Over the past 30 days the villa market in Old Naples has ended the season with a great run of sales. During this time period seven villas have gone pending sale and another five have closed. The closed sales have averaged near $650 per square foot. Of the pending sales some of the new construction are pending in the mid $700 per square foot range. The resale villas currently pending have an average time on the market of less than 1 month. The run on the market has dwindled supply to 15 villas currently available for sale ranging in price from just below $1m to just over $3m for new construction.
The Spellbinder villa just listed on friday May 2nd, 2014 is a fantastic property. This is exactly where everyone wants to be! An amazing opportunity to be 5 blocks from the Gulf of Mexico, only 2 blocks from the historic 3rd Street Shops of downtown Old Naples, and 5 blocks to the world famous 5th Avenue South. Spellbinder Villas are a small enclave of homes surrounded by mango trees and sunshine. Composed of over 2300 square feet under air, private heated pool, attached garage, 2 separate living areas on the first floor, 3 bedrooms + den, large kitchen gourmet kitchen (granite countertops, glazed cabinets, wine cooler, stainless steel appliances) , volume ceilings, covered lanai with an electric roll down screen with direct western exposure. Dog friendly!