The Reserve At Estero – Price Adjustment

19636 Villa Rosa Loop, Estero, Florida

Price ADJUSTMENT

Presented By:

Dominick Tascher

Realtor®, Sales Associate, MD, ABR®, GRI, SRS
MVP REALTY
239-839-5688
Licensed In: Fl
License #: 3090978

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$ Click for current price
3 BEDROOMS | 2 (2 full ) BATHROOMS | 1523 SQUARE FEET

Best priced pool home in The Reserve At Estero. This three-bedroom & two-bath home is in mint condition. Featuring 18-inch diagonal tiles in the living area, GE Profile stainless steel appliances, granite counter tops, wood cabinets in the kitchen, new A/C, new pool (gas) heater & washer 2015. With a west exposure, enjoy the sunset from your lanai with an amazing custom designed swimming-pool with water feature and private landscaped view. You will also enjoy cooking as The Reserve is a natural gas community. The third bedroom has a Murphy bed and matching built-in desk. In the heart of the Village of Estero, short distance to wonderful restaurants, shopping, beaches and only 10 minutes to the airport, The Reserve is a gated community offering a clubhouse, with social room, catering kitchen, fitness center, resort-style community pool/spa and tennis courts.

 

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.
View and Search All Properties For Sale in Estero…

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.
Complete The Form…

 

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.
View Real Estate For Sale in Estero…

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!
View Properties For Sale in Naples to Estero…

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.
View Estero Real Estate and Estero News…

The Future of Estero’s Malls: Brighter Than the National Outlook

The Future of Estero’s Malls:
Brighter Than the National Outlook.

New research from Credit Suisse predicts nearly one in four American malls will close by 2022, Fortune Magazine recently reported. Fueled by the rise in e-commerce, store closures are reaching epidemic proportions; Amazon sales continue to rise as sales from brick-and-mortar stores fall. What does this mean for Estero’s two major malls?
Although the numbers sound astounding (20-25 percent of malls predicted to close over the next five years), Coconut Point Mall and Miromar Outlets are unlikely to be affected. Simon Property Group, the nation’s largest mall developer, shed its low-end malls a few years ago and has been investing in the success of stronger properties like Coconut Point. 
Miromar Outlets is privately held by Miromar Development Corporation and is also likely to weather the “retail apocalypse” just fine.

Estero’s demographics have a lot to do with this sunny outlook. The estimated average income in Estero is about $20,000 above both the state and national averages, according to City-Data.com, which lists retail as the city’s No. 1 industry. Indeed, Estero has long been dubbed the “retail capital of Southwest Florida.”
While both of Estero’s malls have experienced recent store closures — including large spaces vacated by Sports Authority and World Market at Coconut Point — there also have been new store openings. Coconut Point is dividing the 40,000-square-foot space left by Sports Authority for use by two new tenants: Total Wine & More and Tuesday Morning. Clothing retailer Soft Surroundings and restaurant MidiCi Pizza are also currently under construction at Coconut Point.
Diversification is key to the continued health of any mall, according to industry experts. Thriving malls will be less apparel focused and will include more entertainment, dining and lifestyle/fitness opportunities, said Fortune Senior Writer and retail expert Phil Wahbe in “The Future of Malls in America.” He predicts Simon properties will continue to thrive as other malls vanish. 

Coconut Point is on top of the diversification trend, as several interesting tenants have opened within the last year. This includes an Italian bakery (Sospiri), an interior designer (LuxSpaceLiving) and an innovative concept combining apparel sales with dining: Tommy Bahama Marlin Bar. This “oasis” from shopping offers a walk-up bar where weary shoppers can enjoy a mojito, tacos and a key lime pie pop. 

“We are not afraid to take an existing space and split it, like for Total Wine, or combine spaces, like we did for the Tommy Bahama Marlin Bar, which is the only one in the U.S.,” noted Coconut Point Mall General Manager Jamie Grofik. “We want to innovate and surprise people — we have to keep it interesting and evolving.”
Fortune reports that Simon’s overall occupancy rate for its 108 malls is strong at about 96 percent. Coconut Point’s occupancy has remained constant since its opening, Grofik said. The newly opened Towneplace Suites by Marriott should drive even more traffic to the mall.

Divieto Ristorante (fine Italian dining) is another promising addition.
At Miromar, Wasabi Japanese Steak House and Sushi Lounge has opened on the mall’s south end, and a new H&M (a Swedish clothing retailer) is under construction nearby. Miromar offers 20 dining options, from snack vendors like Auntie Anne’s Pretzels to upscale restaurants like Wasabi, while Coconut Point offers 28 dining locations. On the casual end, there’s burgers from Five Guys, and on the upscale end, there’s Ruth’s Chris Steak House.

That diversity is key to the longterm success of the mall and extends to stores selling apparel and housewares. Coconut Point’s tenant mix includes bargain retailers like T.J. Maxx and Target on the north end of the mall, while an upscale department
store (Dillard’s) anchors the south end.
Special events like farmers markets, art festivals and charitable walks add to the foot traffic at both malls during the peak season for vacationers and seasonal residents.
Every mall will experience store closures, but the key is to fill them quickly with something as good, or better than, the previous tenant, Grofik said. Coconut Point’s strategy to combat the rise in e-commerce is simple: “You have to present a shopping experience that’s pleasant with retailers and restaurants that provide excellent service, offer a lot of choices,
and give guests a reason to return.”
Grofik says Simon, as a corporation, has always adapted to changes in the market and will continue to do so. She sees the future particularly bright for Coconut Point Mall, especially if Estero residents continue to support their local retailers.
“Residents need to realize that the more local dollars spent here and the better the tenant performance, the easier it is to retain key retailers and secure new leases for vacancies,” she advised.
©ECCL – June 2017 Report.
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Estero North Point – A New Project in The Village of Estero

The Village of Estero Design Review Board meeting of December 14, 2016 examined the project presented by Estero North Point Ltd.

Estero North Point proposes to construct the core infrastructure that will serve the future development parcels within the approximately 100 acre Estero North Point site.

They are proposing a main entrance, with traffic signal, at US 41 and Pelican Sound Drive, a second entrance on US 41 further south opposite the 7/11 store, and an entrance off of Williams Road. There will also be a connector road to the north.
They are planning to include a 10 foot multi-use bike/ped path on one side of their internal road.
The applicant will be providing a buffer along US 41 at a later date.  For now, they will leave the current foliage to screen the undeveloped parcel, even though it is predominantly invasive plants.
This project is located northeast of the intersection of US 41 and Williams Road and is located in the Village Center.