Estero Real Estate – Home Sales Surge in October 2017

Sale of single-family homes in Estero surged 42% in October.

Screenshot 2017-12-12 09.08.55
Courtesy of Joe Pavich, Sr – Estero Development Report – November 2017

The real estate market is very strong in The Village of Estero, where sales of single-family homes surged 42% in October compared to October 2016.
47 single-family homes were sold in October.
Year-to-date sales are up 8% with 523 homes sold. This re presents the best year since 2010.
At the end of October, there were 387 single-family homes for sale in Estero, which represents a seven-month supply (there are 351 as of today).
This means we are in a strong market and the demand is steady.
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Future Of Bonita – Estero Trail: Act Now!

ACT NOW TO PROTECT FUTURE FUNDING OF THE BONITA-ESTERO TRAIL
What’s at Stake:
The inclusion of the Seminole Gulf Railroad “Bonita-Estero Trail” among priority trails in the upcoming five year plan.
What You Can Do:
Customize and submit your comments on the planning documents using our links below.
When:
Between now and December 15, 2017
What:
Background documents are available here.The Bonita-Estero Trail (Seminole Gulf Railroad (SGLR) ROW), which is supposed by the MPO and has been a priority trail in the past, has been dropped from the maps, which would make funds less available. As envisaged, the BonitaEstero Trail will provide transformational benefits to the Southwest Florida area; including quality of life and health improvements, high quality economic development and low impact tourism.

Complete the form below to send a message to the State regarding this important. You may amend the message as you see fit.
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Bonita Springs & Estero Real Estate Markets Active After Hurricane

BONITA SPRINGS — According to the Bonita Springs-Estero Association of REALTORS® (BEAR) Media Committee, post-storm inventory has not shown a large decrease specifically due to homes affected by Hurricane Irma.

“Comparing inventory on Aug. 31 with inventory as of Sept. 22, we’re seeing just a 10 percent decrease,” stated Jerry Murphy, managing broker, Downing-Frye, Bonita Springs. “This decrease only represents homes indicated with a ‘withdrawn’ status, meaning these homes were withdrawn from an active status most likely due to a temporary situation.”

An example of a temporary situation might be foliage and tree debris from the storm inside communities, which may prevent buyers from entering the community until cleanup is completed, or a minor repair such as pool cage screening.

Overall, Bonita Springs and Estero homes did not see major structural damage from Hurricane Irma. This is likely due to homes that were built in the last 15 years with improved construction standards that were updated post Hurricane Andrew.
Read the Full Article…
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Estero – Lee County Commissioners approve purchase of Edison Farms conservation land

A great victory for protection of the environment in Lee County, and particularly Estero!
The Lee Board of County Commissioners (September 19, 2017) voted unanimously to purchase about 4,000 acres in southeast Lee County – commonly known as Edison Farms – as a Conservation 20/20 preservation site.
The $42.4 million purchase ranks as the largest single parcel approved by the Board since the purchase of Bob Janes Preserve, which is 5,620 acres.
The acquisition of the Edison Farms parcel would:

  • Protect a significant, diverse population of wildlife and plant communities.
  • Assist with the distribution of freshwater flows in a natural wetland slough system and adjacent uplands that are part of the headwaters to Estero Bay, the state’s first aquatic preserve.
  • Help sustain the region’s groundwater levels, a vital component to the area’s drinking water supply.
  • Provide flood relief by facilitating the restoration of historic flow-ways in the region.
  • Provide opportunities for nature-based recreation in the southern part of Lee County.

The Edison Farms purchase is expected to close by the end of the calendar year.
Conservation 20/20, which has preserved more than 25,000 acres since its inception, is Lee County’s environmental acquisition and management program. Preservation lands help the county protect drinking water, provide nature-based recreational opportunities, protect areas from flooding and provide wildlife habitat.
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Hurricane Irma Aftermath: Recovery Well On Its Way.

Since Sunday I have toured many areas, driving around Naples, Bonita Springs and Estero looking at damages after the passage of Hurricane Irma. Driving on US 41 from Estero to Naples, damages are barely noticeable: A few signs are gone, some posts are twisted, old and large trees are on the ground but palm trees have largely resisted the fury of the storm.
On Gulfshore Blvd in Naples, The Moorings and Park Shore neighborhoods have landscape’s damages, the buildings do not have structural or large damages. Minor damages can be seen on the roofs of very few buildings.
Buildings in Pelican Bay have perfectly resisted damages, due to the lush landscape of the area, numerous beautiful large trees are down but it will not be noticeable after cleanup as many trees remain intact.
Vanderbilt Beach‘s beach front or bay front buildings have also well borne the storm with no evident damages.
In Bonita Bay, many old and large trees are down too; once they will be removed, it will be difficult to notice it.
Most affected areas seem to be in East Naples and Marco Island or very specific areas by flooding or where there’s been tornado activity.
Cleanup has started actively everywhere, 80% of FPL customers in Collier County had power restored, and 92% of Lee County Electrical Cooperative had lights back on.
FPL vows to have all power back this Friday, September 22nd.
There is no reason to doubt: Naples, Bonita Springs and Estero will recover promptly without any scars!
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Estero – Hotel Project Near Coconut Point

Hilton has the project to built an Hilton Garden Inn Hotel in Estero, just North of Coconut Point and close of the community of Rapallo.
The hotel would have five stories with 115 rooms. The project still waits for the Village approval and then will go – if approved – in front of the Design Review Board.  View Complete Article…
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Estero – Active New Developments – July 2017

Estero is rapidly approaching “build out” with approximately 400 acres of vacant land left to be developed of the total 17,000 acres in the Village of Estero.
Currently, Estero has 17 projects under construction. Another handful of developments are making their way through the Village’s planning and zoning process.
View the complete state of advancement of residential and commercial developments in Estero.
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