from Lake Nona with ease thanks to the Florida GreeneWay, which cuts right through Lake Nona. Its convenience, however, comes with tolls at regular intervals. Should you decide to move to Lake Nona, you’ll want to get a SunPass to make tollbooths all but obsolete. The town itself was designed from the get-go with walkability in mind, whether amid the myriad shops or out in the various subdivisions, where bicycle and walking paths and green space make for an idyllic, suburban living experience.
As Lake Nona grows, the neighborhood continues to offer all the best aspects of living in Orlando, with airport and theme park convenience, great schools and — for now — reasonably affordable home prices. Interested? Head to Owners.com to search for a house in your price range.
The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of Owners.com, Altisource or any other Altisource® business or entity. The foregoing content is not intended to constitute, and in fact does not constitute, financial, investment, tax or legal advice by the author, Owners.com, Altisource or any other business or entity.
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