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Star Tower - Q3 2023

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Compliments of Evan Caulfield

Star Tower Q3 2023 Market Update

2019

98 $240 PER SQFT

$261 PER SQFT

$315 PER SQFT

Evan@stockworth.com

Condominium Active Number of Listings (Area Code 32801)

Condominium Median Sale Price, Sold Price Per Square Foot (Area Code 32801)

$233 PER SQFT

407.432.9767

2022

2023

99

$327 PER SQFT

79 59 42

85 61

67

45

48

65 52

Freddie Mac Average Mortgage Rates U.S. 30 Year Fixed-Rate Mortgage (FRM) 8%

6%

4%

2%

0%

2018

2019

2020

2021

2022

Downtown Orlando Mixed-Use Tower Breaking Ground in 2024 A new 16-story tower located in the South Eola neighborhood of downtown Orlando will break ground in 2024 and complete construction by 2026. The tower, to be known as “550 Shoma,” will be managed by the Miami-based Shoma Group and is poised to offer 17,160 sqft of retail space, complete with an upscale food hall concept. The concept is inspired by the flagship location in Miami, which boasts six food zones, encompassing street food, raw food, a biergarten, a lounge bar, Americana, and a cafe/bakery. The residential units will range from 756 to 1,472 sqft, including live/work units measuring 1,229 sqft. The project will feature a diverse range of amenities, including a fitness center, yoga studio, sauna, business center, co-working cafe, podcast studio, club room, and a pool area with a summer kitchen. Additionally, the project will offer a dog spa, a movie theater, package rooms, storage units, and highspeed WiFi. © 2023 Stockworth Realty Group LLC. All Rights Reserved. Stockworth™ is a registered trademark licensed to Stockworth Realty Group LLC An Equal Opportunity Company. Equal Housing Opportunity.

2023


Q3 2023 Activity in Star Tower

Status

Address

Beds

Full Baths

Half Baths

Living Area

Price

Price Per SqFt

ACT

Unit 906

2

2

1

2,000

$729,975

$364.99

ACT

Unit 1406

2

2

1

2,000

$875,000

$437.50

PND

Unit 1003

2

2

0

1,765

$599,900

$339.89

PND

Unit 1401

2

2

1

2,000

$720,000

$360.00

SLD

Unit 604

2

2

1

2,000

$790,000

$395.00

Date Sold

8/7/2023

*Based on information from the Orange Property Appraiser. This information may or may not include all properties sold in Star Tower 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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Compliments of Evan Caulfield

407.432.9767

Evan@stockworth.com


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