As you drive the streets and avenues of the neighborhoods west of Route 41 in Naples, Florida you cannot help but be astounded by the new home construction. Some of these projects are custom homes being built for private parties and some are homes being built on speculation. A few of these houses sprung up out of vacant lots but most of the new construction is being built where once a modest original home stood. One way or another, if you are planning on building your own “piece of Paradise” you first need to acquire the building site for your Florida dream house.
With the scarcity of vacant lots, many people are turning to tear down opportunities. The cost of the property might be slightly more than land value, but the location should be the #1 priority and for this, there may be a premium. To give you an idea of the market trends and how the law of supply and demand is ruling Naples real estate, here are some very recent closed sales for tear down properties located west of Route 41:
- Non-waterfront tear down in Seagate closed at $600,000
- Corner lot, older home in Coquina Sands closed at $952,000
- Tear Down west of Crayton Road just closed at $853,000
- Original home on standard lot in Moorings located between Crayton Road and Route 41 is pending above $875,000
Before the year is out, someone will pay over the $1M for a tear down in one of the preferred communities west of Route 41.
If you are thinking of building a custom home in the future, call us while there are still some opportunities to secure the right piece of property at the right price. We know these neighborhoods, know the value and benefits of different locations and we can advise you on demolition costs, architects and local new home builders. Call us at 239-272-4848 or 239-776-5077 to take advantage of our local knowledge and our expertise as full time professional Realtors.
Check out these currently available properties by clicking on the links below:
CALL US TODAY @ 239-272-4848 or 239-776-5077 FOR A PRIVATE SHOWING OF ANY OF THESE PROPERTIES FOR SALE
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Naples, FL Communities We Serve:
Aqualane Shores (Boating) – Olde Naples (Beach Cottages & Luxury Estates) – Coquina Sands (Beach & Bay) – The Moorings (Beach & Bay) – Park Shore (Beach & Bay) – Seagate – Pelican Bay (Beach & Golf) – Pelican Marsh – Vanderbilt Beach (Beach Front) – Connors (Boating) – Naples Park (Walk to Beach) – Monterey – Autumn Woods – The Dunes (Resort Style) – Pelican Isle Yacht Club Condominiums (Boating) – Tarpon Cove – Audubon Country Club (Golf) – Banyan Woods – Vineyards –
Bonita Springs, FL Communities We Serve: