…to ‘improve views and visual connections to golf’
Laura Layden | Naples Daily News
The Naples Beach Club development continues to evolve.
The developers are seeking city approval for another set of design changes.
The latest revisions involve a roughly 10.2-acre parcel within the nearly 125-acre redevelopment site.
The biggest adjustment: Replacing an existing hotel clubhouse and conference center, rather than remodeling it.
The center, part of the former Naples Beach Hotel, was built more than 20 years ago. It sits on the east side of Gulf Shore Boulevard North, near South Golf Drive.
Read the full article.
Interested in buying a home in Southwest Florida? Contact David! David@DavidFlorida.com or 239-285-1086.
Seller Confidence Returns to Greet Seasonal Demand
“The good news is that the new listings coming onto the market are evenly split between single family and condos,” said Mike Hughes, Vice President and General Manager for Downing-Frye Realty, Inc. “Inventory in both these areas have doubled since last January so buyers looking to purchase in either sector this year will have many more options.”
Closed sales in January decreased 33.8 percent to 555 homes from 839 homes in January 2022. But the spike in new listings is a promising turn of events as they pushed inventory in January up 122.7 percent to 2,699 properties from 1,212 properties in January 2022. Broker analysts reviewing the report are optimistic and say it potentially could result in a better-than-expected winter home buying season.
“Inventory between December and January grew nearly 10 percent,” said NABOR® President Nick Bobzien, a broker associate at Downing-Frye Realty. “With the number of showings nearly doubling in January 2023 compared to December 2022, buyers were excited to see new listings come on the market and took advantage of the opportunity as seen by the huge increase in pending sales over the same period.”
After seven months of equable activity, pending sales rebounded as the new year began. In fact, pending sales in January were remarkably higher than pending sales not only in December (682), but also compared to January 2019 (660) and January 2020 (892). Though compared to last January’s phenomenal sales activity, pending sales this January decreased 20.5 percent to 1,092 pending sales from 1,373 pending sales in January 2022.
Pent-up demand was evident in January. While showings decreased 20 percent compared to January 2022, they nearly doubled compared to December’s reported showings. Of course, another factor contributing to increased contracts (pending sales) during January were the 1,092 price decreases reported for the month, which brought the overall percent of current list price value down to 95.8 percent, a 4.2 percent decrease from 100 percent in January 2022.
The NABOR® January 2023 Market Report provides comparisons of single-family home and condominium sales (via the Southwest Florida MLS), price ranges, and geographic segmentation and includes an overall market summary. NABOR® sales statistics are presented in chart format, including these overall (single-family and condominium) findings for 2023:
According to the report, the only home type that experienced a rise in closed sales during January compared to last year were condominiums in the $500,000 to $1 million price category, which increased 4.2 percent. Interestingly, the median closed price of single-family homes decreased 2.7 percent between December and January, but the median closed price for condominiums increased 6 percent. Not surprising, due to high demand for properties in the $300,000 and below price category, condominiums in this price category had the highest reported median closed price increase (16.1 percent) and were the only price category that reported a decrease in inventory (13.1 percent) in January.
Contact David for all your real estate needs in southwest Florida – Email or call David@DavidFlorida.com or 239-285-1086.
Diana Biederman | Naples Daily News
My first impression of Fifth Avenue South when moving here? A high-low hodge-podge of restaurants and retailers.
Case in point: Marilyn’s and Kay’s who don’t compete for shoppers. Butterfly necklaces for $10,000 at Provident or the $14 version at Best of Everything across the way.
Two years later, Sails across from Subway.
You get the gist.
Posting my thoughts on TripAdvisor earned a rebuttal from the biz district’s former boss though a dozen of the site’s users clicked thumbs up.
But times have changed; two hurricanes and a global pandemic later, Fifth Avenue is upping its exclusivity factor.
Subway is gone. The chain’s replacement since late December?
Casa Neri, a sister restaurant to next door’s Molto Trattoria, home to my favorite Caesar salad, and La Pescheria on the next block. All three are co-owned by the brother-sister duo Andrea and Francesca Neri, who I interviewed and photographed Jan. 3.
Read the full review and see photos.
Contact David to find your home close to great restaurants in Naples, Florida. Email or call David@DavidFlorida.com or 239-285-1086.
Work on new Big Carlos bridge to start; county OK’s refurbishing Sanibel Causeway, including improvements to beaches
Bill Smith | Fort Myers News-Press
Construction of a big bridge in Lee County, a new San Carlos Bridge over Big Carlos Pass, is expected to begin by late spring, Lee County officials said.
Lee County commissioners voted Tuesday to award a contract to Superior Construction Co. to build a span over Big Carlos Pass, linking Lovers Key and Estero Boulevard over Big Carlos Pass, replacing a bridge that had reached the end of its useful life along Fort Myers Beach.
Construction will depend on availability of needed materials but is expected to happen during the spring. Florida Department of Transportation engineers expect construction will take two to three years.
“The project will replace the existing drawbridge structure,” said Rob Price, deputy director of Transportation. Price added that a boon to fishing will be constructed, through “the creation of another barrier reef in the Gulf of Mexico using the demolition from the existing bridge.”
Read the full article on naplesnews.com
For more information about buying a home in Southwest Florida contact David. Email or call David@DavidFlorida.com or 239-285-1086.
Laura Layden | Naples Daily News
A sprawling estate in Aqualane Shores that fetched a record price of $62 million is back on the market.
Now, it’s listed for $88 million.
When it sold last year, the beachfront residence – at 25 16th Ave. S. – shattered the record price in Naples – and all of Collier County – by $10 million.
According to Realtor.com, it went on the market about two weeks ago.
Built in 2014, the 16,000-square-foot estate has six bedrooms and nine bathrooms.
Among its stand-out features: A glass wine room, a gourmet kitchen, a game room and a second-level pool.
It offers 175 feet of beach frontage, overlooking the Gulf of Mexico.
Read the full article and see photos.
To view homes currently for sale in Port Royal contact David at 239-285-1086 or David@DavidFlorida.com
