Category Archives: Home Sellers

Cannes in Pelican Bay

Cannes is nestled in the gated enclave of Crown Colony in Pelican Bay in front of Cap Ferrat.  Cannes in Crown ColonyThis lakefront community is next to the tram stop for Pelican Bay’s private beach clubs and has a beautiful community pool.  There are just four buildings and 16 total homes built in 2005.  There is currently a 4 bedroom, 4 bathroom unit with 3,952 sq. ft. of living space for sale with a list price of $1,650,000.  It has been on the market since Sept 2013 with a price reduction in April 2014.  Units in Cannes are rarely on the market so if you want to be here, now is the time.  Cannes at Pelican Bay property owners may rent their units three times a year with a 30 day minimum.

Pelican Bay is an upscale community where residents enjoy 2 private beach clubs on-property with year-round dining and beach attendants, 2 tennis facilities, state-of-the-art fitness center, biking paths, kayaks, and more.

For information on Cannes in Crown Colony or Pelican Bay, please call me, Frank Petras at (239) 595-2221 or visit www.FrankPetras.com.

As a REALTOR in Naples, Florida with a very impressive international client list, I am known for my incomparable market knowledge, exceptional customer service, superior negotiating skills, high-end global targeted marketing and tremendous results.  I have an unrivaled reputation as a luxury property specialist. I have earned local and national recognition for marketing and selling multimillion dollar luxury waterfront and golf course estates and other fine properties in Naples, Bonita Springs, Estero and the surrounding areas.

Voted Best Real Estate Agent in Client Satisfaction in Southwest Florida – Gulfshore Life Magazine

John R. Woods’ Emerald and Platinum Circles of Excellence

Realty Alliance Leading Residential Real Estate Sales Professional in North America

Appointed to Who’s Who in Luxury Real Estate

Awarded Million Dollar Guild Recognition by The Institute for Luxury Home Marketing

Bridge Way Villas at Pelican Bay

Naples Homes for Sale

Bridge Way Villas at Pelican Bay, with their grey Cape Cod style architecture, look as if the beach were right around the corner…and it is!  Each villa, built between 1983 and 1987, has at least 1,650 square feet and some have over 2,600 square feet of living space. Bridge Way Villas at Pelican Bay are located on the southern end of Pelican Bay off West Boulevard within walking distance to Waterside Shops and Artis-Naples (formally the Philharmonic).  Peaceful lake, landscaped and preserve views are all around…just over the bridge.   In addition to the great location, owners enjoy easy one-level living with outstanding outdoor spaces, plus the nature-rich Pelican Bay with its private boardwalks, active lifestyle and beachfront dining.

There have been 5 closed sales since March 2013 with an average sale price of $1,041,000.  The average price per square foot is $459.00.  The average days on market is 106.  There is currently one active listing with 2,054 sq. ft. of living space listed at $849,000 ($413 per sq. ft.)

For information on Bridge Way Villas or Pelican Bay, please call me, Frank Petras at (239) 595-2221 or visit www.FrankPetras.com.

As a REALTOR in Naples, Florida with a very impressive international client list, I am known for my incomparable market knowledge, exceptional customer service, superior negotiating skills, high-end global targeted marketing and tremendous results.  I have an unrivaled reputation as a luxury property specialist. I have earned local and national recognition for marketing and selling multimillion dollar luxury waterfront and golf course estates and other fine properties in Naples, Bonita Springs, Estero and the surrounding areas.

Voted Best Real Estate Agent in Client Satisfaction in Southwest Florida – Gulfshore Life Magazine

John R. Woods’ Emerald and Platinum Circles of Excellence

Realty Alliance Leading Residential Real Estate Sales Professional in North America

Appointed to Who’s Who in Luxury Real Estate

Awarded Million Dollar Guild Recognition by The Institute for Luxury Home Marketing

Beauville at Pelican Bay

Beauville at Pelican Bay is located off Green Tree Drive with easy access to the Pelican Bay Golf Club.

Beauville in Pelican BayConsidered a north central location, Beauville at Pelican Bay offers both attached & detached villas with a French Village theme.  Villas live like a single family home, but are smaller and have smaller property lines and less maintenance, which many people enjoy.  Homes here range in size from 1,300 square feet to 3,000 square feet and offer several views; golf course, preserve and landscaped area views

There is currently one active listing priced at $968k.  Five properties have sold in Beauville in the last two years with prices ranging from $650k to $988k.  The average sales price for sold units in the last two years is $799k; average days on market is 104.  The rental policy for Beauville at Pelican Bay allow Beauville owners to rent their properties a maximum of two times a year with 90 day minimums.  Beauville at Pelican Bay is a pet friendly community with approval.

For information on Beauville or Pelican Bay, please call me, Frank Petras at (239) 595-2221 or visit www.FrankPetras.com.

As a REALTOR in Naples, Florida with a very impressive international client list, I am known for my incomparable market knowledge, exceptional customer service, superior negotiating skills, high-end global targeted marketing and tremendous results.  I have an unrivaled reputation as a luxury property specialist. I have earned local and national recognition for marketing and selling multimillion dollar luxury waterfront and golf course estates and other fine properties in Naples, Bonita Springs, Estero and the surrounding areas.

Voted Best Real Estate Agent in Client Satisfaction in Southwest Florida – Gulfshore Life Magazine

John R. Woods’ Emerald and Platinum Circles of Excellence

Realty Alliance Leading Residential Real Estate Sales Professional in North America

Appointed to Who’s Who in Luxury Real Estate

Awarded Million Dollar Guild Recognition by The Institute for Luxury Home Marketing

Bay Villas at Pelican Bay

Bay Villas at Pelican Bay offers buyers tremendous value in a tranquil area situated in the south side of Pelican Bay with easy access to Clam Pass, Waterside Shops and Artis Naples.

These attached and detached villas with Mediterranean style were built between 1981 and 1983.   There are 71 units consisting of either 2 or 3 bedrooms and range in size from 1,540 square feet to over 1,900 square feet.  Many of the units have a private pool and a two car garage.   Brick courtyards and lush tropical landscaping, including magnificent palm trees are found throughout this well maintained community.  This is the closest thing to single family living without the added upkeep.

The rental policy for Bay Villas at Pelican Bay allow Bay Villa owners to rent their properties a maximum of two times a year with 60 day minimums.  Bay Villas at Pelican Bay is a pet friendly community and are conveniently located next to six tennis courts.

There are five active listings in Bay Villas as of April 2014.  Listing prices range from $680k to $795k.  Thirteen properties in Bay villas have sold in the last 2 years with an average sales price of $647k.  Sold prices range from $530k to $737k; average days on market is 106.

For information on Bay Villas or Pelican Bay, please call me, Frank Petras at (239) 595-2221 or visit www.FrankPetras.com.

As a REALTOR in Naples, Florida with a very impressive international client list, I am known for my incomparable market knowledge, exceptional customer service, superior negotiating skills, high-end global targeted marketing and tremendous results.  I have an unrivaled reputation as a luxury property specialist. I have earned local and national recognition for marketing and selling multimillion dollar luxury waterfront and golf course estates and other fine properties in Naples, Bonita Springs, Estero and the surrounding areas.

Voted Best Real Estate Agent in Client Satisfaction in Southwest Florida – Gulfshore Life Magazine

John R. Woods’ Emerald and Platinum Circles of Excellence

Realty Alliance Leading Residential Real Estate Sales Professional in North America

Appointed to Who’s Who in Luxury Real Estate

Awarded Million Dollar Guild Recognition by The Institute for Luxury Home Marketing

 

How Do You Sell a $5 million Home in 48 Days? Ask Frank Petras

321 Neopolitan Way poolFrank Petras of John R. Wood Properties recently sold a $5 million single-family home in the Park Shore neighborhood of Naples, FL in only 48 days.

This extraordinary, custom, furnished, waterfront residence with a new seawall and dock is nestled in the heart of Park Shore with breathtaking expansive views of Venetian Bay.  A marble deck surrounds the oversized 40’ pool with 3-tiered waterfall/spa.  The home features a fabulous under roof outdoor entertainment area with a fireplace, bar seating and outdoor kitchen.  Windows across the entire back of this stunning home offer 180-degree panoramic water views, north to south.

This sales exemplifies how quickly properties are selling in Naples, FL and why you need an experienced and knowledgeable Realtor, like Frank, to help you with the process.  For information on similar properties in Naples, FL please call Frank Petras at (239) 595-2221 or visit www.FrankPetras.com.

As a REALTOR in Naples, Florida with a very impressive international client list, I am known for my incomparable market knowledge, exceptional customer service, superior negotiating skills, high-end global targeted marketing and tremendous results.  I have an unrivaled reputation as a luxury property specialist. I have earned local and national recognition for marketing and selling multimillion dollar luxury waterfront and golf course estates and other fine properties in Naples, Bonita Springs, Estero and the surrounding areas.

Voted Best Real Estate Agent in Client Satisfaction in Southwest Florida – Gulfshore Life Magazine

John R. Woods’ Emerald and Platinum Circles of Excellence

Realty Alliance Leading Residential Real Estate Sales Professional in North America

Appointed to Who’s Who in Luxury Real Estate

Awarded Million Dollar Guild Recognition by The Institute for Luxury Home Marketing

World’s Ultra Wealthy Hold a Fifth of Their Wealth in Real Estate Assets

Naples, FL is home to Ultra-High-Net-Worth Individuals who are shaping the worlds’ real estate markets.

money symbolReal estate now accounts for around a fifth of the invested wealth of the nearly 200,000 ultra high net worth individuals (UHNWIs) in the world, according to new analysis from international real estate advisor, Savills, in association with Wealth-X, the world’s leading UHNW intelligence provider.  The use of private equity in major property deals worth at least US$10 million has nearly tripled since 2009.

The firm has also analyzed the way private money moves around the real estate world and found that the majority (92%) of investments are within the ‘home’ global region.  North America stands out as uniquely domestic, with 99 per cent of all UHNWI investment coming from US citizens themselves.

In “Around The World In Dollars and Cents” published today, Savills estimates that the total value of the world’s real estate is now around US$180 trillion, some 72 per cent of which is owner occupied residential property.  Of the US$70 trillion that is ‘investable’ and therefore traded regularly – including US$20 trillion of commercial property – over half is being bought by private individuals, companies and organizations.  Investing institutions, listed companies and publicly owned entities are becoming relatively less important to world real estate as a result.

Around 3 per cent, or US$5.3 trillion, of the world’s total real estate value is owned by UHNWIs.  This wealthiest 0.003 per cent of the world’s population has real estate holdings which are worth an average of US$26.5 million each.

Mykolas D. Rambus, CEO of Wealth-X, confirms the growing importance of private wealth: “We forecast that the UHNW population will grow by 22 per cent by 2018, its combined wealth – currently US$27.8 trillion – is expected to total over US$36 trillion by 2018.  This presents huge opportunities for those involved in global real estate investment to create the right product in the right locations.”

Marketing luxury property in Naples, FL and working with high net worth individuals is my specialty.  For exceptional service, please call me, Frank Petras, at (239) 595-2221 or visit www.FrankPetras.com.

As a REALTOR in Naples, Florida with a very impressive international client list, I am known for my incomparable market knowledge, exceptional customer service, superior negotiating skills, high-end global targeted marketing and tremendous results. I have an unrivaled reputation as a luxury property specialist. I have earned local and national recognition for marketing and selling multimillion dollar luxury waterfront and golf course estates and other fine properties in Naples, Bonita Springs, Estero and the surrounding areas.

Voted Best Real Estate Agent in Client Satisfaction in Southwest Florida – Gulfshore Life Magazine

John R. Woods’ Emerald and Platinum Circles of Excellence

Realty Alliance Leading Residential Real Estate Sales Professional in North America

Appointed to Who’s Who in Luxury Real Estate

Awarded Million Dollar Guild Recognition by The Institute for Luxury Home Marketing

NAPLES AREA HOME SALES REPORT

Pended Sales Highest Since 2004; Inventory at a 5.6 Month Supply

The Naples, FL housing market is doing great!  Median and average sales prices increased year over year, which is great news for sellers!  And the good news for buyers is that the average price remains 37% below the 2006 high ($686,015).

sales upsales uphot dealsClosed sales above $1,000,000 are the second highest on record since the year 2000, exceeded only by 2005 when there were 1,417 closings in this segment. Properties priced below $250,000 continued to shrink as a percentage of the overall market, down to 51% vs. 62% in 2011.

For the month of December, pended sales greater than $1,000,000 are at the highest level (119) since December 2004 (116).  All price segments show an increase in the number of pended sales year-to-date with the exception of properties priced under $250,000 (down 5% from December 2012).

On January 1, 2014, available inventory in the combined Naples, Bonita Springs and Estero market stands at 5,606 units (2,799 single family homes and 2,807 condominiums).  This represents a 5.6 month supply based on the number of closings in the past 12 months.  On January 1, 2014, the luxury home market accounts for 18% of the active listings.

For more information on the luxury home market in Naples,  please call me, Frank Petras, at (239) 595-2221 or online at www.FrankPetras.com.

As a REALTOR in Naples, Florida with a very impressive international client list, I am known for my incomparable market knowledge, exceptional customer service, superior negotiating skills, high-end global targeted marketing and tremendous results. I have an unrivaled reputation as a luxury property specialist. I have earned local and national recognition for marketing and selling multimillion dollar luxury waterfront and golf course estates and other fine properties in Naples, Bonita Springs, Estero and the surrounding areas.

Voted Best Real Estate Agent in Client Satisfaction in Southwest Florida – Gulfshore Life Magazine

John R. Woods’ Emerald and Platinum Circles of Excellence

Realty Alliance Leading Residential Real Estate Sales Professional in North America

Appointed to Who’s Who in Luxury Real Estate

Awarded Million Dollar Guild Recognition by The Institute for Luxury Home Marketing

SW Florida; Overall Median Home Price Hits 57-Month High

Not since March 2009 has the overall median home price been above $225,000. According to a report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), the overall median home price for November 2013 was $237,000. The Naples area housing market’s November 2013 Southwest Florida MLS statistics show a 19% increase in overall median closed price from $200,000 for the 12-months ending November 2012 to $237,000 for the 12-months ending November 2013. The report also shows overall pending sales for homes between $300,000 and $2 million increased by double digits, and a substantial increase in single-family home sales activity in the North Naples area.

While overall closed sales rose a respectable 9% from 9,010 in the 12-months ending November 2012 to 9,801 in the 12-months ending November 2013, a 17% decrease in overall inventory will continue to influence closed sales growth. “Buyers want to purchase, they just can’t find the inventory,” said Kathy Zorn, Broker, Florida Home Realty.

“Despite the outcome and speculation of such factors as the government shutdown, flood insurance, healthcare reform, and quantitative easing, the market in our area did quite well” says Dr. H. Shelton Weeks, Department Chair of Economics & Finance, Lucas Professor of Real Estate and director of the Lucas Institute for Real Estate Development & Finance at Florida Gulf Coast University. This indicates that there is continued confidence despite the uncertainty and that we have a well-functioning market. He also stated “the market report also tells me that both buyers and sellers are getting a fair deal.”

Based on this data and with my local market expertise, I feel now is the time to buy or sell property in Naples. When you’re looking for an exceptional residence, you deserve exceptional service. Please call me, Frank Petras, Certified Luxury Home Marketing Specialist, at (239) 595-2221 or online at www.FrankPetras.com.
As a REALTOR in Naples, Florida with a very impressive international client list, I am known for my incomparable market knowledge, exceptional customer service, superior negotiating skills, high-end global targeted marketing and tremendous results. I have an unrivaled reputation as a luxury property specialist. I have earned local and national recognition for marketing and selling multimillion dollar luxury waterfront and golf course estates and other fine properties in Naples, Bonita Springs, Estero and the surrounding areas.

Source: NABOR® 2013 November Report

Voted Best Real Estate Agent in Client Satisfaction in Southwest Florida – Gulfshore Life Magazine
John R. Woods’ Emerald and Platinum Circles of Excellence
Realty Alliance Leading Residential Real Estate Sales Professional in North America
Appointed to Who’s Who in Luxury Real Estate
Awarded Million Dollar Guild Recognition by The Institute for Luxury Home Marketing

Home Construction; Applications for New Homes Rise in September

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) for September 2013 found that mortgage applications for new home purchases in Florida, rose both month-to-month and year-to-year.  Compared with August 2013, applications rose 1.6 percent.  Compared with September 2012, applications rose 10.7 percent.

constructionBy product type, conventional loans composed 68.4 percent of U.S. loan applications, FHA loans made up 16.6 percent, RHS/USDA loans composed 1.1 percent and VA loans made up 13.9 percent.  The average loan size of new homes increased from $284,392 in August to $289,650 in September.

In comparison, applications for new home purchase in the U.S. decreased by 1 percent relative to the previous month, though the numbers aren’t adjusted to compensate for seasonal variations.

MBA estimates that sales of new single-family homes were running at a seasonally adjusted annual rate of 459,000 in September 2013.  On an unadjusted basis, the MBA estimates that there were 36,000 new home sales in September 2013. Even though the mortgage rate declined nationally, the percentage of all-cash home sales led to the increased estimate.

When you’re looking to build an extraordinary home, you deserve extraordinary service.  For the best advice on new home builders and communities in Southwest Florida, please call me, Frank Petras, at (239) 595-2221 or online at www.FrankPetras.com.

As a REALTOR in Naples, Florida with a very impressive international client list, I am known for my incomparable market knowledge, exceptional customer service, superior negotiating skills, high-end global targeted marketing and tremendous results. I have an unrivaled reputation as a luxury property specialist. I have earned local and national recognition for marketing and selling multimillion dollar luxury waterfront and golf course estates and other fine properties in Naples, Bonita Springs, Estero and the surrounding areas.

© 2013 Florida Realtors®

Voted Best Real Estate Agent in Client Satisfaction in Southwest Florida – Gulfshore Life Magazine

John R. Woods’ Emerald and Platinum Circles of Excellence

Realty Alliance Leading Residential Real Estate Sales Professional in North America

Appointed to Who’s Who in Luxury Real Estate

Awarded Million Dollar Guild Recognition by The Institute for Luxury Home Marketing

Rum Row and Gin Lane in Exclusive Port Royal

What is one to think about a place with street names like Rum Row or Gin Lane?  Well, don’t let the names scare you away…Port Royal is known the world over for its elegance and fabulous estates.  Rum Row Back yard

Port Royal is located in downtown Naples, Florida bordered by Gordon Pass to the south, Naples Bay to the east, the Gulf of Mexico to the west, and Aqualane Shores to the north.  This is a boater’s paradise.

rum row HousePort Royal is the crown jewel of Naples, FL.  Port Royals history began in 1956 with homes selling for an unbelievable price of $11,200, but now the privilege to live in this part of Naples will cost you millions of dollars.  Many of the homes have been renovated or torn down and replaced with large elegant estates.

Most of the 500 estates in Port Royal are directly on the beach or the bay and are close to exclusive restaurants and boutiques; one does not have to travel far for five star shopping and dining.  Residents have VIP membership to the notable and private Port Royal Club which limits membership to residents only and is one of the world’s most luxurious private clubs.  The Club offers formal and informal dining, 425 feet of white, sandy beachfront, Olympic-sized heated swimming pool, recently renovated tennis center and resort style service.

Live the most exclusive lifestyle in the world as a Port Royal resident!

My background in luxury real estate is just what you need to navigate the well-heeled streets of Port Royal: I always enjoy the opportunity to explore this area with my customers.  For any questions you may have about this area of Naples, please call me, Frank Petras, at (239) 595-2221 or visit www.FrankPetras.com.

As a REALTOR in Naples, Florida with a very impressive international client list, I am known for my incomparable market knowledge, exceptional customer service, superior negotiating skills, high-end global targeted marketing and tremendous results.  I have an unrivaled reputation as a luxury property specialist.  I have earned local and national recognition for marketing and selling multimillion dollar luxury waterfront and golf course estates and other fine properties in Naples, Bonita Springs, Estero and the surrounding areas.

Voted Best Real Estate Agent in Client Satisfaction in Southwest Florida – Gulfshore Life Magazine

John R. Woods’ Emerald and Platinum Circles of Excellence

Realty Alliance Leading Residential Real Estate Sales Professional in North America

Appointed to Who’s Who in Luxury Real Estate

Awarded Million Dollar Guild Recognition by The Institute for Luxury Home Marketing