Another Look At Speculative Home Building

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Readers of our blog will recall our spec building piece last fall highlighting Gary’s work as he built a spec home (

https://nangoebel.wordpress.com/2012/10/05/build-a-spec-house-with-us-on-youtube-take-one/) Many of you followed along on Youtube as we watched Gary do his thing (http://www.youtube.com/watch?v=pbwBv0mAhkc&feature=plcp). We are pleased to report Gary’s place is all done and looking sharp and I have to get the new video out there.

Which brings me to another friend I met with last week in Naples, Michael Orden. He has renovated many a home in Naples and now is firing up his next project. Many of you have asked for more details on these projects so here is the latest from Michael.

Michael shared with us he is forward to build a “spec” home in one of a couple sub-markets that are active in terms of final buyers seeking new home product. He has narrowed his search to the Moorings/Park Shore, Old Naples and Royal Harbor neighborhoods. Michael reports each of these areas is experiencing significant construction activity, very strong absorption rates and increasing values. He states he has several specific lot locations that meet his criteria. He is seeking folks to help him out with these projects so give him a call at 239-250-4139 if this would work for you

According to Michael’s estimates “Current lot prices are in the $800,000 to $1,200,000 range and the projected ( yet to be determined, depending on size, location etc) hard and soft construction costs are in the $1,000,000 to $1,300,000 range.”

This is by new means a solicitation for you to do this. We are simply reporting Michael’s work as a service to our readers. If you are interested get with your Realtors and other professionals you might require as you look into this. Please be sure to consult with legal, financial and tax professionals before acting on any real estate transaction.  And always remember actual real estate price and sales results are subject to market forces and are not completely predictable and the writings of this Blog are intended for the sole use of our clients.

Let us help you with your Naples, Florida real estate needs. Sign up to stay in touch with us at http://www.naplesbestaddresses.com/signup.php. If not see us on twitter (@mcgoebel), linked in (Mark Goebel) Facebook (Naples Best Addresses) and Pinterest (Naples Best Addresses).
Most importantly have a great 2014!

Mark and Nan

Coldwell Banker
Mark Goebel, PA and Nan Goebel, PA
REALTOR Coldwell Banker 5th Avenue South
Mobile: 239.595.3921 239.595.3920
NaplesBestAddresses.com
Facebook: NaplesBestAddresses
Youtube http://www.youtube.com/user/naplesbestaddresses?feature=results_main

 

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No legal, investment, or tax advice is being given in this Blog.  Consult with legal, financial and tax professionals before acting on any real estate transaction.  Actual real estate price and sales results are subject to market forces and are not completely predictable. The writings of this Blog are intended for the sole use of our clients.
We are proud supporters of The Naples Botanical Garden and Habitat for Humanity
Some of the data relating to Naples homes for sale and Naples real estate for sale on the NaplesBestAddresses.com website comes in part from the Broker reciprocity program of M.L.S. of Naples, Inc. The properties displayed here may not be all the properties available through the MLS reciprocity Program. This information is deemed reliable but is not guaranteed. Buyers and sellers are responsible for verifying all information about their purchase prior to closing.
Mark Goebel, PA is a REALTOR with Coldwell Banker on 5th avenue in Naples, Florida with 35+ years of visiting and living in Naples. After 25 years at Accenture, Mark retired as a managing director and spends his time helping non profits and building a Naples real estate team with his wife Nan. Talk to Mark and Nan about life in Naples and why they chose this place to live full-time over all others and enjoy Naples real estate.
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Coldwell Banker
Mark Goebel, PA and Nan Goebel, PA
REALTOR Coldwell Banker 5th Avenue South
Mobile: 239.595.3921 239.595.3920
NaplesBestAddresses.com
Facebook: NaplesBestAddresses
Youtube http://www.youtube.com/user/naplesbestaddresses?feature=results_main

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