Moraya Blog

2010
01.29

Economy Growing Quick!

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Real Estate is making a comeback! The epicenter of the boom and bust will be the leaders of the recovery,” said Lawrence Yun, chief economist for the National Association of Realtors. “Those three regions( including Florida) went through a big boom and a big bust and I think they overcorrected and are making solid gains compared to the rest of the country.” He sites multiple bids on lower priced properties, prices beginning to stabilize and inventory levels coming down as evidence that the bottom is in sight.

For More information on the recovery of the Economy read more here

2010
01.23

OPERA NAPLES Event!

What a great turn out at Moraya Bay for the meet the star reception for Opera Naples.  The  Stars of Il Travotore Steffanie Pearce sang for the guests.  The lobby of Moraya Bay was the perfect place to watch the sunset and listen to some incredible Opera

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2010
01.23

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The Country Club of Naples has been around since 1966 when it was first founded. The only other courses around at the time were Hole-in-the-wall, The Beach Club and Palm River. The Country Club of Naples was the first full service club in the area and boasted a championship course over a distance of 6,500 yards.

Regarded as prime Naples commercial real estate, the Country Club of Naples has an enviable location a little way off the I-75 in beautifully sculpted landscapes, lakes, clubhouse, and other amenities.

The original course was designed by the famous architect William Diddel. He had designed over 300 courses in Canada and the United States and was the founder of the American Society of Golf Course Architects.

The Country Club of Naples members decided it was time to restore the club to its former glory and closed its doors on April 5th 2009 so they could begin work. The scope was impressive, a complete remodel of the course from the bunkers up. The length was increased from 6,500 yards to 6,800, all bunkers, tees and greens were rebuilt. The landscape modified to match the “Old Florida” style with cypress trees, native plants and grasses.

Local business carried out the work in designer Gordon Lewis as the architect and Jim Glase Golf Construction as the builder. Oversight by the club’s superintendent Bill Davidson made sure everything went smoothly. The finished article is testament to the hard work and skill of these local people.

The revamped course was re-opened on October 31st 2009 where members were presented with a completely restored and improved course. It now has six tees for all skill levels, beautiful, natural landscapes and 700 new trees to line the fairways and greens. They were unanimously pleased with the results, and have since welcomed a further 29 new members since the opening.

As a full service club there are other amenities as well as the course. There is a driving range, putting green, pool, tennis courts and a well stocked golf shop. They have also installed wireless internet!

Once you have worked up an appetite on the course or other activities you can dine in the fine dining restaurant in the clubhouse. Here they offer a full dinner, buffets and special events. You can choose from a fine dining menu, a casual “Suppertime” menu and a “Tableside” menu or just enjoy a coffee and a snack in the Foundation Café or Tavern by the Green.

While it isn’t what springs to mind when you think of Naples commercial real estate, that is exactly what it is. A profit making commercial enterprise wrapped up in a beautiful, scenic, relaxing wrapper. A great place to spend the day.

courtsey of Naples News

2010
01.20

Moraya Bay Sunsets!

The sunset from the lobby terrace on Sunday night was beautiful!

Sunset Sunday from the lobby terrace!

2010
01.16

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The Naples Area Board of Realtors released its 2009 summary, as well as its 2009 fourth quarter summary. The figures showed a steady increase in pending and closed sales over the previous year, as well as a decrease in inventory.

“We have a tremendous amount of momentum here heading into 2010,” said Mike Hughes, NABOR media relations director.

To those who have watched the local real estate market struggle to recover after its recent collapse, this may sound like a familiar refrain. But Hughes says the new numbers do more than fuel speculation or undue optimism about when the housing market will bottom out; instead, they show an actual turnabout in the area’s entire real estate situation.

“We haven’t seen a jump in these numbers in these levels in years,” he said. “The fact is, it’s not one or two indicators, it’s all of them. I really think 2010 is going to be a strong year.”

The annual summary showed overall pending sales in 2009 increased 71 percent. In total, 9,513 contracts were recorded, as compared to 5,567 contracts the previous year. There was a 48 percent increase in closed sales as well, with 7,056 closed sales recorded in 2009, versus 4,756 in 2008.

There were fewer homes on the market than in previous years, too. In April 2007, there were 12,399 units for sale. Slowly, that began to decrease until in 2008, the annual inventory was 10,851. Finally, in 2009, it was 9,201.

The annual and quarterly reports tracked Realtor sales though the SunshineMLS multiple listing service. Excluding Marco Island, the reports included all of Collier County and were divided into six geographical areas.

NABOR also released figures for the final quarter of 2009 and December 2009, and the numbers showed that the year’s most significant activity seemed to occur in its final months. Pending sales increased 92 percent in the fourth quarter of 2009, with 2,455 contracts, versus 1,276 contracts in the same quarter of 2008.

Anecdotal evidence supported those numbers. At real estate firm John R. Wood, Realtors, there has been a surge of activity in recent weeks, said the company’s president, Phil Wood.

The day after Christmas, it was if someone threw a light switch, especially on interest in high-end homes, Wood said.

NABOR’s report showed that in December 2009, the $1 million to $2 million segment of the market seemed be particularly lively, showing a 157 percent increase in pending sales over December 2008. Pending sales of single family homes and condominiums in that same segment showed a 178 percent and 120 percent increase, respectively, over December 2008.

It looks like condo’s in Florida are making a rebound, prices are soon going to be inching upward!


2010
01.03

Renee Gaddis from Collins and Dupont did an unbelievable job for her clients! Through the designer’s desire to incorporate a coastal look, it leaves you feeling suspended over the beach and the aqua waters of the Gulf of Mexico. The Master Bath is a prime example of the flexibility for a custom-designed residence. Non load-bearing interior walls allowed Renee to place a “window” in the master bath wall to watch the sunsets from your spa like tub. Plantation shutters were used to ensure privacy if so needed, and the design matches perfectly with the richness of the master bedroom. The living area with floor to ceiling windows brings the focus to what living directly on the beach is all about! Is there anything better then that view?

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