January | February | 2011 | 1 FEATURED PROPERTIES 1592. Beautiful 4 bedroom + den, 4.5 bath, 3-car garage, 3327 s.f., 6874 total s.f. Ideal for both family and friends with a large open great room floor plan. Immediately upon entrance through to the grand great room’s disappearing sliders offers gorgeous expansive lake views. Detailed throughout with tile on diagonal, variety of tray ceilings with crown, accent in-lays, window treatments, high impact windows, 2-zoned HVAC. Gourmet kitchen, rich paneled cabinetry in a glaze finish, built-in paneled appliances, wall oven, cook top, granite counter tops, decorative backsplash tile and breakfast nook with stunning miter windows offering picturesque water views. Expanded paver lanai with built-in summer kitchen, grill, heated pool/spa, waterfall, pool bath, outdoor shower and accented outdoor lighting emphasizing the landscaping. All guest bedrooms with private baths, with one offering a convenient private entry to lanai. Vast master suite, French door entry to lanai and exquisite bath, his/her vanity, center tub, 2 dramatic archway entries to walk-in shower with views to the tropical garden atrium . Offered at $1,195,000. Call Michael 239 498-7600. 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 $1,190,000. Call Michael 239 498-7600. Shadow Wood At The Brooks. Bonita Springs November | December | 2009 | 1 D. Michael Burke, p.a. Estero /Bonita Springs/Naples Luxury Real Estate Expert ESTERO | BONITA SPRINGS | NAPLES .com JANUARY | fEBRUARY 2011 T o havYoHomFatd In thNxt ICaD. MichaBk, P.A. 239.498.7600 F T M Y E R S F P R M T N O 8 1 5 e l l e r W I l A M s e l I T e A l T Y 2 4 8 S o u t T a m i a m T r a i l , S u i t e o n t a S p i n g s , F L 3 4 1 3 4 T o : Will 2011 Mean a Stronger Housing Market? Shadow Wood At The Brooks, Bonita Springs By the end o2010, real estate proessionals in Southwest florida began to see the light at the end othe tunnel. for some, activity increased and positive signs were seen. for others, the numbers still appeared dim, but there were indicators that recovery could be on the horizon. The point is we really have no wayoknowing how long this recoverywill take, but we can depend on our knowledgeable realtors to give us some good predictions to consider. from residential to commercial, here are some predictions or you to digest and thinkabout in 2011. RESIDENTIAL In 2010, residential real estate sales picked up as the year went on. All signs that point to a stronger market in 2011. There’s always a discrepancy between price points — what the bank thinks its worth and what the owner is willing to pay — but it seems like they somehowget the deal done. Overall, prices should still be avorable or buyers over the next 12 months, and likely won’t increase much this year. This season, snowbirds began to purchase Southwest florida properties as early as October and November 2010. Harsh winter weather up North could continue seasonal purchases earlythis year prices may begin to rise. foreclosures should continue this year as banks resume procedures. Howlong this economy’s recovery takes is going to determine how many people get caught up in this web. That’s the wild card. I don’t think anybody can predict how much longer we have to go on the oreclosures. The residential landscape should improve in 2011, thanks to an inux ofinternational investors and those who are paying cash or properties. Though people are still struggling, more jobs are becoming available and buyers are beginning to eel more comortable in the market. Prices probably won’t rise much this year and short sales will continue to dominate, she said. In terms ophysical signs othe oreclosure crisis, Overall, the market will hinge on larger trends. Homeowners who have stayed aoat the last few years but have now exhausted reserves could begin to deault on their mortgages. The next 12 months will be a transition phase. As the rst baby boomers turn 65 this year, they should be looking to take advantage olow prices in our area. We’re going to benet from the fact that we crashed rst in the nation. But problems still lie in perception. Some in the industry ocus on what used to be, instead oembracing the new market. COMMERCIAL The commercial market generallylags behind residential and could reach bottom by the end othis year or early2012. There is a concern that, accordingto the National Association oRealtors, $310 billion worth ocommercial real estate mortgages came due in 2010, and that number is estimated to rise to $500 billion this year. In 2012, the amount coming due in mortgages may then more than triple over the previous year. Propertyowners who don’t have cash to put down could lose spaces to oreclosure, while landlords continue to drive down price as they attempt to lure tenants across town with lower rents. The 2011 commercial market looks less promisingthan 2010 and 2012 could be worse. Unortunately , it’s all part othe natural order ocorrections. Stabilization will be the key to 2011 and with the bulkolayos in the past and new jobs on the way, the slow recovery should spread to the real estate market as well. During 2009 and early 2010, some commercial buyers, particularlyinvestors , sat on the sidelines, waiting to see how the market would react to the shake-up. But toward the end o2010, those people started to become active again, especially in purchasing bank- owned spaces. Though sales numbers are still lackluster, positive absorption rates signal recovery and absorption should continue in 2011, helping values to stabilize. Continued stabilization this year should persuade banks to begin loaningagain. When the banks begin to loosen up, that’s going to be a good sign othe beginning oa recovery . Recovery will be slow because people aren’t lettinggo oboom-time market percep tions. This year, the market should continue to bounce along the bottom and become stronger as inventory continues to be absorbed. Commercial rents will spike dramatically and the market will see a shortage ospace. It will likely also take a ew years beore new commercial construction hits the ground, he said. for construction to rebound, we have to see positive job growth, we have to see a riendlier lending environment and we have to see a more optimistic outlook rom developers and investors. Let me help you embrace this newmarket! Whatever your goal may be –buying or selling a property – I can help you get it done in 2011! Call me todayat 239-498-7600 or email Michael@ CoconutPointRealEstate.com.
