The Sarasota Herald-Tribune has an interesting article about Norman Radow, who has been hired to liquidate the real estate portfolio of bankrupt Leman Brothers. West Bay Club in Estero is one of the assets that Radow is currently focused on. A big challenge at West Bay Club is that only 617 of the originally planned [...]
[more] →Estero Palms, a gated community of 32 single-family homes in Estero, has sold 22 of its 32 home sites. On a positive note, 14 of these sales have occurred since May 2009. Estero Palms features estate homes which start in the $220,000s. Estero Palms was developed by Taylor Morrison. Estero Palms is located in Estero [...]
[more] →Tucked away in SW Cape Coral between Pine Island Road and the Cape Coral Sports Complex is the unique community of Saddlewood Farms with multi-acre lots that are perfect for equestrian families. What could be better than keeping your horses on your own property and also living close to everything in SW Cape Coral. Saddlewood [...]
[more] →The Bradenton Herald reports that Chinese drywall saga is entering a crucial phase: Within the next few weeks, officials expect to determine how much of a fire hazard, if any, the contaminated product poses. They’ll also have a better idea of how much the drywall contaminates the air inside affected homes. A federal judge is [...]
[more] →The Sarasota Herald Tribune reports on short sale flipping fraud that is becoming more prevalent here in Southwest Florida. In a nutshell, real estate professionals and investors are teaming up to by undervalued distressed properties from banks and then immediately flipping the property to a new buyer at a hefty increase. The short sale flippers [...]
[more] →The real estate market in the greater Fort Myers area has been dominated by foreclosure and short sale activity. This REO activity has driven significant price declines in Southwest Florida real estate. In the third quarter of 2009, home prices in the Fort Myers-Cape Coral area dropped on average 40%. This 40% decline led the [...]
[more] →Cape Coral has a beautiful new addition with the opening of Tarpon Point’s Resort at MarinaVillage. This new 19-story resort hotel offers comcierge and spa services along with shops, waterfront dining and a 175 slip marina. The spectacular views from the MarinaVillage property are include the Caloosahatchee River, San Carlos Bay and the Gulf of [...]
[more] →The NY Times has an informative article about seller expectations and the consequences of listing a home for sale at an unrealistic price point. In our market, distressed properties are the baseline which are setting the pricing bar across most communities and sectors. If you are selling in a community that has short sale or [...]
[more] →The most expensive home to sell in Lee County Florida during October 2009 was a Bonita Beach gulf-front single-family home located at 27030 Hickory Boulevard, Bonita Springs. This Bonita Beach home is 1,801 SF and features 3 BR and 3 BA on a .3-acre beachfront lot. The selling price was $1.545M / $857 SF. Congratulations to [...]
[more] →Fort Myers MLS Map Search
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