The minnpost.com has a story about a recent speech given by housing researcher John Mcllwain titled, “The Suburban Century is Over.” Mcllwain predicts a shift in American housing and lifestyle preference away from the white picket fence suburbia towards a more urban lifestyle. In TV terms the wonderful suburban neighborhoods of Leave It To Beaver, The Brady Bunch and Bewitched are fading and the urban lifestyles of the Odd Couple, Mary Tyler Moore and Frazier are coming of age.

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When we discuss Fort Myers area real estate options with prospective clients, the number one desired feature is “a location close to the beach.” When drilling down further about what beach the client wants to be near, most answer near the Sanibel beaches. The proximity to Sanibel feature trumps all other popular desires including newer, good neighborhood, gated, gulf access, waterfront and low condo/HOA fees.

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Sailors and boaters are drawn to the Boardwalk Caper community for its unrestricted deep water access……location less than 10 minutes from the Gulf…………and affordable home prices. The community is connected by a 1/2 mile lighted boardwalk home to 251 slips.  Many friendships have formed, boat purchase decisions have been made, knowledge has been passed along [...]

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The appetite for homes in Cape Coral gated communities remains strong as evidenced by ongoing sales activity at Sandoval. Developed by Bonita Bay Group, Sandoval recently announced that it has sold its 803 home, pushing the popular community past the 50% of buildout.

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The Naples Daily News reports that year-to date sales have exceeded $43M in the upscale Miromar Lakes waterfront community. New homes sales are leading the surge as more than half of the sales this year have been new construction. At the current pace Miromar Lakes is on target for more than $80M in property sales in 2010.

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After a several year post-boom hiatus, the sound of nail guns and tile cutters is permeating the air at several Fort Myers area neighborhoods. New construction is occurring at several neighborhoods across the region. In many cases, builders are pricing new units to aggressively compete with the existing inventory of distressed property. Some builders are also clearing out bubble-era unsold inventory at fire sale prices.

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The most expensive home to sell in Lee County, Florida during May 2010 was a Sanibel home on nearly an acre gulf-front parcel. This home is located at 4099 W. Gulf Drive in Sanibel 15017 and features 5 BR and 4.5 BA. The home was built in 1992 and features panoramic views of the beach and gulf. The selling price was $3.275M / $963 SF.

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The Miami Herald reports that Miami Heat coach Pat Riley is being sued by a real estate broker over commissions associated with the Fort Myers land where Riley has developed the mixed-use Forum project. The broker claims Riley owes him millions as a result of a handshake deal they made 12 years ago. With no written documentation and a couple of deceased witnesses, on the surface this case appears to be a shakedown rather than a handshake deal.

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The Naples Daily News reports that Sutherland at Sandoval, a neighborhood of 45 single-family homes has sold out 93% of its homes. Sutherland at Sandoval, which was built out by Pulte Homes, only has three remaining home sites available. Four floor plans are available in the Sutherland at Sandoval neighborhood ranging in size from 1,834 SF to 2,650 SF and are priced in the mid $100,000s.

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