Michael Roller specializes on mid to high end properties near the Naples beaches, on Marco Island and in Lely Resort Naples FL. Click here to see The Roller Team website.

Congrats to Michael for a job well done!  Click link to see Details of the home.

Mike did it again

When you look for the best value and excellent customer service call Michael Roller, 239 505 9020.

LDG South LLC is declaring bankruptcy, sending 56 lots and 4 model homes in Grey Oaks to auction. This builder also has a model home in Mediterra and other communities in Florida. The circumstances surrounding this bankruptcy seem to be unclear, but at least one shareholder is alleging malfeasance. For more details on this situation please visit http://www.naplesnews.com/news/2010/jun/18/grey-oaks-developers-bankruptcy-sends-56-lots-four/?partner=popular.

The developer for the very successful Classics Plantation Estates section of Lely is starting to see demand outweigh supply, and is adjusting prices to reflect this market reality. The average lot price increase is approximately $50,000 and the base price increase on the estate homes is about another $40,000. Coupled with the disappearance of certain incentives to build, the stated price on the estate homes just went up a little over $100,000. This season 13 homes have sold in this million dollar neighborhood of estate homes.

Private Property Transfer Fees becoming a hot button

In another misguided effort our legislature is considering imposing a private property transfer fee on all real estate sales. The details are still forthcoming, but the idea is to tax every purchaser of a home 1% of the sales price to go directly to the original owner or developer for decades or maybe even forever. The real cost will ultimately rest with the seller, as the buyer’s budget will not change and the seller will have to adjust his price down to accommodate this change. 9 states so far have created legislation prohibiting private property transfer fees, as they believe that this will place an undue burden on the real estate market. We will keep you up to date on this important legislation as new details come forward.

Summer season expected to be busy

With the great exchange rates for our Canadian customers, the Real Estate market is expected to be busy during the Canadian summer vacation time. Foreign investors are already starting to pick up the bargain priced condos in Florida, as evidenced by a new study done by the Florida Association of Realtors. As the vacation season heats up, so will our market. Expect to see a very different inventory in the fall when most of the part time residents come back.

This custom built home is truly amazing. Built by one of Marco Island’s finest builders, Coast To Coast Custom Homes, this custom residence features deep and direct water access, 4569 Square Feet, 4 Bedrooms +Den, 5 bathrooms, and a top of the line chef’s kitchen. Every imaginable upgrade has been combined to make this a very special place to call home.

The heart of this home is definitely in the kitchen and large great room with soaring 21’ ceilings. The kitchen features top of the line appliances including a 48” SubZero refrigerator, ice maker, wine chiller, pot filler, convection oven with warming tray, microwave, and gas range. The cabinets are custom French country style cabinets and are fully dovetailed and have the soft-close mechanism. The granite has been beautifully selected and covers the expansive counters and island for lots of workspace. The exterior wall to the great room opens up through 3 separate 12’ wide and 10’ tall sliding glass doors, all of which are impact glass. The TV in the great room is on a hydraulic arm and raises from a built in cabinet at the touch of a button.

The carpet and tile used in this home are of the highest grade, and the master bedroom even features a walk in shower with custom frosted glass doors, body sprays, and large shower heads. It also has custom mirrors and casings built in, a his and hers vanity, and separate water closet with a high efficiency but silent fan. The air conditioning system consists of two large carrier infinity systems with touch screen controls, making it easy to program your air conditioning to your preferences, or to even set up a vacation schedule while you are gone.

If you are looking for outdoor living space then this house is for you. You will be able to enjoy a built in outdoor kitchen with granite countertops and gas grill, fed through the 500 gallon in ground tank. There is a large sun deck for lounge chairs and a huge covered area of the lanai with an outside flat-screen TV and plenty of space for outside dining. The large custom designed pool is heated from the inside through an Aqualink system and can be programmed to your requirements. The built in spa makes the most out of your unobstructed view. The pool cage is built on concrete pillars in order to expand your view, as you have no vertical cross members above waist level and a large distance between pillars. On the way down to your almost 70’ floating dock you will see a two tiered custom designed planter. Because of the deep water access you will be able to dock a boat of over 50’ and have direct gulf access in under 5 minutes.

If you would like to schedule a private showing please call Walter at (239)289-1172.

http://www.marketwatch.com/story/european-debt-crisis-manageable-paulson-says-2010-05-10-144600?pagenumber=1

John Paulson

Paulson is regarded as being a financial genius, betting against banks and subprime mortgages during the housing bubble and now commanding a hedge fund of $36 Billion, 95% of which is coming from financial institutions. The clearest statement that Paulson makes is that now is the time to buy a home. If you already have one home, Paulson says it is time to buy a second. And if you already have two homes? Paulson claims if you already own 2 homes it is time to help your children buy a home. Paulson goes on to claim a 3-5% increase in property values over 2010 and an even larger increase for next year.

Just like Warren Buffett, Paulson makes investments that “go against the grain” and seem to pre-date the market. This is probably the strongest endorsement that we have heard for the Real Estate market to date.

Lely hasn’t always been a favorite in Naples, but after its purchase by Stock it has quickly turned into a popular tons of bang-for-your-buck community. Lely boasts its Player’s Club with a 20,000 square foot gym, 7 tennis courts, lagoon and lap style pool, full service spa, and clubhouse with all of the bells and whistles at an astonishing value. The current membership cost is only a $6,000 refundable deposit and around $2050 per year, depending on the location of your home within the community.

The great club value and wonderful curb appeal have made this one of the best communities in Naples, evidenced by the average percent of sales price over list price of 92% and 335 sales over the last 12 months (Sunshine MLS 12 month activity report through 4/3/2010).
The following Lely-specific trend lines also help illustrate the market found in Lely:

Expired Listings went from just over 45 expired listings per month to just over 20 expired listings per month for the last 12 months. Expired listings are listings that did not sell during the period of their listing contract.

Pending Sales went from just over 20 pending homes per month to just over 55 pending sales per month over the last 12 months. Pending sales represent those homes going under contract.

The number of Sold Homes went from almost 30 homes 12 months ago to almost 45 homes last month. The trend line shows a strong, favorable increase in these numbers over 2009.

The number of new listings has increased only slightly over the past 12 months, but has dropped off sharply after March of this year.

These numbers do not include all new builder products. Those homes commissioned by a buyer before being listed on the MLS  represent additional sales in Lely Resort. The above trend lines are courtesy of SunshineMLS and are generated specifically for the LELY subdivision.

If these trends continue, we can expect to see a decrease in overall inventory and a return to equilibrium in our market. This will be followed by an increase in prices over the already comparatively firm pricing in place (92% of asking price).

The Roller Team just listed this beautiful home situated on an oversized key lot with southwestern exposure at the largest lake in the Classics Plantation Estates. The home is almost 3200 square feet in size, has 3 bedrooms, a study, 3 baths, and a formal dining room. The great room and kitchen are very expansive and appointed richly.

The kitchen features complete custom cabinets including wainscoting on the knee wall and refrigerator. There is plenty of counter space, and a custom island all featuring upgraded granite. The appliances are stainless steel, and the entire home features upgraded ceramic tile on the diagonal.

The bedroom is bright and very spacious. It has a direct access to the large screened-in lanai and free form pool. The master suite is completed by two walk in closets and an elegant master bath with separate tub and shower, as well as his and hers vanities.

The outside living space of this home is very spacious and has roll-down electric shutters. Pavers cover the rear deck which has plenty of covered area for an outside dining area. The patio has sweeping lake views from end to end, and affords privacy due to the pie shape of the lot.

For more information on this gorgeous estate, please visit 7535 HOGAN COURT

We are happy to announce our new listing at 8942 Shenendoah Court in the Majors Subdivision of Lely Resort. This prestigious gated community within Lely is home to many large custom residences, some of which have over 3,800 Square Feet under air. As with most neighborhoods within Lely you receive world class resort style amenities for very low quarterly fees. The properties in this neighborhood afford you privacy and picturesce views, while the finishes will make you thrilled to come home.

8942 Shenendoah Court is a 4 bedroom plus study, 4 bath home built in 2006. All countertops in this home are either granite or marble, satisfying even the most discriminating tastes. The interior is tastefully decorated and painted in neutral colors. Another great feature of this home is the large outdoor living space, complete with pool, spa, outdoor kitchen, and wonderful lake and golf course views. The master suite is located on the first floor, as is one bedroom and the study. Guests will enjoy their privacy in one of the two upstairs bedrooms adjacent to the spacious balcony. Priced at $929,000 don’t miss one of the very best opportunities in Naples!

For more information and pictures of this wonderful home, please visit http://www.majorslelyresort.com/8942Shenendoah/index.html.