New condo for sale in Esperia South in Bonita Bay

We have a new listing in the Esperia South tower located in Bonita Bay. This condo has one of the best views in Southwest Florida. It’s listed for $950,000.

A private elevator will transport you & your guests to your own personal lobby in this luxury residence in one of Bonita Bay’s newest high rises, Esperia South. This desirable & much sought after 15th floor location offers the perfect combination of lovely views of the Gulf of Mexico and surrounding Bonita Bay in addition to the picturesque Bay Island Golf Course and the 9th hole green below. Gorgeous glass walled & partially screened 180 degree room with jaw dropping panoramic views is perfect for candlelight dinners, watching the sunset or enjoying breakfast & the first morning breezes. The additional open terrace adjoining the LR & MB is another reason why this floorplan has had such immense popularity. In the evening, the floorplan of this residence takes full advantage of the glittering backdrop of Bonita Bay. Numerous upgrades including lovely travertine & tasteful carpeting make this an extra special opportunity. Bonita Bay offers golfers 5 challenging courses AND Beach AND Marina.

For more information on this awesome property, contact Ruth Bethem, Broker-Associate with Downing-Frye Realty, at ruth@ruthbethem.com or call toll-free 877-777-7545. To watch a virtual tour of this Esperia South-Bonita Bay condo just click the link.

The Naples Town Hall Distinguished Speaker Series is announced

The speakers have been announced for the 2010 Naples Town Hall. The participates in the Distinguished Speaker Series will include the following:

Wednesday, January 13th
Why Israel Matters – Ehud Olmert, Former Israeli Prime Minister (2006-2009)

Tuesday, February 16th
Special Moderated Event – George W. Bush, 43rd President of the United States and Jeb Bush, 43rd Governor of the State of Florida. Jim Angle of Fox News will be the moderator.

Sunday, February 28th
The Hidden Met – The Story Behind the Metropolitan’s Exhibitions & Acquisitions. Philippe de Montebello, Director Emeritus, Metropolitan Museum of Art.

Friday, March 26th
Insight on Modern Life & Culture – Malcolm Gladwell, Modern Social Reformer & Author, “Outliers” and Adam Gopnik, Author and Essayist for “The New Yorker”.

For subscription information and tickets call 239-596-6524 or visit their website at www.NaplesDistinguishedSpeakers.org.

Princess Diana gowns will be on exhibit at the von Liebig Art Center

“Princess Diana: Dresses of Inspiration” opens at the The von Liebig Art Center here in Naples on March 13th and will run through June 27th. A portion of the ticket sales to the exhibit will benefit the Pink Ribbon Crusade for breast cancer awareness and research.

“I think it will be a blockbuster,” Joel Kessler, CEO and executive director of the Naples Art Association, predicts about the exhibit. “Diana may have been a royal princess, but she’s also the world’s princess. The whole world adopted her as princess.”

The exhibit will include 20 gowns that were worn by Princess Diana. For more information call 262-6517 or visit www.naplesart.org or for more information about the collection go to www.DianaDresses.org.

October 2009 Real Estate Sales report from Downing Frye Realty in Naples, Florida

Downing-Frye Newsletter for December 2009 – Overall pending home sales increased at least 100 percent in October 2009 compared to October 2008 in each price category under 2 million, according to a report released by the Naples Area Board of REALTORS® (NABOR), which tracks home listings and sales within Collier County (excluding Marco Island).

“The number of contracts written in October 2009 (904 contracts) was more than twice the number of contracts written in October 2008 (409 contracts). The volume of activity is significant at what is usually a slow time of year,” acknowledged Mike Hughes, Vice-President of Downing-Frye Realty.

The properties in the under $300,000 market have led the way in sales for the past few months. However, the market recovery is now working its way up to the higher priced properties.

Pending sales in the $300,000 to $500,000 price segment have increased 150 percent from 48 contracts in October 2008 to 120 contracts in October 2009.

The available inventory has declined 14 percent to 9,347 in October 2009 from 10,815 in October 2008.

The October report provides annual comparisons of single-family home and condo sales (via the SunshineMLS), price ranges, geographic segmentation and includes an overall market summary. The statistics are presented in chart format, along with the following analysis:

Overall home sales under $300,000 saw a 56 percent increase with 385 closed sales in October 2009 compared to 247 closed sales in October 2008.

Single-family pending sales increased 73 percent with 475 contracts in October 2009 compared to 274 contracts in October 2008.

Condo sales increased 49 percent with 254 closed sales in October 2009 compared to 170 closed sales in October 2008.

The overall median closed price decreased 14 percent to $190,000 in October 2009 from $221,000 in October 2008.

The median refers to the middle value in a set of statistical values that are arranged in ascending or descending order, in this case prices at which homes were actually sold. It should be noted that in any given period the median could vary greatly if there is an anomaly, a single sale that is significantly higher or lower than other properties in the area.

Source: Naples Area Board of REALTORS©

For professional advice on all aspects of buying or selling in the Naples Florida real estate market contact Ruth Bethem, Broker-Associate, ABR,CRS,GRI at 239-777-7007, or toll-free at 877-777-7545. Ruth can also be contacted by email if you prefer. Email her directly at Ruth@RuthBethem.com. Ruth is a Top Producer with Downing-Frye Realty,Inc. in Naples, Florida.

Naples community of Quail West takes over club facilities from developer.

Marketwire is reporting on the announcement that the members of Quail West approved the transfer of more than $20 million in club assests to the member-run Quail West Foundation.

The turnover of foundation control and asset transfer to the members was completed without any payment or cost to members. As part of the turnover agreement, Quail West Development Company will also provide substantial ongoing financial support to the foundation as they develop Quail West in the future.

“The fact that members are taking over the club creates stability for the club and existing and future property owners,” said Dennis W. Hillier, a partner at Greenberg Traurig. “The long term success of the club has been ensured by its members.” Dennis Hillier specializes in corporate and real estate law with emphasis on the design of club membership programs.

Quail West amenities included in the transfer are two 18-hole Arthur Hills signature golf courses, a 70,000-square-foot clubhouse featuring casual and fine dining facilities, ballroom, wine grotto, full-service spa and beauty salon, pro shops, fitness center, card room, eight lighted red-clay tennis courts and a junior Olympic-sized solarium pool. The clubhouse recently underwent a $15 million renovation along with the addition of a new state-of-the-art golf maintenance facility.

The community is particularly appealing to today’s buyers because all of the community’s amenities, including the clubhouse, two golf courses, spa and tennis facility, are owned debt free. Homesites, ranging from one-half to over one-acre, begin in the $300,000s

If you would like more information on the properties available in Quail West, contact Ruth Bethem, Broker-Associate with Downing-Frye Realty, Inc. in Naples. She may be reached toll-free at 877-777-7545 or email her directly at ruth@ruthbethem.com .