When I was looking at homes, there was a brand new 2500 sq ft house for $175,000. I didn't like it, but there it was. I got a small (1600 sq ft), less than ten year old home that was kept up very nicely, pretty landscaping (with palm trees, which I liked then) and a screened pool (!) for $130,000. Around here, people leave appliances and window stuff, too.
I was ready to pay $190 for what I wanted and quickly found it was much less!
I did replace the counter, because i prefer the cheapo laminate and don't like granite (which the owner told me she paid to have put in just to sell the house, lol) The master bath has one of those giant tubs, which I don't want or need, so I may re-do that eventually, but otherwise, I've been happy here and had no problems with the house except a $50 air conditioning issue and a $220 plumbing thing.
Houses are CHEAP in Orlando, even now. For $500K, you can build a really large home.
1.5 million to live in the middle of all the tourist stuff is just crazy. The only reason to buy it would be for a vacation home...for me, anyway.