The two developer model units at Jasmine Bay within Estero’s West Bay are now available for sale. Both of these units are decked out to the nines with designer appointments and are sure to evoke a WOW when you walk through the door!
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The North Star Yacht Club passed the 50% occupancy rate with 42 closed transactions in 2010. North Star features twin 12-story luxury high-rise towers located on the Caloosahatchee River in North Fort Myers, Florida.
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Canadian Investment Group Lofton Island Holdings, LLLP has acquired 224 developer-owned units in the Oasis Tower II
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Spectacular views of Estero Bay coupled with high-end finishes position Jasmine Bay at West Bay Club high-rises at the top of the charts in Southwest Florida.
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The Fort Myers real estate community is buzzing with anticipation due to the upcoming auction of 125 condos at the Oasis high-rise development. Forty of the condos will be sold on an absolute basis with no minimum price. The Oasis owners have brought in the big guns from Washington, DC…..McWilliams | Ballard to market this property. McWilliams | Ballard is known in the Mid-Atlantic region for manufacturing a buzz for developers as they bring new product to market.
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The Fort Myers City Council approved $4.3M to extend the Caloosahatchee River two blocks south to Bay Street in Fort Myers. This river expansion will create a new waterfront basin on space currently used as a parking lot. When completed in late 2011, this expansion is estimated to have an annual economic impact of $76M.
[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] →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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