So You Want to Live at the
Beach??? |
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You’re not alone – most people I talk to envision their little slice of paradise shaded by palm trees and a stunning sunset over the Gulf of Mexico.
BAD NEWS – God isn’t making any more Gulf-front properties in Naples or anywhere else for that matter.
GOOD NEWS – Naples Gulf-front properties were planned to avoid the high-density development as experienced on Florida’s east coast. Naples condominium development history is comparatively young – roughly starting only 30 years ago and is just
reaching build-out
BEST NEWS – Most of these properties have historically been experiencing a 24+% appreciation per year.
AT WHAT PRICE – Bay Front Properties (located across
the street from beach) start at roughly $275,000
Gulf Front Properties start at roughly $450,000
THE SKY’S THE LIMIT – These properties can exceed $12,000,000!!!
WHAT’S A CO-OP? A cooperative (co-op) is a specific unit in a building in which a person has received a proprietary lease through the purchase of shares in the cooperative (corporation, partnership or trust) which holds title to the entire building.
WHY WOULD YOU WANT TO BUY A CO-OP? Value for location. Naples is one of the few communities that still have cooperatives. They were built in the 60’s and are primarily located in The Moorings community along Gulf Shore Boulevard North. The locations are prime and the units renovate easily. Most of these properties own their land lease. However, these properties aren’t as easily financed.
YOUR BUDGET IS LIMITED? There’s over 14 miles of Naples beachfront with public access from Port Royal in the south to Wiggins Pass to the north. There’s no reason to be farther than 10 minutes from the beach from a condo property (starting at approximately $120,000).
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