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.
We found home prices in Bella Collina falling as low as $192 sf over the last 10 years. Bella Collina is a ghost town already 18 years with only about 7 to 9 percent real family year round occupancy. There were little sales despite the desperate affords of Randall Greene. Paul Simonson and the owner, Dwight Schar.
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.
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.
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.
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.
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?
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?!
“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.
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.
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!
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.
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.
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.
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.