Real Estate News

Top Lee County Home Sales – January 2010

The most expensive home to sell in Lee County Florida during January 2010 was a Fort Myers riverfront single-family estate located at 14000 Schultz Road, Fort Myers.

Casa Del Rio on Auction Block

Casa Del Rio, the home of former WCI Chairman and former Ambassador to Portugal Al Hoffman, is on the auction block.

Top Lee County Home Sales – November 2009

The most expensive home to sell in Lee County Florida during November 2009 was a Captiva beachfront single-family home located at 11551 Wightman Lane, Captiva.  The Captiva home is 2,200 SF and features 3BR and 3.5 BA.  The home was re-built in 2003 and offers spectacular gulf-front views and beach access.

The selling price was $3.1775M [...]

Top Lee County Home Sales – October 2009

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 selling [...]

Cape Coral Freshwater Homes

Waterfront living in the low $100,000s

Homes on Cape Coral’s freshwater canals offer the same wonderful water views without the price tag of a gulf access home.  Many Cape Coral freshwater homes are newer as a significant number were built during the boom years when gulf access lots were priced out of sight.

Cape Coral freshwater canals [...]

Bunche Beach Getting Facelift

Lee County is investing $1.4M to spruce up Bunche Beach.  Improvements include a new parking lot, kayak launches, fishing piers and restrooms.  Bunche Beach is a great alternative to paying the toll to go over the Sanibel Bridge and offers wonderful views of both Fort Myers Beach and Sanibel.

A popular resort-style condominium very near Bunche [...]

Slips Available in Cape Coral

The economic downturn has left some slips empty at the Cape Coral Yacht Club. If you are looking for a slip in Southwest Florida, now is a good time to jump on these openings.

For those looking for a dock directly behind their home, there are a wide varitey of Cape Coral gulf access homes [...]

A Lonely Oasis

One of the misfortunes of the Southwest Florida housing bust is that the magnificent Oasis I luxury high-rise in downtown Fort Myers has only one resident.  This is truly a shame as the Oasis is a first-class project that delivers a hint of Miami Beach to the River District scene.

The lonely resident is a New [...]

Bonita Beach Ranked 7th Healthiest Nationally

Health Magazine has ranked Bonita Beach as the 7th healthiest beach in the country.  Bonita Beach drew high marks for families with its wonderful shelling at high tide, calm waters for kayaking and the 1,500 acres of  parks fronting the Gulf.

The sand at Bonita Beach was one of the key drivers in this lofty ranking.  [...]

Miromar Lakes Foreclosures

Upscale communities like Miromar Lakes are not immune to the foreclosure fervor that dominates the Southwest Florida real estate market.

At the present time, there are five bank-owned foreclosed homes listed for sale in Miromar Lakes. These homes are aggressively priced to sell quickly in the current market.

The current foreclosed inventory includes a San Marino [...]

Cape Coral Gulf Access Foreclosures

One of the key draws to Cape Coral Florida is the 400 miles of canals, most of which are lined with residential housing. Cape Coral, more than any other city in Southwest Florida, offers significant opportunities for affordable waterfront living.

At the present time, Cape Coral is one of the national leaders in term [...]

Top Lee County Home Sales – June 2009

The most expensive home to sell in Lee County Florida during June 2009 was a Captiva gulf-front single family home located at 16600 Captiva Drive, Captiva. This Gold Coast estate is 13,140 SF and features 6 BR and 8 BA on a 1.12-acre beachfront lot.

The selling price was $7.25M / $551 SF. Congratulations to selling [...]

Experts Predict Foreclosure Surge

The Chicago Tribune reports that experts are predicting a surge in the number of foreclosures due the expiring of government programs instituted by the Obama administration.

Lenders have delayed foreclosure actions to get as many borrows as possible into federally sponsored programs including the Home Affordable Modification Program.
The Obama administration is racing to avert as many [...]

Cape Coral Foreclosures

The foreclosure activity level remains high in Cape Coral with approximately 2/3 of all homes sold falling into the distressed category.

Many are viewing accelerated activity levels as a major positive as we are now well out of the winter season. It has been a three years since real estate activity remained fast-paced after [...]

Miromar Lakes Competes with Ocean Lifestyle

A recent article in the Naples Daily News compares the lifestyle of Miromar Lakes with that of a ocean-front neighborhood. The pristine sandy beaches of Miromar Lakes, free from crowds, parking challenges and the red tide front 700-acres of sparkling lakes.

After passing through the gates of Miromar Lakes, one enters a place like no [...]

Top Lee County Home Sales – May 2009

The most expensive home to sell in Lee County Florida during May 2009 was a Captiva gulf-front single family home located at 953 S Seas Plantation Rd, Captiva. This South Seas Resort home is 4,530 SF and features 5 BR and 5 BA on a .93-acre beachfront lot.

The selling price was $4.912M [...]

Fort Myers Luxury Real Estate Coupons

Question: What is the coolest way to announce a 14.3% reduction in the asking price of your $6.995M Fort Myers Riverfront estate home?

Answer: Advertise with a $1M coupon in local and snowbird area newspapers!

The home in question is located at 1210 Gasparilla Drive in the York Manor section of Fort Myers and was featured on [...]

Top Lee County Home Sales – April 2009

The most expensive home to sell in Lee County Florida during April 2009 was a Bonita Bay high-rise condo located at 4931Bonita Bay Boulevard, #1710, Bonita Springs. This Azure Tower condo is 4,240 SF and features 3BR and 4BA.

The selling price was $1.925M / $454 SF. Congratulations to selling Realtor Jim McCormick of [...]

Fort Myers High-rise Update

The News-Press provides an update on the high-rise scene in the Fort Myers River District.

Leasing activity is increasing – drawing in younger tenants
High Point Place sales are brisk – at slightly moderated prices
First Street Village – will move forward in future
Riviera – 75 units to be auctioned on 05/14/09

We have seen significant price reductions throughout [...]

Top Lee County Home Sales – March 2009

The most expensive home to sell in Lee County Florida during March 2009 was a single-family bay-front home located at 1571 San Carlos Bay Drive on Sanibel Island. This recently renovated home overlooks San Carlos Bay with expansive views to Punta Rassa and Pine Island. This home offers 3,121 SF and features 4BR and [...]

Pine Island Real Estate

Great to see the News-Press give some face time to the Pine Island real estate market. Pine Island offers its residents a very different laid-back lifestyle that is rapidly disappearing across Southwest Florida.

There was never much speculation and over-building, and Pine Island foreclosures rarely come on the market. If you are down here [...]

Top Lee County Home Sales – February 2009

The most expensive home to sell in Lee County Florida during February 2009 was a single-family lake-front, gulf-access home located at 522 SW 52nd Street in Cape Coral. This home is located in Southwest Cape Coral in Unit 44-1 and has frontage on one of the Cape Coral’s beloved Eight Lakes. This home [...]

Cape Coral Foreclosure Round-up

Cape Coral has been widely recognized as ground zero for the foreclosure crisis. The net-net is that there are many homes going through the foreclosure process and coming back on the market as bank-owned listings. To quickly sell the property, pricing for these properties has often times been well below the market value.

Cape [...]

Cape Coral Gulf Access Foreclosures

Wow…….. In the month of February 2009, 78% of the home sales in Lee County were distressed properties. Of the 827 total homes that sold in the Fort Myers area 542 (65%) were foreclosed homes, 107 (13%) were short sales and 181 (22%) were non-distressed transactions.

With the ongoing capitulation from many of our nation’s [...]

Hidden Harbor Preserve

A new luxury community is emerging in South Fort Myers……introducing Hidden Harbor Preserve. Hidden Harbor features saltwater access boating to Estero Bay from a prime location in the heart of South Fort Myers.

Hidden Harbor offers an exclusive intimate setting with just 72 homesites in this 54-acre development. The natural beauty of Southwest Florida [...]

Top Lee County Home Sales – January 2009

The most expensive home to sell in Lee County Florida during January 2009 was a single-family home located at 11515 Wightman Lane in Captiva. Whightman Lane is located in the village of Captiva and is one block north of the famed Andy Rosse Lane. This home is 2,650 SF and features 5BR and 5BA.

The [...]

Fort Myers Gulf Access Homes

Waterfront living in Southwest Florida goes together like rum and coke, Laurel and Hardy, Donny and Marie……

South Fort Myers is home to several waterfront communities offering direct gulf access boating. Many of these communities like Catalpa Cove, Intracoastal Harbour, McGregor Isles and Palm Acres offer residents the opportunity to live in a canal-front home [...]

Affordable Fort Myers Waterfront

If you are from out of town and dream of retiring on the water, now just might be the time to take another look. The News-Press ran a story today about how much more affordable waterfront property has become in Fort Myers and Cape Coral.

Prices have dropped across the entire Southwest Florida market, especially [...]

Sanibel is Boca Grande Alternative

The New York Times published an informative column on the Lee County barrier island of Boca Grande.

Boca Grande sits just north of Cayo Costa Island and offers unprecedented peace and tranquility. Boca Grande residents have the opportunity to rub elbows with the rich and famous as recent visitors have included George H. W. [...]

Top Lee County Home Sales – December 2008

The most expensive home to sell in Lee County Florida during December was a single-family waterfront estate located in the Harbour Preserve neighborhood of Cape Harbour. This home, located at 5502 Harbour Preserve Cir, Cape Coral is 7,662 SF and features 5BR and 10BA.

The selling price was $2.2M / $287 SF. Congratulations to [...]