The market for riverfront high-rises in Downtown Fort Myers is hot…..we are talking top of the stove…..Sahara Desert…..black car interiors in August hot. The transformation of this market from a bubble-era bust to today’s robust environment is truly remarkable.
[more] →
Lee County Florida, home to Fort Myers and Cape Coral, was ranked second nationally in the nine-month period ending January 2012 for the percentage of foreign real estate buyers. In this time frame, 8.5% of all real estate transactions in Lee County involved a buyer with a foreign mailing address.
[more] →
Fort Myers is very busy right now with significant numbers of seasonal visitors enjoying our warm sunny weather, beaches golf courses and of course shopping for real estate. In a shift from the past few winters when foreclosures and short sales dominated the market, buyers have shifted their focus to new construction opportunities.
[more] →
Wink News covers the explosion of new businesses opening in recent months in the Downtown Fort Myers River District. While this has been a real long time coming…….it sure feels good to see the area gaining momentum and becoming something more than the seat of the Lee County Government and a home to hundreds of empty condos.
[more] →
Many consider High Point Place to be the premium Fort Myers waterfront high-rise development. This 32-story project is the tallest building between Tampa and Miami and is located in a very walkable location the closest to Downtown Fort Myers. The views over the wide Caloosahatchee River are stunning from High Point units.
[more] →
Many top land planing experts, economists and local leaders met yesterday in Downtown Fort Myers to discuss land planning for the next 25 years in the Fort Myers area.
[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] →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.
[more] →A really quick Fort Myers short sale…..must be an oxymoron or a Realtors’ late night long tale! Well not always, our team recently closed a short sale in 37 days! This transaction was for a High Point Place condo located at 2090 W. 1st Street #1609 in the Downtown Fort Myers River District.
[more] →Fort Myers MLS Search
Fort Myers Map Search
recent comments