Disney Purchases 26.3 Acres of Land West of Magic Kingdom

Posted on by Mathew Corn Disney Parks, Magic Kingdom

Despite unprecedented parks closures due to COVID-19 and even recent salary cuts for executives, it seems Disney is always looking to expand, and now it’s purchased even more acres of land just west of the Magic Kingdom.

According to the Orlando Business Journal:

“An entity related to Burbank, California-based The Walt Disney Co. has scooped up more land near Magic Kingdom.

On March 31, Celebration Co. bought 26.3 acres for $1.05 million, or roughly $39,923 an acre, west of its theme park and on the southeastern shore of Reedy Lake, Orange County records showed. Winter Garden-based Lake Reedy Development Group LLC was the seller.”

Just last December, Disney purchased an adjacent 235 acres for $6 million. Land purchases such as these are typically related to future developments. Despite current financial setbacks for the company, land is still a finite commodity that can hold its value over the years. Whether this area will be used for a future expansion, resort, or simply additional landscaping to further the secluded ambiance of Walt Disney World Resort is unknown. The land’s proximity to Reedy Lake has also been attributed to a potential upscale, exclusive getaway on the edge of Disney property, but nothing is confirmed yet.

Disney has not made any official statements regarding the land purchase.

Disney Sells Land Next to Vero Beach Resort

Posted on by Mathew Corn Disney Resorts

Disney has sold off approximately 26 acres of land next to Disney’s Vero Beach Resort, according to TC Palm‘s Colleen Wixon.

DVCNews.com reports that the land was previously earmarked for a resort expansion that was ultimately canceled due to low timeshare sales at the resort. The land that was sold is west of the resort’s parking lot, on the western end of S.R. A1A, not including the existing resort support facilities, recreation and parking facilities on that end of the road. The pond adjacent to the facilities is included in the sale.

The land has been sold to GHO Homes, who will build single-family homes and attached villas on the property. The residential development is still being designed, with sales likely beginning in 2021. GHO Homes’ president, Bill Handler, did not reveal the purchase price of the property. Earlier this year, the 32.6 acres of the resort was appraised at $4.6 million, according to Indian River County records.

This sale is not expected to affect existing operations at Disney’s Vero Beach Resort. Disney Vacation Development, Inc. has not issued any comment on the manner.

Make Plans To Visit This Disney Beach Resort!