September 22, 2014

Realty Check

What Your Money Will Buy
... for $4 million, $1 million and $500,000. By Maxine Ginsberg

$4 MILLION

Located in the Treviso neighborhood in Mediterra, Naples, this two-story, Mediterranean-style, four-bedroom-plus-den home was built by Harwick Homes on a lakefront, 1.25-acre lot with western exposure. The floor plan provides four full baths and three half baths. There are his-and-her offices, a home theater and a billiards/game room in a home brimming with creature comforts and artful detail. For example, a two-story foyer leads to a living room that includes a double-sided fireplace. The master bedroom is equipped with a morning kitchen. The vanishing-edge pool, outdoor kitchen, super-size spa and multiple sun decks assure maximum enjoyment of the Florida lifestyle, and the five-car garage amply meets transportation needs. Listing agent James A. Nulf Jr., of the Martinovich-Nulf team at Royal Shell Real Estate, says a combination of factors wooed the buyers. “They liked the size of the house—big enough to accommodate their family and extended family,” he says. “They liked the golfing and beach amenities of the Mediterra community, and they felt Harwick was a builder in whom they could have confidence.” Built in 2008 with 9,672 air-conditioned square feet and 15,209 total square feet, the home was sold in June, partially furnished, for $4 million.

$1.35 MILLION

“The seventh-floor location is a popular one with condominium buyers, and that location was one of the reasons why this residence at Beliz in Cape Marco attracted multiple offers,” says Ian Clausen of Clausen Properties, Marco Island. “Other significant factors were the attractive selling price, the Gulf views and the elegant decor.”

The home has three bedrooms and three baths. Built in 2004, the unit enjoys a southwestern exposure and a spacious floor plan of 3,603 square feet. The total square footage is 4,200 square feet. Clausen, the listing agent, notes that the Beliz’s amenities include a card room, movie room and exercise room. Cape Marco offers beach access and its own tennis facility. The unit was sold, furnished, in January for $1.35 million.

$505,000

“These buyers were delighted to find a home that had most of the items on their wish list,” says Jackie K. Hauserman, a buyer’s representative with John R. Wood Realtors, Bonita Springs. “That would include a private pool and spa, a lake view and a southern exposure.” She reports that the great room floor plan was another major attraction in the two-bedroom, den, two-bath home in the Bay Crest neighborhood of Shadow Wood at the Brooks, a golf club community in Estero. “My clients liked the hickory wood floor, the plantation shutters in the front of the home and the kitchen’s cherry wood cabinets,” she says. “They also liked the decor, which was great, since the home was being sold furnished.” The home, built in 2006, with 2,153 air-conditioned square feet and 3,151 total square feet, sold in September for $505,000, furnished.

 

Neighborhood Watch
The Quarry

Total number of properties: 1,100

Number of sales, Nov. 2009 to Dec. 2010: 16

Price range of sales, Nov. 2009 to Dec. 2010:
$219,000 to $670,000

Number of sales, Nov. 2008 to Dec. 2009: 15

Price range of sales, Nov. 2008 to Dec. 2009: $205,000 to $825,000

Within The Quarry’s 830 acres in northeastern Collier County are neighborhoods built by Centex Homes and a separate community of larger custom-built homes called Quarry Shores. Marketing for the community, which once was a working quarry began in 2006. Three lakes, totaling more than 500 acres, provide for boating, fishing and water-skiing. Tennis, pool and golfing on a par-72 course are among other recreational options. Homes are priced from the $200,000s to more than $3.5 million. Many homes include private boat docks.

On the market: Located in Quarry Shores, The Claiborne, by London Bay Homes, pictured above, is a two-story, four-bedroom home with lake views and charming interiors. The formal living room and family room open onto a lanai that introduces the water features. Included within the 5,306-square-foot floor plan are a wine room and a lounge/media room. Built in 2007, it includes five full baths and one half bath. A second-story balcony enhances the view. Listing agent Paul Schmidgall of London Bay Homes says the furnished home, with 7,122 total square feet, is offered  at $2.85 million.

Recent sale: Lisa Page of Arthur Rutenberg Homes reports that a custom home of about 4,200 square feet under air was delivered in December for a total lot/home price of $1.3 million. The two-story home in Quarry Shores has four bedrooms, a den, five full baths and one half-bath. The pool area overlooks a 200-plus acre lake, and there is a three-car garage.

 

Market Talk
A Refocus for TwinEagles

The Ronto Group, a long-time Southwest Florida developer, has taken over the TwinEagles golf community in northeastern Collier County, but it’s not the company’s first time at the rodeo.

“Our first local project, Hideaway Beach on Marco Island, was a takeover,” recalls Anthony Solomon, junior member of Ronto’s father-son ownership team. “That was back in the mid-’80s. Our other takeovers include Heritage Greens, Forest Glen, and Miramonte and Torino at Grey Oaks.”

TwinEagles was purchased from beleaguered Bonita Bay Group for $11 million in September. The 1,115-acre community on Immokalee Road east of Collier Boulevard has two golf courses. Of the approximate 720 properties, 250 are sold.

Solomon says the Ronto Group’s plan for TwinEagles is to “refocus it as a golfers’ community, not a golf community. And there’s a difference. Many residential communities with golf courses try to be all things to all people, but golf will be the major focus here.”

To that end, the second course is being remade, an undertaking begun in January and slated for completion by year’s end. “The Talon Course, designed by Jack Nicklaus, is a huge hit with golfers,” he says, “but the Aerie, designed by Gary Player, met with less enthusiastic response.” 

Not only will the redesigned course be more alluring, he promises, but new homes will be sold with golf membership included. “No initiation fees,” Solomon says, “and no angst about the club’s viability. And memberships will be limited to 300 per 18 holes.”

Solomon reports that legal actions undertaken by current members against Bonita Bay Group have been resolved and that 99 percent of the membership has signed on with Ronto.

Pulte has coach homes in the community, and Ronto’s 380 lots will be built by a select roster of local builders. The prices for a TwinEagles domicile could be from the $400,000s to $2 million, but Solomon expects typical prices to range from $500,000 to $700,000. He concedes that rebuilding confidence is the big hurdle, but that current plans are designed to meet the challenge. Those plans include a resort-style pool and fitness center and a redesigned entry.

“Our Talon course is open, and so is the dining room at our 47,000-square-foot clubhouse,” Solomon says. “Our golfers are eating, drinking and playing golf.”

For more real estate news, be sure to check out our Housing Game blog.

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