Laura Layden | Naples Daily News
An out-of-town developer has proposed a lofty redevelopment project in downtown Naples.
It would span nearly two city blocks.
The application is still winding its way through the city’s review and approval process. Ultimately, it needs a thumbs up from City Council – and a final sign off from the city’s Design Review Board – to happen.
Here’s some of what we know:
The redevelopment proposal involves more than 4 acres of mostly vacant land, between the historic Tin City and the infamous Fifth Avenue shopping district.
The property sits east of Four Corners, where U.S. 41 turns east toward Miami…
Long-time Naples residents will recognize one of those addresses as the former home of the iconic St. George & The Dragon restaurant, the dimly lit, old-school steakhouse that operated at 936 Fifth Ave. S. for more than 40 years…
Read more to about whether this development will include a Restoration Hardware and Whole Foods market.
Contact David for all your real estate desires in southwest Florida – Email or call David@DavidFlorida.com or 239-285-1086.
Kendall Little | Naples Daily News
Naples-Marco Island, Cape Coral-Fort Myers, and Punta Gorda are three of the top 15 places where people buy a second home in the U.S., according to data from SmartAsset.
The Naples-Immokalee-Marco Island metro area (Collier County) ranked third in the most popular places to buy a second home.
SmartAsset says a little more than half of all mortgages in the area are for second homes.
Cape Coral-Fort Myers (Lee County) ranked 11th on the list with over 27,000 mortgages approved for second homes in 2021.
Punta Gorda came in at 13th on Smart Asset’s list with 40.1% of the city’s mortgages being for second homes.
Read more about Water, warmth and way of life…. in Southwest Florida.
Looking for a second home in Southwest Florida? Contact David – Email or call David@DavidFlorida.com or 239-285-1086.
Inventory Up and Prices Hold Steady in February
Naples, Fla. (March 24, 2023) – Buyers looking for homes in Naples during February were met with more choices as overall inventory increased 131.4 percent to 2,835 properties from 1,225 properties in February 2022. Broker analysts reviewing the February 2023 Market Report by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), attribute some of the rise in inventory to Hurricane Ian as many sellers were forced to address and remedy damage caused by the storm before the property was ready to welcome buyers. February’s overall median closed price is the same as January’s median close price of $600,000.
The NABOR® February 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:
Contact David to find your new home in Naples, Florida, at David@DavidFlorida.com or 239-285-1086.
Laura Layden | Naples Daily News
A waterfront estate has hit the market for more than $174 million in the posh neighborhood of Port Royal.
The exact price tag: $174,747,536.
That’s unheard of in Naples.
The beachfront property, overlooking the Gulf of Mexico, is expansive, stretching more than 8.5 acres, making it a rarity.
More of a rarity: Neighboring property is up for sale too, on both sides, with the potential to carve out an even larger one-of-kind estate on Naples’ highly-coveted Gordon Drive.
A trio of legacy properties are for sale
Gulf Coast International Properties, a high-end brokerage in Naples, is the exclusive listing agent for all three properties.
The price to buy them all: $295 million.
Read the full article.
Contact David to find your home close to great restaurants in Bonita Springs and Naples, Florida. Email or call 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.
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
