Lake Hart

Lake Hart is a rural community in the Orlando, Florida metropolitan area. Lake Hart real estate is mostly comprised of single-family homes ranging in size from medium (three or four bedrooms) to big (four, five, or more bedrooms), as well as apartment complexes and high-rise flats. The majority of residential real estate is occupied by a mix of owners and tenants, with the exception of a few vacant lots.

The presence of vacant apartments or residences is a common occurrence in Lake Hart. The current vacancy rate in the local real estate market is 19.9 percent. This is higher than the rate of vacancies in 84.9 percent of all U.S. neighborhoods, which is the highest in the world. Furthermore, the majority of unoccupied housing in this area is vacant all year. Especially in communities dominated by new development that has not yet been occupied, this can sometimes be the case.

While high vacancy rates are not uncommon in some communities, they are frequently associated with areas that are plagued by long-term vacancy issues. If you reside in this area, you may notice that a number of the buildings in your neighborhood are genuinely vacant at times.

This area, Lake Hart, will appeal to those who enjoy the look and feel of new houses and newly constructed subdivisions. One hundred and ninety-six percent of the homes and other residential real estate in this area were built after 1999, which is a larger proportion of new homes than you will find in 99.5 percent of the neighborhoods throughout the United States.

Everything in the area has a fresh, new vibe about it. It’s true that the concentration of newer residences in this area is so high that they fully dominate the surrounding scenery. Residential real estate in most areas is constructed throughout a range of time periods, however in this neighborhood, the majority of the housing was constructed between 2000 and present.

The Lake Hart area is widely regarded as a good alternative for those seeking an executive lifestyle. Based on the number of wealthy, well-educated professionals, executives, and managers who choose to live in this community, it ranks higher than 93.2 percent of Florida neighborhoods for executive living.

The spacious homes that are prominent aspects of the real estate in the neighborhood, as well as the high rates of real estate appreciation observed here when compared to other neighborhoods in the state, make this a desirable place to live. This area is not just a fantastic choice for highly educated professionals, but it is also a very wonderful choice for families with school-aged children, as well.

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