Buyers Edging North As Near Beach Real Estate Prices Heat Up

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Oh that wonderful Naples beach.  Drawing tourists for over one hundred years and delivering sunshine and warmth on a winter’s day. Like the temperatures today real estate prices along the beach are heating up and some buyers are edging north to keep the beach but find less expensive single family home options.

Port Royal, Aqualane Shore and Old Naples are some the best addresses in Naples with beaches and restaurants all within walking distance. But as prices rise buyers may be edging north to the next neighborhoods for more affordable homes.  Are buyers still buying in the most expensive areas?  Of course.  But it may be interesting in the blog this morning to look north to Pelican Bay for some popular options.

A quick look at the LEAST expensive homes for sales in Port Royal, Aqualane Shores and Olde Naples shows the 2670 Treasure Lane home in Port Royal for $4,195,000 and 2131 Marina Drive in Aqualane Shores for $2,500,000. Moving further north on 5th avenue north is the least expensive single family home for sale today in Olde Naples at 778 5th avenue north for $999,000. When you move further north to Pelican Bay the least expensive single family home is 813 Pine Village Lane $895,000.

Interesting. Same beach. Less expensive single family homes.

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(sometimes it is all about the beach)

Sure the homes may be smaller, and the Pelican Bay beach club may not be as nice as the Port Royal Club but if you are reluctant to shell out the dollars then Pelican Bay may be an interesting option. Can you walk to the 5th avenue restaurants from Pelican Bay? No, but it is a long walk from many Port Royal and Aqualane Shores homes as well – so you may be driving anyway.

I don’t mean to suggest some areas are nicer than others – only we can see why Pelican Bay real estate is heating up. Your money goes further and you still get the beach. Let’s take a further look at Pelican Bay this morning and see what is going on here.

Nearly its own city this large area boasts single family homes and condos with two private beach clubs, a work out facility and a very walkable community – all close to Artis and one of the best cultural entertainment destinations in the area.

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(there are many ways to enjoy the beach – just chill out or bring some beach toys)

We remember when Pelican Bay was jungle-like before it was built. Clearly times have changed and with good reason. Pelican Bay is a great place to call home.

If you look at the numbers this morning (Matrix MLS) there are 1136 properties for sale in Pelican Bay, 95 have sold in the last 120 days giving a 6+months-inventory supply pace. This inventory level is very supportive of further price increases. Throughout last summer we saw this same trend as the near-north beach community of Pelican bay stood right in the path of eager home buyers edging north.
A visit to pelicanbay.org  will teach you a lot about the area and why this neighborhood continues to thrive in the most recent Naples real estate boom. Environmentally focused from its beginnings large tracts are set aside for preservation.

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(what is about the water and the beach that draws us here? )

In Pelican Bay two wonderful beach access points served by friendly people in golf carts take you to two beach restaurants and spectacular sunsets. The tennis team just beat our club this year (tough to admit!) and you will find the residents very interested in fitness from bikers to joggers to walkers.

Property types range from all manner of condos with some spectacular views. Is it right for you? Maybe – Maybe not. Your own persona choice is up to you of course. We are just saying this morning we see why some people are moving north for their buying decisions.

If you would like to know more about living here in Naples and Marco Island, Florida please give us a call at 239.595.3921. We have toured or owned property in Naples for nearly forty years and we are truly fortunate to call this wonderful paradise our full-time home.

Please consider reading our book “Understanding Naples Real Estate” to get you started on your real estate search http://www.naplesbestaddresses.com/offer/ or just give us a call about things to do here.

We look forward to meeting and talking with you soon,

Mark Goebel PA, Nan Goebel PA and David Goebel, PA
Co-Founders of the Naples Best Addresses team
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 pleased to announce a portion of our real estate earnings go to support the The Naples Botanical Garden, Habitat for Humanity Collier County, The Race For The Cure Citrus Ride, The Seacrest Country Day School and The Naples Winter Wine Festival.
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.
Contact us to learn more about Naples real estate trends, the florida rental market, Naples design ideas like coastal contemporary and transitional designs or just get a feel for the place like Naples Florida population trends.
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