Bimini Bay, Davenport, FL; A Tale Of Two Communities

Bimini Bay in Davenport, FL was supposed to be a one of a kind vacation home community located near Disney World. The community was supposed to rival the likes of Regal Palms and other such vacation communities. However the reality is far from the dream unfortunately.

Bimini Bay now stands in the middle of controversy and alleged mismanagement. The community has received some bad press of late as well. This Orlando Sentinel article about the troubles Bimini Bay is going through was written on December 3, 2011. Many residents are quite upset about how their community has been managed by the developer, Mr David Meadows. Mr. Meadows company still controls the home owner’s association.

This last summer I had a few investors who were curious about the available deals in Bimini Bay. So I personally called the management team at Bimini Bay this last summer to ask about expected improvements to the community. I was told at that time that the HOA had plans to rebuild the clubhouse, which burned down earlier this year. They also told me that they still had plans to build the water park that residents expected when they purchased their homes. From the flowery language they gave me, it sounded like things were on the mend and they would soon be transforming the community into the vacation hot spot is should be.

As of this writing the clubhouse is still just a shell, there is no security, maintenance has suffered, and there is most certainly no water park.

However, there is a silver lining. A 4 bedroom townhouse can be bought for less than $50,000 in Bimini Bay right now. Now, where else are you going to buy a 4 bedroom townhome 3 miles from Disney World for $50k? Nowhere, that's where. Investors know that the time to get in is while the market is down. This community will recover, and when it does the investors who bought into it now will be sitting pretty. The community is located less than 3 miles from the gates of Disney World and within a half hour drive from almost every attraction in Central Florida. There's nowhere to go but up for Bimini Bay in my opinion.

Homes For Sale In Bimini Bay Davenport, FL

 

Photo courtesy of Merfam at Flickr

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Why Won’t The Media Report The Good News?!

This is something that has always bothered me. Have you ever noticed that no matter what news channel you turn on it’s always negative stuff? I can’t remember the last time I saw a news story about Habitat For Humanity helping a family in need. I sure haven’t seen any news stories about the Toys for Tots program that will give out thousands of toys this year. Why is that?

On to the focus of this post...why won’t the media report on the real estate recovery as passionately as they did about the recession? I believe the media as a whole damaged our country. They reported on everything negative there was to find that could raise their ratings and they piled on needlessly. Now the housing market is recovering and you don’t hear a peep. I think they owe it to the American public to help undue some of the damage they caused.

Poinciana, FL was one of the worst hit communities in America with thousands of foreclosures and market values falling almost 70% between 2006-2010. Over the last year home values have been stable and over the last 3 months home values have even begun to rise. But you wouldn’t know that if you left it up to the media to tell you.

So how about it media types? Do you have the balls to start reporting the truth for a change? We’d all love to hear what’s REALLY going on in the world for once....Here’s what we want...the truth, the whole truth, and nothing but the truth!

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One Act Of Kindness, That’s All It Takes

I recently wrote an article about the Lake Marion Golf Resort community. It was essentially just an informational post about the community and how to get in touch with the HOA. A few weeks after I wrote the post I got a call from a lady who was planning to stay there on vacation. The community is located in the country and she wondered what the easiest way to get there was from the airport.

So of course I gave her directions and a few helpful tips about the community itself. We talked for a few minutes and then I wished her a safe trip and vacation. I really didn’t think much of it at the time. I was just trying to be nice and give some directions.

Three weeks later I received an email from that same vacation goer telling me what a great time she had at Lake Marion Golf Resort during her stay. The amenities are top notch. The community has multiple community pools, a playground, a cookout and BBQ area, tennis and basketball courts, a boat ramp and access to Lake Marion, and a beautiful clubhouse. She wanted to know if there were any condo’s or townhomes available for sale and for what price.

I just happen to be in the process of listing a nice condo down the street from where she stayed so we discussed that as well as other possibilities. We discussed the home owner’s association and what the HOA fees covers along with the amenities. We discussed the trends in prices over the last year in the community. Good news there, property values in Lake Marion Golf Resort have made a strong come back over the last year.

So it looks like I have a buyer for the listing that I’m about to put on the market and it all came from one small act of kindness. Never forget...you never know who you are talking to. So best to put your best foot forward and be kind.

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