Downtown Orlando’s Largest Multifamily Tower Nearing Completion
Society Orlando, a mixed-use residential and commercial complex, is expected to open in the fall of 2023. The high-rise tower will be the largest multifamily development in downtown Orlando, with 484 residential units (220 more units in phase 2), and approximately 32,000 square feet of commercial space. The first phase will be 26-stories partnered with a 17-story tower in phase 2. Building amenities include a jumbo pool overlooking the city, a communal dining hall, a fitness center, and entertainment lounges. One major tenant, Velocity Esports, will open a huge arcade, entertainment center, and restaurant on the ground floor.
33-Story Marriot Hotel/Condo Building to Start Construction in 2024
A JW Marriot-branded hotel and condominium project steps from Lake Eola plans to start construction in the third quarter of 2024. If all goes according to plan, this will be the first major condo development in downtown Orlando within the last decade. The project will include 228 hotel rooms, 129 condos, two restaurants, and a conference center. According to CoStar Group, there are 3,522 new hotel rooms under construction in Orlando, the highest in the state.
101 Eola Q2 2023 Market Update
Condominium Median Sale Price, Sold Price Per Square Foot $233 PER SQFT $240 PER SQFT $261 PER SQFT $315 PER SQFT $326 PER SQFT Condominium Active Number of Listings 38 40 42 48 50 56 57 60
Caulfield 407.432.9767 Evan@stockworth.com 2022 2023
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Q2 2023 Activity in 101 Eola
*Based on information from the Orange Property Appraiser. This information may or may not include all properties sold in 101 Eola during the reporting period. The accuracy of information in this report is dependent upon the aforementioned source, and is not guaranteed. If your property is presently listed with another broker, this is not a solicitation of that listing.
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STEP Status Address Beds Full Baths Half Baths Living Area Sold Price Price Per SqFt Date Sold ACT Unit 507 1 1 0 644 $229,000 $355.59 ACT Unit 904 1 1 0 640 $229,900 $359.22 ACT Unit 814 1 1 1 997 $300,000 $300.90 ACT Unit 714 1 1 1 997 $312,800 $313.74 ACT Unit 617 1 1 1 997 $315,000 $315.95 ACT Unit 514 1 1 1 997 $339,900 $340.92 ACT Unit 1113 2 2 0 1,198 $399,990 $333.88 ACT Unit 610 2 2 0 1,198 $419,900 $350.50 ACT Unit 801 2 2 0 1,255 $450,000 $358.57 ACT Unit 1001 2 2 0 1,255 $459,000 $365.74 SLD Unit 716 1 1 0 644 $231,000 $358.70 5/11/2023 SLD Unit 505 1 1 0 880 $322,000 $365.91 5/12/2023 SLD Unit 807 1 1 0 644 $225,000 $349.38 5/17/2023 SLD Unit 1105 1 1 0 644 $229,000 $355.59 5/22/2023 SLD Unit 905 1 1 0 644 $229,000 $355.59 6/5/2023 SLD Unit 703 1 1 1 997 $325,000 $325.98 6/14/2023 SLD Unit 701 2 2 0 1,255 $375,000 $298.80 6/28/2023
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