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What Your Money Buys

The buzz with local real estate experts and followers is that there’s never been a better time to buy. Well, is there ever a time when they don’t say that? But now it may be more true than ever—at least pricewise. Lots of products are on the market at significantly lower prices than they were even a year ago. Many new construction prices have dropped by more than half.

Some experts have said that the luxury, multimillion-dollar segment of the market has been unaffected by the economic downturn. During the summer of 2008, however, our highest-priced property was listed for $4 million more than it is today. Numbers have dropped for all price points, so if you’re looking to buy, tune in to phrasing like “improved pricing,” “special offers” and “closeouts.”  You’re sure to find some room to negotiate. Here is a sampling of homes currently on the market in six different price ranges.

$18.9 Million
3034 Gordon Drive, Naples

 We appreciate what a good makeover can do. this port royal mansion, formerly known as the “pink house” (think Pepto-Bismol), was painted a more neutral khaki in late 2008, and the price was cut from $22.9 million (down from $24.9 million a year before that). Its lengthy stint on the market is surprising, considering all it has to offer: five bedrooms plus den, beachfront location, Port Royal Club membership eligibility, Gordon Drive prestige and elegant décor. Offered by Guy Brooks, John R. Wood Realtors.

$5.9 Million
2351 Windward Way, Naples

When they say “location, location, location,” they’re talking about properties like this one. Its placement in the Moorings allows for views of not only Moorings Bay, but also the Gulf of Mexico. The stunning 2008 building takes advantage of its locale with an entire wall of windows that overlook an outdoor summer kitchen and a two-level, negative-edge pool. Under the roof, you’ll find 6,600 square feet of air-conditioned space, four bedrooms, five-and-a-half baths, den and a game room. Offered by Michael Lawler Realtor, Premier Properties of Southwest Florida.

$1.695 Million
14980 Binder Drive, Captiva Island

This could be the site of the quintessential florida life. a three-bedroom, three-bath, two-story home on Captiva Island. Fellow Captiva residents enjoy their quaint island life, away from the bustle of Lee County’s mainland. From the second-story perch, the view overlooks Pine Island Sound and Pine Island in the distance. The home’s interior is Florida fun with selected Crayola-colored walls paired with bright white accents. Offered by Leslie Pendleton Jr., American Realty of Captiva.

7000 Rue de Marquis, Naples

This villa/townhouse located in the desirable beauville neighborhood of Pelican Bay looks more like a single-family home, with three bedrooms plus den, three baths and 2,900 total square feet on an oversized corner lot. An updated kitchen overlooks a sunny family room, which offers lots of outdoor views. Lush landscaping surrounds the property, which includes a kidney-shaped pool and lanai. Offered by Emily Bua, Premier Properties of Southwest Florida.

805 North Jasmine Bay, Estero

If high-rise, no-maintenance living is desired, the brand new Jasmine Bay in West Bay Beach & Golf Club is offering a variety of condominiums at a wide range of price points. This unit is a two-bedroom plus den with three full baths and 1,766 square feet. The homes have private elevators, lake and golf course views and access to the golf course and a private beach on Hickory Bay. Offered by West Bay Club.

11220 Paseo Grande Blvd., Fort Myers

A refreshing break from all the mediterranean-style architecture, paseo in Fort Myers pairs Spanish-flavored buildings with the convenience of a full-service town center. The Santa Isabella townhome is workforce-friendly priced and offers two bedrooms and two-and-a-half baths with 1,520 square feet plus a garage. The location, right off Daniels Parkway, is central to all the action. Offered by Stock Development.

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