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Real Estate Investing in Naples, Florida A CNN/Money Top Ten Real Estate Turn Around City

Posted on Tuesday, February 07, 2012

As we reported earlier in the blog, CNN/Money ranked Naples, Florida as a top ten real estate turnaround city last week.  For our readers we thought we would feature some investment properties from time to time for those interested in entering this market.

Today’s feature is Bellasera, a resort hotel within walking distance of the beach and offering condominium ownership. There are several things we like about this property as an investment opportunity. First, properties can be placed in a standing rental program at Bellasera which appears to have good customer service and helps the owner with absentee ownership. Most things are handled by the front desk.
Daily rentals are available, which is fairly rare in Naples. Monthly rentals are more the norm with some weekly rentals also available. A daily rental property we believe opens up the property to a broader range of renters.

The amenities compare well to other properties. There is a pool and a sauna – fairly standard, but also a spa, work out room, restaurant and a shuttle service to pick you up at the beach if you tire out. The location on 221 9th street provides a short walk to 5th avenue south shops and the beach.
Daily rentals, walk to the beach, absentee ownership welcomed – some of the things we like to see in a Naples investment property.

Today there is a two bedroom unit for sale listed at $284,000 with 1,086 square feet of living area at 221 9th street south #302. According to the MLS write up it is turnkey furnished and designer appointed. Perfect for absentee ownership with professional on-site management through SunStream Hotels & Resorts.

Give us a call or contact us by email if interested in this property or wish to explore real estate investing in Naples, Florida.

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.
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.
Mark Goebel, PA
REALTOR Coldwell Banker 5th Avenue South
Mobile: 239.595.3921
Facebook: NaplesBestAddresses
Twitter @mcgoebel
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