Naples Bay Resort is facing foreclosure.
Regions Bank, headquartered in Alabama, has filed to foreclose on a $36 million mortgage for the 20-acre resort development near Tin City in downtown Naples. The action was filed Feb. 18 in Collier County Circuit Court against Basil Street Partners LLC, a partnership that includes well-known Naples developer Jack Antaramian [...]

Naples Area 2010 annual report shows rising sales and declining inventory.
Click to view 2010 annual report
Courtesy of Naplesarea.com

NAPLES — Last week, the Naples Area Board of Realtors reported that the sales of high-end homes are picking up.  Friday, there was more evidence of this when a 6,406-square-foot, waterfront single-family home in Port Royal sold for $9,560,000.  Mark Weber, real estate broker and owner of Whitesands Realty, said the home sold for about [...]

The Club at Mediterra is now officially owned by and under the control of its members, according to a Bonita Bay Group release issued today.  Mediterra is a 1,697-acre community on the border of Lee and Collier counties. It was developed by Bonita Springs-based Bonita Bay Group.
Bonita Bay Group and the Mediterra Members’ Advisory Board [...]

A private buyer has paid $3.2 million in cash for 72 Naples condominium units that had once been apartments, which some real estate agents believe is a bottoming out of prices in a slow market.
The 72 units in The Reserve at Naples, a 300-unit development near Pine Ridge Road and Interstate 75, went for about [...]

Leaves may be falling, but home resales are rising.
In what has traditionally been a slow time for sales, local Realtors say they are writing more contracts and showings are up.
“We are seeing year-round residents purchasing, perhaps those who have not been able to purchase a home before, and we are also seeing seasonal buyers starting [...]

Experts navigating through Collier County’s foreclosure crisis painted a picture Wednesday of a long road ahead with a few signs of relief.
“We’re looking at record foreclosures,” said Jeffrey Ahren, one of the founders of Collier County Foreclosure Task Force. “I don’t know that the number is going to decrease any time soon. We’re maybe not [...]

Wiggins Bay / Bermuda Cove
$238,000  3 bedroom 2 full baths
Beautiful turnkey furnished, 3 bedroom 2 bath condo only 5 minutes to the beach. Beautiful tropical colors, wood floor in great room, new carpet in bedrooms. Kitchen has 2 pantrys, tile floor on screened lanai with extra storage. Club membership to Tarpon Cove Yacht & Racquet [...]

Naples News By Laura Laydan
Rich Schmidt acted Friday like he’d hit a hole-in-one.  The chairman of the Mediterra Advisory Board announced that a deal finally had been struck for members to buy their golf club from the financially strapped Bonita Bay Group.  “It’s a good day,” he said.  The agreement comes after months of negotiations [...]

A cheese shop once called the building home.
So did a movie theater, a library and some even say it’s the original home of Naples City Hall.
Now the historic building, 1148 Third St. S., sits empty, filled with dust, dirt and memories of years gone by.
That could change soon, as contractors begin work on renovating the [...]