Lake Mary is a suburb located in the Greater Orlando metropolitan area of Seminole County, Florida. It’s actually one of the highest ranked Orlando suburbs — which is really saying something given that almost all of them are high-ranked. Keep reading to learn why Lake Mary might be a top place to invest in real estate.
Lake Mary, Florida: Highlights
Located just 18 miles from downtown Orlando, Lake Mary possesses the best of both worlds: small-town friendliness and big-town amenities.
Residents affirm that Lake Mary is a truly tight-knit community. It enjoys some of the best schools and lowest crime rates of all central Florida towns.
Lake Mary is also known and loved for its small-but-mighty economy. It’s teeming with high-end job openings, upscale hotels, and boutique shopping and dining. And things will only get better as more and more large businesses move their headquarters to Florida.
In other good news, Lake Mary’s proximity to Orlando means it’s just a short drive away from all sorts of opportunities. Lake Mary residents can take day trips to Disney, Orlando Studio, LEGOLAND, and huge swathes of the Atlantic coast.
No wonder the town’s population grows by several percentage points each year!
Why to Invest in Lake Mary, FL
“Buy land, they’re not making it anymore.”Mark Twain
As Mr. Twain alludes to, Lake Mary only has a finite amount of real estate to grab hold of. With supply staying the same and demand rising more and more with each passing year, home prices in Lake Mary are projected to continue to rise.
Take a look at the stats below and you’ll see what we mean:
- Lake Mary homes sell after just 9 days on the market, down from 11 days last year.
- As of July 2022, Lake Mary home prices are up 26% from last year.
- The average Lake Mary home now receives 9 offers.
- The median home price is now $448,000.
Suffice to say that Lake Mary-area real estate is a good investment — you can use it as a hedge against inflation, convert it into short- or long-term rentals, or focus on property improvement.
But standing out in a market as hot as this one isn’t easy. Scooping up a Lake Mary home before the next prospective buyer does so requires motivation, constant research, and more-than-ample funds. Some buyers have leveraged all-cash offers to stand out from the rest; if you can afford to do so, taking this once-drastic step may be the clearest path forward.
How to Get Started
Regardless of your exact goals, our local experts at Team Icon are here to help you reach them. We’re confident that we can help you find exactly what you’re looking for! With over 30 years of experience navigating the local market, we’ve already helped clients similar to yourself achieve their investment goals.
Contact us today by filling out our online form or giving us a good old fashioned phone call at (407) 569-ICON. We look forward to hearing from you!