Residents of a proposed Seminole County community will be able to strap on their water skis and cut across the water — without leaving the neighborhood. The community, known as Geneva Ski Lake, will feature 12 single-family residential lots on 113.59 acres near Geneva, according to plans filed with the county. The lots will range between 1.2-3.2 acres, much larger than the industry average. Reported Bizjournals.com.
The homes will border a 28-acre ski lake that has yet to be excavated. The plans are an innovative way to work with the property’s rural zoning designation that requires large lots in Orlando and Central Florida Real Estate Market. “It’s a very creative way to utilize a piece of real estate that doesn’t have the ability to get any real density on it.”
Pandemic pains market
Local home sales declined in May, the most recent month with data available. There were 2,127 homes sold in the region last month, down 44.1% from the 3,806 homes sold in May 2019 and down 11.1% from the 2,393 sold in April, according to the Orlando Regional Realtor Association.
Still, prices remained fairly stable. The median price last month was $259,900, up 7% from the May 2019 median price of $243,000, but 1.5% lower than the April median price of $263,750.