What is a bundled golf community?

What is a bundled golf community? When considering the question, there is a simple answer with several benefits and potential downfalls to consider. A bundled golf community exists when the golf club membership is included or “bundled” with the purchase of a home or condo. Although annual membership dues are still required, there is typically no up front initiation fee. In addition to golf privileges, the annual membership dues give you access to other club amenities that may include tennis, pool, fitness center, clubhouse dining, and other social activities.

Benefits:

  • More affordable option
  • Transferrable membership to renters or to new owners with the sale of the home
  • Ideal for recreational golfers who only play 2-3 times per week

Potential Downfalls:

  • Typically there are a lot of members because every household in the community has a membership and each household has potentially more than one resident
  • Golf course may be very busy thereby limiting tee time choices
  • Not ideal for avid golfers who want to play every day with varying tee times that accommodate their schedule
  • Not ideal for people who don’t golf or who don’t plan to use other clubhouse

Is a Bundled Golf Community Right for Me?

To answer this question you should consider the following:

  • Do you play golf? If not, then you need to understand that you will be paying for golf facilities regardless of your interest in the game. If you don’t intend to play then the next question should revolve around whether you plan to use other club amenities including social engagement events.
  • How many residences are in the community? For every front door there are potentially two golf members. If there are 500 front doors that could mean 1000 golf members vying for the desirable tee times and that can mean not always getting to play on your preferred day or time.
  • What is their reciprocal golf program? This question is especially important for year round residents who want to explore other golf courses and social outlets in Southwest Florida. In the six months between May and October that constitute the off season in Southwest Florida, many private clubs participate in reciprocal programs that welcome members of partnering clubs to play on their courses and dine in their clubhouses.

Overall, bundled golf communities can offer great advantages for seasonal and year round residents alike, as well as investors, and those who appreciate having a vested and shared interest in the prosperity of the community. It all depends on what your golfing needs and social goals are.

Source: John R Wood Blog – Ashley Wells

 

Priciest Homes for Sale in Southwest Florida!

Priciest Homes for Sale in Southwest Florida – It’s no secret that Southwest Florida is home to some of the wealthiest individuals in America, including six of the world’s billionaires, so it should come as no surprise that it’s also the destination where you will find some of the most impressive waterfront estates and the priciest homes for sale in Florida.

As of February 2017, PropertyShark.com reported on 10 of the most expensive homes in Florida which span from Hobe Sound and Palm Beach to Manalapan and Miami, down to Key Largo and back across to Naples, Florida. The highest price home tops out at $195 million.

In Naples, our very own Port Royal listing located at 2750 Gordon Drive took the number 10 spot for this article with a listing price of $58 million but has since been bumped by 3100 Gordon Drive, which now holds the title as the priciest home for sale in Southwest Florida at $65 million.

 

Priciest Homes for Sale in Southwest Florida

3100 Gordon Drive

Of the priciest homes for sale in Southwest Florida, this masterpiece is also described as one of the most significant beachfront residences ever created along the Gulf of Mexico. This Island-Colonial mansion is brilliantly orchestrated to capture stunning Gulf vistas that sweep out beyond an expansive 277-foot length of private beach. Crowning 4.08 acres and 15,995 square feet including a 93-foot terrace, 66-foot pool with spa, and a 7-car collector’s garage all designed by Smith Architectural Group and constructed by Newbury North Associates.

Click Here to See Photos of this Home

 

Priciest Homes for Sale in Southwest Florida

2750 Gordon Drive

Named La Capanna, this beachfront estate, designed and crafted by A. Vernon Allen Builders, presents an old world Italian renaissance ambiance that lives like a Mediterranean seaside resort. Beyond a gated entry, park-like grounds part to reveal a palatial 18,172 square foot estate home that includes a home theater, beachside game room, fitness center, infinity edge pool with cabana and a pergola covered spa, plus a guest house, 5-bay collectors garage, 500-bottle wine room, and state-of-the-art electronics with whole house Crestron automation.

As for the health of the multi-million-dollar luxury real estate market, “$5 million to $10 million homes have been selling almost every day since the Super Bowl,” said Bill Earls, listing agent for both Naples estates and top producing realtor with John R. Wood Properties. According to Earls, the high-end market is coming alive again following a dramatic election period.

Click Here to See Photos of this Home

 

By Ashley Wells  |   March 28, 2017

Airbnb rental in Trump Tower condo got rave reviews until this happened…

A luxury apartment in the Trump Tower had been listed on Airbnb and received raving reviews from its guests until the bomb dropped! Not a real bomb, but the truth of what was actually happening in the Trump Tower isn’t much of a secret anymore.   This story made it into The New York Times! The mayor of NYC even took matters into his
own hand to investigate the rumor of a luxury apartment in the tower being rented for about $300 to $450 a night which is surprisingly illegal.

A New York state law can actually fine people who rent out their entire home for less than 30 days.   These Airbnb renters were made known of the address after they booked their stay and reportedly were asked to tell others that they were simply “guests of the apartment owner”.   This is a clear violation and the city decided to only enforce the law against the home owners and not Airbnb.

One renter was a software engineer from England whom stayed in the apartment in December.  He described his stay as “surreal” because he heard protesters outside the Trump Tower shouting up to the building.  Another renter’s stay was canceled in April once the homeowner/host learned of his true intentions: to write an article about his stay in the Trump Tower.   The apartment was listed from September 2016 to March 2017.

2nd Year in a Row Naples is named Happiest, Healthiest City in U.S.

Pack a swimsuit and head south to reach the nation’s healthiest and happiest city.

For the second year in a row, Naples, Florida, and the nearby communities of Immokalee and Marco Island take the No. 1 spot in the Gallup-Healthways State of American Well-Being 2016 Community Rankings, released on Tuesday. The report measures how residents of 189 U.S. cities feel about their physical health, social ties, financial security, community and sense of purpose.

The top 10 U.S. communities with the highest well-being are:

1. Naples–Immokalee–Marco Island, Florida

2. Barnstable Town, Massachusetts

3. Santa Cruz–Watsonville, California

4. Honolulu, Hawaii

5. Charlottesville, Virginia

6. North Port–Sarasota–Bradenton, Florida

7. San Luis Obispo–Paso Robles, California

8. Lynchburg, Virginia

9. Hilton Head Island–Bluffton-Beaufort, South Carolina

10. Boulder, Colorado

Original Post: http://www.today.com/health/2nd-year-row-naples-florida-healthiest-city-us-t10891

How to Find the Right Golf Club Community

Naples is the golf capital of the world, but how do you find the right golf club community for your style of play and living?  With at least 1200 golfing communities in Florida to choose from knowing where to start your search for golf communities in Southwest Florida can seem like a daunting task. Now you can get the guidance of a luxury real estate professional combined with the expertise of PGA golf professionals.

Golf Life Navigators and John R. Wood Properties have announced their partnership to provide client’s with expert resources that ensure the perfect fit when choosing a new home and golfing community in Southwest Florida.

Golf Life Navigators was originally formed by several PGA golf professionals who recognized the unique needs of people looking for golf communities in Florida each year. They developed an extensive survey process to help clients pinpoint three of the best choices based on preferred lifestyle, golf ability, and other relevant factors. They also took into account that the needs of the husband and wife might be quite different. Once the golf club needs have been identified, John R. Wood Properties can step in to provide expert assistance locating the perfect piece of luxury real estate within the target communities.

Seems like a match made in heaven to us!

The post How to Find the Right Golf Club Community appeared first on Naples Florida Real Estate Blog.

The Ritz-Carlton Awarded 5 Stars by Forbes Travel Guide

Forbes Travel Guide has once again honored The Ritz-Carlton, Naples, with a Five Star Award.  It is considered to be placed in an elite group of only 175 five-star hotels worldwide. This is the 27th time that the Ritz in North Naples has received the five-star designation since it first opened in 1985.

The Ritz-Carlton Golf Resort, The Ritz-Carlton Spa, and The Grill in Naples received four stars.  As  The Inn on Fifth in downtown Naples also received four stars for the third year in a row and 23 Florida hotels earned four stars this year!

The Ritz-Carlton, North Naples

The Inn on Fifth

Gift Certificates for Naples Originals Restaurants

Naples Originals offers a broad range of culinary style, service and ambience. They believe that a vibrant, independent restaurant community enhances a city’s culinary and cultural strength, and makes it a better place in which to live.

They seek to raise awareness and patronage of independent restaurants as well as all locally-owned and operated businesses. Research shows that every dollar spent at a local, independent business returns three times more money to the local economy than one dollar spent at a chain.

Explore all those things that make Naples such a special place and enjoy the unique flavors of our original restaurants.

You can also purchase gift certificates  this selective list of Naples’ Original Resturants here: http://www.naplesoriginals.com/gift-certificates/

Alexander’s
Barbatella
Bayside Seafood Grill & Bar
Bistro 821

Blueberry’s
Blue Monkey Bar  & Grille
Boston Beer Garden
Brook’s Gourmet Burgers
Chez Boet French Home Cooking
Ciao
Crave Culinare
Fish Restaurant
HB’s on the Gulf at Naples
IM Tapas
KC American Bistro
Kitchen 41
Komoon Thai Sushi & Ceviche
Lamoraga
MiraMare Ristorante
M Waterfront Grille
Noodles Italian Café & Sushi
Old Naples Pub
Pelican Larry’s Davis
Pelican Larry’s North Naples
Pelican Larry’s Pine Ridge
Real Macaw
Ridgway Bar & Grill
Riverwalk at Tin City
Sunburst Café
The Dock at Crayton Cove
Three60 Market
Village Pub
Zizi Restaurant

John R Wood makes speech at JRW annual awards ceremony

February 27, 2017 (Naples, FL) – Nearly 60 years after Founder, John R. Wood, opened the doors of his first real estate office, over 150 agents across 13 offices in Southwest Florida were recognized for top performance in more than a dozen distinguishing categories that comprise the John R. Wood Properties Circle of Excellence Awards. The awards breakfast, which was held at the Naples Grande Beach Resort on February 22, 2017, was underscored by the attendance of its legendary Founder and Chairman of the Board, John R. Wood.

The three-hour breakfast began with a poignant video tribute that inspired laughter and appreciation surrounding the realities of the real estate profession. Special presentations were shared as individual introductions of the honorees were announced. The camaraderie between agents, staff, and managers was evidenced in the level of networking as well as through the supportive applause and standing ovations as awards were presented to fellow agents.

The now 87-year-old John Wood, who recently lost his wife of almost 66 years to cancer, quietly watched the ceremony unfold. When the awards were complete, he made his way to the stage to address the family of Realtors and staff before him. Ever the southern gentleman and family man, Mr. Wood began his speech with humbled gratitude at the success and growth of his company over the years. He reminisced about the opening of his first office in 1958 when there was only one Realtor employed. He then gave a touching tribute to his late wife and the many contributions she made to the company over the years. To close, he offered singular appreciation to each and every individual in the room for creating the amazing entity that now comprises John R. Wood Properties.

“The success of this company is because of every single one of you in this room,” said Mr. Wood. “Every single one of you. And I thank God for each of you.”

The entire banquet hall was on their feet with applause and palpable emotion. The energy within the room was a testament not only to the unique company dynamic, but also the ultimate reverence felt for a man who remains a living legend in the real estate community and especially to his family of over 500 Realtors at John R. Wood Properties.

Below is a list of the John R. Wood Properties 2016 Circle of Excellence Awards presented at the Annual Awards Breakfast

January 2017 shows increase in sales

January 2017 saw an overall increase in sales.  2016 may have been a rough year in the real estate market, but the price dips in home sales is not worrying Realtors after all.  NABOR, Collier County’s Realtor association, reports continuously track the sales in Collier County which includes mostly re-sale homes and rarely new home sales.

The median home price is down just 8% from last year during January,  but we will see these prices rise.  They will slowly start to peak once again.  Pending sales were up 9% this year and closed sales were up 6% compared to January 2016.  Making this the first dual-rise since March 2015!

January seems to be off to a good start since the hype of the Presidential election has somewhat settled and the momentum of the tourist season continues to grow.  This will surely support the consumer confidence in the marketplace and closing should continue to rise.

Inventory of homes and condos is up 26% from 5,100 to 6,400. There is still so many properties to choose from, making it a buyers market. This may be a reflection of asking prices being too high and why we saw many price reductions during the last year.  However, if homes are priced right when first listed, it should attract buyers and the offers will follow.  This is the perfect time to sell regardless if it is a buyer’s market.

 

2017 legislative priority: Time to cap estoppel fees!

A seller and a buyer are under contract for a condominium, a loan has been secured, inspections have been performed, and the closing documents have been delivered when the seller notices a $600 fee for an estoppel certificate.

Now the seller is asking what this certificate is and why it costs so much. Things get even more difficult once the seller finds out their friend, who lives in another community association, only paid $100 for an estoppel certificate a couple months back.

“I’ve been involved in these situations many times over and have many colleagues who can attest to the problems caused by excessive estoppel fees,” says Ben Friedlander, a St. Petersburg-based Realtor®. “The really sad part is that there are some association management companies out there that charge a reasonable fee. It’s the bad apples that are charging many hundreds of dollars that have turned this into such a problem.”

So what exactly is an estoppel certificate and why have Realtors made the fees charged for it a priority for the upcoming legislative session?

An estoppel certificate provides a snapshot of the fees or assessments that a seller may owe to their community association and is provided by the association or management company when the condo or home is being sold. In Florida, property owners are jointly and severally liable with the previous owner for fees and assessments that may be due to their community association. Therefore, when someone buys a property that is in a community association, they need to know what is owed, if anything, so that amount may be collected and applied at closing.

Florida law allows associations to charge a “reasonable” fee to prepare an estoppel certificate, but some association management companies have turned this into a profitable revenue stream by charging very unreasonable fees. Sellers often don’t learn about these charges until they receive the closing documents. They have no option but to pay the fee, and they do, because they cannot get the certificate from anywhere else – only from their community association. Instead of filing a complaint about the fee, the seller moves on since they no longer live in the community.

Florida Realtors is working to restore fairness and predictability to real estate transactions by supporting legislation that caps estoppel certificate fees and establishes a uniform, statewide format that ensures buyers and closing agents receive the appropriate information needed to close the real estate transaction.

“A real estate transaction is already a complex enough affair laden with different fees and costs for both the seller and buyer,” Friedlander says. “The last thing we need is for this spiraling problem to spin further out of control for home sellers. A cap on these fees is long overdue and we hope to see this relief delivered this spring.”

Original Post: http://www.floridarealtors.org/NewsAndEvents/article.cfm?p=3&id=348627