Construction for the new units in the vacation development is expected to start this summer.
Studio and one-bedroom vacation home options are coming to The Grove Resort & Water Park in Winter Garden.
The Terraces at The Grove Resort will be the newest addition to The Grove Resort and Water Park, a vacation home destination located at 14501 Grove Resort Ave., Winter Garden. The studio and one-bedroom condos will be the first ones at the resort, which comprises primarily two- and three-bedroom units.
The Terraces will add 160 new units to The Grove Resort. Most of those will be 360-square-foot studios and 482-square-foot one-bedroom condos, with sale prices ranging from $189,000 to $284,000. All studios and condos — like The Grove Resort’s existing two- and three-bedroom units — will come fully furnished. When owners aren’t staying at their residence at The Grove Resort, the residences can be placed in a short-term rental program to generate revenue to offset the cost of ownership. Additionally, each residence is maintained by the resort.
Noah Breakstone, CEO of Terraces developer BTI Partners, said the studio and one-bedroom units help expand the resort’s vacation residence options to guests.
“It looks, feels and acts completely as a hotel, but all of the units are individually owned,” Breakstone said. “The Terraces is our last phase of (the resort). … The beautiful part about the environment of The Grove Resort is when you come here with your family, you feel like you’re at home. You have a living room, you have a dining room, you have a full kitchen, you have a washer and dryer — so you’re not crammed into one hotel room.”
Dominic Pickering, director of sales at The Grove, said 80 of the 160 units at The Terraces will be studios, 56 will be one-bedroom condos and the remainder will be two-bedroom units. Construction of The Terraces at The Grove Resort will begin this summer and is expected to be completed by the end of 2021 or early 2022. Sales for residences at The Terraces launched Feb. 27.
“We’ve had a lot of demand over the last couple of years from guests (for one-bedroom units),” Pickering said. “There are a lot of guests that don’t want a two- or three-bedroom unit. They want a smaller unit, because they’re a smaller group. … Separately, there’s been an awful lot of buyers who’ve said, ‘Wouldn’t it be lovely to have an entry-level (option) around $200,000.’ So, essentially, that’s what we’ve created.”
The Grove Resort & Water Park opened in 2017 and currently has 878 two- and three-bedroom vacation residences. The resort is filled with amenities such as its Safari Water Park that offers multiple slides, a lazy river and a surf simulator; 6,300 square-foot game room; three swimming pools; an onsite spa; a fitness center; high-end restaurants; a large grab-and-go market; lakefront pier and three bars and lounges onsite. Amenities also include a pool with private cabanas, poolside bar, fire-pit seating area, gym, grab-and-go market and a casual lounge. Residents and guests of The Terraces also will be able to take advantage of the other amenities offered at The Grove Resort.
“The Grove Resort & Water Park attracts a diverse group of buyers and resort guests from all over the globe,” Breakstone said. “We offer them a world-class resort experience coupled with a feeling of ‘being at home’ thanks to the design of our hotel residences; all just minutes from the Walt Disney World’s park entrance.”
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