This world-class city is already known for its entertainment and activities. With the finest amusement parks available, Orlando draws people from all over the world who want to see their favorite cartoon characters and ride their favorite rides. However, Orlando is much more than that, as the downtown area clearly says. You will see a combination of old and new in this area as renewal projects and brand new luxury housing goes up.

Downtown Orlando Homes for Sale, $500,000 - $600,000

1120 North Hampton Avenue

$599,900

ORLANDO

MLS® # O6187255

3 Beds, 2 Baths, 1,969 Sf

104 East Rollins Street

$599,900

ORLANDO

MLS® # O6181202

3 Beds, 3 Baths, 1,663 Sf

Reduced 0.1%

1006 Venetian Avenue

$599,400

ORLANDO

MLS® # O6177880

4 Beds, 3 Baths, 1,539 Sf

1354 Cumbie Street

$589,000

ORLANDO

MLS® # O6187766

3 Beds, 2 Baths, 1,611 Sf

New

3402 Golfview Boulevard S

$585,000

ORLANDO

MLS® # O6196209

4 Beds, 3 Baths, 1,900 Sf

Reduced 2.3%

2196 Countryside Court

$585,000

ORLANDO

MLS® # O6180006

2 Beds, 3 Baths, 1,994 Sf

Reduced 4%

155 South Court Avenue P-4 (2904)

$575,000

ORLANDO

MLS® # O6183902

1 Beds, 2 Baths, 1,423 Sf

Reduced 3.4%

711 Greenwood Street

$575,000

ORLANDO

MLS® # O6174341

2 Beds, 2 Baths, 1,496 Sf

Reduced 0.5%

4481 Fairview Avenue

$575,000

ORLANDO

MLS® # O6165407

4 Beds, 3 Baths, 1,923 Sf

Reduced 0.6%

3426 Grant Boulevard

$575,000

ORLANDO

MLS® # O6164077

3 Beds, 2 Baths, 1,874 Sf

Reduced 1.8%

32 West Harvard Street

$564,900

ORLANDO

MLS® # NS1077621

4 Beds, 2 Baths, 1,671 Sf

150 East Robinson Street 16b-2

$560,000

ORLANDO

MLS® # O6189939

2 Beds, 2 Baths, 1,133 Sf

Reduced 4.3%

38 East Par Street

$560,000

ORLANDO

MLS® # O6176446

3 Beds, 2 Baths, 2,074 Sf

New

4860 Beach Boulevard

$549,000

ORLANDO

MLS® # O6196381

3 Beds, 3 Baths, 1,814 Sf

3610 Clemwood Drive

$549,000

ORLANDO

MLS® # O6193389

3 Beds, 2 Baths, 1,592 Sf

Reduced 3.2%

1225 Shady Lane Drive

$549,000

ORLANDO

MLS® # O6185305

3 Beds, 2 Baths, 1,072 Sf

2199 South Countryside Circle

$549,000

ORLANDO

MLS® # O6165205

3 Beds, 3 Baths, 2,615 Sf

New

356 South Osceola Avenue 14

$548,500

ORLANDO

MLS® # S5102975

2 Beds, 3 Baths, 1,731 Sf

Reduced 2.7%

750 Essex Place

$535,000

ORLANDO

MLS® # O6122716

3 Beds, 2 Baths, 1,630 Sf

Reduced 3.8%

1415 West Yale Street

$529,000

ORLANDO

MLS® # O6179487

3 Beds, 2 Baths, 1,383 Sf

2314 Brix Street

$526,000

ORLANDO

MLS® # O6194911

2 Beds, 4 Baths, 1,449 Sf

Reduced 1.9%

816 Laurel Ave 1

$525,000

ORLANDO

MLS® # O6192484

3 Beds, 3 Baths, 1,968 Sf

2104 Newman Street

$524,900

ORLANDO

MLS® # O6196811

4 Beds, 2 Baths, 2,216 Sf

Reduced 4.4%

235 Oglethorpe Place

$524,900

ORLANDO

MLS® # O6179464

3 Beds, 2 Baths, 1,111 Sf

Reduced 1%

1341 Radclyffe Road

$519,999

ORLANDO

MLS® # O6188602

3 Beds, 2 Baths, 1,658 Sf

203 West Spruce Street

$519,900

ORLANDO

MLS® # O6181307

3 Beds, 2 Baths, 1,327 Sf

Reduced 3.7%

25 East Rosevear Street

$519,900

ORLANDO

MLS® # O6180366

3 Beds, 2 Baths, 1,316 Sf

Reduced 0.9%

2416 Formosa Avenue

$519,000

ORLANDO

MLS® # O6173402

3 Beds, 3 Baths, 1,780 Sf

Reduced 1%

3315 Clemwood Drive

$515,000

ORLANDO

MLS® # O6170833

3 Beds, 2 Baths, 1,639 Sf

Reduced 1.9%

759 Lake Baldwin Lane

$510,000

ORLANDO

MLS® # T3517220

3 Beds, 3 Baths, 1,842 Sf

Downtown Orlando is home to a stunning urban community, with everything from historical homes to new housing developments. In the historic areas, you can shop for real estate along the old brick paved streets. If you like a more modern area, there are lots of new developments and modern mixed-use plans that will be fashioned much like the Thornton Park Central complex. This neighborhood is full of restaurants and shops with luxury condos above them.

For those who prefer a single family home to condo living, there are some beautiful old historic homes available. You can check out one of the areas that has already undergone its gentrification processes or a place along the outskirts of the downtown area. Some of the more popular historic districts include Lake Eola Heights, Lake Lawsona, Lake Cherokee and Lake Copeland. Many of these districts have attracted a wide array of residents from the middle aged professional to the younger set.

These gentrification projects, however, will cause an increase in prices in the downtown Orlando area, so if you are thinking of coming here to live, you should do it soon. In fact, home prices in some areas are already on the rise, and this is expected to spread throughout the downtown complexes and neighborhoods. Whether you are planning to refurbish an old historic home, to buy one already renewed, or to move into a luxury condo in the numerous mixed use complexes that are planned for downtown Orlando, now is the perfect time to do it.