Its economic prosperity had set the conditions for a real estate bubble in Florida

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Housing Bargains Under $100K in Naples, Florida

In a city the rich and famous call home, there are some housing bargains under $100K

Welcome to Naples, Florida.  World renowned for the high-class lifestyle, a winter retreat for celebrities and fortune 500 CEO’s.  Naples has some of the most exclusive addresses in the country.  Where extraordinary mansions set along a beach which was once voted by the travel channel as America’s best all-round beach.  Where the county for which Naples is located is rated as the highest income per-capita in Florida and the 20th highest in the country.

You may wonder how on earth you could even vacation here, let along be a year-round resident. Can you live in paradise for far less than the average home sold in the United States? The answer is, yes.

The real estate bubble did hit here and it hit hard, many greedy investors and speculators looking to get rich over night, jumped in too late and too high.  Now though, prices are down to as low as 2001 values.  How about the choice of hundreds homes under $100K in Naples and surrounding communities.

How about this one, 3 bed plus a den built in 2006, on just over 1 acre, outside of Naples is priced at $50/sq ft.  Or a 5 bedroom home on an acre, built in 1994 for just over $70,000.  Or this one, which is about 25 miles from downtown Naples is a 4 bedroom home on half an acre, built in 1997 for $69,000.

How can this be when the median home values of $500K are more than double the national median home prices? Foreclosures.  These 3 homes are just a handful of bank-owned homes in the area.  The owners of which are willing to give some ‘better than the going rate’ on new home loans. 

We have seen some tough economic times in the last 12 months and over the last few years, we have seen some housing prices plunge and unemployment rise.  But if you weigh your options and find that you don’t like the city you are living in, the job you are working, the home you have, the mortgage you’ve got, or maybe you are just ready for a change.  Consider the possibility of living somewhere nice, where the weather is great, the beach is just a short drive away, crime is low and the exciting city of Miami is within 2 hours drive, and Orlando in all its glory is within 4 hours.

Like many first time buyers making good use out of the $8,000 the government is handing out, maybe this economic struggle will be the best thing that’s ever happened to you.  Like the rich and famous, now you can also call Naples, home.

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More Stories By Tegan DeClark

Ray White Toowoomba and Ray White Toowoomba Rural welcome you to a range of services which expertly assist our valued clients in the sale and management of property. Directors Andrew Carter and Lindsay Southwell engage their team to employ the most proven and effective methods of selling and property management. Now an international supergroup, Ray White began operations here on the Darling Downs in 1902. Our unwavering focus on service for over a century has developed a powerhouse in the real estate landscape. Within this network Ray White Toowoomba is a prominent agency conveniently located in the CBD precinct. Servicing the entire Toowoomba area and surrounding rural regions our capacity to deliver to you valuable local information and advice is second to none. We understand our dynamic city and feel passionate about the brilliant opportunities it has to offer. Our commitment to continual improvement, leading edge marketing and professional integrity drives the level of premium results for which we are renowned. United and energised we achieve excellence for clients whose personal recommendations remain central to our growth.