SW Florida Real Estate and Community News

Feb. 25, 2018

Estero Real Estate Market Update ~ February, 2018

Estero Real Estate Market Report  ~ February, 2018

Summary market report for February, 2018 below. View the full interactive market update here, showings active, pending and sold properties in Estero for February. 

February 2018 Sales stats for Estero:

List Price: $394,318

Selling Price: $371,892

Average Price Per SQ FT: $180

Average Days on Market: 125

 

Active Properties
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
23843 Tuscany Ct 4 4.5 4,922 $3,190,000 $648 150 days
23850 Tuscany Way 4 5.5 5,474 $2,995,000 $547 235 days
22848 Mossy Trl 3 4.5 4,134 $2,800,000 $677 4 days
23810 Tuscany Way 4 5.5 5,414 $2,499,000 $461 69 days
23770 Napoli Way 4 4 4,080 $1,995,000 $488 30 days
22228 St Barts Ln 3 4.5 3,057 $1,989,000 $650 368 days
22080 Reserve Estates Dr 4 4.5 5,076 $1,950,000 $384 89 days
10570 Timber Lawn Dr 4 6 4,644 $1,895,000 $408 55 days
10521 Timber Lawn Dr 4 4.5 4,303 $1,890,000 $439 43 days
22061 Red Laurel Ln 4 4.5 5,071 $1,849,900 $364 79 days
9570 Lakebend Preserve Ct 4 5 4,641 $1,795,000 $386 55 days
22031 Shallowater Ln 4 4.5 4,606 $1,795,000 $389 86 days
10047 S Magnolia Bend 4 3.5 4,466 $1,750,000 $391 102 days
22081 Red Laurel Ln 4 4.5 4,250 $1,749,000 $411 19 days
22110 Shallowater Ln 4 4.5 5,100 $1,675,000 $328 54 days
22280 Banyan Hideaway Dr 4 4.5 4,406 $1,599,999 $363 49 days
19913 Montserrat Ln 3 3.5 3,017 $1,525,000 $505 47 days
10501 Timber Lawn Dr 4 4.5 3,831 $1,525,000 $398 100 days
10104 Magnolia Bend 4 4.5 4,082 $1,499,000 $367 123 days
4761 West Bay Blvd 3 3.5 3,110 $1,495,000 $480 17 days
22021 Shallowater Ln 4 4.5 3,873 $1,495,000 $386 97 days
20543 Wildcat Run Dr 4 4.5 4,970 $1,489,000 $299 144 days
10016 Orchid Ridge Ln 3 3.5 3,612 $1,475,000 $408 18 days
19929 Montserrat Ln 3 3.5 3,017 $1,449,000 $480 186 days
23730 Napoli Way 4 3 3,279 $1,399,000 $426 312 days
Average: 3.0 2.6 2,233 $483,271 $204 105 days
Viewing 1 - 25 of 720 
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
10039 Magnolia Bend 4 5 4,926 $1,849,000 $375 55 days
9340 Lakebend Preserve Ct 4 4.5 4,517 $1,745,000 $386 43 days
10141 Orchid Ridge Ln 4 4.5 4,043 $1,488,000 $368 40 days
22101 Shallowater Ln 3 3.5 3,565 $1,375,000 $385 43 days
10256 Idle Pine Ln 3 3.5 3,230 $1,295,000 $400 32 days
9847 Bay Meadow 4 4.5 3,532 $1,275,000 $360 107 days
10511 Timber Lawn Dr 3 3 3,532 $1,249,900 $353 3 days
22310 Fairview Bend Dr 4 4.5 3,327 $1,175,000 $353 23 days
22200 Natures Cove Ct 4 4.5 4,333 $1,125,000 $259 44 days
9275 Hollow Pine Dr 4 3 2,908 $950,000 $326 30 days
9267 Hollow Pine Dr 4 3 3,023 $914,900 $302 114 days
9218 Hollow Pine Dr 4 3.5 2,980 $913,000 $306 78 days
19955 Markward CRCS 3 4.0 3,498 $898,000 $256 86 days
20013 Oak Fairway Ct 3 3 3,122 $874,500 $280 54 days
9823 Bay Meadow 3 3.5 2,816 $849,900 $301 101 days
10150 Northridge Ct 3 3.5 3,645 $835,000 $229 283 days
19941 Chapel Trace 3 3 2,699 $825,000 $305 58 days
20280 Leopard Ln 5 4 3,452 $824,900 $238 45 days
10048 Ginger Pointe Ct 3 2.5 2,534 $798,500 $315 194 days
4554 Pinehurst Greens Ct 3 3 2,738 $779,900 $284 191 days
11808 Solemar Ct 3 3 2,822 $750,000 $265 76 days
23000 Whispering Ridge Dr 4 3 2,877 $749,000 $260 24 days
11512 Amalfi Way 4 3 2,741 $749,000 $273 268 days
13561 BROWN BEAR RUN 4 3.0 3,078 $737,700 $239 80 days
20867 Pinehurst Greens Dr 3 2 2,400 $710,000 $295 6 days
Average: 2.9 2.6 2,149 $453,128 $201 112 days
Viewing 1 - 25 of 197 
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
10073 Magnolia Bend 3 3.5 4,281 $1,795,000 $1,500,000 $350 189 days 1/31/18
10550 Glen Lakes Dr 4 4.5 3,818 $1,350,000 $1,225,000 $320 120 days 2/6/18
12456 Water Oak Dr 3 3.5 3,279 $879,000 $815,000 $248 45 days 2/15/18
20253 Country Club DR 3 4 3,223 $795,000 $780,000 $242 97 days 2/23/18
19401 La Serena Dr 3 3.5 3,147 $699,900 $689,900 $219 43 days 2/1/18
20961 Corkscrew Shores Blvd 4 3 2,384 $669,900 $643,000 $269 74 days 1/29/18
20822 Gleneagles Links Dr 3 2 2,080 $625,000 $595,000 $286 74 days 2/1/18
14001 HAWKS EYE CT 3 3 2,488 $595,860 $590,615 $237 78 days 1/31/18
20169 Corkscrew Shores Blvd 3 2 2,107 $599,900 $570,000 $270 274 days 2/9/18
20201 Corkscrew Shores BLVD 3 2 2,112 $579,900 $555,000 $262 147 days 2/20/18
22162 Ponte Romano Ln 3 3 2,376 $514,900 $500,000 $210 26 days 2/5/18
23136 Tree Crest Ct 3 2 2,000 $499,900 $480,000 $240 293 days 2/13/18
17550 Capper Ln 4 2.5 4,038 $624,900 $480,000 $118 611 days 1/26/18
21811 Palmetto Dunes Dr 3 2 2,170 $479,900 $465,000 $214 101 days 2/16/18
20043 Seadale Ct 2 2 1,981 $455,000 $450,000 $227 82 days 2/7/18
10342 Autumn Breeze Dr Unit 102 3 2.5 2,060 $444,500 $440,000 $213 26 days 2/6/18
20239 Cypress Shadows BLVD 4 3 2,004 $434,900 $425,000 $212 115 days 2/23/18
9043 Spring Run Blvd 2 2 1,604 $395,000 $395,000 $246 41 days 1/30/18
10546 JACKSON SQUARE DR 3 2 2,007 $403,850 $393,000 $195 215 days 2/21/18
9232 Spring Run Blvd 3 2 1,504 $389,900 $380,000 $252 46 days 1/29/18
21071 Six Ls Farm Rd 3 3 2,160 $399,900 $375,000 $173 95 days 1/26/18
21720 Helmsdale Run 3 2 2,251 $380,000 $365,000 $162 141 days 2/16/18
9115 Estero River CIR 5 2 2,600 $379,905 $360,500 $138 103 days 2/13/18
20617 Wildcat Run Dr 2 2.5 2,167 $375,000 $360,000 $166 106 days 2/15/18
22991 Rosedale Dr 3 2 2,040 $348,000 $331,000 $162 65 days 2/21/18
Average: 2.8 2.3 2,007 $394,318 $371,892

$180

125 days

Thinking of selling your Estero Home? Give us a call today or start with a no obligation home valuation

here: Whats my Estero Home Worth?

Posted in Real Estate News
Feb. 25, 2018

Watermark Villa For Rent

Watermark Villa For Rent

Just listed! Like New 2 + Den Villa in Watermark by Neal Communities. Live the laid back Caribbean vacation lifestyle at Watermark, a beautiful, new, maintenance-assisted community of single-family homes and paired villas in Fort Myers, FL.  At Watermark, you’ll find a friendly, welcoming neighborhood, meandering streets, exquisite lake vistas and resort style amenities. Lushly landscaped entrance welcomes you home to:

*Beautiful, modern kitchen with gas stove. 

*Large screened lanai with garden view.

*Spacious laundry room with HE washer/dryer included!

*Watermark amenities include a community pool, picnic/relaxation area with fire pit, playground, tennis, basketball courts and fitness center. 

Annual rental in Fort Myers

Available as of April 1, 2018.

$1,750 per month

$1,750 security deposit

View full details here: Watermark Villa For Rent

Watermark Villa For Rent

Fort Myers Property Management

Feb. 7, 2018

Wire Fraud in Real Estate Transactions

Wire Fraud in Real Estate Transactions

Realty Group of Southwest Florida works with many buyers and sellers in Lee & Collier county - Providing our clients with the best possible service is our top priority.  Ensure a pleasant and safe real estate transaction from contract to closing. Lately Premier Land Title, a company we trust and have worked closely with for many years has cautioned and educated our clients on the new wire fraud schemes! Below Premier Land Title has provided some further detailed information and statistics. 

PREMIER LAND TITLE CAUTIONS BUYERS AND SELLERS ON WIRE FRAUD:

Fraud is not a new topic in the real estate industry. But our familiarity has perhaps dulled our caution when it comes to a massive home buying and selling threat. Wire fraud can perhaps be more accurately called identity fraud. Let’s consider a few facts as a wake -up call to a trend that may be an epidemic:

  • 5.3 Billion -  the amount targeted by perpetrators via business email compromise in 2016 (Source FBI)
  • 480 % - the year over year increase in wire fraud scams reported by Title Companies and Attorneys closing Real Estate transactions in 2016 (IC3)2016)
  • 2,370 % - the increase in identified exposed loses to the most typical of wire fraud scams between January 2015 and December 2016

Now consider one more number. All of these jaw-dropping statistics refer to reported cases. And yet it is believed that only 10 to 15% of fraud attempts are even reported!

A few cases:

  1. Real Estate Closing Attorney in New York forwarded  1.9 million dollars of purchasers funds to a fraudulent account through an email scam.
  2. Cape Coral Title Agent wired sellers proceeds of $67,000 to a fraudulent account caused by an email scam.
  3. Lee County Housing Authority wired $15,000 to a scammer through email fraud.

WHAT CAN YOU DO TO PROTECT YOUR FUNDS?

In all cases the fraudsters procure compromised data about identity in order to insert themselves in the communication chain as qualified parties in the transaction. In almost every case, the closing agent, buyer, seller or lender lender unknowingly ends up wiring funds directly to the imposter or his agent.

Don’t be afraid to ask..Purchasers and Sellers should verify with their closing agent or attorney they comply as published by the American Land Title Association Best Practices, the GLB Act and FFIEC Regulatory Act. by asking if they have such certification from an external auditing firm. Secondly, do they have Cyber and Crime/Fidelity Insurance. After all, we are not discussing minor amounts of money.

We at Premier Land Title take your security and private information very seriously. We maintain both Cyber and Crime/Fidelity Insurance as well as being certified by the outside security firm SC Associates as to our compliance with information security systems and policies as noted above. Visit our website at www.premierlandtitle.net

Posted in Real Estate News
Nov. 24, 2017

Investing In Real Estate With Your IRA!

Investing in Real Estate with your IRA!

Did you know you could use your self directed IRA funds to invest in Real Estate?!? After working with several clients on investment purchases through their IRA we thought it was time to touch base on the topic! It seems like many investors are unaware of this great opportunity.

How is it possible to invest in real estate with your IRA?

Well, first off you should contact an investment specialized agent in the local market you wish to invest, preferable an agent with experience working with IRA related purchases. Also, touch base with your IRA custodian to see what requirements they may have for you to make a real estate investment. Then its time to locate a piece of real estate to acquire! Of course you must have liquid funds in your IRA account ready to invest at the time of purchase. The basic rules are very simple… the purchase MUST be an investment, you cannot occupy the property. All income must be directed right back into the IRA and all related expenses MUST be paid directly from the IRA. The beauty here is that the income and appreciation from the sale stay within the IRA account and can be re-invested. Better yet the income and profits are returned to the IRA account tax deferred (or possibly tax-free!).

By not paying taxes on the growth, your real estate IRA retains more principal to build income for your retirement.

In today’s world diversifying your investments is the key to success!

Midland IRA is one of the custodians that we have worked with directly, you may find more information on their website as well: Midland IRA Website You may also contact me directly for more information on the topic in investing in Southwest Florida.

Browse investment properties for sale in Naples, Bonita Springs, Estero and Fort Myers here: Southwest Florida Investment Properties - MLS Search

 

 

As an investor you should always consult with your accountant or financial adviser to determine which form of investment is best to meet your goals.

Nov. 21, 2017

Why Work with Realty Group of Southwest Florida – Southwest Florida Property Management

Perhaps you’re a southwest Florida property owner looking for a property management company, or an investor looking to expand your portfolio. Today, we are introducing Realty Group of Southwest Florida, and explaining how we can assist with your real estate ventures.  

Property Management Southwest Florida: Personal and Local Service

 Founded in 2001, we are a family owned and operated real estate and property management company serving Naples, Bonita Springs, Estero, and Fort Myers. We service short term vacation rentals and long term annual rentals. Being a local family owned company, we have the benefit of giving our clients the personal service that’s usually missed in large corporations. Our online reputation and reviews certainly demonstrate the success we’ve had with our clients. 

Property Management Southwest Florida: Turn-key Services

Our services are truly turn-key. That means we can guide our investors and owners who want to expand their portfolios to the best property for their investment style. Whether it’s a single family house as a second home and a vacation property or a 10-unit apartment complex to maximize your ROI, we can guide you towards the right property, get the property under contract for the best terms, secure insurance for the property, make sure the utilities are active, inspect the property for needed repairs and maintenance, and then find a qualified tenant. From there, we’ll provide ongoing property management.  

 Property Management Southwest Florida: Technology and Communication

 The use of technology keeps us connected with owners and tenants, which best serves your property. You can access your owner portal from anywhere in the world. You can electronically sign purchase contracts and leases, view owner statements, and see your invoices as well as inspections. Tenants can pay rent online and submit maintenance requests with pictures so we can respond quickly and accurately. 

 Hopefully, this gives you some insight into our company and how we can help you. If you have any questions about southwest Florida property management, please contact us at Realty Group of Southwest Florida