The lot bought for $850,900 and sold for $100 after 3 years. Considering the cost of sale, Club dues, HOA, attorney fees and cost of money, I would assume the Bella Collina investor lost $900,000. A couple of years ago, it was sold for $27,500 only.
Other properties on Bella Collina were sold at about $200 per sf and since there are some 700-800 deserted lots available and almost no demand (Don Juravin found 1 sales this year on the Lake County appraisal) I think this house is presented at twice the value.
Going for a cheap losing 4% annual rather than 8-10% a year.Not the only rentals in this remote location (45 minutes from downtown Orlando and not 20 min as advertised). Why do residents not maintain their residence in Bella Collina?!
Don Juravin: Dwight Schar continues to be responsible for homeowners losing money in Bella Collina when his manager is Paul Simonson and his “enforcer” is Randall Greene.$1 million loss or est 130% of investment lost! $740K > 6 yrs later down to $40K.
Bella Collina approved the Richard Arrighi and his Phoenix Companies to build in Bella Collina and no Bella Collina Real Estate to trying to sell the house.
Bella Collina HOA and POA are solely and fully controlled by Dwight Schar who was banned for life from the NFL
Bella Collina POA/HOA association, poor management, broken pavements, unsafe for jogging and walking, dangerous community. Dwight Schar, controls the POA/HOA with rubber stamp board members like Dr. Jeremy Spry and Paul LeBreux.
Don Juravin REVEALS unstable prices in Bella Collina. Bad investment for 500 families who lost $500 million. Dwight Schar, the owner of Bella Collina Florida, is involved in additional businesses like NVR, Inc. (NYSE: NVR) which sells under: Ryan Homes, NVHomes and Heartland Homes brands. It seems like all are under congressional investigation.
“Extremely disappointed and irritated with this company. Have had this for just about 2 months. 1st doorbell installed from the Safe Streets did not work and kept freezing. Called the tech **** and had him out I the Ring doorbell. Still had trouble with it.
FACTS: in 2018 homes only 6 homes sold (Zillow) and for an average of $186 sf after 44 months wait. Consider that lots and homeowners pay $8,000 dues and an additional property tax + 5% value of money + 6% cost to sell the property.
While the rest of the luxury homes in the US are soaring in prices and sales, sales in Dwight Schar’s Bella Collina continue to look desperate, considering it is 19 years on the market with only about 10% real family residents occupancy. Some may call it “pathetic” or “grand failure”.
Richard Arrighi (acting manager), Randall Greene (maintenance guy) and Paul Simonson (Dwight Schar finance guy) who work for Dwight Schar are not doing so well in Bella Collina based on this gloomy house and almost no home or condo sales for the last one or two years.
A record 103 straight months of job gains and signaling the current economic expansion shows little sign of stalling. The unemployment rate fell to its lowest level in half a century last month, capping the longest streak of job creation in modern times and dispelling recession fears that haunted Wall Street at the start of the year.
The desperate homeowner has already lowered his price by $1 million (!) which means that the house was originally priced 50% higher and look at the drop!
Based on court filings against Bella Collina & Dwight Schar, hundreds of residents are unhappy, gave up their property, and lost about $500 million. There are hundreds of court cases AGAINST BELLA COLLINA and its HOA & POA.
This pile of garbage located at the entry is left for weeks because HOA does not care.
Huge investment loss in Bella Collina real estate: 14 years of paying Club, tax, HOA = $154,000 + $518,000 money value + $565,000 actually loss + potential $40,000 club = estimated $1,277,000 investment loss in Bella Collina lot.
In a counter lawsuit filed against PSR Developers, which is owned by Rick Scharich and Paul LeBreux, it’s alleged that the two were involved in a possible real estate scam.
My very rough math shows that is Bella Collina property bought in 2012 for $3.75 and sold it (or it has a value change) in 2019 for $75,000 or $200,000 he/she have lost about $5 million. WOW.
Nine homes sold for more than $1 million each in Windermere and Horizon West from Oct. 16 to 22.
Not selling and not renting….. in Bella Collina. I’m not a real estate expert but a resident. If a smaller house sells for $186 or sf then bigger houses should sell for LESS.
How much Bella Collina homes drop in price? How long does it take to sell a house in Bella Collina? Can Zillow be manipulated by Bella Collina real estate or homeowners?
A mother with three daughters formed a nonprofit org to expose the bullying and mafia-like life in Dwight Schar’s controlled Bella Collina community
Address: 15118 Pendio Dr, Montverde, FL, 34756
Tel: 773.800.0055
Lake County Florida Housing Authority
Florida Housing Finance Corporation
Dwight Schar VICTIMS, Inc nonprofit
US Department of Housing and Urban Development
Florida Courts Help Landlord Tenant
Florida Bar Landlord Tenant Forms
Disability Rights Florida Housing and Evictions
Landlord/Tenant Law in Florida
Controversy in Bella Collina Community
“Gangster” Dwight Schar funding Elon University?
Richard Arrighi Exposes Dwight Schar’s Bella Collina
‘Gangster’ tactics, burner phones, threats; Dan Snyder’s fight with Dwight Schar in Bella Collina
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