Bella Collina Real Estate Property: 80% price drop and still no buyer after long 611 days (almost 2 years) 😱

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.
Bella Collina Lots Seem to Lose $5 million in Bad Real Estate Investment
16417 Pendio Dr Montverde FL 34756 price and tax history MLS# O5527142 @ Bella Collina Real Estate Reviews
16417 Pendio Dr Montverde FL 34756 price and tax history MLS# O5527142 @ Bella Collina Real Estate Reviews
  • Jan 2018 asking price: $1,939,000
  • March 2019: $399,000
  • Duration: 430 (my calculation) to 611 days (Zillow reporting – that’s almost 2 years and NO SALE)
  • Price drop: $1.5 million
  • + Additional loses of: $35,000 to per year for high club dues, HOA, tax and value of money

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.

Share on facebook
Share on twitter
Share on pinterest

5 Responses

  1. It is really shocking to know that there is a price drop of 80 % that is massive. Even more shocking thing is that even with such a huge drop in prices still there are no buyers. It clearly means that the management is not handling it properly.

  2. Bella Collina appears to be deserted. There are barely 70 homes in a neighborhood with 900 properties. Dwight Schar appears to be preoccupied with his own firm, which explains why it is only able to reach 10% capacity.

Leave a Reply

Your email address will not be published.