Tuesday, September 20, 2011
Real Estate Briefs - Cape Coral Daily Breeze
upturn in market
In April 2011, General Manager Michael Gay of the Fort Myers division for Adams Homes reported seeing a positive turn in the local market. He brought in Bill Panebianco to start building a super sales team, and Adams has increased its staff by 300 percent since April.
According to company officials, sales have been so good that company founder Wayne Adams is reopening The Lehigh Acres Model on Lee Boulevard in Lehigh. Adams will be building in the Greenbrier area of Lehigh Acres. Prices will start at $77,900 for a 1,540-square-foot home, up to $141,900 for the popular 3,000-square-foot model.
re-released for sale
Fewer than 70 condominium homes remain at Tarpon Landings, a high-rise community located in Tarpon Point Marina in Cape Coral, announced sales manager Lauren Snyder-Hagan. Previously in foreclosure, the community was recently re-released for sales, with more than 22 homes being sold in the last 30 days.
Tarpon Landings is a gated village with 210 condominium homes in three, 14-story buildings, offering a birds-eye view of the Caloosahatchee River, the Gulf of Mexico and beyond. The remaining 70 homes range in size from 2,888 to 3048 square feet of air-conditioned living space and are priced from the mid $500s. Penthouses range from 4,424 to 5,296 square feet with prices available upon request.
Tarpon Point Marina is at the south end of Pelican Boulevard. The sales center for Tarpon Landings is located at 5911 Silver King Blvd., unit 114, on the Promenade. Call the sales center at 239-541-5025 or visit www.TarponPoint.com
Wilkinson to explain latest trends
in property values and future forecast
Lee County Property Appraiser Ken Wilkinson will deliver a wide-ranging view of current trends in property values, variations in local market sectors and projections for the future at the Real Estate Investment Society Tuesday, Sept. 13, luncheon meeting.
Wilkinson will review the recent history of land and commercial property values, analyze the factors affecting values and explain what is happening with commercial properties in different submarkets within Lee County.
He will also reveal the latest resources available on the property appraiser's website and how real estate professionals can use them to evaluate properties and sales trends.
Wilkinson recently represented Florida on a mission to China to guide that country in establishing a system for property appraisal and taxation and is expected to relate highlights of the trip. After his presentation, Wilkinson will respond to specific questions from the attending real estate development and investment professionals.
The meeting is sponsored by Pavese Law Firm, and will begin at 11:30 a.m. Sept. 13, in the Osprey Room at Pelican Preserve's Clubhouse, on Treeline Avenue at Colonial Boulevard, one mile east of I-75, exit 136, in Fort Myers.
Admission is $25 for members and $35 for guests, which includes lunch. Reservations are required by Sept. 7 and may be made at the REIS web site: www.reis-swfl.org.
For further program information, contact Kim Donnelly at 239-768-4522.
Root ranked as top agent
for sales voiumne in July
Miloff Aubuchon Realty Group has announced that Steve Root was recently ranked the No. 1 agent in sales volume for July 2011 in Cape Coral, and the No. 2 agent in Lee County for the same time period, according to company officials. He specializes in residential and commercial real estate.
Root Joined Miloff Aubuchon Realty Group in 2010 and quickly found his niche in the commercial real estate sector. Originally from Canton, Ohio, he made his way to Southwest Florida continuing his banking career at Fifth Third Bank in Naples, as senior vice president and consumer loan statewide manager. By 2004, he and his banking colleague and friend, Chris Ferrer, had joined forces to co-found the Community Bank of Cape Coral, where Root later served as CEO for several years.
After an early retirement, he made the decision to take on a second career and obtained his real estate license. He currently leads the commercial division of Miloff Aubuchon Realty Group.
37 single-family homes permits issued in August
in unincorporated Lee County
During August, contractors pulled 37 permits to build single-family houses collectively valued at $10.2 million in unincorporated Lee County. That compares to 29 permits issued in July and 17 issued in August 2010, according to the Lee County Department of Community Development.
Permits were issued for 18 multi-family units - three duplexes and three four-plexes - compared to four units in July. No permits for multi-family units were issued in August 2010.
Permits for 11 new commercial structures were valued at nearly $10.8 million in August, pushing the year-to-date total over $103 million. That's the first time since 2007 that commercial permitting in unincorporated Lee County has exceeded $100 million.
This year's total is due mostly to construction of the new Red Sox ball park and training facility. Commercial permitting was valued at $4.4 million in July and $4.6 million in August 2010.
A total of 2,748 permits of all kinds were issued during August, and more than 20,850 have been issued so far in 2011. That includes permits for 272 single family homes.
Lee County Community Development oversees planning, zoning, development and building services, environmental review, building inspection, and code enforcement for the unincorporated areas of Lee County.
To learn more about the department and its services, visitwww.lee-county.com/dcd/.
Stout, Schafer join
Miloff Aubuchon Realty Group
Cape Coral Real Estate Company and foremost leader in home building and real estate solutions, Miloff Aubuchon Realty Group, announces Donna Stout and Michele Schafer have joined the company as Broker Associates specializing in residential and commercial real estate.
Stout and Schafer have been business partners since 2008.
The Aubuchon Team of Companies is comprised of several entities designed to meet residents' every need in the home-buying and home-building process, including building, remodeling and investing. The company's goal is to make every customer a raving fan.
Team Aubuchon in-cludes Cape Coral real estate and home building company: Miloff Aubuchon Realty Group, Aubuchon Homes, The Sterling Collection, and Evalutions by Aubuchon.
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