Now You Can Live in Disney World

In an $8M vacation home built on theme park land
By Kate Seamons,  Newser Staff
Posted Jun 23, 2010 7:22 AM CDT
Now You Can Live in Disney World
Now you can live in Disney World...just not in Cinderella's castle.   (Getty Images)

For the child in all of us who happens to have a very adult-size bank account, Walt Disney Co. will offer vacation homes in its Florida theme park. The company, which unveiled the proposed 980-acre Golden Oak development today, is gambling on a rebounding luxury real estate market in a city that's been hard-hit by foreclosures: the homes will have a $1.5 million to $8 million price tag. The development will sit on two current golf courses within Disney's 40 square miles of theme park, and will feature 450 homes and a Four Seasons hotel.

Disney is sticking its toe back into the residential real estate pool for the first time since the mid-'90s, when it unveiled the Celebration development just outside its parks. While that was promoted as the new model of small-town living, Golden Oak is intended as a resort community focused more on the Disney vacation experience, reports the Wall Street Journal. Its first homes are expected to be finished next year. Interested? Start by plunking down $25,000 to get on a sales reservation list. Click here to see photos.
(More Walt Disney Co. stories.)

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