Yesterday’s blog article reflected on the current housing market for single family homes in Pelican Bay centrally located west of US 41 in Naples, Florida. Today, I’d like to entice you just a little to think about Pelican Bay as your second home selection. Your little slice of paradise, your “I’m getting out of this snow and heading to Naples” or, your pied-ά-terre, if you will. Call it what you may but one thing is certain, the more time you spend in Naples, the more time you’ll work into your schedule until the day comes when you’ll have to make the timely decision to make Naples your homestead (living here six months and a day) which also brings about a $50,000 reduction on your assessed value of your home and caps you at a 3% property tax gain. You see, we’re not just another pretty face down here, we’re also functional in saving you money! Ok, back to Pelican Bay: nestled on two and a half miles of pure white, ever-clean sand lies one of the best amenities Pelican Bay has to offer: beachfront dining. And that’s not all, there are six tram stations throughout the community that pick you up and give you a great ride through the mangroves to get you to the beach. Pelican Bay has four beachfront restaurants, three that are ready for business all year long, beach-side services that include cabanas and chaise lounges (just bring your towel) dine indoors in air conditioned space or alfresco under the great canopy that also provides a respite from the sun. There’s a fully stocked bar with a tv that provides a relaxing time to just take in the juxtaposition of the pure white sand merging into the emerald green waters and the cobalt blue sky. Take a leisurely walk or an energetic run on the beach and before you know it, you’ll be at the Ritz-Carlton at Vanderbilt Beach where taking another stop at the Gumbo Limbo may be just what the doctor ordered. Need a vigorous workout? Pelican Bay has a new million dollar fitness facility that offers a multitude of exercise classes, to include beach-side fitness classes, massage and therapy for those taut muscles. The Community Center, as it’s known, also has computers for use, art, bridge, social and educational programs and events. There’s an area known as The Commons where the Pelican Bay Foundation is housed. At the center of the facility are the tennis courts and pro shop and they offer a variety of programs for every level of play. Canoeing and sailing are also available. Got golf? You bet. Pelican Bay residents have an opportunity to become a member of the the Club at Pelican Bay which is a private equity country club. The link is provided for your convenience: www.theclubpelicanbay.com On the fringe of Pelican Bay is the well known Naples Philharmonic and the Naples Museum of Art and adjacent to that is world renowned upscale shopping at the Waterside shops. The Village at Venetian Bay is just a 5 minute drive where you’ll experience boutique shopping and waterfront dining nestled on the Venetian Bay. Olde Naples and the 3rd St shopping district are just a few miles down the road and no matter what time of year you’re here, you’ll never be bored as we maintain our cultural and art events year round. For further information or any questions on Naples real estate please contact Ruth Bethem at Ruth@RuthBethem.com or direct at 239-777-7007 or toll free 877-777-7545.
Pelican Bay, one of Naples premier neighborhoods is having a good year in home sales. With closed sales for single family homes currently at 27 properties and active for sale properties currently at 30 for single family homes, we’re definitely seeing an upward tick. Of course, with Pelican Bay being such a highly regarded, amenity-rich, centrally located community, it comes as no surprise to anyone familiar with Naples that Pelican Bay has shown a quick route to recovery from the soft market we had experienced the last three years. We had the latest sale just last week of a single family home, located on Ridgewood Drive in Pelican Bay Woods, which is centrally located within Pelican Bay and has easy access to US 41. Setting on nearly a half acre of land, this very private property, although built in 1987, had been recently updated with all the fine appointments today’s buyers expect. Boasting an open floor plan with the great room concept, it’s a popular and highly sought after plan that many real estate purchasers expect when they come to Florida. It allows the beauty of the outdoors in, and quite honestly, and I’ll go out on a limb here, but I’d say that a solid 80% of all buyers never place window treatments in the living areas when they have this open floor plan. It shows off the flora of our surroundings and lets us appreciate the wildlife that visit us on a daily basis. As I’m writing this, a Great Blue Heron just squawked as it was coming in for a landing and an osprey hasn’t been quite since I started this blog article. They make a very high-pitched sound, although not as severe as the eagle’s pitch. It’s the cheapest form of entertainment one can have and the only decision to make is do I enjoy them poolside sipping my mojito or shall I stay inside on the couch. Tough decision, huh? The four bedroom home with over 3,300 square feet of air conditioned space and constructed of the ever popular concrete-block-stucco combines many types of floor coverings such as ceramic tile, carpet and hickory wood flooring. Shell stone is also a very popular product for the lanai and pool deck which fits well into the landscape of this seaside community and this home includes it. This property was listed for $1,495,000 and sold for about 87% of that at $1,300,000. It had been on the market for eight months before an offer was accepted and then closed quickly thereafter. If you’re wondering if there’s a single family home available for you, the answer is yes. We have seven properties available for under $1m. From a low price of $685,000 for a home with 2039 s.f. to $900,000 for a home with 3,065 s.f. For those with a budget over $1m, we have nineteen properties from $1,025,000 for 2,690 s.f. to $3,900,000 for 6300 s.f. under air. I think one of the best deals in all of Pelican Bay, for the square footage under air of over 8,000 is a home in the gated section of Pelican Bay named Georgetown. Because of the value at $2,895,000 with the amount of space it’s providing with 5 bedrooms and a gorgeous cherry paneled library with tranquil golf course view, this just may be the best deal going in Pelican Bay at the moment. The French Provincial designed home also provides a guest room area over the garage. Best of all, it’s offered turnkey furnished. So, why not take advantage of this great investment opportunity and start enjoying the Neapolitan lifestyle today. To wrap up Pelican Bay, we have four properties in Bay Colony ranging from $12,900,000 for 9775 square feet of pure beachfront luxury in The Strand to $3,299,500 for 4,715 square feet in The Shores at Bay Colony. For those that may have missed my blog article on Bay Colony, go to http://www.ruthbethem.com/blog/bay_colony_naples/2010/10/25/ Amenities and an overview of Pelican Bay will be provided in tomorrow’s blog. For further information or any questions on Naples real estate please contact Ruth Bethem at Ruth@RuthBethem.com or direct at 239-777-7007 or toll free 877-777-7545.
In yesterday’s blog post I talked about the excitement surrounding a closed sale in Bay Colony located within Pelican Bay in Naples, FL. Today, for those of you that are either unaware of Bay Colony or aspire to own property in this tasty morsel of a community, I’m going to try to be brief, but informative, about why so many successful folks live and play in Bay Colony, especially when they have unlimited choices from around the globe. Bay Colony is a community that visionaries at WCI (luxury Florida builder/developer) materialized in the early 1990’s. Setting on 200 acres of prime waterfront property, this unmistakably upscale enclave welcomes it’s residents with ever changing year-round selections of floral bedding plants lining the paver entry street and enhanced by mature, and stately, royal palms as you enter the sentry gate that is manned 24/7 with a perimeter wall for extra privacy. Bay Colony is a crowd-gathering draw for the novice and professional photogs during the holiday season with its palm-lined entry dotted with tens of thousands of tiny white pin lights. It’s a spectacular show every year and morphs the most grumpiest of Scrooges into a blubbering softie. WCI envisioned a natural environment with an abundance of green space where it was secluded from the outside world but close enough to everything that encompasses the cosmopolitan lifestyles it’s residents have become accustomed to. Within that natural environment you’ll find protected preserves, mangroves, estuaries and bays that allows for Florida’s well-known wildlife to enjoy Bay Colony’s lifestyle too! As a homeowner of Bay Colony, you automatically have membership into the Pelican Bay Home Owner’s Association which gives you a myriad of sporting activities, transportation to two beachfront restaurants and million-dollar fitness center. Within Bay Colony each resident enjoys membership into the Beach Club where you’ll enjoy casual alfresco dining poolside or gourmet dining in the lounge, with intimate dining and private dining available. With two miles of pristine private beach your services include fresh towels, chaise lounges and food and beverage service. Tennis anyone? You bet. Nestled between the luxury towers are six hydro-clay courts inclusive with a pro shop and a very active year-round program for the novice and seasoned player. Not too many communities can boast having a world renown Five Star Diamond Luxury Resort as their neighbor, but Bay Colony can. With a complete selection of services, visiting the heath spa at the Ritz may become addictive, but boy, what a way to go! And last, but never least, is the Bay Colony Golf Club with it’s championship length play, timeless design and no tee time policy, it’s a luxury you can’t afford to miss. The clubhouse recently had a $6m renovation creating an atmosphere that will always make you enjoy “coming home.” All of these world-class amenities have culminated into creating a lifestyle that redefines luxury. With a choice of eleven luxury towers, two single family communities and two villa communities, you simply can’t make a wrong decision because any of these properties will bring you joy beyond any expectation you might have envisioned. Be sure to check my next posting regarding The Estates at Bay Colony Golf Club in Pelican Marsh. For further information or any questions on Naples real estate please contact Ruth Bethem at Ruth@RuthBethem.com or direct at 239-777-7007 or toll free 877-777-7545.
So why am I so happy there’s a single family closed sale this month in Bay Colony Shores, one of Naples most exclusive and sought-after seaside communities? Well, to understand the excitement one needs only to have an overview of the entire market within Bay Colony and how the lack of inventory of single family homes has made this already chic and exclusive community, well, that much more desirable, if that’s possible. This year alone from January 1, 2010 to October 24, 2010, there have only been three other closed sales of single family homes in all of Bay Colony, which includes the über exclusive beachfront estate section of The Strand. There was a closing every other month in the first half of the year in Bay Colony but then nothing until a last week. Of course, there’s very few homes for sale to select from too: four to be exact. Of those four, there’s one in The Strand with a list price of $12,900,000 and a total under air square footage of 9,775 built in 1995 as Bay Colony was in the younger stages of development. That’s it for the 12 homes in The Strand. Bay Colony Shores has three to select from, ranging in size and appointments from 4,715 s.f. including a three bedroom with den for $3,299,500 to 8,280 s.f. including six bedrooms for $5,975,000. Comparison time: in the previous year, all of Bay Colony had a total of nine closed sales, of those, three were in The Strand with a sale price range from $9,500,000 for 9,775 s.f. – $16,400,000 for 12,505 s.f. leaving the remaining six closed sales in Bay Colony Shores. Those closed sales in Bay Colony Shores ranged from $2,500,000 for 10,000 s.f. – $5,225,000 for a newer home built in 2007 with 5,500 s.f. under air. Compare these available homes to the twenty three for sale homes in other sections of Pelican Bay. You have a nice selection of homes ranging in square footage of 2,000 s.f. for $685,000 up to 8,337 s.f. for $2,895,000. At the top of the price point is a home for $3,900,000 with 6,354 s.f. With clear definitions of a limited supply of homes to select from within Bay Colony and for that matter even Pelican Bay, the line in the sand (so to speak) has been drawn. If you enjoy your privacy, exclusivity and amenities that are afforded every homeowner in Bay Colony, it’s time to reconsider your choices and make the move to Bay Colony soon, before these four homes are gone and then they’ll be none! For more on Bay Colony, please check out tomorrow’s blog post on what exactly is the draw to this sweet seaside community.