CCP May - June 2011

May | June | 2011 | 1

FEATURED PROPERTIES

6949. Outstanding architectural features throughout this Mediterranean inspired custom estate home with a sought after southern exposure, views of two lakes and golf course. Boasting 5480 sf, 10,252 total sf, 4 bed+den, 5 full and 2 half bath, offering exquisite 1st floor master suite. Rich accented custom wood work in Maple and Lyptus throughout, faux paint, artists murals, travertine, marble and hardwood flooring, 14” crown molding, coffered and wood ceilings, 3 gas fireplace, 5 zoned A/C units, 2 central Vac systems, the list continues on. Stunning gourmet kitchen offers luxurious panel built-in appliances, double Sub-Zero refrigerator, 2 Asko dishwashers, Dacor 6-burner gas top, granite counter-tops, and a butler’s pantry/wine room with old world style brick floor, arched ceiling. Abundance of French doors throughout lead to a courtyard patio with fountain, 2nd floor terrace and lanai with large square pavers, fireplace, built-in TV, summer kitchen, gorgeous 50’ zero edge pool/spa surrounded by statues and breathtaking views. Offered at $2,175,000. Call Michael 239 498-7600.

November | December | 2009 | 1

D. Michael Burke, p.a.Estero /Bonita Springs/Naples Luxury Real Estate Expert

ESTERO | BONITA SPRINGS | NAPLES

.com

MAY | JUNE 2011

To have Your Home Featured In the Next Issue Call D. Michael Burke, P.A. 239.498.7600

Web site owned and maintained by Michael Burke of Keller Williams Elite Realty, Bonita Springs, FL 34134

PRSRT STD.U.S. POSTAGE

PAIDFT MYERS, FL

PERMIT NO 815

www.CoconutPointRealEstate.com

Keller WIllIAMs elITe reAlTY24851 South Tamiami Trail, Suite 1Bonita Springs, FL 34134

To:

National New Home Sales Market Weak – SWFL Local Market Looks Stronger

Shadow Wood At The Brooks, Bonita Springs

While the word on the street is that home sales are increasing here in Southwest Florida, it may not necessarily mean that the market is coming back strong – not as of yet anyway. Nationally, speaking, new home sales are increasing, but the overall market is still weak. The point is will Southwest Florida follow suit or can we expect a different outcome based on our market’s unique attributes? First, let’s look at things on a national level. Sales of new U.S. homes rose in March and the number of new properties on the market was its lowest since the 1960s, but further gains will be hampered by the broader property glut.Single-family home sales rose 11.1 percent to a seasonally adjusted annual rate of 300,000, the Commerce Department said on Monday, up from a near record low pace of 270,000 in February

when harsh winter weather hit the economy. Analysts had expected a 280,000-unit rate in March. The market for new homes is being squeezed by competition from previously owned homes and a deluge of foreclosed properties, even though inventories of new properties in March fell to 183,000 units -- the lowest since August 1967. Builders, hurt by the weak market, are holding back on new home construction. While housing now accounts for a fraction of gross domestic product, indications that it continues to struggle may weigh on consumer confidence and have a negative impact on spending. Standard & Poor’s Ratings Services described conditions for U.S. homebuilders as still tough and said it did not expect a significant improvement until next year. A report last week showed there were 3.55 million

previously owned homes on the market in March, well above the natural rate of between 2 million and 2.5 million. Including foreclosed homes and those on the verge of being repossessed by banks, economists say supply is anywhere in the range of 8 million to 9 million. Existing home sales rose to an annual rate of 5.10 million last month. The new home market accounts for less than 10 percent of the overall housing market. Underscoring the risks for

new homes, distressed properties accounted for 40 percent of existing home sales last month. Such sales typically occur at 20 to 30 percent below value. The overall housing market has been hamstrung by a scarcity of jobs and will likely continue to cast a shadow over the broader economy. Bad weather depressed new home sales in the first two months of the year and held back building activity. Much of the anticipated slowdown is blamed on the bad weather that blanketed large parts of the country in January and February and a spike in gasoline prices. Manufacturing has led the recovery but with the labor market showing some signs of strength, there is cautious optimism that resales could see some modest gains. A recovery for the new home sales market remains far off. The median sales price for a new

home fell 4.9 percent in March from a year earlier to $213,800. The spread between the prices of new and previously owned houses is now about $54,200, off a record high of $80,500 reached in January. At March’s sales pace, the supply of new homes on the market fell to 7.3 months’ worth from 8.2 months in February. What about Southwest Florida? As season draws to a close in Southwest Florida the real estate market continues in an upward and promising direction. However, based on national findings, do we still have a long way to go to reach market recovery? No doubt our market was affected just as much but all others, but with great weather and our winter visitors, we may not be heading for as slow recovery as other markets on a national level. Why? The bottom

Continued on page 7

5239. This beautiful 3 bed+den, 3/full/3 half bath, 3-car garage 4469 sf, 6026 total sf estate home located on a prime cul-de-sac lot with captivating private tropical lake views offers a beautiful Old World look throughout. Travertine flooring, vast miter windows, crown molding, coffered ceilings, faux paint, designer window treatments/fixtures, 3 HVAC units, hurricane standard windows, the list continues on. Gorgeous gourmet kitchen, tip of the line built-in paneled appliances, wall ovens, sub-zero, 5-burner gas top, backsplash tile, custom cherry cabinetry with crown molding. Tranquil morning room, miter windows offering lush tropical views beyond the built-in pool with custom rock built-up flower beds and waterfall. Family room, corner sliders lead to the fabulous outdoor paver leisure area. Formal living room, fireplace designed in limestone/walnut mantle, wet bar and miter windows. Exquisite master suite, sitting area, French door entry to lanai and lavish bath in marble with tropical atrium. Offered at $1,750,000. Call Michael 239 498-7600.


2 | May | June | 2011

Sixteen years ago I’ll never forget the feeling that came over me when my wife burst through the doors of my office panicked and crying. She had been grocery shopping less than a mile away when it happened. My little boy as a toddler had stood up in the grocery cart, lost his balance, and fell head first on the floor. I dropped everything and jumped in the car to rush him to the emergency room. As I turned and looked in the back seat, he had stopped crying but looked as if he was losing consciousness. Hitting the gas I knew it was critical for me to get to the hospital as soon as possible. We arrived safely and the hospital staff rushed

EstEro | Bonita springs | naplEs

.com

PublisherJoyce Bunting

[email protected]

executive editorD. Michael Burke, P.A.

[email protected]

Assistant editorShelly Burke

[email protected]

Market report editorJustin Jordan

[email protected]

street AddressCoconutPointPress.com

24851 South Tamiami Trail, Suite 1Bonita Springs, FL 34134

Call 239-498-7600Or visit us on the web at

www.CoconutPointPress.com

Healthy Living

Hit the Gas!

By Pastor Ed Ivie, Lead Pastor, Living Waters Community Church

Living Waters Loves ...

Living Waters Community Church, 27911 Vermont Street, Bonita Springs, FL 34135

www.livingwaterscc.comin our little guy immediately. It was a desperate time that called for desperate actions. Several hours later and after much prayer, the doctor reported that he was going to be fine with no major effects. Obviously for brevity sake I have left out a lot of details. This memory and story has had a long-term impact on me because it taught me 2 critical life lessons. First, desperate times call for desperate measures. There are difficult moments that we all go through in life and how we respond in those moments often determine our future and how we move forward in life. Secondly, God is faithful and always in control.

1427 Pine Ridge Road, #105, Naples 239-325-9653 www.rosedalepizza.com

An Italian meal is a special time to relax and enjoy. A timeto reward yourself with the great tastes it provides and thearomas in its preparation. It should be a time when your

mind is at ease and your worries put aside.

At Rosedale Brick Oven Pizzeria, this is what you can expect. Our mission is to ensure you have a wonderful

experience each and every time you dine with us. We will treat you as family and welcome you home.

An Italian Meal is a Special Time to Relax and Enjoy!

Monday–Thursday, 11:30 a.m. to 9:00 p.m.Friday–Saturday, 11:30 a.m. to 10:00 p.m.

Sunday, 12:00 p.m. to 9:00 p.m.

Often in life it seems as if things are spiraling out of control. As a follower of Christ I have a hope and confidence in knowing that all things work together for the good. I have peace in my life knowing that my life is in the hands of a faithful, loving and gracious God who never takes a break, never sleeps and who is always watching over all the details of my life both small and great.

Storm Smart Industries And GoEnergySmart Form Smart Companies You may already know Storm Smart Industries’ products including Storm Catcher hurricane wind-abatement screens, and GoEnergySmart Inc., providing solutions that help consumers to decrease energy usage. This month, these separate companies with a common owner have combined under one brand to form Smart Companies. Since its start in the mid 1990s as Storm Smart Building Systems, company president Brian Rist and his team have served tens of thousands of clients, with innovative products manufactured right here in Southwest Florida, and installed and serviced by licensed professionals. “A lot of homeowners and business owners are doing all they can to save energy, save money, and to protect their property against severe weather,” Rist said. “That’s what we have been providing for many years, so all that’s changed is that now we’re under one unified company.”

Smart Companies specializes in custom storm protection, energy saving devices, solar systems and home technologies.Storm Protection Smart Companies provides custom designed, manufactured and installed state-of-the-art hurricane protection products for homes or businesses. The company’s technologically advanced certified protection is available for any type of structure at a variety of price levels. Products include impact-resistant windows and doors, roll-down shutters, accordion shutters, aluminum rolling shutters, colonial shutters, clear storm panels, solar screens and Storm Catcher Hurricane Screens.®Energy Efficiency Reduce energy consumption with energy efficient doors and windows, or by replacing deteriorating insulation or leaky air-duct systems. Smart Companies starts with an energy analysis of the home or business, and then works up any solutions that may be beneficial

to improve the building’s energy profile. Solar Solutions Smart Companies designs systems that harness the power of the sun to help save energy and cut down on high electric bills. Available solutions include solar systems that heat swimming pools and other water for the home and office, as well as comprehensive photovoltaic systems for entire buildings. Lifestyle Technologies The company also designs and installs home-automation systems that make life more convenient and comfortable. Whether new construction or upgrading, the possibilities are endless. Control lighting, fans, air conditioning, window coverings, entertainment centers and more, whether you’re on the premises or away. “Just give us a call at (239) 938-1000 or visit our website at GetSmartCompanies.com,” Rist said. “Ask for a complimentary consultation, and together we’ll discover what’s smart for you.”

May | June | 2011 | 3

cook | koŏk |Rustic Florida Blueberry Cobbler

McClain Home Inspection, & Home Watch service

LLC

239-948-1147

Web Site: www.grmcclain.com E-mail: [email protected] Home Inspector

Home Inspections from $199.00 • Home Watch Service from $20.00/mo.

verb1 [trans.] prepare (food, a dish, or a meal) by combining and heating the ingredients in various ways. Shall I cook dinner tonight?

Bubbly Baked Eggplant Parmesan

Ingredients 2 large Florida eggplant3/4 cup olive oil or enough nonstick

olive oil spray to coat eggplant2 cups homemade or store-bought

tomato sauce1 tablespoon chopped fresh Florida

basil, or 1 teaspoon dried1 tablespoon chopped fresh garlic,

or 1 teaspoon garlic powder1/4 cup grated Parmesan cheese8 ounces low-fat mozzarella cheese,

shredded

Method Peel eggplant (if desired) and cut crossways into 1/4-inch slices. Lightly fry on both sides in skillet using a nonstick pan and olive oil or nonstick spray until browned. Drain well on paper towels. Place a layer of eggplant slices in a shallow baking dish; cover with some tomato sauce, a sprinkling of basil and garlic, a little Parmesan cheese and a little of the mozzarella cheese. Repeat layers until all ingredients are used, ending with mozzarella cheese. Bake, uncovered, at 400° for 15 to 20 minutes until bubbly.

Ingredients 1 1/2 pounds Florida potatoes,

peeled or unpeeledKosher salt and freshly ground pepper

to taste1 pint Florida cherry tomatoes, halved1 small Florida sweet onion, thinly

sliced1/3 cup black olives, pitted and

halved (preferably Kalamata olives)

2 tablespoons capers, drained1/3 cup chopped fresh Florida basilPinch of crushed red pepper flakes

for heat1 tablespoon fresh Florida oregano,

or 1 teaspoon dried oregano1/4 cup olive oil8 ounces feta cheese, crumbled

Method Place the potatoes in a pot, cover with cold water by at least an inch, add a good pinch of salt and bring to a boil. Reduce the heat to medium and cook until the potatoes are almost tender. Drain on a rack set in the sink and leave them there until cool enough to handle. Cut potatoes into 1/3-inch cubes. Drop them into a mixing bowl, separating the cubes as you go. Add the tomatoes, onion, olives, capers, basil, feta and red pepper flakes. Toss gently. Crumble the oregano over the top, pour in the oil and toss gently.

Feta, Tomato and Caper Potato Salad

IngredientsFor filling:1 stick butter1 teaspoon lemon juice4 cups fresh Florida blueberries, rinsed

and drained1 cup natural sugarFor topping:1 cup self-rising flour1 cup natural sugar1 teaspoon natural vanilla extract1/2 cup low-fat milk

Method Preheat oven to 375°. Place the butter in an 8-inch square glass baking dish (no substitutes) and melt in the microwave. In a mixing bowl, combine lemon juice and blueberries. Add the sugar and mix well. Add the blueberry mixture to the baking dish with the melted butter. Do not stir.

Make topping: Combine all of the topping ingredients in a small bowl. Pour this mixture over the blueberries and bake 45 minutes, or until brown. Serve with fresh whipped cream or vanilla ice cream.

W H E N T O C A L L Before you donate Moving (downsizing, out of state, into assisted living) Estate Sales Redecorating / Remodeling Need to furnish a home

Contact Us Today!www.consign2go.com(239) 992-4330 o�ce

Your online consignment service

This month’s recipes and photos are courtesy of the Florida Department of Agriculture. For more information visit:

http://www.florida-agriculture.com.

4 | May | June | 2011

2011 Summer Players Club Membership

May 1 – October 15, 2011

Benefits Include

• Unlimited golf for cart fees only

• Use of state-of-the-art practice facility

• 5 day advanced tee time reservations

• Participate in the Thursday Night Golf League

• 15% discount on merchandise purchases

• Special fee of $12.50 for juniors**

• 50% of the initial fee payment can be used to transfer to a membership program at Old Corkscrew Golf Club

• $35.00 discount off the standard price of a one-hour lesson through the Mike Calbot International Golf Studio

Thursday Night Golf LeagueNine hole event each week, only $25.00.

Includes golf, cart, hors d’oeuvres and prizes.Guests of Summer Players Club members

are also welcome to participate for a fee of only $40.00.Join Now and Begin Play Immediately

*plus applicable tax **under the age of 18 who are accompanied by a Summer Players Club Member

Extra Space Storage® of Estero Receives Estero Community Development Award Extra Space Storage (NYSE: EXR) of Estero is proud to accept the David Graham Memorial Award for Excellence in Development for its self storage location in Estero, FL. The David Graham Award for Excellence in Development is named for long-time Estero resident, developer and community promoter David Graham. The Award, which has been presented annually since 2007, was created to recognize completed developments that have raised the bar of excellence for developments within the Estero Planning Community area. Jack Lienesch, chairman of the Estero planning panel noted that “This facility has surpassed any conventional self-storage facility built in the Florida market. Besides providing a beautiful addition to the Coconut Point development, it fits in well with the existing surrounding structures, features top-quality landscaping and still preserves its self-storage component.” “We are honored to receive the David Graham Award for Excellence in Development”, said David Vivancos, District Manager for Extra Space Storage. “This award validates the efforts we made to ensure that our facility shared the look and feel of the Estero community. We are very excited to be a part of the Estero community and offer a safe, convenient, state of the art facility to store goods at reasonable rates and with superior service.” The Estero Extra Space Storage self-storage facility, located at 8420 Murano Del Lago Drive, is committed to customer service, security, convenience and professionalism, providing households and businesses with additional space to grow, transition or simply store their valued possessions for however long they need. The professionally managed Estero facility offers 853 storage units for short- or long-term lease, with units ranging in size from 25 to 300 square feet. The clean and well-lit units are accessible 365 days a year and feature state-of-the-art security, including 24-hour video surveillance. Estero Extra Space Storage office hours are 9:30am to 6:00pm Monday through Friday and 9:00am to 5:30pm on Saturday.About The Estero Community Planning Panel (ECPP) The Estero Community Planning Panel (ECPP) functions primarily as a recommending body to Lee County government, in support of the Estero Plan. It is a not for profit organization composed of six members, representing The Estero Civic Association, The Estero Council of Community Leaders, The Estero Chamber of Commerce, and the local Development Community. In addition to the six Panel Members, there are two Recording Secretaries, a Treasurer and a Technical Advisors from Estero Fire Rescue and San Carlos Park Fire and Rescue. ECPP solicits input from local Citizens, Landowners, the Development Community, The Lee County Department of Community Development, The Land Development Code Advisory Committee, The Executive Regulatory Oversight Committee, The Local Planning Agency, the Land Development Code Advisory Committee, The Florida Department of Community Affairs, and other Boards and Planning Agencies.About Extra Space Storage Inc. Extra Space Storage Inc., headquartered in Salt Lake City, is a fully integrated, self-administered and self-managed real estate investment trust that owns and/or operates 803 self-storage properties in 34 states and Washington, D.C. The company’s properties comprise approximately 525,000 units and more than 57 million square feet of rentable storage space offering customers conveniently located and secure storage solutions, including boat storage, RV storage and business storage. Extra Space Storage is the second-largest owner and/or operator of self-storage properties and is the largest self-storage management company in the United States. For more information, visit www.extraspace.com

Neal Noethlich, Jack Lienesch (Estero Community Planning Panel), David Vivancos (Extra Space ), Gloria Regenold (Extra Space ), Kim Graham, David Graham Jr. , Joe McHarris

Say It S-l-o-w-l-y A man and his wife were driving their RV across Florida and were nearing a town called Kissimmee. They noted the strange spelling and tried to figure how to pronounce it -- KISS-a-me; kis-A-me; kis-a-ME? They grew more perplexed as they drove into the town. Since they were hungry, they pulled into a restaurant to get something to eat. At the counter, the man said to the waitress; "My wife and I can't seem to be able to figure out how to pronounce this place. Will you tell me where we are and say it very slowly so that I can understand?" The woman looked at him and said; "Buuurrrgerrr Kiiiinnnng."

May | June | 2011 | 5

Simply PuzzlingCrossword!

Puzzle Answers on page 15

sudoku!

AcrossAcross1. Swab4. Division of a hospital8. Expense12. Snooze13. Song14. Worship16. Metallic element17. Obligation18. Holdup19. Type of vehicle20. Body of water21. Expert23. Staining substance24. Choose by vote26. Consumed28. Opposite of nay30. Point32. At the summit36. Swarm39. Part of a hat41. Edible tuber42. Past times43. Roll45. Male46. Profit48. Prong on a fork49. Join together by heating50. Against51. Wager

52. Perish54. Garland56. Discontinue60. Irritate63. Append65. Tell67. Man or boy68. Ocean going vessel70. Highly excited72. Sheep pen73. Sound of a bell74. Part of a shoe75. Invidia76. Withstand77. Cowl78. Indicating maiden nameDown1. Significance of a storyor event2. Earth’s protective layer3. Writing implement4. Walk through water5. Region6. Bone7. Information8. Military trainee9. Lyric poem10. Exchanged for money11. Receptacle12. Plunge15. Organ of sight

20. Pig pen22. Feline25. Rotating mechanism27. Consume29. Outward tidal flow30. Number31. Portent33. Domesticated34. Spoken exam35. Small lake36. Worn in ancient Rome37. Flair38. Redact40. Pace44. Was ahead

47. Nothing49. Small (Scottish)51. Offer53. Frozen55. Ahead of time57. Isolated58. Balm59. Miniature whirlpool60. Kind61. Peel62. Leg joint64. Run quickly65. Unaccompanied66. Matured69. Fairy71. Ooze72. Marsh

Where the Old World Meets the New World

Brewista Coffee House offers our customers only the finest Coffee ¾available using top quality beans from around the world.Our Teas are imported from England offering a richer and fuller ¾tasting tea. Try our Chai Teas, all natural Fruit Smoothies with no preservatives ¾or additives, Gourmet Cocoa, Incredible Pastries & Desserts and Gourmet Chocolates.We offer FREE WI-FI Service to our customers and for customers ¾joining us outside with their pets we offer free Pet Water bowls and doggy treats.We can cater your meetings for up to 30 guests in our establishment. ¾Please see Shellanne for details.We offer live entertainment on select weekend nights, please look ¾for postings of dates.Come join us. Relax and enjoy our Old World Style Atmosphere. ¾

Coffee Service•Gourmet Coffee•Pastry Platters•English Teas•Customer Appreciation Card•Gourmet Chocolates•Free WI-FI Service•Chai Teas•Free Pet Water Bowls•Cocoa•Live Entertainment•Smoothies•

239-495-550010020 Coconut Road, Suite 130, Bonita Springs, FL 34135

Corner of Coconut Rd. & Three Oaks Parkway next to Sweetbay

10% OFF

Your order of $10 or more. Not valid on Merchandise purchases. Cannot be combined with any other offer. One coupon per family. Must be original coupon.

Come In And Check Out Our New Menus!NOW SERVING:

• Breakfast • Lunch • Dinner • • Dessert Paninis • Beer & Wine!

(239)643-6527www.PBSContractors.com

CGC1517105

GENERAL CONTRACTORS

PBS CONSTRUCTION IN

C.

Renovation and Remodeling Specialists

6 | May | June | 2011

C LIBERAppraisals, Inc.

Alan R. McCrankSt.Cert.Res.REA RD6367

Covering Lee & Collier Counties

239-571-1706 [email protected]

¥ M a r k e t Va l u e ¥ E s t a t e P l a n n i n g ¥ B a n k r u p t c y / E s t a t e¥ D i v o r c e S e t t l e m e n t ¥ P M I R e m o v a l ¥ F H A / U S D A

Professional Appraisal Services

www.leecountyappraisers.comwww.bonitaspringsappraisers.net

Wine Storage Solutions

Around The House As a wine connoisseur, you have invested in your passion. Protect your assets by investing in the right storage solution. If you live in Florida where wine cellars are not an option, wine rooms can be the perfect solution. Wine rooms are literally walk-in wine coolers which are independent entities inside the home. It is a custom built, climate controlled room solely designed to keep your vintage in peak condition. The absolute requirement for a wine room is the temperature and humidity. Ideal wine room temperature is constant at between 55 – 58 degrees –with humidity at 73%. Temperature fluctuation within a day, no matter how gradual, will age your wines too rapidly. Low temperature will slow down the ageing process. So what is the ultimate wine room?

Insulation Insulation is important. Beneath the aged, distinguished look of brick walls, closed-cell foam insulation and moisture resistant dry wall will keep your wine room at the perfect temperature while shrugging off the effects of high humidity. Racks The most common wood used for the wine racks are unsealed natural mahogany and sweet smelling redwood. Both can handle the cool environment without effect.Door To keep the right temperature without wasting energy, the door to your wine room must also be properly sealed. In the wine room pictured below, PBS Construction used an exterior door with weather stripping and insulated glass. It was completed with decorative ironwork to give character and match the style of the rest of the home. Flooring There are a variety of options from ceramic tile, slate, marble, granite, brick or vinyl. PBS Construction can help

you pick the right flooring to compliment the overall style and functionality of your wine room. Size The size of your wine room is a personal choice. However, the current trend locally is to convert existing pantries into dedicated wine rooms. Calculating the number of wine bottles you are planning to store will help you come up with the perfect wine room size. Or we can calculate the amount of bottle storage and type based on the size of the space available. Pictured below is a recent wine room that PBS Construction completed. These wine connoisseurs can now store 1,200 bottles of wine in a room that was previously wasted space. With projects in exclusive communities such as Grey Oaks, Port Royal, Pelican Bay, Olde Naples,Pelican Marsh and Estate homes, PBS Construction specializes in building dream homes. When you are ready to invest in your wine storage solutions, contact John Buehler for your FREE project estimate at (239)850-6100 or email [email protected].

Choosing a “Home Repair Specialist” – Who Do You Let Inside Your Front Door?By Joni Hall, President, Luxury Home Solutions The recent tragic death of a Lee County woman apparently strangled by her painter and news of a “handy” man who is accused of stealing jewelry, electronics and a truck from a North Naples man bring to light the dangers of hiring just anyone to come into your home to do odd jobs. According to reports, these men were invited into these homes and hired by the homeowners to do work around the house. The Lee County Sheriff’s Office says that this time of year many people like to do work around the home. They

warn individuals about letting just anyone in your home—suggesting that you check with the county’s licensing departments before hiring anyone (www.myfloridalicense.com). It is also a good idea to follow these simple steps: Don’t hire anyone that claims they are “in your neighborhood today” or “my guys are working next door” or he/she just happens to knock on your door and offer their services to you. Hire a legitimate

company; most companies today in order to have workers comp and liability insurance have to do criminal background checks and random drug tests of all employees. Do research, join Angie’s List, check the company website, research the Internet, and check for referrals. Make sure the license fits the scope of work you need done. Contractors, plumbers, and electricians have very specific job descriptions; a very nice electrician should not be painting your kitchen or fixing your clogged sink. Unless the person carries workers compensation insurance and liability coverage, your homeowners may be responsible for his injuries, if they occur. Ask to see the Insurance Certificates, and make yourself a “Certificate Holder” for the length of the job, if necessary. If he cannot do this, he may not be the contractor for you. Ask for references—and actually call them until you have a level of comfort that satisfies you. These steps may seem extreme but we have taken such precautions with other areas of our lives; we hire the only the best doctors, the sharpest financial planners, the smartest estate lawyers, why not protect our homes with the same due diligence? And one last thought—don’t go it alone. If you have your appointment set, and confirmed, invite a friend over to share a cup of coffee. For more information, call Luxury Home Solutions at 239.728.2143 or visit us at www.MyLHS.com.

P = Pending / CS = Closed / = Short Sale / = Foreclosure 4 | Special Market Report | May | June | 2011 Special Market Report | May | June | 2011 | 1

Visit www.CoconutPointRealEstate.com for Additional Information or Call D. Michael Burke, p.a. 239.498.7600 for More Information

[email protected] | 239-777-0473

Coconu tPo in tRea l E s t a t e . com

ESTERO | BONITA SPRINGS | NAPLESMARKET REPORT P = Pending

CS = Closed

= Short Sale = Foreclosure

Visit www.CoconutPointRealEstate.com for Additional Information

4380. 2nd floor, 3 bed, 2 bath, 2316sf carriage home with beautiful never ending water views. One of the newer models built offering a 2-car garage. Bright and airy throughout, tile, plantation shutters, 10’ ceilings, built-in dry bar, GE Profile appliances. Living room, breakfast nook and master bedroom all with sliders to the lanai offering breathtaking views through the tile lanai’s vast archway. Enjoy the nature and abundance of amenities Lighthouse Bay has to offer. Offered at $275,000

Call Michael 239-498-7600.

Lighthouse Bay, Bonita Springs3075. Immaculate 3bed, 2 bath, 1548sf, 1908 total sf, 1st floor Coach home w/long lake water views. Tile, berber carpet, window blinds. Large kitchen, accent wall paper, walk-in pantry and breakfast room Living room and fabulous tile lanai offer scenic views of lake with fountains. 2-guest bedrooms with one that can easily be used as a den w/built-in desk. Master bedroom, two closets, private entry to lanai. Ideally located just around the corner from the neighborhoods private pool. Fabulous community offering abundance of amenities and use of the members only Rosy Spoonbills restaurant in the Brooks. Offered at $219,000.Call Michael 239-498-7600.

Lighthouse Bay, Bonita Springs

May, 2011 - Market TrendsSeason is coming to an end and mass exiting of snow birds has begun. There will be opportunity to sell during the summer months. While there will not be as many showings or open houses, buyers who are walking house to house in 90 degree heat don’t do so for entertainment they are most likely serious buyers. Many home sellers will take their homes off the market during the summer months because they believe they do not have a chance to sell or their homes will sell for less in the summer. This is completely false! With increases inventory levels and price reductions in the winter months; we have almost the same number of homes selling with fewer homes on the market in the summer. Why would you not want your home on the market this summer? MORE EXPOSURE!! There is a big misconception that homes do not sell during the summer’s months; many agents will pull back on their advertising to save marketing dollars for season. The Coconut Point Team understands the local real estate market and markets our homes consistently year round! We have the facts and data!!!

0

Bonita Springs Market Trends

Do price adjustments have an impact on homes selling? The purple line represents Price Changes and the red represents Pending "or homes under contract" the two lines follow almost step by step each month. If your home hasn't sold it will likely needs a price adjustment. PRICE REMAINS TO BE THE KEY TO GETTING YOUR HOME SOLD!

0

Estero Market Trends

There is a definite similarity between price adjustments and Price Changes in Estero. There was a large spike in Pending properties in January due to the large influx of seasonal residents coming back to town. If your home has not sold it likely needs a price improvements. Numbers do not lie!

0

Stat Address Bed Bath Half Furn Pool Spa Exp View SqFt Built List PriceListSqFt Sold Date Sold Price Sold SqFt DOM %List

CS 17967 Modena Rd 2+Den 2 0 Unfurnished Yes Yes N Golf Course, Lake 1720 2002 240,000$ 140$ 3/7/2011 240,000$ 140$ 277 100%CS 17819 Modena Rd 2+Den 2 0 Unfurnished Yes No NW Golf Course, Lake 1720 2003 249,900$ 145$ 3/14/2011 230,000$ 134$ 73 92%CS 17835 Modena Rd S 3 Bed 3 0 Unfurnished No No W Canal, Preserve, Lagoon 2097 2003 299,900$ 143$ 4/18/2011 280,000$ 134$ 87 93%CS 10001 Isola Way 3 Bed 2 0 Negotiable Yes Yes NW Golf Course, Lake 1742 2002 339,000$ 195$ 4/5/2011 320,000$ 184$ 126 94%CS 17976 Modena Rd 2+Den 2 0 Turnkey Yes Yes S Golf Course, Lake 1720 2002 339,900$ 198$ 4/11/2011 320,000$ 186$ 347 94%P 10011 Isola Way 3+Den 2 1 Unfurnished Yes Yes N Lake 2389 2002 399,900$ 167$ 232P 17951 Modena Rd 3+Den 3 0 Unfurnished Yes Yes N Golf Course, Lake 2100 2003 429,000$ 204$ 55P 10025 St Moritz Dr 3 Bed 2 0 Unfurnished Yes Yes NW Golf Course, Pond 2260 2003 459,900$ 203$ 38CS 9940 St Moritz Dr 3+Den 2 1 Unfurnished Yes Yes E Lake, Water, Pond 2713 2003 519,900$ 192$ 4/4/2011 500,000$ 184$ 95 96%P 10410 Via Balestri Dr 4 Bed 4 0 Unfurnished Yes Yes W Golf Course, Lake 3358 2004 849,000$ 253$ 135CS 18590 Verona Lago Dr 4+Den 4 0 Negotiable Yes Yes S Landscaped Area 3189 2005 965,000$ 303$ 4/29/2011 910,000$ 285$ 617 94%CS 18122 Via Caprini Dr 3+Den 2 1 Turnkey Yes Yes SW Landscaped Area 3043 2004 1,099,000$ 361$ 3/4/2011 965,000$ 317$ 241 88%P 10610 Via Milano Dr 3+Den 3 1 Unfurnished Yes Yes S Canal 3092 2011 1,156,064$ 374$ 215CS 11720 Via Sorrento Pl 4 Bed 4 3 Unfurnished Yes Yes NW Lake 6139 2009 2,995,000$ 488$ 3/9/2011 2,600,000$ 424$ 1 87%

CS 19671 Marino Lake Cir, #1604 3 Bed 3 0 Unfurnished - - NE Landscaped Area 2686 2007 189,900$ 71$ 3/30/2011 186,000$ 69$ 171 98%P 10085 Valiant Ct, #101 2+Den 2 0 Unfurnished - - N Lake 1654 2002 249,000$ 151$ 122CS 10733 Mirasol Dr, #311 2 Bed 2 0 Negotiable - - SW Lake, Pool/Club, Water 1426 2006 249,999$ 175$ 3/31/2011 249,999$ 175$ 91 100%CS 10085 Valiant Ct, #102 2+Den 2 0 Furnished - - E Lake 1654 2003 265,000$ 160$ 3/31/2011 245,000$ 148$ 346 92%CS 10520 Marino Pointe Dr, #503 3+Den 3 0 Unfurnished - - N Golf Course 2686 2006 269,900$ 100$ 3/7/2011 265,000$ 99$ 47 98%CS 10733 Mirasol Dr, #210 3+Den 3 1 Unfurnished - - SW Lake 2329 2006 359,900$ 155$ 4/4/2011 325,000$ 140$ 84 90%P 10791 Vivaldi Ct Ct, #1601 2+Den 2 0 Unfurnished - - S Lake 2193 2004 360,000$ 164$ 146CS 10241 Bellavista Cir, #103 3 Bed 3 0 Furnished - - N Golf Course 2686 2003 425,000$ 158$ 3/14/2011 350,000$ 130$ 191 82%P 10723 Mirasol Dr Sw, #308 3+Den 3 1 Furnished - - SW Lake 2231 2007 439,000$ 197$ 24P 17780 Via Bella Acqua Ct, #103 3+Den 3 1 Unfurnished - - W Lake 3054 2007 489,900$ 160$ 145CS 10730 Vivaldi Ct, #501 2+Den 2 0 Unfurnished - - E Lagoon 2193 2004 499,000$ 228$ 3/14/2011 330,000$ 150$ 184 66%CS 10681 Via Milano Dr, #2002 3+Den 3 1 Furnished - - E Lake 2832 2007 530,000$ 187$ 4/1/2011 500,000$ 177$ 184 94%P 10641 Via Milano Dr, #1703 3+Den 3 1 Unfurnished - - E Canal, Lake 3054 2007 539,000$ 176$ 50CS 10731 Mirasol Dr, #603 3+Den 3 1 Furnished - - SW Lake 2329 2006 549,000$ 236$ 4/25/2011 500,000$ 215$ 364 91%P 10721 Mirasol Dr, #504 3+Den 3 1 Negotiable - - S Lake 2429 2007 574,500$ 237$ 119P 10601 Via Milano Dr, #1402 3+Den 3 1 Unfurnished - - NE Lake 2832 2007 575,000$ 203$ 94CS 10830 Vivaldi Ct, #102 3+Den 3 1 Unfurnished - - N Lake 2832 2005 589,000$ 208$ 4/29/2011 545,000$ 192$ 119 93%CS 10733 Mirasol Dr, #610 3+Den 3 1 Furnished - - S Lake 2226 2006 595,000$ 267$ 4/27/2011 568,000$ 255$ 85 95%CS 10791 Vivaldi Ct, #1602 3+Den 3 1 Furnished - - NW Lake 2832 2005 649,000$ 229$ 3/31/2011 649,000$ 229$ 1 100%CS 10722 Mirasol Dr, #503 3+Den 3 0 Unfurnished - - N Lagoon 3634 2007 679,000$ 187$ 3/7/2011 650,000$ 179$ 52 96%CS 10591 Via Milano Dr, #1303 3+Den 2 1 Unfurnished - - E Lake, Water 3054 2007 690,000$ 226$ 4/26/2011 580,000$ 190$ 317 84%CS 10661 Via Milano Dr Se, #1803 3+Den 3 1 Unfurnished - - NE Lake, Water 3054 2007 690,000$ 226$ 3/23/2011 580,000$ 190$ 285 84%CS 10571 Via Milano Dr, #1203 3+Den 3 1 Turnkey - - NE Lake 3054 2007 749,000$ 245$ 4/15/2011 700,000$ 229$ 1 93%CS 10698 Mirasol Dr, #904 3 Bed 3 0 Negotiable - - N Lagoon 3634 2007 749,900$ 206$ 3/23/2011 710,000$ 195$ 131 95%P 10756 Mirasol Dr, #104 3 Bed 3 0 Unfurnished - - N Canal, Lagoon 3634 2011 750,000$ 206$ 7CS 17701 Via Bella Acqua Ct, #702 3+Den 3 1 Furnished - - E Lake 2832 2007 759,000$ 268$ 4/1/2011 640,000$ 226$ 108 84%P 10728 Mirasol, #402 2+Den 3 0 Furnished - - NE Lake 2743 2010 795,000$ 290$ 120CS 10731 Vivaldi Ct, #1003 3+Den 3 1 Negotiable - Yes SW Lake 2832 2005 799,000$ 282$ 4/18/2011 725,000$ 256$ 212 91%

To view Active listings visit www.MyMiromarLakes.com

Condos in Miromar Lakes (Closed & Pending From March 1st to April 30th, 2011)

Miromar Lakes Market Trends

Single Family Homes in Miromar Lakes (Closed & Pending From March 1st to April 30th, 2011)

At one point in 2010 50% of closed sales in Miromar Lakes were either Short Sales or Foreclosure. Now in May of 2011 Inventory is at a 2 year low of 73 units and there are only 2 shorts and 2 foreclosures actively for on the market. With inventory low and lows in the distressed properties it’s not surprising that March and April 2011 has matched 2 year highs in closed sales.

0


CS 4670 Via Roma Ne 3 Bed 3 1 Unfurnished Yes Yes NE Lake, Pond 2348 2001 789,000$ 336$ 4/28/2011 775,000$ 330$ 69 98%P 24181 Addison Place Ct 3 Bed 3 1 Negotiable Yes Yes W Golf Course, Landscaped Area 3124 1999 849,900$ 272$ 232CS 23601 Via Las Palmas 3+Den 3 1 Negotiable Yes Yes NE Golf Course, Lak 2700 2002 899,000$ 333$ 4/29/2011 815,000$ 302$ 151 91%P 24000 Tuscany Ct 4+Den 4 1 Unfurnished Yes Yes E Golf Course 4000 2011 1,395,000$ 349$ 193P 24071 Tuscany Ct 4+Den 4 1 Unfurnished Yes Yes NW Lake 4000 2011 1,595,000$ 399$ 192P 23870 Tuscany Way 3+Den 4 1 Negotiable Yes Yes NW Lake 4959 2005 1,999,000$ 403$ 178P 23883 Tuscany Ct 4+Den 4 2 Negotiable Yes Yes E Lake 4772 2006 2,200,000$ 461$ 200

P 23731 Merano Ct, #101 3 Bed 2 1 Turnkey - - E Preserve 2060 2002 278,000$ 135$ 441CS 23780 Merano Ct, #102 3 Bed 3 0 Unfurnished - - W Golf Course, Lake 2060 2002 299,000$ 145$ 3/18/2011 250,000$ 121$ 84%P 23741 Merano Ct, #202 3+Den 3 0 Turnkey - - E Golf Course, Preserve 2748 2004 400,000$ 146$ 478CS 23810 Merano Ct N, #202 3+Den 3 0 Negotiable - - W Golf Course, Lake 2748 2001 469,000$ 171$ 4/28/2011 474,000$ 172$ 34 101%

CS 23650 Via Veneto Blvd, #1103 2 Bed 2 1 Negotiable - - W Golf Course, Gulf and Bay 1930 2001 395,000$ 205$ 4/15/2011 365,000$ 189$ 52 92%CS 23650 Via Veneto Blvd, #503 2 Bed 2 1 Furnished - - W Bay, Partial Gulf 1930 2001 395,000$ 205$ 3/14/2011 360,000$ 187$ 50 91%CS 23650 Via Veneto Blvd, #1503 2 Bed 2 1 Unfurnished - - W Golf Course, Preserve, Gulf and Bay 1930 2001 399,900$ 207$ 3/9/2011 325,000$ 168$ 405 81%P 24031 Via Castella Dr, #1203 3 Bed 2 1 Negotiable - - SW Preserve, Partial Bay 2372 2006 425,000$ 179$ 254CS 23540 Via Veneto Blvd, #1903 2+Den 2 0 Turnkey - - W Gulf and Bay 1690 2006 479,000$ 283$ 3/3/2011 415,000$ 246$ 130 87%CS 23540 Via Veneto Blvd, #1605 3 Bed 3 1 Unfurnished - - W Bay, Golf Course, Gulf 2091 2006 575,000$ 275$ 4/15/2011 510,000$ 244$ 215 89%CS 24011 Via Castella Dr, #2501 3 Bed 3 1 Unfurnished - - W Water 2665 2006 629,900$ 236$ 4/11/2011 602,000$ 226$ 118 96%P 23540 Via Veneto Blvd, #1105 3 Bed 3 1 Unfurnished - - W Gulf and Bay 2091 2006 648,900$ 310$ 10CS 23850 Via Italia Cir, #603 3 Bed 3 0 Furnished - - E Golf Course, Lake, Gulf and Bay 2086 2007 649,000$ 311$ 4/14/2011 598,500$ 287$ 130 92%CS 23650 Via Veneto Blvd, #1001 3+Den 3 0 Unfurnished - - W Golf Course, Gulf and Bay 2342 2001 649,000$ 277$ 3/18/2011 540,000$ 231$ 178 83%P 23650 Via Veneto Blvd, #2103 3 Bed 3 0 Negotiable - - W Golf Course, Preserve, Gulf and Bay 2818 2001 749,000$ 266$ 171CS 5051 Pelican Colony Blvd, #502 3 Bed 3 1 Unfurnished - - SW Bay, Gulf 3306 2003 769,900$ 233$ 4/29/2011 728,000$ 220$ 196 95%CS 4875 Pelican Colony Blvd, #1101 3 Bed 3 1 Unfurnished - - W Golf Course, Lake, Gulf and Bay 3240 2002 799,000$ 247$ 3/31/2011 730,000$ 225$ 367 91%CS 23750 Via Trevi Way, #1104 3+Den 3 1 Unfurnished - - W Bay, Golf Course, Partial Gulf 3099 2004 995,000$ 321$ 4/15/2011 825,000$ 266$ 108 83%CS 5051 Pelican Colony Blvd, #1802 3+Den 3 1 Furnished - - SW Preserve, Gulf and Bay 3510 2003 1,145,000$ 326$ 4/1/2011 1,165,000$ 332$ 102%CS 5051 Pelican Colony Blvd, #1501 3+Den 4 1 Partly Furnished - - SW Golf Course, Lake, Gulf and Bay 4068 2003 1,295,000$ 318$ 4/15/2011 1,175,000$ 289$ 604 91%

To view Active listings visit www.InsideTheColony.com

The Colony at Pelican Landing Market Trends

Single Family Homes in The Colony (Closed & Pending From March 1st to April 30th, 2011)

Condos in The Colony (Closed & Pending From March 1st to April 30th, 2011)

Highrises & Midrises in The Colony (Closed & Pending From March 1st to April 30th, 2011)

Highrises are again HOT in the Colony. All 6 of the homes sold in March were highrises and 6 of the 11 in April are Highrises. Why are highrises hot? Sellers are realistic with pricing. Unit 1104 in Treviso was sold originally 3‐15‐05 for $1.3M and sold again 4‐15‐11 for $825k, a $475k difference. These huge price reductions are extremely common in The Colony Towers as Sellers understand; it’s not what you paid but what someone is willing to pay for it now. Also selling well in The Colony is the estate home neighborhood, Tuscany Isle with 4 homes currently under contract; 2 resales and 2 new construction. Look for Open Houses in Tuscany Isle every weekend!!!

0


P 12599 Grandezza Cir 2+Den 2 0 Negotiable Yes Yes N Preserve 1649 2005 $349,000 $212 98P 20125 Seadale Ct 3 Bed 2 0 Unfurnished Yes Yes S Lake, Preserve 2000 2002 $379,000 $190 216CS 20080 Saraceno Dr 3 Bed 2 0 Unfurnished Yes Yes W Golf Course, Lake 2052 2005 $384,000 $187 3/14/2011 $369,000 $180 86 96%P 20045 Saraceno Dr 2+Den 2 0 Turnkey Yes Yes E Lake 2022 2003 $387,000 $191 98CS 20111 Saraceno Dr 3+Den 3 0 Unfurnished Yes No E Golf Course, Preserve 2507 2003 $395,000 $158 4/1/2011 $380,000 $152 140 96%P 20137 Seadale Ct 2+Den 2 0 Unfurnished Yes Yes SE Lake, Preserve 1989 2003 $399,000 $201 117CS 20036 Markward 3+Den 3 0 Unfurnished Yes No W Golf Course 2655 2006 $415,000 $156 4/7/2011 $410,000 $154 434 99%CS 12538 Grandezza Cir 3+Den 2 0 Unfurnished Yes Yes W Lake, Water Feature 2293 2005 $445,000 $194 3/16/2011 $410,000 $179 92 92%CS 19960 Markward 3+Den 3 0 Unfurnished Yes Yes N Golf Course, Lake, Preserve 3062 2007 $639,000 $209 4/14/2011 $610,000 $199 1 95%CS 19778 Markward 3+Den 3 0 Furnished Yes Yes SE Golf Course, Lake 2860 2002 $814,900 $285 4/21/2011 $625,000 $219 143 77%

CS 20131 Seagrove St, #403 2 Bed 2 0 Unfurnished - - NE Golf Course, Lake 1490 2003 $120,000 $81 3/21/2011 $120,000 $81 403 100%CS 20101 Seagrove St, #706 2+Den 2 0 Unfurnished - - E Golf Course 1642 2003 $129,900 $79 3/10/2011 $125,110 $76 42 96%CS 20060 Seagrove St, #1803 2+Den 2 0 Unfurnished - - W Golf Course, Lake 1627 2003 $159,900 $98 4/29/2011 $158,500 $97 18 99%CS 20230 Calice Ct, #402 3 Bed 2 0 Unfurnished - - W Golf Course 1647 2001 $170,000 $103 4/28/2011 $160,000 $97 473 94%CS 20140 Seagrove St, #2601 3 Bed 2 0 Unfurnished - - W Golf Course, Lake 1642 2002 $192,900 $117 3/9/2011 $165,000 $100 147 86%P 20321 Calice Ct, #1802 3 Bed 2 0 Turnkey - - E Golf Course, Lake, Preserve 1647 2003 $218,900 $133 120CS 20220 Calice Ct, #302 2+Den 2 0 Unfurnished - - W Golf Course, Lake 1649 2001 $234,900 $142 4/12/2011 $215,000 $130 200 92%CS 20241 Calice Ct, #2603 3+Den 2 0 Turnkey - - E Golf Course, Lake, Water 2150 2001 $295,000 $137 3/28/2011 $270,000 $126 404 92%P 20231 Burnside Pl, #404 3+Den 2 1 Unfurnished - - SE Golf Course, Lake 2133 2004 $389,000 $182 50CS 20251 Burnside Pl, #602 3 Bed 2 1 Turnkey - - E Golf Course, Lake 2133 2005 $399,000 $187 3/23/2011 $375,000 $176 188 94%

Grandezza Market Trends

Single Family Homes in Grandezza (Closed & Pending From March 1st to April 30th, 2011)

Condos in Grandezza (Closed & Pending From March 1st to April 30th, 2011)

To view Active listings visit www.MyGrandezza.com

For Grandezza we replaced the “Selling Trends” chart with “Price Change vs Pending”. The correlation between Pending Sales and Price Changes from September 2010 to May of 2011 is significant not to publish. It is no secret that pricing is critical to selling your home in Grandezza. This chart proves that Price Improvements have a direct impact on homes going under contract in Grandezza. See for yourself!

0

P = Pending / CS = Closed / = Short Sale / = ForeclosureP = Pending / CS = Closed / = Short Sale / = Foreclosure2 | Special Market Report | May | June | 2011 Special Market Report | May | June | 2011 | 3


CS 23001 Tree Crest Ct 3 Bed 2 0 Negotiable Yes Yes NW Golf Course, Lake, Water 2000 1999 439,000$ 220$ 3/16/2011 412,500$ 206$ 113 94%P 9096 Falling Leaf Dr 3 Bed 2 0 Unfurnished Yes Yes NW Lake, Preserve 2000 2002 449,900$ 225$ 65CS 23087 Tree Crest Ct 3+Den 2 1 Negotiable Yes Yes E Lake, Preserve, Water 2453 1999 495,000$ 202$ 3/11/2011 488,000$ 199$ 396 99%CS 21931 Longleaf Trail Dr 4+Den 3 1 Negotiable Yes Yes N Lake, Water 2453 2005 529,000$ 216$ 4/1/2011 505,000$ 206$ 89 95%CS 10208 Ginger Pointe Ct 3+Den 3 0 Negotiable Yes Yes NE Golf Course 2635 2002 685,000$ 260$ 4/25/2011 650,000$ 247$ 804 95%CS 10310 Plumbago Pointe Dr 3+Den 2 1 Unfurnished Yes Yes SE Golf Course, Lake, Preserve 2562 2004 709,900$ 277$ 3/28/2011 660,000$ 258$ 288 93%P 22501 Glenview Ln 4+Den 3 0 Unfurnished Yes Yes SE Golf Course 3021 2002 829,000$ 274$ 180CS 22036 Sycamore 4+Den 3 0 Unfurnished Yes No S Lake, Preserve 3021 2001 849,000$ 281$ 4/28/2011 800,000$ 265$ 61 94%CS 9141 Hollow Pine Dr 4+Den 3 0 Unfurnished Yes Yes SW Lake 3120 1999 899,000$ 288$ 4/5/2011 884,000$ 283$ 46 98%CS 22020 Chartwell View Ct 3+Den 3 1 Unfurnished Yes Yes W Lake 3042 2005 995,000$ 327$ 3/9/2011 925,000$ 304$ 178 93%CS 10661 Glen Lakes Dr 3+Den 3 1 Negotiable Yes Yes S Golf Course 3232 2006 1,029,000$ 318$ 4/29/2011 975,000$ 302$ 121 95%P 22310 Banyan Hideaway Dr 3+Den 3 2 Unfurnished Yes Yes N Golf Course, Lake, Water 3883 2003 1,100,000$ 283$ 185CS 22270 Banyan Hideaway Dr 3+Den 3 1 Unfurnished Yes Yes N Golf Course, Lake 3442 2001 1,149,000$ 334$ 4/21/2011 1,149,000$ 334$ 77 100%P 22310 Fairview Bend Dr 4+Den 4 1 Negotiable Yes Yes W Lake, Preserve, Water 3327 2005 1,149,000$ 345$ 136CS 10241 Orchid Ridge Ln 4+Den 4 2 Negotiable Yes Yes SW Golf Course, Lake 5053 2003 2,050,000$ 406$ 4/15/2011 1,800,000$ 356$ 490 88%

CS 23021 Rosedale Dr, #101 2+Den 2 0 Furnished - - E Golf Course, Lake 1632 1998 269,900$ 165$ 3/28/2011 250,000$ 153$ 213 93%CS 23001 Rosedale Dr, #102 2+Den 2 0 Unfurnished - - E Golf Course, Lake 1632 2002 279,900$ 172$ 4/28/2011 260,000$ 159$ 326 93%CS 23151 Rosedale Dr, #201 3 Bed 2 0 Negotiable - - E Golf Course, Lake 2040 1998 299,900$ 147$ 4/7/2011 290,000$ 142$ 351 97%P 10332 Autumn Breeze Dr, #102 3 Bed 2 1 Furnished - - N Golf Course, Lake 2060 2004 324,000$ 157$ 191CS 10361 Autumn Breeze Dr, #102 3 Bed 2 1 Unfurnished - - S Golf Course, Lake 2060 2003 348,500$ 169$ 3/22/2011 330,000$ 160$ 36 95%CS 9611 Cypress Hammock Cir, #101 3 Bed 2 1 Furnished - - W Lake 2060 1999 359,900$ 175$ 3/21/2011 345,000$ 167$ 116 96%CS 9616 Cypress Hammock Cir 202 3+Den 3 0 Partly Furnished - - SE Lake, Preserve 2748 2001 430,000$ 156$ 3/1/2011 415,000$ 151$ 278 97%P 9606 Cypress Hammock Cir, #202 3+Den 3 0 Unfurnished - - E Lake, Preserve 2748 2001 439,000$ 160$ 120CS 9606 Cypress Hammock Cir, #201 3+Den 3 0 Furnished - - E Lake, Preserve 2748 2001 445,000$ 162$ 3/22/2011 400,000$ 146$ 198 90%CS 9621 Cypress Hammock Cir, #201 3+Den 3 0 Negotiable - - SW Lake, Water 2748 2001 489,000$ 178$ 3/21/2011 460,000$ 167$ 71 94%CS 9291 Indigo Isle Ct, #201 3+Den 3 0 Unfurnished - - S Golf Course, Lake 2748 2002 529,000$ 193$ 3/7/2011 500,000$ 182$ 283 95%

Condos in Shadow Wood at the Brooks (Closed & Pending From March 1st to April 30th, 2011)

Shadow Wood at the Brooks Market Trends

Single Family Homes in Shadow Wood at the Brooks (Closed & Pending From March 1st to April 30th, 2011)

To view Active listings visit www.MyShadowWoodHome.com

Why should you keep your home on the market in Shadow Wood during the summer? With huge drops in inventory and price improvements in the summer and almost the same number of homes selling as the winter (26 homes sold from January 11’ to April 11’ and 22 from May 10’ to Aug 10’) with less inventory on the market. Why would you not want your home on the market this summer? Because of the misconception that homes do not sell during the summer months many agents will pull back on their advertising during the summer to save marketing dollars for season. The Coconut Point Team understands the local real estate market and markets our homes consistently year round!

Michael Burke of The Coconut Point Team and Keller Williams Elite Realty Domination of the Shadow Wood at the Brooks Market as of April 30, 2011: Keller Williams holds 43% of Active Listings, 38% of homes under contract are KW listings and 53% of homes sold were KW listings.

0


CS 23810 Costa Del Sol Rd, #203 2+Den 2 0 Unfurnished No No W Lake, Water Feature 1276 2003 $129,900 $102 3/7/2011 $125,000 $98 120 96%CS 23721 Old Port Rd, #203 2+Den 2 0 Turnkey No No W Lake 1276 2000 $159,000 $125 4/12/2011 $141,000 $111 519 89%CS 23711 Old Port Rd, #203 3 Bed 2 0 Turnkey No No W Lake 1268 2001 $172,000 $136 4/27/2011 $170,000 $134 134 99%CS 10791 Halfmoon Shoal Rd, #203 2 Bed 2 0 Turnkey No No SW Lake 1392 2001 $174,500 $125 4/14/2011 $167,500 $120 178 96%CS 23871 Costa Del Sol Rd, #201 2+Den 2 0 Furnished No No W Lake 1402 2002 $179,900 $128 4/1/2011 $170,000 $121 60 94%CS 10911 Santa Margherita Rd, #202 2+Den 2 0 Negotiable No No SW Lake, Landscaped Area 1446 2003 $184,500 $128 3/18/2011 $162,000 $112 434 88%CS 10701 Halfmoon Shoal Rd, #101 3 Bed 2 0 Turnkey No No S Lake, Water Feature 1402 2001 $184,900 $132 3/31/2011 $176,500 $126 67 95%CS 10911 Santa Margherita Rd, #103 2+Den 2 0 Negotiable No No W Lake 1354 2003 $185,000 $137 3/30/2011 $206,500 $153 6 112%CS 10851 Crooked River Rd, #103 2+Den 2 0 Unfurnished No No E Lake 1694 2003 $189,900 $112 3/25/2011 $179,000 $106 63 94%CS 10910 Santa Margherita Rd, #104 3 Bed 2 0 Negotiable No No SE Pond 1548 2002 $215,000 $139 3/30/2011 $206,500 $133 71 96%CS 23721 Eddystone Rd, #7104 2+Den 2 0 Unfurnished No No W Lake 1548 2000 $225,000 $145 4/29/2011 $200,000 $129 160 89%CS 23740 Eddystone Rd, #204 2+Den 2 0 Unfurnished No No E Lake, Water Feature 1646 2000 $229,000 $139 3/18/2011 $215,000 $131 122 94%CS 10901 Santa Margherita Rd S, #104 2 Bed 2 0 Negotiable No No S Lake 1548 2003 $235,000 $152 4/21/2011 $205,000 $132 64 87%CS 10821 Crooked River Rd, #77-202 3 Bed 2 0 Unfurnished No No N Lake, Preserve 2316 2003 $248,900 $107 3/21/2011 $227,000 $98 81 91%P 10943 Salerno Bay Rd, #101 3 Bed 2 0 Negotiable Yes No NE Lake 1782 2002 $264,000 $148 185CS 10771 Crooked River Rd, #102 2+Den 2 0 Unfurnished No No W Lake, Preserve 1844 2001 $269,500 $146 4/7/2011 $254,000 $138 52 94%P 10881 Crooked River Rd, #202 3 Bed 2 0 Negotiable No No N Preserve, Water Feature 2316 2003 $287,500 $124 125P 10301 Cape Roman Rd 2+Den 2 0 Negotiable Yes No SW Lake, Water Feature 1844 2000 $315,000 $171 110P 10962 Salerno Bay Rd 3 Bed 2 0 Unfurnished Yes No S Lake, Water Feature 1956 2002 $379,900 $194 386

Lighthouse Bay at the Brooks Market Trends

Lighthouse Bay at the Brooks (Closed & Pending From March 1st to April 30th, 2011)

To view Active listings visit www.MyLighthouseBay.com

Forgot what a good real estate market looks like? Just take a look at Lighthouse Bay. With an inventory at only 16 a total of 25 homes have sold so far in 2011. This is the only community that has more sales than listings in the Greater Coconut Point Area. Realistic pricing, prime location and an excellent product have driven the Lighthouse Bay market. We love selling in Lighthouse Bay!

0


P 23600 Stonyriver Pl 3+Den 3 0 Turnkey No Yes NW Golf Course, Lake 2090 1998 $421,900 $202 405CS 23624 Stonyriver Pl 3+Den 2 1 Unfurnished Yes Yes W Golf Course, Lake 2389 1998 $589,000 $247 4/28/2011 $530,000 $222 100 90%

CS 23581 Sandycreek Ter, #1106 2 Bed 2 0 Turnkey - - E Golf Course, Lake 1209 2000 $139,900 $116 4/15/2011 $136,000 $112 244 97%P 23601 Sandy Creek Ter #905 2 Bed 2 0 Turnkey - - SE Golf Course, Lake 1333 2000 $164,900 $124 70CS 23770 Clear Spring Ct, #1408 2 Bed 2 0 Turnkey - - S Golf Course, Lake 1368 2001 $169,900 $124 3/31/2011 $156,000 $114 42 92%CS 9231 Spring Run Blvd E, #2103 2 Bed 2 0 Turnkey - - N Golf Course, Lake 1333 2001 $169,900 $127 4/14/2011 $165,000 $124 57 97%CS 9161 Spring Run Blvd, #1704 2 Bed 2 0 Turnkey - - N Golf Course, Lake 1209 2000 $155,900 $129 4/3/2011 $155,900 $129 112 100%CS 9251 Spring Run Blvd, #2307 2 Bed 2 0 Furnished - - E Lake 1209 2001 $159,500 $132 4/4/2011 $150,000 $124 166 94%CS 9301 Spring Run Blvd Ne, #2804 2 Bed 2 0 Turnkey - - E Golf Course, Lake 1209 2002 $168,700 $140 3/1/2011 $156,000 $129 91 92%CS 9189 Spring Run Blvd, #1902 2+Den 2 0 Turnkey - - N Golf Course, Lake 1558 2001 $229,000 $147 3/30/2011 $225,000 $144 128 98%CS 9860 Spring Run Blvd, #3107 2+Den 2 0 Turnkey - - W Golf Course, Lake 1513 2000 $225,000 $149 4/25/2011 $210,000 $139 56 93%P 9341 Spring Run Blvd, #3110 2+Den 2 0 Furnished - - E Golf Course, Lake 1458 2002 $219,900 $151 62CS 9331 Spring Run Blvd, #3010 2+Den 2 0 Furnished - - E Golf Course, Lake 1458 2002 $229,000 $157 3/21/2011 $212,500 $146 102 93%CS 23511 Sandycreek Ter E, #1105 2 Bed 2 0 Turnkey - - E Lake 1376 1998 $220,000 $160 4/29/2011 $190,000 $138 31 86%CS 23815 Clear Spring Ct, #2101 2+Den 2 0 Turnkey - - N Golf Course, Lake 1792 2001 $339,900 $190 3/14/2011 $315,000 $176 263 93%

Condos in Spring Run at the Brooks (Closed & Pending From March 1st to April 30th, 2011)

Spring Run at the Brooks Market Trends

Single Family Homes in Spring Run at the Brooks (Closed & Pending From March 1st to April 30th, 2011)

To view Active listings visit www.MySpringRun.com

With only 16 homes selling in Spring Run thus so far in 2011 many sellers will be heading back up north disappointed that their homes did not sell. With sales likely to dip during the summer, home prices will not go up before next season so why not sell now? Although home sales do dip in the summer, Spring Run needs to pay close attention to the buying and selling trends. The condo market is very sensitive and to prevent holding throughout the summer, it is very important to get in front of the market. A great number of sellers have been chancing the market down. If you price your home to sell NOW you can sell for the same amount of money as you would come next winter and avoid summer carrying cost.

0


CS 23210 Copperleaf Blvd 2+Den 2 0 Unfurnished Yes Yes S Golf Course, Lake 1745 2000 $349,900 $201 4/29/2011 $310,000 $178 353 89%CS 23401 Copperleaf Blvd 3 Bed 2 0 Furnished Yes Yes N Golf Course, Lake 1750 2001 $374,500 $214 4/29/2011 $375,500 $215 85 100%P 23811 Copperleaf Blvd 2+Den 2 0 Turnkey Yes No W Golf Course 1750 2001 $379,000 $217 59CS 23160 Foxtail Creek 3+Den 3 0 Turnkey Yes No W Golf Course, Lake 2090 2002 $424,900 $203 4/21/2011 $395,000 $189 190 93%CS 23700 Jasmine Lake Dr 2+Den 2 0 Negotiable Yes Yes W Golf Course, Lake 2075 2002 $429,500 $207 3/22/2011 $418,000 $201 336 97%CS 23310 Foxtail Creek Court 3+Den 3 0 Turnkey Yes No W Golf Course, Lake 2095 2002 $449,900 $215 4/12/2011 $370,000 $177 376 82%P 23461 Caraway Lakes Dr 3+Den 2 0 Partly Furnish Yes Yes E Golf Course 2231 2002 $462,000 $207 345CS 24271 Copperleaf Blvd 3+Den 2 0 Negotiable Yes Yes E Golf Course, Lake 2231 2001 $479,000 $215 3/14/2011 $460,000 $206 357 96%P 24311 Copperleaf Blvd 3+Den 2 0 Furnished Yes No SE Golf Course, Lake 2231 2001 $499,000 $224 548CS 23970 Copperleaf Blvd 3+Den 2 0 Turnkey Yes Yes E Golf Course, Lake 2231 2001 $499,000 $224 4/29/2011 $480,000 $215 1 96%CS 23270 Copperleaf Blvd 3+Den 2 0 Turnkey Yes Yes E Golf Course, Lake 2231 2001 $499,000 $224 4/29/2011 $480,000 $215 1 96%CS 24381 Copperleaf Blvd 3 Bed 2 0 Negotiable Yes Yes E Golf Course, Lake 1955 2003 $499,900 $256 3/30/2011 $425,000 $217 401 85%CS 24100 Copperleaf Blvd 3 Bed 2 0 Furnished Yes Yes NW Golf Course, Lake 1955 2001 $509,900 $261 4/15/2011 $480,000 $246 174 94%P 10361 Creekedge Ct 3+Den 3 0 Unfurnished Yes No S Golf Course, Lake 2465 2001 $649,000 $263 442

P 22820 Sago Pointe Dr, #2304 2+Den 2 0 Turnkey - - SW Golf Course, Lake 1560 2002 $229,500 $147 402CS 22861 Sago Pointe Dr, #1702 2+Den 2 0 Negotiable - - W Golf Course, Lake 1633 2002 $239,000 $146 3/1/2011 $237,000 $145 111 99%P 22800 Sago Pointe Dr, #2502 2+Den 2 0 Negotiable - - SE Golf Course, Water 1633 2002 $239,000 $146 206CS 22811 Sago Pointe Dr, #1401 3+Den 2 0 Partly Furnish - - N Golf Course, Lake 1988 2002 $269,900 $136 4/27/2011 $240,000 $121 44 89%CS 22800 Sago Pointe Dr, #2501 3 Bed 2 0 Unfurnished - - S Golf Course, Lake 1988 2002 $279,000 $140 4/29/2011 $368,000 $185 106 132%P 22811 Sago Pointe Dr, #1406 3 Bed 2 0 Negotiable - - N Golf Course, Lake 1988 2002 $284,900 $143 162CS 22841 Sago Pointe Dr, #1501 3 Bed 2 0 Unfurnished - - W Golf Course, Lake 1988 2002 $285,000 $143 3/1/2011 $280,000 $141 58 98%

Copperleaf at the Brooks Market Trends

Single Family Homes in Copperleaf at the Brooks (Closed & Pending From March 1st to April 30th, 2011)

Condos in Copperleaf at the Brooks (Closed & Pending From March 1st to April 30th, 2011)

To view Active listings visit www.MyCopperleaf.com

Copperleaf produced 9 closed sales in April 2011, a two year high! 54 price improvements so far in 2011 which is a huge factor in the sales spike. Copperleaf offers great location, amenities and homes, if you have your home priced right it will sell weather it’s season or not.

0


CS 8524 Via Lungomare Cir, #202 2+Den 2 0 Unfurnished No No E Lake, Pool/Club 1612 2005 175,000$ 109$ 4/20/2011 165,000$ 102$ 256 94%P 8621 Piazza Del Lago Cir, #204 3 Bed 2 0 Unfurnished No No S Lake, Preserve 1732 2007 288,000$ 166$ 77P 8721 Piazza Del Lago Cir, #106 3 Bed 2 0 Unfurnished No No NE Preserve 1706 2007 298,000$ 175$ 31CS 22316 Punta Del Capo Ct, #101 3 Bed 2 0 Unfurnished No No S Lake 1976 2006 359,000$ 182$ 3/1/2011 320,000$ 162$ 311 89%CS 22164 Ponte Romano Ln, #101 3 Bed 2 0 Negotiable Yes No W Lake 1976 2007 365,000$ 185$ 4/15/2011 325,000$ 164$ 153 89%P 22158 Isola Verdi Way, #103 3 Bed 2 0 Unfurnished Yes Yes W Lake, Water Feature 1976 2006 399,900$ 202$ 117

Rapallo Market Trends

Rapallo (Closed & Pending From March 1st to April 30th, 2011)

To view Active listings visit www.MyRapallo.com

Rapallo took a step backwards in April 2011 with inventory increasing and a slow down with price improvements for the second straight month. Rapallo sellers need to get back on track burning inventory and getting aggressive with prices to bring more homes under contract and bringing inventory down. In addition, I think it would help if Rapallo was not so restrictive with open house rules. These rules limit the showing traffic to help sell the community and available units.

0


CS 20131 Cheetah Ln 3 Bed 3 0 Unfurnished Yes Yes E Golf Course, Pool/Club 2102 1989 294,900$ 140$ 3/31/2011 295,500$ 141$ 95 100%CS 12520 Wildcat Cove Cir 2+Den 3 0 Negotiable Yes Yes NE Lake, Preserve 2145 2001 329,000$ 153$ 4/5/2011 315,000$ 147$ 156 96%P 20617 Wildcat Run Dr 2+Den 2 1 Furnished Yes Yes W Golf Course 2137 2004 369,000$ 173$ 77CS 20503 Lynx Ct 3+Den 3 2 Unfurnished Yes Yes W Golf Course, Lake 3063 1996 624,900$ 204$ 4/21/2011 562,500$ 184$ 102 90%P 12375 Eagle Ct 5 Bed 4 0 Unfurnished Yes Yes NE Golf Course, Preserve 3451 2007 689,000$ 200$ 1581P 20132 Cheetah Ln 4+Den 4 0 Negotiable Yes Yes W Golf Course, Lake 3050 1990 699,000$ 229$ 170CS 20507 Lynx Ct 3+Den 3 1 Unfurnished Yes Yes NW Golf Course, Lake, Preserve 3262 2001 699,900$ 215$ 4/21/2011 690,000$ 212$ 456 99%P 20201 Wildcat Run Dr 4+Den 3 1 Unfurnished Yes Yes E Lake 3240 2008 849,900$ 262$ 193

CS 20675 Wildcat Run Dr, #101 3 Bed 2 0 Negotiable - - W Lake, Preserve 1759 1999 248,500$ 141$ 4/29/2011 230,000$ 131$ 98 93%

Wildcat Run Market Trends

Single Family Homes in Wildcat Run (Closed & Pending From March 1st to April 30th, 2011)

Condos in Wildcat Run (Closed & Pending From March 1st to April 30th, 2011)

To view Active listings visit www.MyWildcatRun.com

Season in coming to an end in Wildcat Run and there are a lot of sellers who have been on the market all winter and have not yet sold. Good news is there will be plenty of opportunity to sell this summer. The summer months tend to have lower inventory and less price improvements so a price improvement at this point could have a greater impact than it would a few months back. With few buyers and high inventory it will be important to price your home right to attract the few buyers available in the summer months.

0

May | June | 2011 | 7


REALESTATE .com

4693. Looking for nature, relaxation, serenity, picturesque views and a convenient location - this is the home! Barely lived in 2nd floor end unit, 3 bed, 2 bath, 2040 sf Carriage home separates itself from others in the neighborhood offering never ending water views of a lake and golf course beyond. Tile on diagonal, tile in-lays, decorative fixtures, window blinds, radio/intercom and electric hurricane shutters, wall of sliders expanding from the large great room to the breakfast nook leading out to the tile lanai all add to the appeal. Offered at $314,000.



2576. 3 Bed+Den, 3.5 Bath, 3,014 under air, 5,693 total sf courtyard home w/beautiful expansive views of lake, golf course & woods. Numerous upgrades thru-out, crown molding, plantation shutters, tile, hardwood floors, custom built-ins, Bose surround sound. Stunning gourmet kitchen, w/granite countertops, 42” cherry cabinets w/crown molding, decorative tile. Offered at $629,000.



2854. 1st floor 3 bed, 2 bath, 1606 sf, 2078 total sf coach home in this resort lifestyle community. Decorated in neutral tones with a tropical flare. Large kitchen, raised panel cabinetry w/crown, granite counter-tops, accent drop lighting. Living room wall of sliders lead to the lanai offering tranquil lake views. Plenty of room for family/guests with total of 3 bedrooms and one easily used as a den. Comfortable master bedroom, private entry to the lanai, two closets with one nice large sized walk-in. Extra room in the garage with added space for storage. Offered at $269,000.


The Enclave At Rapallo, Estero

3339. Outstanding architectural features from exterior’s pre-cast stone columns to interior’s exquisite decorating. Marble floors, crown molding, faux paint, butler’s pantry, custom built-ins, pocket doors, coffered ceilings. 2-story living room, fireplace, picture windows, tropical views beyond the open lanai w/summer kitchen and gas heated zero-edge pool/spa to the lake. Extravagant marble stairway leads to the loft w/2 bedrooms, private baths/balconies. Gourmet kitchen, custom cabinetry, granite, stone backsplash tile, built-in paneled appliances, double oven, 6-burner gas stove top. 1st floor master suite, sitting area, luxurious master bath, center jetted tub surrounded by granite/tile. Offered at $1,999,000. Call Michael 239-498-7600.

Tuscany Isle At The Colony,Bonita Springs

1646. 2nd floor Coach home, 3 bed+den, 2 bath, 2040 sf, 2465 total sf, designer decorated throughout, hardwood flooring, tile, textured faux paint, accented tile, plantation shutters, designer fixtures/ceiling fans. Striking architectural features w/vaulted ceilings, archways, niches, French doors. 2 guest bedrooms one very large in size doubling perfectly as a media room. Water, golf course, tropical views through a wall of sliders from morning room to the great room opens to the tailed lanai.. Quietly located at the end of the street in a private neighborhood of Oak Hammock at Shadow Wood At The Brooks. Offered at $288,900.


Shadow Wood at the Brooks,Bonita Springs

1491. Abundance of upgrades throughout this beautif3 bed+den, 2667sf, 4583 total sf, greatroom floorplan with silhouette blinds, plantation shutters.. Kitchen, granite counter-tops, 42” cabinets w/crown molding, black appliances, decorative backsplash tile, breakfast nook. Disappearing sliders leads out to the paver lanai w/built-in heated pool/spa, aqualink control, and added landscaping w/privacy hedging, golf course and large lake views. Master suite, French door entry to the lanai, his/her closets, bath w/soaking tub, large walk-in shower surrounded in tile . Enjoy the 52,000sf clubhouse, dining, fitness room, tennis, golf course. Located close to the airport, shopping, FGCU and beach lovers only a 20 minute ride. Offered at $460,000.Call Michael 239-498-7600.

Grandezza, Estero

line is that people still want to visit, live and retire here in Southwest Florida. Let’s look at recent activity in our market. Mortgage rates rose slightly with the average rate on a 30-year fixed-rate mortgage climbing for a fourth straight week, according to Freddie Mac’s weekly survey of mortgage rates. The 30-year fixed-rate averaged 4.91% this past week, up slightly from the prior week’s 4.87% but down from 5.07% this time last year. Financing is clearly available with 33% of the last 12 months’ sales being financed -- compared to 67% of the market sold to cash buyers. According to local real estate statistics, March 2011 sales increased an amazing 112% from March of 2008. Sales were posted at 1,217 units compared to only 573 units in 2008. The 2010 to 2011 increase was exceptional with a 70% increase overall. This is good news for buyers and motivated sellers as increased activity creates better prices and more offers. The number of properties under contract rose to an even higher percentage gain with 140% more properties under contract in March 2011. Figures show 1,907 units were under contract in March 2011 verses 791 units in March of 2008. The median price property in Southwest Florida continues to be consistent and is hovering at $175,000. This trend has remained the same for the last six months which covered our season of October through March. The median price has remained rather consistent for past three years only moving slightly up or down. March of 2011 the median price, as mentioned, was $175,000. March 2010 was slightly higher at $200,000 and March 2009 recorded the median at $180,000. Overall, the Southwest Florida seasonal market, January through March, closed with a 3% increase. Collier County was ranked 29th in the State for foreclosure activity with a rate of one in every 196 homes filing. The total was 992 properties in foreclosure which was a decrease of nearly 55% compared with last quarter, and a decrease of 70% from the first quarter of 2010. The best news is the inventory continues to decrease. We have dropped below 9,500 units on the market. This figure gives us an average of nine months a unit will be on the market in the overall market. New inventory or units on the market was reduced by 16% compared to last year’s new inventory. Basic economics of supply and demand continue to have created some areas of multiple offers on properties for sale.

It is becoming popular for banks representing foreclosures to set the ‘low end’ list price verses an average price. By setting a lower list price, banks are creating multiple offers and have posted sales above the listing price. The local market saw more activity from area developers this season also. Developers have stepped back to the playing table with huge incentive programs for general realtor sales. It is expected that new development sales will increase as well. WCI is back in Naples with ground breaking at Manchester Square off Livingston Road. Prices start in the $200’s and Andalucía off Whippoorwill Lane has begun a new sales promotion with a new development team where prices start in the $300’s. Nationally speaking, recovery seems headed in the right direction, but the overall market is still weak. In comparison to Southwest Florida and based on our recent numbers, it seems that Southwest Florida may experience a quicker path to a stronger market. This is surely a sign of better times for this market and the surge of winter visitors, retirees, and homebuyers still continue in an upward trend…and why not? Who doesn’t want to live in Southwest Florida – even only part-time? Thinking of buying? Now is a great time. Before you start your search, be sure to contact a real estate professional that is keeping a close watch on the market and knows how to interpret the trends!

Continued from page 1

4346. 3 bed, 2 bath, 2840sf, 2528 total sf, Villa with great room floor plan, 2-car garage. Tile on diagonal, decorative fixtures, window blinds, wood closet shelving all bedrooms. Kitchen, black GE Profile appliances, granite counter-tops, cabinets w/ crown and dry bar. Large great room, wall-wall slider opens to the lanai with private preserve and golf course views. Master bedroom, tray ceiling, 2 closets and private sliding entrance to the lanai. Enjoy the beautiful clubhouse with pool/spa, cabana, dining, tennis and fitness room. For the avid golfer additional memberships are available. Offered at 299,000Call Michael 239-498-7600.

Grandézza, Estero

8 | May | June | 2011

Choose success. Choose Michael.Few real estate agents are as driven as Michael Burke. A member of numerous local real estate committees, this multi-million dollar producer keeps tabs on the local market by staying intimately involved. Whether you are selling or buying, Michael brings to the table strong negotiation skills, state-of-the-art marketing methods, integrity, and the ambition it takes to achieve 100 percent satisfaction. His drive to succeed is tempered only by his understanding of his clients’ needs.

Visit www.CoconutPointRealEstate.com for Additional Pictures of These and Other SW Florida Homes or Call D. Michael Burke, p.a. 239.498.7600 for More Information

Choose Michael Burke as your real estate agent, and sit on the side of suCCess.

2283. Furnished, Courtyard, 3 bed+den, 3 bath, 3154 under air, 5701 total sf, home. Rich in details and upgrades, with gorgeous views of golf course and woods beyond. Designer decorated, plantation shutters, window treatments, faux paint, hardwood, tile floors, built-in’s, plus much more. Gourmet kitchen, stainless steel appliances, built-in range, rich cherry cabinets w/crown molding, granite countertop. Formal dining and living room and beautiful den. Paver courtyard, built-in pool/spa, flower beds. Offered at $799,995.



Twin Eagles, Naples2918. Build your own custom estate home on this large lot on the 10th fairway in this exclusive golfing community, w/two golf courses designed by Nicklaus & Player. Private community offers miles of scenic walking trails, biking paths, parks, gardens, 47,000 sf clubhouse, Har-Tru tennis courts, fitness club, dining & has hosted the ACE Group Classic & PGA Champions Tour! Offered at $79,000.



REALESTATE .com

6295. 3 bed+den, 4 bath, 3525 sf under air, 6503 sf total. Featuring the builders custom designs & upgrades thru-out w/variety of tray ceilings, crown molding, custom tile floor, tile inserts, miter windows, hand forged front door, plantation shutters, custom built-ins, designer decorated window treatments. Gourmet kitchen w/stainless built-ins, 6 burner gas stove top, tumbled stone tile backsplash, granite counter-tops. 2 guest suites w/private baths, master suite w/2 large walk-in closets, 4 section tray ceiling w/crown molding, Lanai w/pavers, summer kitchen w/built-in grill, refrigerator, sink. Fireplace & zero edge heated built-in pool w/cascading spa & fountain w/views of the 7th fairway, 2 large lakes & the 6th fairway beyond. Offered at $1,299,000.


Shadow Wood At The Brooks,Bonita Springs

3142. This 2 bed+den, 2 bath, 2050 sf under, 3467 total sf, Key West style home features an outstanding 1500 bottle climate controlled wine room w/tasting table. Discriminating details and custom finishes and upgrades throughout. Gourmet kitchen, built-in appliances, granite counters, cabinets w/crown and accented paned inserts. Great room with fabulous built-in entertainment center and impressive beamed ceilings and beautiful inlaid marble floors. Added bonus with lower level 4 car garage. Offered at $374,000.


Bonita Bay, Bonita Springs

0305. 3 bed, 3.5 bath, 2665 sf, 3225 total sf, end unit decorated in soft earth tones. Tile, crown molding, plantation shutters, solar tinted windows, remote control electric shutters. Dining/great room, vast windows maximizing the views. Kitchen w/ cherry cabinetry, granite counters, built-in stainless GE Profile appliances. Large master suite, entry to terrace, large walk-in closet, Master bath, his/her marble vanity, soaking tub, walk-in shower. 2 bedrooms for guests both offer a private bath and one w/balcony overlooking the clubs tropical pool/cascading waterfalls. Enjoy the amenities the tower provides, barbeque grills, pavilion, A/C storage bike lockers. Golf membership/cart available as addt’l option. Offered at $579,000. Call Michael 239-498-7600.

Castella at The Colony,Bonita Springs

2353. 4,260 sf under air, 5140 total sf, 3 bed+den, 3.5 bath designed by an artist whose vision for detail is masterful. Grand Foyer featuring a hand-painted mural with copper and gold accents. Living Room with a forever view of Estero Bay and Gulf of Mexico. Trellised ceiling, mirrored wall panels of the formal Dining Room, metallic glass inlays in the Kitchen and Family Room, and carved glass doors in the Den add a visual dimension unlike any. Master Suite with its European trim and two additional Bedrooms provide family/guest’s desired privacy. Offered at $1,529,000.


LaScala - The Colony,Bonita Springs

3839. Mediterranean inspired 3 bed, 2 bath 1979 sf under air, 3142 total sf Villa. Stunning paver loggia w/rod iron fence, 10’ ceilings, tile, berber carpet. Kitchen, with café’ eating area, cabinets w/crown molding & drop lighting. Grand living/dining room, expansive corner-corner sliders leading to the lanai/courtyard with built-in summer kitchen with large lake and soothing fountain views. Located in the resort style community of Rapallo At Coconut Point with numerous amenities. Offered at $310,000.


Rapallo at Coconut Point,Estero

2551. 2nd floor turnkey, 2 bed, 2 bath, 1333 sf, 1511 total sf condo with new upgrades, renovations in a bundled golf community. Gorgeous vast lake and golf course views of fairway #1 & #9 from the tiled lanai. Plantation shutters, designer window treatments, replaced carpet, interior walls repainted and remodeled guest bath with granite. Kitchen with chef border wall paper, backsplash tile, refrigerator and microwave replaced and new granite countertops installed. Ample room for guests with 3 queen size beds, with fold out in the living room. Fantastic home for yearly stay or seasonal rentals for added income. Offered at only $185,00. Call Michael 239-498-7600.

Spring Run At The Brooks,Bonita Springs

6864. Ideal lots for boat and nature lovers. This listing includes both lot 24 and 25. Build your dream home on these lots with direct gulf access in Estero Shores. If dining and shopping are on the agenda, this is also the perfect location in Bonita Springs. Located just down the road from the new Coconut Point Mall with variety of shopping, casual and fine dining, movie theatre. Want to enjoy the day at the spa or a round of golf, the Hyatt is just down the road! This location is prime! Offered at $150,000.


Estero Bay Shores, Bonita Springs

5370. Beautiful lake and golf course views of the 7th green, in this 3 bed+den, 2 bath, 2380 sf, 4267 sf under air. Located on a large lot across the street from the country club. Open kitchen to family room with sliders opening to the lanai for a expanded area for entertaining. Fabulous den with large solar tinted arched windows, new A/C unit with warranty, lanai, built-in pool and dry bar. Beach lovers, only 3 miles to the beautiful Florida Beaches. Offered Turnkey at $349,000.


Spanish Wells, Bonita Springs

May | June | 2011 | 9

Choose success. Choose Michael.Few real estate agents are as driven as Michael Burke. A member of numerous local real estate committees, this multi-million dollar producer keeps tabs on the local market by staying intimately involved. Whether you are selling or buying, Michael brings to the table strong negotiation skills, state-of-the-art marketing methods, integrity, and the ambition it takes to achieve 100 percent satisfaction. His drive to succeed is tempered only by his understanding of his clients’ needs.

Visit www.CoconutPointRealEstate.com for Additional Pictures of These and Other SW Florida Homes or Call D. Michael Burke, p.a. 239.498.7600 for More Information

Choose Michael Burke as your real estate agent, and sit on the side of suCCess.


REALESTATE .com

9024. 3 Bed+den, 3 bath, 3 car garage, 2916 sf, 5850 total sf Mediterranean inspired Villa. Features up grades throughout w/tile on diagonal, Hickory flooring, faux finish, wide crown molding/base boards, elegant drapery/plantation shutters, miter window, French doors w/transom throughout. Gourmet kitchen, built-in premium appliances, 6-burner gas range top, wall oven/microwave, granite counter-tops, accent backsplash tile, maple cabinets w/crown. Great room w/surround sound, wet-bar, wine cooler, granite counter-top, corner-corner wall sliders. Paver lanai, ideal for entertaining w/full summer kitchen, built-in gas grill, built-in pool/spa offering tranquil water/preserve views. Offered at $1,075,000. Call Michael 239-498-7600.

Mediterra, Naples

4819. 3 bed+den, 3 bath, 2nd floor Coach home w/picturesque, tranquil lake and golf course views throughout. Tile on diagonal, tray ceilings w/crown, pre-wired for private elevator, electric shutters, surround sound. Kitchen, extended breakfast bar, 42” raised panel cabinets w/crown, granite counter-tops, morning room surrounded by windows offer beautiful sunrises and tiled lanai with sunset views. Spacious great room and media room with tropical lake views. Owners master suite with further tropical water views, private bath and entry to tile lanai. Perfect location in Shadow Wood with the neighborhood offering its own private pool/spa and social room. Offered at $439,900. Call Michael 239-498-7600.


0082. Enjoy a resort lifestyle in this 3 bedroom, 2 bath, attached garage, 1732 under air, 2196 total sf coach home. 10’ ceilings, tile on diagonal, designer fixtures, plantation shutters and blinds. Spacious open-concept kitchen, stainless appliances, cabinets w/crown molding, granite counter-tops. Tile lanai with gorgeous tropical water with fountains and wooded views. This Mediterranean inspired Community offers an outstanding abundance of amenities. Offered at $259,000.


Rapallo At Coconut Point, Estero

2862. First floor carriage home w/attached 2 car garage, 3 bed, 2 baths, 1647 under air, 2256 total sf. Beautifully decorated with a tropical décor. Newly installed bamboo laminate flooring in great room, dining & den, accented paint on walls w/artist added custom accent, window treatments thru-out. Kitchen cabinets w/crown, breakfast nook w/large windows & slider leading to lanai w/electric shutters. Spectacular views of an expansive lake, tropical landscaping & golf course. Seller willing to provide a $10,000 credit towards golf membership. Offered at $265,000.


Grandézza, Estero

1283. 4 bedrooms plus den, 3.5 baths, 3702 s.f., 6471 total s.f., 3-car garage. Picturesque long lake and South course 9th green views and only a short stroll to the beautiful clubhouse. Outstanding upgrades and features throughout. Tile, accent in-lays, tray ceilings, crown molding, custom built-ins, designer window treatments, plantation shutters, 2-HVAC zoned units, 2 water heaters (1 tankless). Gourmet kitchen, built-in panel appliances, wall oven, cook top, 42” cabinetry in glaze finish, decorative backsplash, center island with granite and breakfast nook with stunning miter windows. Spacious family room, built-in entertainment center with additional zoned speakers. Living room, wet-bar with granite and stunning built-ins with fireplace enclosed by marble. 3 guest bedrooms all with custom closet cabinetry, 2 with Jack-n-Jill bath, 3rd with bath. Spacious den with closet which can be used as 5th bedroom. Vast master suite, sitting area, private entry to the paver lanai with built-in summer kitchen, gas grill, granite countertop and beautiful built-in gas heated pool/spa and pool bath. Offered at $1,099,000.



6246. Enjoy this beautiful great room floor plan with, 4 bedroom+den, 2 bath, 2291 under air, 3159 total sf. Numerous upgrades, impressive tray ceilings, tile on diagonal, hardwood and carpet flooring, decorator ceiling fans/fixtures, 8 ft solid doors, plantation shutters. State-of-the-art kitchen, stainless appliances, built in oven, rich granite countertops, tile backsplash. Fabulous expanded lanai with built-in electric heated pool/spa offering tranquil, private preserve views. Offered at $389,900.


Grandézza, Estero

1991. 2nd floor , 2 bed+den, 2 bath, 1490 sf carriage home. Plantation shutters, electric hurricane screen, decorative fixtures/fans, window treatments. Tile on diagonal, berber carpet, large dining/living rooms with sliders to the tile lanai offering beautiful large lake and golf course views. Enjoy the private neighborhood pool/social club house and Grandezza’s 52,000 sf foot clubhouse, community pool/spa, cabana, fitness, tennis, dining. Golfers, take advantage of a new membership offered for a limited time for $7800 annually also includes social membership fee! Offered at $162,000.


Grandézza, Estero

0138. Perfect layout for your family and guests in this 4 bedroom + den, 3.5 bath, great room floor plan with 2453 sf under air, 3150 total sf. Dramatic 2-story ceiling, 18” tile on diagonal, plantation shutters, designer window treatments and fixtures. Spacious kitchen, convection built-in oven, cook top, 42” cabinets, backsplash tile, granite counter-tops. Den and master suite on 1st floor with tray ceilings surrounded in rich crown molding. Gorgeous sprawling lake and wooded views from the lanai with built-in heated pool/spa offering complete privacy. Offered at $529,000.



0544. Sought after Southern exposure in this immaculate 3 bed + den, 3 bath, 2876 under air, 2769 total s.f. home. Decorated in neutral tones, designer paint, 18” tile, volume ceilings, window treatments. Large kitchen, abundance of cabinets, counter space with granite, center island, GE Profile stainless steel appliances, breakfast nook with miter windows. Family room’s disappearing sliders leads to lanai’s built-in pool/spa, pool bath, summer kitchen w/built-in grill and sink, surrounded by landscaping for privacy. Low density community offering bundled golf on the Gordon Lewis, 18-hole course. Offered at $599,000. Call Michael 239-498-7600.

Copper Lake At The Brooks, Bonita Springs

8933. Estate home with 4 bed+den, 4.5 baths, 3495 under air, 4867 total sf, with 3-car garage. Beautiful, spacious home with numerous upgrades. Tile in main living, crown molding, silhouette blinds, window treatments, variety of tray ceilings formal dining and living room. Gourmet kitchen, built-in stainless appliances, paneled cabinetry, breakfast nook with dramatic miter windows. Family room corner-corner sliders leads to expansive paver lanai, built-in pool/spa with gorgeous lake views. Offered at $879,000.


Grandézza, Estero

10 | May | June | 2011


REALESTATE .com

5784. 22nd floor condo with attached garage. 3 bed, 2 bath, 2040 sf, 2476 total sf. Carpet, tile, blinds, window treatments, high vaulted ceilings, new A/C unit w/10 year transferable warranty. Great room and breakfast nook both with vast sliders leads to the lanai with tropical landscaped views and golf course beyond. Master bedroom, vaulted ceiling, private entry to lanai, large walk-in closet. Ample room for your guests in the two additional bedrooms, with one extremely large in size which may also be used as a den or media room. Offered at $322,900. Call Michael 239-498-7600.

Shadow Wood At The Brooks, Bonita Springs 3864. Beautiful 3 bedroom+den, 3.5 bath, 3360

sf, 4753 total sf, Southern exposure courtyard, built-in grill, granite, built-in heated pool/spa, cabana, private bath. Rear patio with Eastern exposure offering tropical, picturesque views of sprawling lake and preserve. Designer window treatments, plantation shutters, tile, faux paint, crown molding, surround sound. Gourmet kitchen, custom maple raised cabinets with crown, built-in appliances, granite counters. Great room with custom wet-bar, backsplash tile. Exquisite master suite and bath with continuation of tile flooring, his/her marble vanities, shower enclosed by miter glass, accent tile and in-lays. Offered at $900,000. Call Michael 239-498-7600.


5123. Beautiful views of large lake and golf course in this first floor, 2 bed+den, 2 bath end unit Coach home with attached garage. Lots of window exposure, window blinds, large tile throughout main areas and lanai. Living room with sliders leading to lanai, formal dining room and kitchen nook with additional entry to the lanai. Master bedroom, large walk-in closet and private bath. This residence is ideal for the avid golfer with the community offering bundled golf and 15,000 sf clubhouse, fitness room, 4 tennis courts, pool/spa with cabana. Offered at $209,000.


Spring Run At The Brooks, Bonita Springs

0925. Beautiful views in this immaculate, end unit, attached 2-car garage,1647 sf, 2256 total s.f., carriage home. Tile, Berber carpet, designer fixtures, window blinds, painted throughout in pleasing earth tones. 2 additional bedrooms for guests or use the 2nd guest bedroom for your own use as a den. Master bedroom, large walk-in closet, and private sliding entry to the lanai. Sit out on the lanai and listen to the sounds of a soothing water fall in the lake built-up with scenic rocks and golf course views. Offered at $249,000.


Grandézza, Estero2330. Immaculate, 2+den, 2 bath 1654 sf, 2357 total s.f., end unit coach home, attached 2-car garage with tranquil water views. Inviting in neutral tones, tile, hardwood, blinds, decorative fixtures. Spacious kitchen, 42” paneled cabinets, upgraded appliances and a wall of sliders expanding from dining to living room out to the large tiled lanai. Master bedroom, his/her closets, door entry to lanai and windows for further views. Enjoy in this Mediterranean inspired community of Miromar Lakes Beach/Golf Club with white beaches, freshwater lakes, boating, zero-edge pool, and so much more. Offered at $220,000. Call Michael 239-498-7600.

Miromar Lakes, Miromar

1920. 3 bed, 2 bath 1st floor end unit, attached garage, 1642 sf, 1856 total sf with tropical and golf course beyond. Tile in main living areas, spacious kitchen with an abundance of cabinetry and counter space. Spacious great room with large sliders leading to the lanai. 2-guest bedrooms, with accent chair railings and one which can perfectly be used as a den. Master bedroom with entry to lanai, nice size private bath and large tile walk-in shower. Enjoy the neighborhood of Sabal Palm with its own community pool and social center. Offered at $185,000. Call Michael 239-498-7600.

Grandézza, Estero1851. Sought after SW exposure in this 2- story home, 3+den, 2.5 bath, 2255 sf, 2950 total sf w/master suite on 1st floor. Tile main living areas, tray ceilings w/crown molding, textured and faux paint, tile in-lays, window treatments. 2nd floor two private guest bedrooms and loft overlooks the greatroom, ideal for use as a den or media room w/built-in cabinets. Greatroom, built-in entertainment center, surround sound, lanai for extended entertainment area w/built-in kitchen/grill. Gorgeous views of the golf course, built-in pool/spa w/glass block water fall, tier step up to the spa. Offered at $460,000. Call Michael 239-498-7600.


0214. Custom architecture, upgrades in this 3 bed + den, 3 bath Paloma model. Tile, in-lays, crown molding, tray ceilings, plantation shutters, custom built-ins, faux paint, lighting system. Kitchen, custom designed cabinets with crown molding, tile backsplash, built-in paneled appliances. Breakfast nook, vast miter windows with views to the rock style pool, waterfall, preserve and golf course beyond. Great room, built-in entertainment center, surround sound, disappearing sliders and paver lanai with built-in summer kitchen. Master suite, two French door to the lanai’s private spa, outdoor shower. Offered at $575,000. Call Michael 239-498-7600.

Grandézza, Estero1950. Immaculate barely lived in 3 bed+den, 2 bath, 2293 sf, 3166 total sf home quietly located on cul-de-sac with extra wide large backyard with tropical landscaping and preserve. Tile on diagonal, accent in-lays, designer fixtures, painted in neutral tones. Gourmet kitchen, curved breakfast bar in granite, cherry cabinetry w/crown molding, open to the great room with 4 –section tray ceiling, large niche and a wall full of sliders & transoms lead out to the extended lanai w/built-in pool/spa. Ample room with master bed, two additional bedrooms plus large den with closet, easily used as a fourth bedroom. Offered at $425,000. Call Michael 239-498-7600.

Grandézza, Estero

3509. Gorgeous, custom 4 bed+den, 4.5 bath, 5531under air, 11,312 total sf, 2-story estate home with outstanding architectural features. Accent iron work, French doors, marble floors, crown molding, faux paint, custom built-ins, coffered ceilings, 4-new A/c units. Breathtaking views of large lake, 2-story living room, stone fireplace. 1st floor master suite, sitting room, luxurious master bath, vast walk through shower leads to separate his/her bath areas with granite vanities. Gourmet kitchen, custom cabinetry w/crown, granite, backsplash tile, top of the line built-in appliances, wall oven, gas range, sub-zero. Family room zero edge pocket doors open to lanai, built-in kitchen, cabana, pool bath, heated built-in pool/spa surrounded by rod iron fence, landscaping and tropical views. Offer at $1,850,000. Call Michael 239-498-7600.

Tuscany Isle At The Colony, Bonita Springs

May | June | 2011 | 11

Providing clients with peace of mind through financial security.

Financial, Retirement, Estate Planning and Money Management

Castle Financial

Family Wealth Protection and Growth StrategyDo You Have one?

We provide financial, retirement, estate planning services and a sensible, prudent

approach to managing your assets.

The Colony, 4875 Pelican Colony Blvd., Suite 1401, Bonita Springs, Florida 34134-6952

Please call 239-947-9255 for a free consultation! [email protected] | www.castlefinancial.com

Securities Offered through Cadaret Grant & Co., Inc. Member FINRA/SIPC

Al Procaccino II, MBARegistered Investment AdvisorCertified Financial Planner TM

Certified Fund SpecialistPresident & CEO

Short Sales: Don't Sell Yourself Short There is no shortage of literature regarding "short sales". However, this article will explore relatively new waters by examining critical terms that should be reduced to writing when navigating a short sale. All parties to the transaction (seller/borrower, lender, buyer, guarantor(s)) should consider how to protect themselves with written agreements. As you probably know, a short sale is where the current lender agrees to release property from the lien of the mortgage in exchange for less than the outstanding mortgage debt. Shorts sales gain popularity as owners owe more on their outstanding mortgage than their property is currently worth. Essential Contract Terms A short sale comes to life when a contract for sale is executed by the seller/borrower and buyer. At a minimum, the contract should clearly state that the transaction is a short sale and provide that closing is contingent upon: (i) the lender's approval of the terms and conditions of the contract; (ii) the lender's approval of the settlement or closing statement; (iii) the lender's agreement to accept a specific payoff amount which is less than the balance due on the loan; and (iv) the lender's release and satisfaction of the mortgage upon receipt of the discounted payoff, together with a dismissal of any pending foreclosure or other lawsuit affecting the property. The contract should require the lender to provide the foregoing assurances in a writing signed by an officer who has authority to bind the lender. The contract should also contain a deadline for lender approval, as discussed below. It is common for a seller/borrower to solicit offers from multiple buyers. The lender may require the seller/borrower to obtain multiple offers so that the lender can select and approve its favorite one. The important distinction between an offer and a contract can be overlooked in this instance. What looks like an offer could be a contract, and the seller/borrower may have inadvertently exposed itself to liability to each buyer. When dealing with multiple offers or contracts, the parties should consider a "back-up contract" provision to acknowledge that the second (or third or fourth) contract is subject to the termination of the primary contract. Lender Agreements The lender is not a party to the short sale contract. However, the lender, the seller/borrower and any loan guarantor should consider entering into a separate agreement amongst themselves to set forth the terms of the short sale as amongst themselves. This separate agreement should reference the short sale contract and include additional terms governing the parties to the loan. Some of these additional terms include: (i) a representation from the seller/borrower and any guarantor that the short sale contract is a valid, arm's length contract, and that the buyer under the short sale contract is not related to or affiliated with the seller/borrower or any guarantor; (ii) that the purchase price under the short sale contract represents the fair market value of the property; (iii) that following closing, neither the seller/borrower nor any guarantor will have or acquire any direct or indirect interest in the property, and (iv) that neither the

seller/borrower nor any guarantor will receive any proceeds from the sale of the property now or in the future. These provision aim to protect the lender from fraudulent activity. Other considerations to be included in the separate agreement between the parties to the loan include: whether the lender will waive any deficiency balance on the loan; whether the lender will file any tax reporting forms required by law to evidence any forgiveness of debt; whether the parties waive any claims against each other relating to the loan; whether a bankruptcy has been or will be filed by the seller/borrower or any guarantor; and whether any pending foreclosure or other lawsuit will be dismissed. Some of the foregoing provisions benefit the seller/borrower and any guarantor. As a result, all of the parties to the loan can benefit from this separate agreement. Unique Affect on Deadlines Short sales can uniquely affect contract deadlines for inspections and other due diligence items. Generally, real estate contracts will allow a party a limited time to obtain a desired approval or inspection. When dealing with a short sale, an important issue is whether the time periods for deadlines commence when the contract is signed by all parties or when lender approval is obtained. Blindly entering into a short sale contract without considering this issue can leave a buyer in an unfortunate position. For example, if the date of contract execution marks the commencement of the critical time periods, then the buyer may end up paying for a loan application, appraisal, inspection or environmental report even though lender approval is never obtained. The buyer will therefore want to designate lender approval as the commencement date for these time periods. This could also save the buyer from wasting time and expense reviewing association documents, restrictive covenants, existing leases to be assumed at closing, permits and other property entitlements. Conclusion Short sales can be beneficial because they allow the borrower to sell property that is worth less than the outstanding mortgage and allow the lender to get the loan off of its books without the expense and burden of foreclosing and spending additional funds carrying the property until sale. However, the benefit of a short sale can be undermined if the parties do not appreciate the risks and complexities of a transaction with so many moving parts. Rushing into a short sale contract or agreement without this appreciation is therefore

NAPLES

239.963.4093 FORT MYERS

239.728.2143

State Certified General Contractor - Licensed and Insured - CGC024853

UPDATE YOUR BATh into a Spa Retreat

Luxury Home Solutions can transform your bathroom into the private oasis you always dreamed it could be.

trusted Remodeling Specialists for over

30 years

www.MYLHS.com

discouraged. Edward P. Canterbury is an attorney with the Southwest Florida law firm of Henderson, Franklin, Starnes & Holt, P.A. in Fort Myers, Florida. He concentrates his practice in the area of real estate law, including commercial and residential development, acquisitions, finance, survey matters, title insurance and commercial leases. His experience includes representation of developers, builders, governmental agencies, lending institutions, non-profit corporations and national title insurance underwriters. Attorney Canterbury can be reached at 239.344.1275 or via email at [email protected].

12 | May | June | 2011

Michael’s constant companions. If you see us out and about... please stop us and say hello!

Featured PetsName: GlendaID #: 494453Breed: Domestic Short HairSex: Spayed FemaleAge: 2 years oldColor: Cream and white Comments: As my namesake, Glenda the Good Witch of North, would say, “there’s no place like home!” I sure hope it’s true because I’ve been wanting a home of my own for a while. I’m really a good girl and need a good family to love me back. Adoption Fee: $25 during May’s Grand Re-Opening Celebration (all pets may be adopted for half off the regular adoption fee during May).

Special Events Kick-Off Grand Re-Opening Of Pet Shelter!

prol [email protected]

PROFESSIONAL CLEANING INC.

• Residential• Commercial

Leslie MaloneyPresidentOfc (239) 992-2226Cell (239) 580-7914

Licensed & Insured

• New Construction• Rental Property

• Water Damage

Pro-Line BC.indd 1 11/13/07 10:45:28 AM

Specialize in Maintenance Contracts

Name: LinkinID #: 503685Breed: American Bull Dog MixSex MaleAge: 2 monthsColor: White & Brindle Comments: I’m a young, playful, loving puppy that’s going to be a big dog. The good news is there’s lots of love to go around because I have six brothers and sisters that are also available for adoption. A dog that could be 65 to 130 lbs. may sound like more dog than you want but just like any other puppy we need love, training, and attention and we can be awesome family members. The shelter is taking applications on all of us puppies to find us the right home. Adoption Fee: $47.50 during May’s Grand Re-Opening Celebration (all pets may be adopted for half off the regular adoption fee during May).

Following a year of new construction and renovations, Lee County Domestic Animal Services (LCDAS) will celebrate the shelter’s Grand Re-Opening by offering half off the regular adoption fee during the entire month of May! Special May events will kick-off with a “Ribbon Chewing Ceremony” May 18th at 11:00 am with Lee County Commissioners marking the official opening of the agency’s new Spay and Neuter, Lost and Found Pets, and Adoption Centers. Continuing the festivities, the shelter also will host a May Madness Pet Adoption Day on May 21st from 11:30 am to 3:30 pm when all pets may be adopted for only $25! Guided shelter tours of the new facility will be offered both days.

LCDAS invites the public to visit all the pets available for adoption and consider adding a new member to their family. “Despite the economy, people are still adding new pets to their family yet the shelter has experienced a 20% decline in adoptions since January,” reports Donna Ward, LCDAS Director. “We’d like everyone to see the wonderful pets we have here at the shelter before purchasing a new dog or cat from a pet store, she adds.” May’s reduced adoption fees will still include the complete package of services consisting of sterilization, age appropriate vaccinations, county license, microchip ID, worming, flea treatment, a heartworm test for dogs, feline aids and leukemia test for cats, 10 Day Health Guarantee,

and a bag of Hill’s Science Diet dog or cat food. The adoption package is valued at over $500! View the variety of pets waiting to be adopted at www.LeeLostPets.com or head to the shelter at 5600 Banner Drive, Fort Myers next to the Lee County Sheriff’s Office off Six Mile Cypress Parkway. Adoption hours are Monday through Saturday from 11:30 am to 3:30 pm. For more information about pets for adoption go to www.LeeLostPets.com or call (239) 533-7387 (LEE-PETS). The website updates hourly so current information is always available. If you are inquiring about a pet you have seen online, please have the animal ID number ready for faster assistance.

Florida Veterinary Referral Center & 24-Hour Emergency and Critical Care (FVRC) hospital is celebrating their 5th anniversary. Their 35-member staff provides emergency and specialty medical and surgical care in Lee and Collier counties as well as Charlotte, Hendry and Glades counties. The medical staff at FVRC specializes in emergency and critical care medicine, surgery, orthopedics, neurosurgery and soft tissue surgery as well as internal medicine, radiology and oncology. It should be noted that the hospital has on staff the only board certified veterinary reproductive specialist in the entire state of Florida. In addition, Dr. Joshua Parra, FVRC’s Medical Director

states “Through an internship program, we provide advanced training in small animal medicine and surgery for veterinarians from all over the country. In today’s economy, we are proud to say that FVRC continues to create new jobs in Lee and Collier counties.” Dr. Parra, who is currently the Vice President of the Caloosa Veterinary Medical Society, attributes the success of FVRC to the hospital’s highly skilled medical, technical, and administrative staff and the support of veterinary community. In addition, he expresses his gratitude to the thousands of clients who have entrusted their beloved pets’ care and convalescence to FVRC.

Plans are now underway at FVRC to establish a residency training program for veterinarians wanting to specialize. “New medical services and treatments are also being reviewed for implementation to better serve the region’s veterinarians and our clients who are in need of specialized or emergency care” according to Dr. Parra. As a part of their 5th anniversary celebration, FVRC is scheduling public tours of their state-of-the-art facility located in the Estero Park Commons. Appointments for these tours can be made through the hospital’s reception office. You can find FVRC on the web at www.flvrc.com or call (239 )992-8878

Florida Veterinary Referral Center Celebrates Fifth Anniversary

May | June | 2011 | 13

May / June Events

Important “239” Numbers

eMerGeNCYPolice, Fire, Medical ...................................... 911Lee County Ambulance (Non Emergency)...............................................................335-1600Lee County Sheriff (Non Emergency)...............................................................477-1200lee CouNTY eMerGeNCY MANAGeMeNT(Weather & Disaster Spills) ..................477-3600Poison Control Center ....................800-282-3171HosPITAls:North Collier Hospital.............................513-7000Health Park Hospital ..............................433-7799CHAMBer oF CoMMerCe (Local Area):Bonita Springs Area ..............................992-2943Estero Area ...........................................948-7990lIBrArY (local Area):Bonita Public Library .............................992-1043Estero South County Regional Library ..390-3200lICeNse (Lee County):Animal License .....................................432-2083Boat Registration/Fishing License .........339-6000Drivers License .....................................278-7192VeHICle reGIsTrATIoN - Lee County...............................................................339-6000VoTers reGIsTrATIoN ...................339-6300

Bonita Springs • Estero • Fort Myers • Naples

MeDICAl (Lee & Collier Counties):Gulf Coast Hospital - Ft. Myers .............768-5000Lee Memorial Hospital - Ft. Myers..........332-1111North Collier Hospital (NCH)Downtown Naples .................................552-7000North Collier Hospital (NCH)North Naples .........................................436-5000Poison Control Center ...................800-282-3171NeWsPAPerBonita Banner ....................................... 765-0110Coconut Point Press .............................777-0473Ft. Myers News Press ...........................335-0233Naples Daily News ...............................992-3609 PuBlIC sCHools (Lee County):Edison Community College ...........800 -749-2322Florida Gulf Coast University ..........800-590-3428School District of Lee County ................ 334-1102reAl esTATe serVICesMichael Burke P.A., Keller Williams Elite Realty...............................................................498-7600Homestead Exemption - Lee County.....339-6120Property Appraiser - Lee County ...........339-6100soCIAl seCurITY ......................800-772-1213souTHWesT FlorIDA INT’l AIrPorT...............................................................590-4800

TrANsPorTATIoNAirport Shuttle Service ..........................216-7777Greyhound ............................................ 334-1011Lee County Bus Transit ........................533-8726u.s. PosTAl serVICeLee & Collier Counties ....................800-275-8777uTIlITIes (Lee County):Embarq ..........................................866-304-6820eleCTrICFlorida Power and Light..................800-262-1322FlorIDA reCYClING & WAsTe ......332-8500GAs serVICe - Teco (Peoples Gas)........................................................877-932-6747solID WAsTe - Lee County ...............338-3302TelePHoNe Sprint (Bonita) ................................800-699-0728Sprint (Lee County) .......................800-339-1811TV CABleComcast ........................................800-432-4770Time Warner .........................................574-2020WATer/seWerBonita Springs ...................................... 992-0711Unincorporated Lee County ...........800-485-0214VeTerINArIANsFlorida Veterinary 24-Hour Emergency........................................................239-992-8878

Bonita Farmers’ Market (Bonita springs)May, Sat 7am-12pm located in The Promenade with over 75 vendors.

Art Walk: (Bonita springs)May 26/June 30, 4-7pm. Evening of art and entertainment in the center courtyard in The Promenade.

Miromar outlet ski show: (estero)May/June, Sundays 4-6. Southern Extreme Water-ski team performs exciting shows. Free.

Germain Arena: (estero)For info, shows call (239) 948-7825 or visit www.GermainArena.com.

Coconut Point Mall: (estero)Live entertainment located at Plaza Del Lago Dr. patio.

Miracle – Minor league Baseball: (Ft Myers)May/June. Hammond Stadium, 14100 Six Miles Cypress Pkwy, Ft Myers. For schedule and tickets visit www.miraclebaseball.com or call (239) 768-4210.

Gulf Coast Town Center in the Market Plaza Courtyard: (Ft. Myers)Weekend Concert series. May/June, Friday & Saturday, 7-9pm. Cinema under The stars. June, Tuesdays, 8:30pm. For schedule of concerts and movies visit www.gulfcoasttowncenter.com.

Broadway Palm Dinner Theater: (Ft. Myers)For info and listing of shows visit www.BroadwayPalm.com or call 239 278-4422

Barbara B. Mann Theatre: (Ft. Myers)For info, and further shows visit, www.bbmannpah.com/index.php or call (239) 481-4849.

First Friday Concert: (Naples) May 6, Friday 6-9pm. Live music at the Mercato

Historic Palm Cottage & Norris Gardens: (Naples)May/June, Tues-Sat 1-4pm. (239) 261-8164.

Historic old Naples Walking Tours: (Naples)May/June, Wednesdays 10am, Reservations Required. Walk along and listen to the history of Naples in the late 19th century. www.napleshistoricalsociety.org/third-street.htm.

Third street Farmers Market: (Naples)Saturday’s in May/June 7:30–11:30am. Located 1220 3rd St S. – parking behind Tommy Bahama’s. 239-434-6533.

Third Thursday on Third: (Naples)May/June, 6-9pm. Music and entertainment in the courtyards and plazas of Third St

Philharmonic Center: (Naples) 5833 Pelican Bay. For more information and current shows visit www.philtickets.org/tickets/index.aspx or call (239) 597-1900.

14 | May | June | 2011

Featured ColumnistThis column is produced by the Financial Planning Association andprovided by Al Procaccino, a member of FPA and Certified FinancialPlanner with Castle Financial.

www.castlefinancial.com For a free consultation call: (239) 947-9255

Navigating Medicare And Medigap A standardized Medigap policy typically is guaranteed renewable, which means that, as long as you continue paying premiums, an insurer cannot use your health status as a rationale for cancelling the policy. Most adults become eligible for Medicare on the first day of the month they turn age 65. Whether you need to sign up, and how to go about doing so, depends on the type of coverage you select and whether you collect Social Security benefits prior to becoming eligible for Medicare.Medicare Eligibility If you have already started receiving Social Security benefits before your 65th birthday, you don't have to sign up for Medicare Part A or Part B. Part A is basic hospital insurance; Part B helps to pay for medically necessary services such as doctor visits or outpatient care. You automatically become eligible on the first day of the month you turn age 65. Premiums for Part B (there is no premium for Part A) will be deducted automatically from your Social Security check.If you are not receiving Social Security benefits, you will be required to sign up for Part A and Part B. Contact your local Social Security office three months in advance of your 65th birthday to start the process. If you still receive medical insurance from another provider (such as your employer or your spouse's employer), you can wait to sign up for Medicare. To avoid paying a higher premium, you will be required to enroll during the eight-month period that begins during the month your employment ends or the group health coverage ends, whichever is first. Note also

that you may be assessed with higher premiums if your modified gross adjusted income is over $85,000 for single filers and $170,000 for married couples filing jointly.Medicare Part C and Part D Both Medicare Part C (Medicare Advantage) and Part D, which is prescription drug coverage, are provided by private insurers whose plans are approved by Medicare. You can get information on these providers on the Medicare Web site (www.medicare.gov). You can sign up for both Part C and Part D when you first become eligible for Medicare. You can also sign up between January 1 and March 31 or between November 15 and December 31 each year. Even if you don't currently have many prescriptions, you may want to consider signing up for Part D as soon as you become eligible. If you wait and try to sign up during a subsequent enrollment period, you may be charged a late enrollment penalty and be forced to pay higher premiums.Supplementing With Medigap Many retirees supplement their Medicare coverage with Medigap plans, which are sold by private insurers. The state where you live may determine the type of plan available to you. It's important to note that these policies do not cover long-term care, vision care, dental care, hearing aids, eyeglasses, prescription drugs, and private-duty nursing. If you anticipate ongoing use of these services, you may need to obtain another form of insurance or pay out of pocket. When you sign a contract for Medigap insurance, you usually permit the insurer to access your Medicare

Part B claim information directly from Medicare and to bill your health care providers directly. In certain instances, Medigap providers will manage claims for Medicare Part A as well.Your Rights as a Medigap Beneficiary Medigap policies cover only one individual, which means that for couples, each partner needs to purchase a separate policy. The best time to purchase a Medigap policy is during the Medigap open enrollment period, which lasts for six months after you are both age 65 or older and enrolled in Medicare Part B. During this period, an insurer cannot refuse to sell you a Medigap policy or impose a surcharge because of your health status. A standardized Medigap policy typically is guaranteed renewable, which means that, as long as you continue paying premiums, an insurer cannot use your health status as a rationale for cancelling the policy. If you were diagnosed or treated for a pre-existing medical condition within six months prior to a Medigap policy taking effect, an insurer can make you wait up to six months before providing coverage for the condition. In certain instances, if you had health insurance coverage during the six-month period before the Medigap policy takes effect, the waiting period may be eliminated or shortened. This column is provided through the Financial Planning Association, the membership organization for the financial planning community, and is brought to you by Al Procaccino, a local member of FPA.

ReseRve online at www.extRaspace.comoR call 1-888-stoRage (786-7243)*Offer is based on unit availability on new rentals by new customers only. This offer is only valid with presentation of this coupon upon rental. Offer excludes applicable administration and insurance fees. Not valid withany discount offers. Offer has no cash value. Features vary by location. Void where prohibited. See manager for details. ©2010 Extra Space Storage LLC. Marketing Code: COCONUTPOINT Offer expires August 31, 2011.

Super-advanced Storage made Super eaSy 8420 Murano Del Lago Dr

Bonita Springs, FL 34135(239) 498-5207

TWO MONTHS

Hurry, offer expires August 31, 2011! See manager for details.

extra Space Storage of BonIta SprIngS

When you want to store your belongings in an ultra-friendly,

worry-free environment, Extra Space Storage is the industry

leader. We’re raising the standards of self storage with

clean, green facilities and hi-tech operations. Come see

why more and more customers are picking us as the safe

and easy choice.

FREE!

> Individual door alarms

> Professional on-site management

> Free moving truck

your experIence IncLudeS:

Follow us on Facebookfacebook.com/extraspace

Follow us on twitteRtwitter.com/extraspace

41

Coconut Rd

Pelic

an

Colony

Blvd

S T

amiam

i

Trl

MuranoDel Lago Dr

Our # 1 Priority is Customer Satisfaction!

check us out on the web WWW.MOVEFLA.COM

Serving Lee, Collier, and Charlotte Counties Since 1981!

Fully Licensed and insured …Fla. Registered No. IM 218 & 219

ICC Carrier MC 220489 DOT 360723 ICC Carrier MC 220489 DOT

• Moving & Storage

• Local & Long Distance

• International

• Residential & Commercial

• Free stretch wrap & Quilt pad wrapping

• Moving Cartons for sale…we deliver

• Experts in Packing & Crating

• Piano and Pool Table Specialist

• Up to 68% off Interstate Moves

• 20,000 SqFt. of Air Conditioned Storage

(800) 226-4663 TOLL FREE (239) 939-7983 TEL (239) 939-5721 FAX5607 8Th STREET WEST, LEhigh AcRES, FL 33971

May | June | 2011 | 15

Puzzle Answers from page 5

Better Golf with ‘The Golf Doctor’By Mike Calbot “The Golf Doctor”Golf Swing Analyst & Master Golf InstructorDirector of Instruction at Old Corkscrew Golf Club239.482.0900 - www.golfdoctorusa.com

Improve Your Score With A Better Short Game

Serving all of FloridaNaples, Bonita Springs,

Estero & Ft Myers(239) 784-6516 phone

(239) 331-4806 [email protected]

Jeanette JollyMortgage Specialist

One of the easiest ways to shave strokes off of your game is to improve your short game. Half of your score develops here, so if you can reduce the amount of shots lost around and on the green then your score will improve. Lets choose putting for this tip. Putting is technique mixed with feel. You have to feel comfortable while also using simple basics. To start your eyes should be over the ball. A simple way to test this is to grab an extra ball, hold it in your hand while you set up and then raise the ball to your eye level and drop it. If it lands directly over your putter, you are in great shape. If it lands anywhere else you need to make the proper adjustment. Next you need a putter that feels comfortable to you and to your eye.

Some people love putters with as many lines as possible and some choose putters without any. There are blade putters, the classic putter with a small flange on the back and mallets, it’s up to you. Your stance should be comfortable with your weight evenly distributed with the ball in the middle to front of your stance with your eyes over the ball and your arms should be loose while making a triangle once you grip your putter. While it’s fun to go the range and hit as many golf balls as you can as hard as you can, if you just take some extra time at the green and work on those 2 and 3 footers and also 20+ footers for feel you will be very happy with the changes in your game. Best of Luck.

How To Make Moving Easier On Your Kidshome. Here are some tips from the moving experts at Penske truck rental (www.PenskeTruckRental.com) for helping your children adapt to a new place, along with some practical moving advice for families: * Open a line of honest communication. It can be hard to tell your kids that they'll be moving, but making sure that they know they can talk about how they're feeling about the move is important. * Help them say goodbye. Organize a going-away party for your children and their friends, and work with the parents of their friends to gather contact information so they can keep in touch after you move. * Pack a first-day box. Have each child pack a box of things that they will want the first day you move into your new home, like favorite toys, books or

stuffed animals. Have the movers pack these boxes last so they are the first thing that is unloaded when you arrive. For more helpful moving tips, visit www.pensketruckrental.com.

(ARA) - When adults decide to move, it's often to pursue an exciting opportunity or discover a new place. But for children, moving can be much harder to understand, as often they've only known one place as

16 | May | June | 2011

Date post:	22-Mar-2016
Category:	Documents
Upload:	coconutpointrealestatecom
View:	217 times
Download:	2 times

CCP May - June 2011

Documents