The Pointe At Hunters Creek construction is moving along nicely. Now, anticipation grows as the heavy equipment clears the land and residents of Hunter’s Creek, as well as their neighbors over in Westshire, are watching as the new development continues to unfold day by day. It’s now clear the Orange County Commission has given its full approval to the new subdivision, which is located just north of West Osceola Parkway and south of S.R. 417.
Speculation began to arise many months ago, when only rumors about a possible new community might take the place of the wooded area and it’s quite certain that Town Center Boulevard will extend even further. Trees by the thousands are being cleared and the ground is in the early stages of being prepared by crews for future infrastructure, which will include drainage, water, sewer, as well as other necessary utilities.
On its completion, The Pointe at Hunters Creek in Orlando will likely consist of about 130 homes, ranging in price from the high $300’s to the high $400’s and will be built by two notable development firms: Ryan Homes and Surrey Homes.
The Pointe At Hunters Creek Construction and Hunter’s Creek Living
For those who live in the neighborhood, it’s a well-known fact that Hunter’s Creek ranked 21st for the best place to live in the country in 2013. This explains why homes listed in this area go much faster than the national and local averages, with their days on the market outpacing many.
At present, construction is expected to last over the next two to three years, which will bring a positive economic impact to the immediate area and further the first rate amenities, shopping, and dining that’s so well known about Orlando internationally. New businesses will likely crop up as the construction of the new subdivision makes progress and that means more jobs and economic opportunity for companies as well as provide more choice and competitive pricing strategies to lure customers.
Over 53 acres of land are part of the project; and, since May of last year, county commissioners seem eager to help their district grow. The real estate market in the area continues to perform quite well, with the median home price up 13 percent, according to the Orlando Regional Realtor Association. The average listing price currently stands at $348,080, with an average sales price of $341,700. In the past five years alone, sales prices in the city have risen some $27.7 percent; and, Zillow forecasts another increase in prices of 8.5 percent over the next year.
Not only will there be an entire subdivision of new construction here, there are currently plans to leave as much as 30 percent of the development unspoiled, in order to provide a more rural, secluded feel for its residents. This will serve as a kind of modest extension to the existing communities around it.
For more information, be sure to check back here to keep abreast of new updates or call 407-616-7286 to register for updates as they become available. Interested parties are advised to contact our office directly to receive information as it becomes available about the new subdivision.