Last fall, the local real estate economy and an ownership dispute between the developer of Mediterra and its homeowners stalled home sales at the North Naples community.
Two events in December brought new life into the community. First, on Dec. 4, the membership purchased the assets of the golf and beach club from the Bonita Bay [...]
The Aqua condominium tower in North Naples has blooming flowers, a sparkling fountain and an enviable view toward the Gulf of Mexico.
Behind the facade, though, wends a trail of unfinished business.
The project was mired in controversy when Collier County commissioners voted to rezone the 10-acre site at the corner of Vanderbilt Drive and Wiggins Pass [...]
More than a dozen members who resigned from the Club at Mediterra have unexpectedly received refund checks.
Most of those members were chosen through a random drawing, according to a memo they received from Bonita Bay Group.
Some who received refunds are involved in lawsuits with the developer and are skeptical about how they were chosen to [...]
NAPLES — Stephen Campolo watched as his former neighbors tore apart their houses, carting away cabinets, tiles and toilets in U-haul trucks.
He wondered who would buy a toilet ripped out of someone else’s bathroom. Worse, he worried that no one would buy the three foreclosed houses across the street.
Weeks passed and the grass grew knee-high [...]
It was a cold winter.
But the real estate market warmed in the first quarter of this year in the Naples area.
Showings increased and so did home and condo resales, according to a report by the Naples Area Board of Realtors.
“The cold weather did not dampen the spirits of the buyers,” said Mike Hughes, a vice [...]
What’s been selling in Downtown Naples waterfront property? See our March Sales Report that includes all sold properties, average days on market, average sale price and more. Also see year to date sales, sales trends and more…DOWNTOWN NAPLES WATERFRONT PROPERTY SALES REPORT
Read the rest of this entry »Nine hundred days after putting their house on the market, Andrew and Jane Palestini were beginning to think they might be stuck in Iowa forever.
The looming expiration of the government’s housing tax credit pushed them into action. They dropped their price by an additional $10,000, to $235,000. Somewhat to their shock, a buyer emerged. The [...]
The psyche of buyers in Naples has changed.
So say local Realtors, who report having one of their busiest winter seasons in years.
A year ago, house hunters in the Naples area had more of a wait-and-see attitude. Now, they’re more determined to buy.
“With the sales going up and with the inventory decreasing at the same time, [...]
A satellite-irrigation system that has reduced water use by half at Mediterra will get four times bigger, according to plans. An 18-month pilot study at the Naples community showed Toro’s IntelliSense system cut water use in half, compared to equivalent properties with traditional timed systems, according to Dennis Cafaro, general manager of Resource Conservation Systems.
Read the rest of this entry »The financially troubled developer of Fiddler’s Creek has filed for Chapter 11 bankruptcy, hoping to reorganize with the help of a new $25 million loan.
On Tuesday, Fiddler’s Creek LLC and its affiliates filed for bankruptcy protection in U.S. District Court in Fort Myers. They have $160 million in mortgage debt. On top of that they [...]
