Posted on Friday, April 11, 2014
Here in Naples the shovels are out, the dozers and gravel haulers are running and there is a surge of new construction underway. The Isles at Collier’s reserve alone plans 1,600 homes and one of our clients found Twin Eagles a great opportunity.
As a real estate team at Coldwell Banker we think real estate development – in addition to commission work in buy and sell transactions – is a good way to serve our clients. By putting our “money where our mouth is” we too buy and sell real estate. We renovate. We build homes. We think real estate development gives us an even greater understanding of the market, creates new properties for our clients, and serves our clients better.
We are extra careful not to stand between our clients and a renovation or spec house opportunity. As an example just last month we had our eye on a foreclosure ripe for a renovation or tear down. We went to the property the same day it listed and were planning to move on it. Then we realized it might be a good opportunity for one of our clients so we stepped aside, brought in our client and let them have a run at it. That is the way it should be. That is the way it is with us.
Anyway we are at it again looking at a spec home opportunity. Readers of our blog will recall our spec building piece last fall highlighting Gary’s work as he built a spec home (http://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 recently 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 committed 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.
If you would you like to know more about Naples, Florida lifestyles, our festivals and some great things to do here just give us a call at 239.595.3921. If you want to rent, sell, buy or invest here one day you might download a copy of our eBook Understanding Naples Real Estate https://www.naplesbestaddresses.com/offer/.
Hope to meet and talk with you soon,
Mark Goebel PA & Nan Goebel PA
Co-Founders 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
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.
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