Category: Foreclosures, Housing Market, Neighborhood.
Tags: Add new tag, Osceola, Poinciana, Polk
In the Orlando area Poinciana is the area which is known for having a large number of homes in foreclosure. Its location, south of Kissimmee, is mostly in Osceola county but is listed in the MLS as being part of Kissimmee. This creates confusion for buyers who may want to live in Kissimmee but not 14 to 18 miles south of Kissimmee in Poinciana.
In December of 2008 the Association of Poinciana Villages contracted with the University of Central Florida to conduct the Poinciana Incorporation Feasibility Study. The study was completed on August 28th, 2009. The study concluded that Incorporating Poinciana into a city was feasible and suggested city boundaries, possible revenue sources, services the city government could provide and the property tax rate of 3 mils.
For more information or a schedule of public meetings to be held in September 2009 see the September 5th article in The Osceola News Gazette.
If incorporated as proposed, Poinciana as a city will be in both Osceola and Polk counies with approximately 74,000 residents. In Osceola county it will extend northeast to include many subdivisions which, although presently in the county, certainly consider themselves more a part of Kissimmee than the distant Poinciana. It will be interesting to see what develops.
To search for Orlando homes visit http://www.richardrileyrealtor.com/