December 2009

JUST LISTED IN GATED WINDSTAR GOLF CLUB AND MARINA

Monday, December 14th, 2009 at 4:21pm. 279 Views, 0 Comments.

Exclusively yours...Don't miss the opportunity to move right in to this light and bright turnkey highly desired corner condo with nothing to do but unpack your bags.

Tastfully furnished, the unit boasts custom wallpaper, tile on the diagonal, hardwood flooring, granite countertops, a custom wall unit, as well as custom drapes. The view from the lanai overlooks the pool and preserve area and makes for wonderful entertainment space.

Windstar is the only community of its type in Naples having a Tom Fazio designed championship golf course, a private beach and its own marina. Incredible

Windstar golf membership now available for just the annual dues of $8,000.

Windstar represents some of the best of naples real estate!

VANDERBILT BEACH AREA CONDO AVAILABLE FOR SALE OR LEASE

Sunday, December 13th, 2009 at 9:12am. 187 Views, 0 Comments.

Priced to sell in Summerplace, being sold turnkey and Not a short sale! Simply adorable and tastefully re-done describes this fabulously located 2bedroom/2bath condominium residing across from the new Mercado complex and very near the beach. This unit features glass sliders on the large screened-in lanai, as well as wood flooring, ceramic tile on the diagonal and carpeted bedrooms. 

The kitchen has plenty of storage, as well as a breakfast area. The condo has a formal dining area and is adjacent to a large livingroom. The spacious master bedroom and bath completes the package with closets galore making it an extremely comfortable area. The carports were recently re-done and there is a large storage area attached.

The condo is available for lease January…

THINKING OF BUYING A FORECLOSED PROPERTY?

Tuesday, December 8th, 2009 at 1:34am. 116 Views, 0 Comments.

The lure of purchasing a 'short sale' or foreclosed property might seem highly compelling, but before considering such you might heed the old classic warning of Caveat Emptor or let the buyer beware. Because foreclosures are traditionally sold as-is, it is extremely important that you have done more than the usual due dilligence, especially here in South Florida. Known as R.E.O.s (Real Estate Owned), there can be many pitfalls that you need to avoid.

If you are purchasing at auction, it is imperative that you have inspected the property along with someone who is qualified to to render an opinion about the major equipment, such as the air conditioning unit(s). This sometimes can be extremely difficult becuses in many cases the power to the home has beenoff…

MORTGAGE RATES DROP TO RECORD LOWS LAST THURSDAY

Sunday, December 6th, 2009 at 10:58am. 108 Views, 0 Comments.

Freddy Mac published rates for a 30-year fixed rate mortgage on Thursday and those rates dropped to a record low of 4.71 percent fueled by a very aggressive government campaign to reduce the cost of borrowing money. The record low is since tracking began back in the early 70s.

The interesting thing is to see what happens this coming Spring when the money that the Federal Reserve has been pumping into securities that are mortgage backed runs out. That figure stands at $1.25 trillion and  the whole goal is to help make the homebuying experience more affordable, while propping up the housing market.

One might suggest that if you are in the market for a home and will be financing, you might not want to wait too long because the rates will not be staying at these…

FINALLY...MEDITERRA CLUBS WHERE THEY BELONG!

Saturday, December 5th, 2009 at 8:51am. 101 Views, 0 Comments.

It was nice to see that Mediterra's beach and golf clubs are finally in the hands of where they belong...theirs members!

Yesterday marked the end of a lengthy six month struggle as members finalized the purchase from the developer, financially strapped Bonita Bay Group. They are hoping to sell off all of their club and golf course holding as part of a restructuring plan to avoid bankruptcy.

The deal for Mediterra cost the members $6.8 million in cash and they assumed a $15 million in debt for the CDD (Community Development District) bond which the developer originally set up to cover the costs of the infrastructure, road and other costs for services. The members raised enough cash from the sale of golf, sports and social memberships to complete the…