All in the Family

Builders across the country are turning their attention to multigenerational communities that allow mingling among retirees and young families, but Ample Realty and ICI Homes have gone one step further. The companies have joined forces to build 74 estate homes in Orlando, Fla., priced between $300,000 and $400,000. The homes in Lake Price Estates will feature a 600-square-foot multi-generational addition to house the homeowner’s adult children or parents. Multigenerational housing has been pushed to the forefront due to longer life spans, soaring home prices, and the exorbitant costs associated with independent- and assisted-living facilities. In fact, the National Association of Realtors reports a 24-percent boost in Orlando’s median price from $137,700 to $170,100 during the past year. | Read More