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!
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.
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 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.
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.
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?!
Six years since owners first try to sell the Bella Collina house at $3.45 million, interchanging 7 or 8 realtors, losing already $1.1 from asking price, about $1 million in value of money (interest rate) and probably about $400,000 in tax, fees, Club, HOA, maintenance, etc
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.
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.
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.
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.
This is not a luxury! That’s maybe why about 500 families elected to lose all of their investment in Bella Collina
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?
Nine homes sold for more than $1 million each in Windermere and Horizon West from Oct. 16 to 22.
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.
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”.
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.
“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.
There are two ultra luxury communities that are being built on the shores of the so called pristine Lake Apopka, namely Bella Collina and Oakland Park, which I have no idea who is buying these lakefront properties.
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.
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.