October 30, 2011
This Week’s Featured Luxury Listing EN OP USE HO1-4
Bonita Bay
26091 Mandevilla Drive Don’t miss an opportunity to acquire the most enchanting contemporary estate home in Bonita Bay. The residence is situated on two lots amid tropical landscape, loggias, walled gardens and koi ponds. The living area of over 10,505 SF meets the needs of the discerning homeowner who would appreciate privacy. MLS# 211000572
$3,650,000 8 BR, 9.5 BA
Bev Czachor 239-849-2767
Market Report For The Third Quarter - 2011 (N aples /B onita S prings /E stero A rea )
Available inventory is at its lowest level. Third quarter 2011 posted a 24% decline over Q3 2010. When compared to third quarter 2007, the number of units offered for sale has declined by 45%. It is significant that the segment priced below $250,000 declined by 34% since the same period 2010, and now comprises 38% of total inventory – down from 43% a year ago. Average and median sales prices remain constant with the same period 2010, and at historically low levels. Average sales price is consistent with 2001 levels, providing yet another indicator that it is a great time to buy! The unprecedented market dynamics which currently exist provide astute buyers with a once-in-a-lifetime opportunity, which will probably not be repeated in the foreseeable future. This report is intended to give the reader a macro-view of the market in the combined Naples, Bonita Springs, and Estero area. Buyers or Sellers who have an interest in a particular area or property should consult their John R. Wood Real Estate Professional for specific information.
This Week’s Featured Neighborhoods West Bay
The Dunes
Mediterra
Imperial Golf Estates
Encompassing nearly 870 acres, 500 of which are wetlands and nature preserve, and bounded by Estero Bay, Estero River and Halfway Creek, West Bay Beach & Golf Club is an irresistible community. Nestled west of U.S. 41 in Bonita Springs, its fantastic location, superb amenities, and sense of community are a winning combination. If the beach is your ideal environment, West Bay’s Beach House is situated on the famed Hickory Island.
The Dunes, located off Vanderbilt Beach in North Naples, combines luxury condo living with five-star, resort-style amenities within walking distance to Vanderbilt Beach. It offers coach homes, high-rise condominiums, luxury high-rise towers, with gorgeous views of Turkey Bay and the Gulf. The Plantation Club features casual-elegant dining or on the veranda, with lagoonstyle pool & spa, Chickee Bar, fitness center and tennis facility.
This Bonita Bay Group — a 1,697–acre, gated, master–planned community — is tucked away off Livingston Road. With less than 950 villas and single–family homes and more than 1,000 acres of open space, Mediterra retains a feeling of intimacy and charm. The Club at Mediterra features 36 holes designed by Tom Fazio, and certified with Audubon International’s Silver Signature Sanctuary program.
Imperial Golf Estates is considered one of the most desirable golfing communities in North Naples, with a complete array of amenities and residences. Beach access is five to ten minutes away, allowing Imperial residents to enjoy the privacy and lifestyle of a gated, golf community.
Current Price Range, Homes:
Current Price Range, Homes:
Current Price Range, Homes:
Current Price Range, Homes:
$264,900 - $2,299,999
$489,000 - $1,750,000
$375,000 - $6,995,000
$94,500 - $899,000
The source of this real property information is the copyrighted and proprietary database compilation of Sunshine MLS, LLC. Copyright 2010 Sunshine MLS, LLC. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.
Find out more info on each Neighborhood at: www.JohnRWood.com/neighborhood