Located just a few short blocks from Universal Orlando is the private residences of Cypress Fairway. Cypress Fairway offers many resort-style perks, including use of a private clubhouse, fitness room, lighted tennis court, two pools and poolside lanai for entertaining, numerous picnic areas with barbecues, on-site car wash, weekday trash pickup in a gated community with monitored residential security and fire alarm system.
Cypress Fairway is also just 10 miles away from the Walt Disney World theme parks. Also, under a mile from the new upscale Mall at the Millenia. Don't forget about the five minute drive to Orlando's premium outlet malls and the Bass Pro Shop on International Drive. As you can see whether your looking for an investment property or renting in Central Florida - Cypress Fairway is where you want to be.
Built in 2000, the property encompasses 20 acres of improvements and an adjacent 30+ acres of dedicated conservation land. Cypress Fairway offers one, two and three bedroom homes with 10 floors plans. These spacious floor plans offer designer kitchens, full size washer and dryer, solariums or screened in porches, monitored alarm systems, energy efficient air conditioning and heating systems, upgraded faucets, shower heads, garbage disposal and microwave. Additionally some units have vaulted ceilings; and garages, carports and storage units are also available.
Looking for additional Bank Owned properties in Orlando? Visit our sister site located at: Bank Owned Homes Orlando
I have checked out the status of Cypress Fairway with HUD about the FHA Approval. The information is at this link:
https://entp.hud.gov/idapp/html/condoslct.cfm?field_office=0444&condo_ke...
As you can see it is approved for FHA but they require proof to show 50% owner occupancy. I do not believe that the complex is over 50% owner occupied but I could be wrong and you will have to contact the HOA President I believe for this information. If anyone has any information on this complex and the owner occupancy levels please email them to me or leave a comment here!
Cypress Fairway Featured Property For Sale - 5467 Vineland Road - $127,500! from mark daniel
We received a letter on the door stating 17 cars where broken into on July 22, 2009. Cypress Fairway is supposed to have a guard roaming 24/7 and it's in a gated community, so one wonders how 17 could get broken into. I could see 1 or 2 but 17? It's either an inside job or the security guard. I don't know how in 2009 17 cars can get broken into and one car alarm doesn't go off. If you have any information on this crime please contact police immediately. In the meantime, lock your car and get an alarm.
You may come across other condos for sale in Cypress Fairway but be aware of the dreaded Short Sale. These listing will have "SUBJECT TO THIRD PARTY APPROVAL" in them. In our experience with Short Sales they are a waste of time for everyone involved. What is it? In short, the current owner is behind in their mortgage and they are attempting to sell before they are foreclosed on. I say the word attempting because that is what really is going on. These are listed at great prices but most of the Real Estate Agents that list these do not even know if the lender will accept the short sale. The average time it takes to hear back on a short sale is 3-6 months and usually it's a no and that time is wasted. That is why you will not see any short sales on our website here at www.cypressfairway.com! Again, a listing with "Listing price may not be sufficient to cover all encumbrances, closing costs, or other seller charges and sale of Property at full listing price may be conditioned upon approval of third parties" is probably a listing you want to stay away from go with a Bank Owned home or condo instead. Bank Owned can close quick because they have already gone through the foreclosure process unlike short sales that are currently going through it!