October 20, 2014

Realty Check: What Your Money Will Buy

What Your Money Will Buy...for $6 million, $2.1 million and $1.1 million.

$6 million

They had their eyes on more than the ball.

“These members of the Grey Oaks Country Club watched this home’s construction progress from the Estuary golf course each time they played,” explains Dan Guenther, of Premier Sotheby’s International Realty, Naples. “They really loved the crisp, clean lines and the builder’s attention to every detail, and that helped make their decision to purchase an easy one.”

Completed this year by Covelli Development Group, the two-story home’s 9,400 square feet of living space includes six bedrooms, six full and two half baths, a wood-paneled study and theater, wood flooring and a climate-controlled wine room.

The family room has 90-degree pocketing electric sliders and overlooks a panoramic view of Estuary’s 11th hole and the preserve beyond.

The covered outdoor living space includes a coffered cypress wood ceiling, outdoor kitchen, motorized screens and a guest cabana.

“The home’s West Indies architecture is becoming more sought after in Naples,” Guenther, the listing agent, says. “And this home is proof of that, selling within 45 days of completion.”

With 12,420 total square feet and a five-car garage, the home was sold in March for $6 million furnished.

 

 

$2.1 million

“Already fabulous,” says Susan McCallion, of Pfeifer Realty Group, Sanibel, of this three-bedroom, two-bath home on Sanibel Island, “but with the potential for expanding the living enjoyment even further.”

McCallion, the listing agent, explains that the Gulf-front residence was one of the last homes to receive a permit for a second-level addition.

Built in 1977, the home has a spectacular vaulted wood roof over the great room. The home has 2,122 air-conditioned square feet and 3,679 total square feet. Large windows and a tiled-floor living area imbue the beachfront abode with a casual yet gracious personality.

“Beautiful landscaping gives the pool and spa area the look of a tropical hideaway,” McCallion says, “and that feeling extends to all the outdoor areas of the property as well.

“The buyers were drawn to this house for its wonderful neighborhood, its ground-level design and the private stretch of beach.”

The home sold, furnished, in February for $2.1 million.

 

 

$1.1 million

“There were so many good features built into this Olde Cypress home,” says John Turco, of Prudential Florida Realty, Bonita Springs, “that the impression of elegance and livability it gives is really dynamic.”

But Turco and Anthony Turco, co-listing agents for the four-bedroom, den, fourand- a-half-bath home, say the floor plan of 4,059 square feet was also a major attraction.

“This estate home was always popular during showings because of the wide-open floor plan,” Anthony Turco says. “It was the ultimate selling point for the buyers.”

Built in 2006 with 5,350 total square feet, the North Naples residence includes a handsomely detailed ceiling and a fireplace in the living room, a decorative listello tile inset in the formal dining room floor and mahogany entry doors.

Outside, the pool, spa and kitchen overlook the golf course.

“The three-car garage and bonus golf cart were frosting on the cake for these very satisfied buyers,” John Turco says.

The home closed in March for $1.1 million furnished.

 

 

NEIGHBORHOOD WATCH

Jonathan Harbour

Located on connie mack island and accessible from McGregor Boulevard in Fort Myers, the gated Jonathan Harbour community includes a clubhouse, pool, spa, and tennis and fitness facilities. Bay views and boating opportunities are optimal in this enclave of single-family and town homes said to be the closest Caloosahatchee River community to the Gulf of Mexico.

Total Number of Properties: 87

Total MLS Sales, March 2012 to March 2013: 4

Price Range: $520,000 to $1,800,000

Total MLS Sales, March 2011 to March 2012: 2

Price Range: $420,000 to $620,000

On the Market: This four-bedroom, four-bath home (left) offers 3,867 air-conditioned square feet and 11,492 total square feet. The home has an office, formal dining room, eat-in kitchen and family room. There are a dock and two boat lifts, caged pool and spa. Listing agent Jennifer Berry, of Premier Sotheby’s International Realty, Sanibel, notes that the creative design delivers maximum privacy and entertaining options. The home, built in 1995, is offered at $1.3 million with some furnishings negotiable.

Recent Sale: This home provides four bedrooms, four full baths and two half baths within a 4,745 square-foot floor plan. Listing agent Jeff Jordan, of Keller Williams Elite Realty, Bonita Springs says, the house, built in 2008 with 8,744 total square feet, has fireplaces in the living room and on the lanai, a boat dock with two boat lifts, an elevator, a three-car garage and a host of upgraded amenities. The sale closed in October for $1.8 million unfurnished.

MARKET TALK

The Ultimate Luxury: Your Own Private Island

No need to trek to the south pacific to buy an island paradise. Many are for sale right here. Take Little Bokeelia Island, just up the coast near Boca Grande. For $29.5 million, one can live in blessed privacy, or develop the 100-acre parcel for additional residents.

Jennifer Calenda and Klaus Lang, of Michael Saunders Real Estate, Sarasota, are the listing agents. “Here’s a little hidden jewel with all the privacy of an island and all the conveniences of city living just a boat ride away,” Calenda says.

The agents say private buyers and corporate representatives are tempted by the four-bedroom house and three and a half miles of shoreline.

The helicopter pad, Lang reports, enables prospective buyers to view the property from the air and owners to access and depart easily. Calenda says the former owner, a developer who held the land for 20 years, had the foresight to get building permits for 29 lots.

“That’s a valuable asset,” notes Chris Krolow, founder of privateislandsinc.com and a regular on HGTV’s Island Hunters, “especially in Florida, where environmental restrictions make it extremely difficult to build on islands.”

Krolow says his website has hosted as many as 20 island listings in the Florida vicinity.

“People often sell, not because they want to, but because their families have grown and moved away, or they’re no longer willing or able to deal with the challenges of island living.”

Krolow says the island buyer profile is an entrepreneur who enjoys the adventure of island ownership.

They’re not always super-rich or old, he says in a telephone interview from his Toronto offi ce. “Many are upper-middle income, in the 30-to-50 age bracket, and are innovative thinkers.”

He cites an island off Marathon, where new owners, unable to build on their property, enjoy it from a houseboat.

The price can be temptingly low, with some Florida listings under $1 million (Pretty Joe Rock, off Marathon, is $1.495 million, with a house).

But islands aren’t for everyone. Krolow’s website has a wealth of information on what to consider before shopping.

 

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