Disney to build luxury homes


September 5, 2010 at 12:00a.m.

Associated Press

ORLANDO

The Walt Disney Co. is launching an ambitious effort to woo some of the nation’s most affluent travelers, building multimillion-dollar homes in a new gated community it’s creating at its famous Florida resort.

About 30 properties — listing for $1.5 million to $8 million — will be available for purchase this year in the 980-acre Golden Oak resort community at the Walt Disney World Resort in Orlando. The company aims to ultimately build 450 homes there, each between a quarter acre and three-quarters of an acre in size.

Disney said it hopes to have the first homes constructed by next year.

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