Aqualane Shores Is the "Next" Market to Get Hot

12/23/13


We all know by now that 2013 was a great year for real estate showing some interesting trends. It was certainly a year where "view" was a big sales item and brought big numbers in Port Royal, Park Shore, and The Moorings waterfront. Location was key when it came to hot spots in the Old Naples and off water Crayton Road neighborhoods with proximity to the beach and amenities drove prices of specific areas within these areas.It is now Aqualane Shores time to shine, with a healthy supply of homes currently on the market this community offers some choice for buyers wishing to be close to the beach, 3rd Street Shops, and have Gulf of Mexico access in their backyard. As of today the market has 27 active properties including "lots" ranging in price from $1.695m to $9.45m. The market in Aqualane bottomed out at around $1m 2 years ago and has regained a lot of that lost ground with the lowest priced waterfront property listed at $2.445m but is still far from the highs we saw in 2005-2006.The market in this neighborhood is heavily influenced by it's two adjacent neighboring communities; Port Royal and Old Naples. Port Royal's bottom for waterfront is sitting right around $4m while most homes are in the $7m range making and Old Naples seeing land sales 1-2 tiers to the beach selling in the $2m range and new homes selling for $1000 per square foot. Both of these statistics bode well for Aqualane Shores for the fact that you can have a great waterfront location at a comparably affordable price to Port Royal and still pay close to Old Naples prices per square foot while having a Gulf access property. Aqualane has always been my favorite neighborhood in Naples and it continues to get better and better every year with beautiful new homes being built on every street, older homes being remodeled, and the location to Naples best amenities getting closer every day.

GCIP currently has some great opportunities for sale in Aqualane Shores from lots to brand new construction. If you would like more information on this neighborhood or consultation on the Naples market please contact Adam Carriero at adam@gcipnaples.com or 239-641-3876.

Please contact Adam Carriero at adam@gcipnaples.com or 239.641.3876. I am available for consultation on the Naples, Florida, market.



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