I just read an article in the New York Times titled The Roller-Coaster Ride Called a Short Sale with great fascination. It seems the post-bubble real estate challenges that we have been dealing with here in SW Florida are now reality in Manhattan as well. I don’t know about you, but it sure is hard for me to visualize many market parallels between the likes of Gator Circle or Gateway and the Upper East Side.
[more] →With an average annual temperature of 75 degrees, Fort Myers offers year-round outdoor fun on the water for its residents. Water skiing is a popular Southwest Florida activity and we are fortunate to have two communities with large freshwater lakes catering to water skiing families.
The Harbourage
The Harbourage features two aquifer-fed freshwater lakes which are 30 feet deep and cover 104 acres. The lakes at The Harbourage are fronted by upscale single-family homes. Many community residents have ski boats docked behind their homes and enjoy skiing on a regular basis. The Harbourage is an established, gated community of 128 homes located in South Fort Myers off US-41, south of Alico Road.
[more] →Old Florida nature and serenity rule the day at the South Fort Myers Hendry Creek community……surrounded by creeks and anchored by two lakes, water views dominate the scenery the in this upscale community. With just 65 single-family homes, Hendry Creek offers an intimate and welcoming environment to raise a family in South Fort Myers. Hendry Creek offers the lifestyle of a bygone rural Florida era in a convenient in-town location.
With shared community boat docks, gulf access boating need not be an expensive proposition for Hendry Creek residents. HOA fees at Hendry Creek are currently $500/year and include use of the shared community boat docks, community tennis courts and fishing in the neighborhoods two stocked lakes. From Hendry Creek, Estero Bay and the white sand beaches of Lovers Key, Fort Myers Beach & Sanibel and Captiva Islands are easily accessible.
[more] →Fort Myers has a long track record as a popular vacation destination for snowbirds and retirement area for active adults. We are fortunate that real estate developers have recognized this ongoing trend and have purpose-built communities to meet the needs of active adults. The Cascades at River Hall is a Fort Myers area community dedicated to 55+ active adult lifestyles.
Cascades at River Hall features single-family homes designed with open floor plans and primarily single-level living. Nature enthusiasts will treasure the water and preserve views that are available from every home in the Cascades community. Walking throughout the community, which is wrapped by farms and environmentally protected land offers an ever changing palette of Southwest Florida nature and beauty.
[more] →The most expensive and sought after real estate in Fort Myers is located along the Caloosahatchee River in South Fort Myers. This area includes neighborhoods located off both historic McGregor Boulevard and Iona Road. Both of these streets both run parallel to the river and are dominated by residential waterfront communities on their river-facing, west sides.
McGregor Boulevard, which is lined with majestic royal palm trees, was home in the roaring 1920s to our original snowbirds…..Henry Ford, Thomas Edison and Harvey Firestone. Today, 90 years later, it is still home to prominent snowbirds as well as many of the movers and shakers of our community.
[more] →The most expensive home to sell in Lee County, Florida during June 2010 was an under-construction, river-front estate in Alva owned by former MLB player Mike “Gator” Greenwell. This 8,100 SF estate, located at 12350-20 Old Rodeo Drive in Alva features 4 BR and 6 BA and 1,500 feet of frontage on the Caloosahatchee River. The selling price was $3.060M / $378 SF.
Congratulation to selling Realtor Aldee Rosenberg with Coldwell Banker for closing the most expensive residential property in June 2010.
[more] →The latest Brookings Institute State of Metropolitan America Report has some very interesting data regarding the Cape Coral-Fort Myers Metropolitan Statistical Area (MSA). This area is categorized as a Mid-Sized Magnet with similar characteristics (high growth, low diversity, low education) as cities including: Baton Rouge, LA; Boise, ID; Greenville, SC; Jacksonville, FL; Little Rock, AR and Oklahoma City, OK.
Some of the key indicators about the Cape Coral – Lee County including our ranking out of the top 100 MSAs:
[more] →Cameratta Properties, the developer of High Point Place in downtown Fort Myers has sold the remaining 76 units in the project to Denver-based Real Capital Solutions. Cameratta’s planned First Street Village and 511-acre Preserve at Corkscrew were also acquired by Real Capital Solutions.
This transaction, which provides an infusion of professional capital, bodes well for the highly-regarded High Point Place high-rise development. Real Capital is acquiring the 76 units for $13.1M or about $172,000 per condo. From a valuation standpoint, it looks like Real Capitol was able to get a 47% discount on this bulk purchase. Over the past year, 17 units that have sold at High Point Place at a median price of $325,000.
[more] →Pulte Homes announced that it has sold the club at Crown Colony Golf and Country Club to its members. Development of this prestigious south Fort Myers golfing community was competed by Pulte in 2006. Crown Colony is located in south Fort Myers on Winkler Avenue Extension off Summerlin Road and sits on a 403-acre site.
Crown Colony features a private championship course designed by Ron Garl that plays 7,013 yards, par 72. Both golf and social memberships are available at Crown Colony and membership is optional. The club also welcomes non-resident members.
[more] →Fort Myers MLS Map Search
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