Providence is a gated community in the north of Lakeland just outside of Tampa, FL. The Providence Golf and Country Club offers buyers move-in ready homes designed at a luxury standard. Families are attracted to Providence for its great schools, and retirees may find the community’s internationally recognized golf course appealing. Buying real estate in Providence, FL can be lucrative, but only if you know when and where to buy.
- Providence is a gated golfing community just outside of Tampa, FL
- The community is abundant affordable luxury homes for families and retirees
- Good schools are nearby in Davenport
- Property prices are still affordable in Providence
- Providence real estate is a good choice for long-term investing
- Average house prices in Providence are up 14.7% since last year
The Best Investing Strategies In Providence, FL
Real estate investors can make a healthy profit by investing in Providence real estate. However, it’s important to develop a tight strategy before investing in property in Providence, FL. Your strategy requires that you set out your short and long-term investment goals and research the Providence property market before you buy.
As a gated community, Providence is attractive to families and older buyers looking for a quiet, peaceful, safe place to live. There are good schools in nearby Davenport and local amenities just outside the community’s gates. The community’s internationally recognized golf course is also one of its greatest draws.
When buying in Providence, consider how you intend to make a profit from your investment. It might be hard to buy properties to renovate and flip in Providence, where the housing market largely consists of high-end, luxury homes. Instead, consider property in Providence as a long-term investment. Look for homes in easy reach of schools or the golf course to ensure that your property is appealing to renters.
Providence, FL Real Estate Investment Tips & Tricks
Before investing in Providence, FL real estate, make sure you read our tips and tricks to help you to get the best out of this gated community’s housing market.
- Consider your demographic: If you’re looking to purchase a large family home, look for properties within easy reach of good schools and transport links. If you want to buy a smaller property for retirees, schools won’t matter so much.
- Look at local property prices: Even within Providence, property prices can vary significantly depending on the street. Check out property prices in different areas to make sure you’re not paying over the odds for your real estate.
- Work with an expert: Team up with a local real estate agent who knows Providence to benefit from expert advice and local knowledge. Your real estate agent can also negotiate better purchase prices on your behalf.
- Keep an eye on new developments: New developments are constantly underway in and around Providence to serve the needs of the growing local community. Keep an eye on development news and target areas that could be up-and-coming in future years.
Is Providence, FL, A Good Real Estate Investment?
Providence, FL is a good real estate investment for buyers interested in making long-term profits. Property prices are still rising across Florida, with some surveys indicating a year-on-year increase of around 8.4% across the state. Providence itself offers a lot of the things that modern buyers are looking for: green space, local amenities, and good schools.
The average property price in Providence, FL is around $602,000. This is higher than other areas of Florida, where the average single-family home now costs just over $400,000, and reflects the luxury of the homes for sale within the community.
The safety and security offered by gated communities means that areas like Providence are growing in popularity across the US. Providence house prices are likely to increase over the coming years even if growth is slow in the short term.
Is It A Good Time To Invest In Real Estate In Providence, FL?
It’s a good time to invest in real estate in Providence, FL. The community is still growing in popularity with buyers, and new amenities are being built every year. New grocery stores, restaurants, and leisure facilities are in the works to provide for residents of Providence as the community grows.
The housing market in Providence, FL is quite competitive, with some figures estimating that house prices in the region are up 14.7% year-on-year, which is higher than the state’s average. While this means that investors will be buying at higher rates than last year, it’s likely that prices are still set to rise. Rental yields in the region are good, and demand for rental properties remains high.
Florida’s population is still growing by an average of 1% per year, and many of these new residents will look for safe, gated communities like Providence. With a median age of 41.6, the average Floridian is of working age and may have a young family or dependents. Real estate investors wanting to invest in luxury properties for long-term gains will find Providence a strong contender.
Best Areas And Neighborhoods To Invest In Providence, FL
Providence is a popular gated community within Lakeland, FL. One of the most sought-after areas inside Providence is Rosemont Woods, an Italian-style vacation village. The properties available at Rosemont Woods are only available as short-term vacation lets, providing opportunities for investors interested in vacation rentals in Providence.
There are plenty of permanent homes for sale throughout Providence, with many of the community’s most popular properties located in the northern part of the area. Chelsea Woods, Grantham Springs, and Lakeside Villas are popular neighborhoods in Providence which offer permanent homes for families, retirees, and young professionals.
Main Activities, Attractions, And Employers In Providence, FL
Providence is located almost halfway between Tampa and Orlando. Residents can visit the restaurants, bars, and sports complexes of Tampa as well as the theme parks and tourist attractions of nearby Orlando. Both cities offer booming industries with jobs available in tourism, hospitality, healthcare, and technology.
Residents aren’t short of leisure activities in Providence itself, either. The community is home to a beautiful clubhouse with a restaurant and a resort-style pool for children and adults, as well as the internationally recognized golf course. The community’s leisure facilities make it a sought-after location among both young families and retirees.