Old Naples Real Estate Market Update - Naples, Florida
By Shannon Lefevre, Shannon Lefevre, PA Your Naples Smart Girl
(John R. Wood Properties)
I received an email today from a gentleman located in the New York area who inquired about single family homes in Old Naples. He's looking for an Old Naples deal much like many people who are secretly crossing their fingers that the real estate crunch might effect even the crown jewels of the Naples, Florida luxury areas. Hoping to find a single-family tear down around the $500,000 price range, unfortunately for him, the lowest priced single-family homes start at $695,00 for the bottom of the barrel and increase to $699,000 for next in line and then third least expensive coming in at $799,000. Although all of these are livable for now...I suspect somebody will come in and purchase these little gems, stay/visit for awhile and then kiss them up to the heavens and build something a lit...
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