Disney expands into real estate
USINFO | 2013-12-01 20:17

If money is no option, Mickey Mouse or Donald Duck can be your neighbours in Walt Disney Company's new residential community where homes cost up to $7 million.

It's the only place in the world where homeowners can actually live on Disney park property.

Disney is building 450 homes at Golden Oak in Florida, and out of the 100 that have been completed, all have sold. The starting price is $1.7 million, the Daily Mail reports.

The perks include park passes, door-to-park transportation, extended hours for visiting attractions and use of the theme park's numerous function rooms.

The homes exude luxury but they also have been Disney-filed with some homes incorporating Mickey Mouse shaped windows and swimming pools

Brazilians make up a number of the Disneyphiles who have come to purchase the homes. Although some are vacation houses, a number have decided to settle there permanently.

As you might expect with a company as protective over its brand as Disney, there are just seven builders who are allowed to construct the houses in Golden Oak.

Even after paying a small fortune to own the property, builders and residents are subject to numerous restrictions.

Front doors have to be solid wood. Shutters must open and close. Even gutters most be rounded and made from copper.

The site won't be completely finished for a few more years.

It's not the first time the company has decided to enter the real estate market. In the 1990s it created Celebration in Florida - a town with more than 4000 homes.

Disney is only involved at arm's length in terms of running the community which is now controlled by the residents.

Disney say with Golden Oak, it wanted to create a resort community that would appeal to families and also focus on the theme park too. They realised there was also demand for bigger homes.

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