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Disney Is Developing a Residential Community in California
February 28, 2022

Disney Is Developing a Residential Community in California

by The CE Shop Team

Storyliving by Disney Plans to Bring ‘Magic of Disney’ to Coachella Valley

If you love visiting Disney theme parks, you’re in for a treat. The multinational entertainment and media conglomerate announced last week that its theme park division will begin developing residential communities. The new project, dubbed Storyliving by Disney, is sure to thrill fans who are looking “for new ways to make Disney a bigger part of their lives.” 

Disney’s Development Details

Storyliving by Disney is a master-planned concept that will harness the power of the company's famous Imagineers to construct vibrant neighborhoods that ooze the special brand’s magic. 

Storyliving by Disney Design Concept
Source: DisneyParks.Disney.go.com

The first community, called Cotino, will offer about 1,900 residential units across a 618-acre property in Rancho Mirage, California.  Every Storyliving by Disney community will be different and will feature distinctive design spaces and unique amenities that live within Disney’s brand of services. 

Storyliving by Disney Design Concept
Source: DisneyParks.Disney.go.com

The new communities are intended to foster relationships between residents while providing clubs, entertainment, wellness activities, and seminars where residents can interact with each other.

“As we prepare to enter our second century, we are developing new and exciting ways to bring the magic of Disney to people wherever they are, expanding storytelling to Storyliving,” said Josh D’Amaro, Chairman of Disney Parks, Experiences and Products, in a statement.

Storyliving by Disney Design Concept Beach House
Source: DisneyParks.Disney.go.com

While this exciting news is revolutionary for an entertainment powerhouse such as Disney, it isn’t the company’s first foray into residential communities. Disney currently operates a community of 450 luxury homes in Golden Oak, Florida, on the Walt Disney World property. These homes are designed for big money living, with local real estate experts reporting that the average home sells for anywhere between $1.5 million and $10 million.

On top of this resort community, the company also owns and operates Disney’s Hilton Head Island Resort on the coast of South Carolina. Disney just last year celebrated the resort’s 25th anniversary, which has helped pave the way for community developments like Storyliving by Disney. Disney’s Hilton Head Island Resort was one of the first community resorts to be operated by cast members, which members have said makes the resort a one-of-a-kind retreat. 

A Vision Decades in the Making

Storyliving by Disney is a unique concept that marks the company’s latest expansion efforts within the real estate industry. 

While this announcement seems new, the idea of a Disney-themed community actually dates back to the 1960s, when Walt Disney himself had plans to develop the Experimental Prototype Community of Tomorrow (EPCOT), which later became the famous Disney World. 

In an effort to make Walt Disney’s dreams come true, the House of Mickey Mouse will develop this new community in California with his vision in mind. The community will have trained Disney cast members operating the community associations. 

The Cotino community will surround a 24-acre “grand oasis” with clear turquoise water, a waterfront clubhouse, a club-only beach area, and recreational water activities. 

For updates on Storyliving by Disney, keep an eye on the Disney Parks Blog at StorylivingbyDisney.com.

Disney’s Real Estate Holdings History

As you can see, Disney is not new in the real estate game. Its first foray in the industry was The Walt Disney World Resort, which opened its doors on Oct. 1, 1971. They’ve now expanded into multiple countries and currently have nearly a dozen real estate holdings.

Here is a breakdown of Disney’s current real estate holdings:

  • The Walt Disney World Resort
  • Golden Oak at Walt Disney World Resort
  • Four Seasons Private Residences
  • The Disneyland Resort
  • Disney World
  • Disneyland Hotel
  • Disney California Adventure Park
  • Tokyo Disneyland
  • Disneyland Paris
  • Disney Village
  • Hong Kong Disneyland Resort

It’s no secret that Walt Disney Co. has seen massive growth and success for decades, as the empire of enchantment is now worth a whopping $179.5 billion. The international entertainment conglomerate continues to reflect the power of America’s craftsmanship and innovation.

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