Market update – Rapallo at Coconut Point

Only one luxury second-floor carriage home – a Monterosso floor plan – is still available for sale in Rapallo at Coconut Point.
The corner units – Rio Maggiore – are sold or under contract. These luxury carriage homes offer spacious floor plans (2,492 to 2,584 sq.ft), 2-car garage and all the beautifulamenities that Rapallo at Coconut Point offers. Rapallo is located in Estero Florida and less than a mile North of the new Coconut Point Mall.
You can register for a free market snapshot for Rapallo. View all available resale properties in Rapallo….

Bonita Springs and Estero – Construction Roads – Update

Lee County is widening Coconut Road west of US 41:
The portion of Coconut Road connects the Hyatt to US 41 at the junction of Bonita Springs and Estero, Florida. On the South part of this road is located The Colony at Pelican Landing, an upscale Golf community developed by WCI.
The widening of Three Oaks Parkway between Corkscrew rd and Alico rd in South Lee county is well advanced and should be completed very soon.
The construction of a sidewalk on the North side of Williams Rd west of US41 wil start very soon and will goes up to Three Oaks Parkway. Williams rd in Estero gives acces to West bay Club and Pelican Sound Golf & River Club.

Real Estate Trend up again in Estero Florida

The real estate trend looks promising again in Estero, Florida. Estero is located North of Naples and Bonita Springs. Not yet a town, Estero has a council of community leaders (ECCL) – voluntary community organization with an architectural committee (Estero Design Review Committee) making Estero a pretty place to live.
The trend is up again globally for residential real estate in Estero (see graph).

– 424 properties have sold YTD in 2008.
– 416 properties have sold in 2007.
On the 424 properties sold so far:
– 220 single-family homes.
– 204 condominiums.
The pending home sales are also on a upward trend and as of today there are 74 properties under contract (pending sales) in Estero.

The inventory of resale properties and the new listings started to decrease in Estero:
This trend could be the prediction of a strong season 2008-2009.
Estero is still in a buyer’s market for how long? With a decrease of inventory, prices are still a correct range so far. Properties in great location or great communities should not stay that long on the market.
Search all available listings in Estero.