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Estero, FL Real Estate News

          In case you haven’t been in Lee county since April 2008 you might be surprised by all the road projects.  It may be a hassle when you visit SW FL this winter season but it's all in an effort to offer less congestion on the roads.  Estero FL currently has the Three Oaks Pkwy expansion from 2 lane to 4 which should be completed by the end of November 2008. Also Three Oaks Pkwy is now connected all the way to Livingston Rd, which means you can travel from Alico road all the way to Golden Gate Pkwy in Naples FL without using Interstate 75 or US 41 (Tamiami Trail).  Currently I-75 is under lane expansion from exit 136 inf Ft. Myers FL down to exit 101 towards Naples FL. US 41 is completed and 6-laned Corkscrew Rd all the way to Golden Gate Pkwy in Naples FL.  The main goal has been...
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Shelby Homes- Meadows of Estero  This Gated Community is Located in Beautiful Estero.  Right Of US 41 and Tamaimi Trail on the West side between Williams Rd and Corkscrew Rd.  These units have 2 floor plans to chose from the Falcon 2 bed 2.5 bath plus den and 2011 sq. ft under air.  The other floor plan is the Sandpiper 3 bedroom 2.5 bath and 2878.  This quit gated community an Mediterranean inspired architecture is surrounded by nature preserves which allows for the relaxing quintessential Florida lifestyle.The social centerpiece of The Meadows is its exquisitely elegant 5,000-square-foot clubhouse, which includes plethora of amenities -- a tropical lagoon-style pool, billiards and card rooms, sophisticated media center, large multi-purpose room for meetings and social gatherings, comp...
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By Tim Ludemann
I wanted to make buyers aware of Great Community located in Estero right off Three Oaks Parkway (lane expansion nears completion), North of Corkscrew.  This gated community is made of 519 carriage homes.  Floor plans range from 1 bed plus den all the way to 3 bed plus den.  Hurricane impact Glass, granite counter tops, tile in all wet areas, screened lanais, and one-car attached garage makes up the community.  Every once and a while a rare designer unit pops up for sale.  They consist of tile on diagonal through out the living area, stainless steel appliances, crown molding, California closets and more.             The community center has a ice cream parlor, bar, movie theater, fitness center, and community room.  3 pools make for relaxing sunny days by the pool.  Gated community restr...
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  When I moved to Estero in 2002 there wasn’t much available to do in Estero especially recreational wise, let alone very affordable.  If you can spare 1 day without Starbucks or Dunkin’ Donuts that is all it takes for a lifetime membership.  $5 individual membership ($20 for family) you can take advantage of the largest Lee County Parks and Recreation system.  55 plus acres  2 bocce courts, 12 horseshoe pits, 3 sand volleyball courts, shelters of varying sizes, a children’s play area, 4 lakes, a 5K cross country course, an outdoor amphitheater along with a 40,000 sq/ft. recreation center.  My favorite part is the great pickup games of basketball offered on the 3 Full Courts.  4 Volleyball as well as art classes, toddler programs, wellness classes for adults and children, sports leagues...
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Hidden Gem is found in Estero Florida.  The community is called Estero Palms, the developer is Taylor Morison.  Estero Plams is located off of River Ranch Rd.  In between Corkscrew Rd and Williams.  Now, I know everyone is sick of associations. Then this is your community!  Yes, it has gates that close after 6pm but the dues are extremely affordable, $814 annually.  That covers common ground maintenance.  The best part is the location, minutes to Interstate 75, Us 41 (Tamiami Trail), Coconut Point Mall, Fort Myers Airport (RSW), and Miromar Outlets to name a few of the many destinations. You can check out the current ACTIVE LISTINGS in desirable Estero FL communities and close to the Estero FL area by clicking in the community name of your choice: Bella Terra Breckenridge Cascades Copp...
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           Why now? Why not wait till the market has bottomed? Let's get one thing straight: it is virtually impossible to time the bottom.  To many factors to mention!  But lets discuss a major reason I feel Now is the time. Foreclosures are at an all time high in Lee County.  What does that mean to you the buyer? The bank now owns a property that is no longer worth the money they originally loaned.  Ok, now what? The bank has investors that put money into getting the bank started and now they have a negative asset on there books.  Alright still with me... the investors want that “asset” off the spread sheet NOW!  Thus they price it very aggressive sometimes below the cost to rebuild it!  Now that I have your attention, eventually the deals will be gone sooner than later (still hasn’t...
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 Over the last year Developers have had to get realistic in there pricing as well.  Here in Estero we have 2 big Developers get very aggressive on prices.    is now offering a 3 bed 2 bath over 2,000 sq. ft   for under $260,000.  That comes with all the bells and whistles as well as the fantastic builder warranty. The home is located in the Highly amentized community called Bella Terra. Resort Style pool, basketball courts, baseball field, soccer field, inline skate park, beach volleyball, fitness center, kids playground, and much more.         has a community called Estero Palms, great location to shopping and dinning (Coconut Point Mall) that has inventory homes starting at 292,000 which is a 2029 sq. ft 3 bed 2 bath with a pool. Should these deals or any other deals you may have que...
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        I wanted to mention a question I answer every day, which is what is the difference between a Short Sale and a Foreclosure. Here in the Estero Real Estate market we have a had our share of speculators that have decided to let their Investment go back to the bank. What that means is they no longer are making their payments on their property. Before we had the clients letting their homes go back typically the bank could foreclose on the property in reasonable time (3-5 Months).  At the present time, it can take at least 12 months and in some cases even longer! Because of the reason being the astronomical number of clients not making their payments, the bank can’t foreclose on them in a timely manner. Thus the short sale is put into place and basically it is when the bank allows for...
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By Tim Ludemann
Sports Personality and Sports Center anchor Kenny Mayne has a brand new internet show called Mayne Street. I heard about the new show while listening to the Miller and Moulton show on 770 AM ESPN radio located in Southwest Florida. Some fans of Mayne may remember so of his famous Sports Center quotes like: “Barry Bonds with homerun #735. Not this season, that would be a record.” "We're gonna show it again, cause we have editing equipment." and "We show you this to see how women 18-34 feel about the play." Those are just a few of his quotes.  Kenny also made a brief appearance on Dancing With The Stars the hit ABC show.  Unfortunately his time was very limited because of his lack of coordination to name a few of his short falls in Ballroom dancing.  Hope we will enjoy this show as much ...
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No better time than the present for a Good laugh and this Thursday November 13th 2008,  the place Germain Arena the entertainer Larry the Cable Guy.  Now some may not know who I speak of he is part of the Blue Collar comedy tour headed up by Jeff Foxworthy.  Alright now I’m getting some light bulbs going off.  Yes Jeff is the comedian who does the “you might be a redneck if…” jokes, very funny.  Back to Larry, he has starred in some straight to video movies (which in the comedy word usually has an underground cult like following) like Delta Farce, Witless Protection, Larry the Cable Guy – Health Inspector and Morning Constitutions to name a few.  His catch phrase "GIT-R-DONE!!!"  is insanely popular (you have had to seen a bumper sticker or heard some one say it or wearing it on a T-shi...
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Last weekend I went to Miller’s Ale House  close to Estero FL to get a bite to eat as well as watch some sports while enjoying a cold beverage.  I love college football and was excited for the Texas Tech vs Oklahoma State game.  I was pleased to see the Miller’s Ale House had great Drink and Food Specials.  Also a great crowd of young (Florida Gulf Coast University less than a mile away) and baby boomers cheered on their favorite teams.  Some of the other games on were:  Florida Gators playing the Vanderbilt Commodores and the U Southern California vs California.  This coming week will be a “quiet” week but that makes for more upsets should Kansas Jayhawks pull the upset over Texas Longhorns or  U Southern California repeats with a loss to Stanford Cardinals. See you at the  Miller’s A...
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By Mike Rivera, Naples FL Real Estate Analyst
(Mike Rivera, Saggio Realty Inc)
This is an e-mail i just got from an agent it deals with short sales and there apparent irritation with short sellers and there agents. And it seems this agent wants a law against them or that the FREC should stop it and  deems that The Pricing of short sale are misleading or For pricing them way below true value.... And see below quote Fraud on The Public From "Impossibly Priced" Short Sales ("  I believe that such "way below the real price" listings violate Fl Statutes Chapter 475.25 (b) and (c).   I believe the advertising of these properties at unrealistically low prices is a "misrepresentation, concealment, false promises, false pretenses, dishonest dealing by trick, scheme, or device ... in a manner which is fraudulent, false, deceptive, or misleading in form or content." I furthe...
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Welcome to my blog! My name is Tim Ludemann and I live in Grandezza, a community located in Estero FL, with my wife and our two labs, Chef and Coco. I am passionate about real estate, music and sports.  I will be blogging about Estero FL musical events, Estero FL sporting events, Estero FL real estate, Estero FL restaurants, Estero FL shopping centers, Estero FL retail stores, and everything about Estero FL. I want to thank ActiveRain for this exciting outlet and interesting networking community.  I hope my readers will enjoy my posts and comment, ask questions and come back often. Thank you! Timothy Ludemann Listing Director|Realtor® tludemann@chiodoproperties.com 239.333.3484 Direct 239.839.7710 Mobile 239.333.3518 Fax
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By Ryan Chiodo, Engel & Völkers Luxury Real Estate Advisor
(Engel & Voelkers Luxury Real Estate)
  One of my favorite places in Estero, FL is the new Coconut Point Mall.  A girl’s dream… it offers 500 acres of open air shopping, and over 130 stores!  My personal favorites are:  Aldo, Ross and Buckle.  Mac in Dillards and Express.   If you're looking to shop, eat, do business or live in Estero FL, the Coconut Point Mall offers it all.      Visitors can stroll down Fashion Drive at their leisure taking advantage of the diverse mix of offerings, while enjoying musicians, singers and bands on various corners throughout the mall main street area.  Jazz concerts and art shows are featured monthly.   You'll easily find various coffee shops (there are three Starbucks locations at the Coconut Point Mall) and book stores, restaurants (give STIR CRAZY and HEMINGWAY'S a try and then a delightf...
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By Jesse McGreevy, McGreevy and Comisar
(Downing Frye Realty, inc.)
How do you help a home owner who needs to sell fast?Here are some tips from real estate professionals who now have a couple of years experience selling homes quickly in slow-moving markets:Be the best buy on the block. "Run an accurate market analysis for the last six months and price the property accordingly," says Alex Harb, a practitioner in Orlando, Fla.Schedule your discounts. If someone has to sell in say, six weeks, start with a 10 percent or 15 percent discount from the comparables and then reduce the property another 5 percent to 10 percent each week.Clean-up time. Scrub the house until it shines. Paint anything that needs it, and manicure the lawn.Don't sound desperate. When a buyer asks why the house is for sale, an effective response is, "I have a new opportunity in another ...
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By Chris Griffith, Bonita Springs Listing Specialist - Agent
(Downing-Frye Realty, Bonita Springs, FL)
  Details Photo Gallery View Rooms 33928-Estero (Estero) FOR SALE$209,900  Best View In Stoneybrook Keller Williams Elite Realty Chris GriffithEmail ChrisCell: 239-273-7430 More Photos(15) Lake View Quick Links Virtual Tour Request More Info Email Listing More Photos(15) Details Address: 21586 Portrush Run Type: Residential Style: Single Story Bedrooms: 2 Bathrooms: 2 Suite: No Living Area: 1,313 square feet Year Built: 2001 More Details Description Enjoy sweeping sunset lake views from this well cared for attached villa home. Features include extensive neutral tile though out the main living area, neutral carpet in the bedrooms, painted accent walls, security system, crown molding and granite kitchen counter tops. Situated in a gated, secure community, this attached villa home offers t...
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By Casey Merriam
(VIP Realty Group, Inc.)
Well, the more I'm in this business, the more I realize how much control I don't have over things and that I cannot worry about what is out of my control.  I do my best everyday, and it's so funny how things just work themselves out.  Now that I got that off my chest, on to real estate.  We got our latest company report and as I predicted, we are busier this summer than in season.  People are finally realizing that pricing in SW Florida is near or at the bottom.  Foreclosures and short sales continue to saturate the market, however, as quick as they come on, we are seeing 2, 3, 4 offers on some of them.  It's a great thing for my first-time homebuyers who can finally afford to buy!  I look forward to my most successful years in real estate in the next several years. 
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By Glenn Ginsburg, Naples Florida Real Estate
(A Delta Realty of Naples Florida)
June Activity: Listings: During the month of June 60 Estero condos were listed for sale. For the same month in 2007, 53 condos were listed for sale; this represents an increase of 5.7 percent. The decrease from 2006 was 17.8 percent from the 73 new listings. In May 2008 a total 40 condos were listed for sale. The increase in the number of new listings has a negative impact on the number of months of supply for available condos in the Estero area, along with the lower volume of closed sales and stable pending sales volume. A graphic presentation showing the number of months supply for condominiums in Estero will be posted shortly. Closed Sales: A total of 8 condos were sold during June 2008. Comparing the same month in 2007 there were a total of 10 condos sold, the reduction of 2 condos ...
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By Glenn Ginsburg, Naples Florida Real Estate
(A Delta Realty of Naples Florida)
June Activity: Listings: During the month of June 69 Estero homes were listed for sale. For the same month in 2007, 86 homes were listed for sale; this represents a decrease of 19.8 percent. The decrease from 2006 was 22.5 percent from the 89 new listings. In May 2008 there were a total of 48 homes listed for sale. Closed Sales: A total of 25 homes were sold during June 2008. Comparing the same month in 2007 there were a total of 26 homes sold, represents . . . Read more. . . Learn more about the neighborhood of Wildcat Run in Estero.
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By Randy Mitchelson,APR, First Impressions are made at First Click
(Marketing Advisor & Squeeze Mortgage)
June 17 Mortgage by Randy Newsletter - June 2008   Mortgage by Randy a monthly update to our clients, colleagues, family & friends by: Randy Mitchelson, June 2008 =======================================================================================================================    In This Issue We Touch On: Bank Troubles, Reverse Mortgages, Oil & Credit for Young Adults   Every week we receive new requests to join the distribution list for this newsletter. As a result of the growth we will be improving our distribution process by engaging a service that many of you are already familiar with, iContact.  Our thanks to Brandon Milford at iContact who I recently met with in Miami.   As usual, the current newsletter and all prior newsletters will be archived at our blog space mortgagebyr...
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