3 Bed House for sale in Naples, South West, United States

Investors – Below are details on brand new deal released in Naples Florida. This is a really high end luxury property located less than 3 miles from the Gulf of Mexico beach. In 2005/2006, these townhouses sold for over $500,000. Replacement costs per unit are in excess of $325,000. About 2 miles away from the development is an outdoor shopping mall with very high end boutique shopping including Louis Vuitton, Prada, Gucci, Burberry, Tiffany’s, Rolex, Saks Fifth Avenue, etc. The location is without question one of the most exclusive zip codes in the entire United States. All units are currently rented providing excellent cash flow for investment. Limited number of homes released by the bank. Full information provided below Naples Florida BANK APPROVED Luxury Residences from $185,000 - (Public Pricing from $225,000) *Minutes to Gulf Beaches and Designer Shopping* Investment Analysis The opportunity presented is without question the most high profile property we have ever been involved with in Florida. The units on offer here come directly from the bank at prices well over 50% BELOW BUILD COSTS in arguably the most exclusive city in America -- Naples, Florida. In 2004-2006, Naples Florida led the United States in capital appreciation with the property market seeing 30-35% gains per annum and prices within this development soaring as high as $555,000. With the bank eager to close a large portion and show the loss on the balance sheets, they have offered us the units in bulk starting from $185,000. Brand new inventory, in Naples, within 3-4 miles of the beach under $200,000 or $100 USD per square foot does not exist. We feel strongly that once mortgage financing is available in the near future, these units will fetch $235,000-$275,000 and we can see $60,000-$70,000 in built in equity. Naples Florida is the only market in the country where we have seen multiple large National Homebuilders acquire land and begin building spec homes. Lennar, DR Horton, and Taylor Morrison have all recently closed on large sites in Naples paying more than $75,000 per plot and releasing retail pricing in the current market starting from $350,000 USD. Situated in a prime Naples location Developer sold 71 units for between $450-$550,000 on completion 3 and 4 bedroom luxury townhouses Final 30 units now available Priced around 50% below build costs! (IE it would cost 50% more for a developer to build these units again!!) Superb deal for cash investors Rents of around $1700 - $1800 pcm Low community fees Once site sells out bank will finance against these - huge resale potential Units selling locally on the ground KNIGHT KNOX EXCLUSIVE At present, the development is 100% occupied and has averaged over 95% occupancy rates for the last 24 months. As the market firms up across South Florida, the largest concentration of demand is through those looking for a combination of investment but also something that they can look to use as a luxury second home at some point in the future. Inventory levels across Naples are considerably lower than any other major destination city in Florida and will without question be the first geographic area to come out of the downturn. Many experts feel that the bottom of the Naples market has passed us, however values are still too good to pass up and will not be around long. Contact us if you are looking to make one of the safest and most lucrative property investments in Florida at this time... body { background: #FFF; }