Priced from $119,900 - Lush landscaping, design variety defines these new homes for sale in Orlando, Florida - An ideal first-time residence or the perfect Buy-to-Let property, with a premium location just minutes from the New Medical City. Lake Nona is a multi-faceted, 7,000-acre master-planned community in the city of Orlando that is destined to become one of the finest communities in the country. Combining the very best in planning and design principals, Lake Nona is a large-scale, livable community with exceptional healthcare, kindergarten through graduate-level education in medical and life sciences, diverse workspace offerings and comprehensive shopping and entertainment choices. The centerpiece of the community is a burgeoning life sciences cluster becoming known as the Lake Nona Medical City. It includes the University of Central Florida College of Medicine and the Sanford Burnham Institute for Medical Research at Lake Nona. Construction is underway on Nemours Children's Hospital, one of the nation's largest children's health systems, as well as the Orlando Veteran Affairs Medical Center, which will serve Central Florida’s 400,000 veterans. Both Lake Nona facilities are scheduled to open in 2012. In addition, the University of Florida announced its plans to build a Lake Nona academic and research center, which will house a Comprehensive Drug Development Center, the UF College of Pharmacy doctoral program and biomedical research laboratories. Each eSMART high performance home includes at least 15 eSMART features that save energy, conserve water and improve indoor air quality. Resort-style pool with cabana for great outside entertaining 1/2 court basketball court, Tot Lot playground with slides Lake Nona area, Min. from Orlando International Airport, Walt Disney World Resort, Universal Studios and the new Medical City; to include UCF College of Medicine, College of Nursing, VA (Veteran's Affairs) Hospital, University of Florida Medical Research Centers, Nemour's Childrens Hospital, Sanford Burnham Institue, M.D. Anderson Cancer Research Center Easy access to Hwy 417, 528 and the Florida Turnpike Minutes from Florida Mall, Millenia Mall and the Waterford Lakes Town Center, plus easy access to Downtown Orlando. Convenient to Restaurants & Shopping. 45 min. to Cocoa Beach. Golfing, Fishing and All Recreation nearby. This 2 story town home is a spacious 1313 square feet offering 2 bedrooms with 2.5 baths with a single car garage. The downstairs living area consists of the kitchen, dining room, family room and a 1/2 bath. The upstairs features two spacious owner suites with walk in closets and on-suite baths. GE appliances are included currently with the sale of all units. Beautiful landscaping, brick pavers on the entry way and driveway are crafted for a maintenance-free lifestyle, all being part of the low Homeowners Association Fee which also includes ground maintenance in all communal areas of the clubhouse, pool, kiddies play are and basketball court, combined with the added feature of exterior building and roof insurance. All in all, this property provides a superb location with tremendouse potential for growth and appreciation in relatively short period of time. Whether consideing purely as an residence, 2nd home or as a Buy-to-Let, with pricing at this level all the financials stack up in the purchasers favor; Purchase Price - $129,990.00 Real Estate Taxes - $1500.00 Per Annum / $125.00 Per Month (based on 2009) Homeowners Association - $2,124.00 Per Annum / $177.00 Per Month (actual) Projected Rental Income - $13,200.00 Per Annum / $1,100.00 Per Month Gross Rental Yield - 10.15% Net Yield can vary depending on the management option selected