Located just 10 minutes from the Walt Disney World entrance, The Terraces at The Grove Resort will be the newest addition to the very popular Grove Resort & Waterpark. It will be a stylish, 4-story building of luxury condo hotel units nestled between the existing Grove Resort buildings and the tree-lined shores of Lake Austin.
With very few exceptions, most vacation properties in Orlando have 2, 3, 4 and even as many as 10 bedrooms to cater to vacationing families. And prices typically start at $300,000+.
The Terraces, however, will consist of studio units starting under $200,000 and 1-bedroom units from $229,000+. And that includes all furnishings! Because of the size and affordability of these condo hotel units, they are likely to generate lots of interest.
The Terraces will have a full complement of amenities:
- Pool with private cabanas
- Poolside bar
- Fully-equipped gym
- Grab & Go market
Additionally, residents of The Terraces will have access to all of the amenities of the adjacent Grove Resort including:
- 3 restaurants
- 3 large pools
- Pool lounge
- Full-service spa
- Fitness center
- Grab & Go market
- Lobby bar
- Boat/fishing dock with lake-related water sports
- Meeting space, 7,500 sq. ft. for weddings, corporate events
People staying at The Terraces will also have access to The Grove Resort’s $20 million waterpark, which includes:
- Flow Rider wave simulator for surfing
- Lagoon-style pool with beach entry
- Water slides
- Kiddie pool
- Lazy river with waterfalls
- 4,000 sq. ft. bar and grill
As a condo hotel property, owners will be able to use their Terraces residence when they’d like and place it in The Grove Resort’s rental program when they’re not there. The rent revenue it generates from guests will help offset the costs of ownership.
With only 136 condo hotel units, 80 studios and 56 one-bedroom units, The Terraces will likely sell out quickly. Construction is tentatively scheduled to begin summer 2020 with a completion data around December 2021.
Got questions about The Terraces at The Grove Resort? Check out our Terraces FAQs here.
If you are interested in learning more about The Terraces at The Grove Resort, please feel free to ask specific questions or request our detailed data sheet. We will respond within 24 hours (usually much sooner). Contact Joel Greene at Joel@CondoHotelCenter.com or call (954) 450-1929.