November 2022 Naples Real Estate Newsletter

METROPOLITAN NAPLES

November 2022 Newsletter

It’s been almost 6 weeks since Hurricane Ian barreled through SWFL and the clean-up progress that has been made so far is incredible! The resources and services provided by the State of FL, FEMA, Lee County, Collier County and the City of Naples as well as many other organizations and volunteers has been tremendous and we truly appreciate it!

For those of you who are considering returning to your home in SWFL or planning a visit, see updates below and also please note the area hotels have been at or near 100% capacity since the storm as several of them are closed until sometime next season so it’s best to make reservations in advance. For those of you visiting soon, there are many restaurants that were not damaged or have bounced back quickly and are fully open: Restaurants Open after Hurricane Ian.

Storm Clean Up Update:

City Of Naples: Total volume of debris collected as of 11/1 has now exceeded 240,000 cubic yards. This equates to 75 Olympic-size pools filled to the top with debris. Another way to visualize the volume is to imagine 6,000 garbage trucks filled with debris lined up 22.5 miles long. The City is working very hard to try and beat earlier projections for completion by January 2023. All beach access is currently closed, City Staff is in the process of making repairs at the beach access points that were the least affected and will advise which access points will be open soon.

Collier County (including Marco Island): Debris removal pushes ahead toward ‘substantial completion’ by Thanksgiving in Collier County. Countywide, more than 864,000 cubic yards of debris have been removed to date. More than 200 trucks are working from 7 a.m. to 7 p.m. seven days a week to get the city and county cleaned up. Currently, there is no deadline for the clean-up effort, which is expected to run through early next year.

Collier County Beaches: Crews cleaning Collier County beaches hopeful to open soon. Crews have been on the beaches cleaning and raking in Naples and other parts of Collier County since the Saturday after the storm. Officials are aiming to open all county beaches in the next few weeks or possibly in a month. Video: Inactivity at Collier County beaches helping ecosystem heal.

Lee County: Lee County hit a new milestone with 2 million cubic yards of debris collected in one month – a rate three times faster than collections after Hurricane Irma. Total collections from Hurricane Irma in 2017 were 1,749,948 cubic yards in 111 days. Hurricane Ian debris collection crews beat that number on Nov. 1 – only 28 days into collections. Crews are setting new industry records with daily debris collection totals ranging from 78,000 cubic yards to nearly 100,000 cubic yards. There are 133 specialized debris trucks working continuously in Lee County each pulling a trailer that doubles collection capacity.

Lee County’s debris contractor, CrowderGulf, estimates that the first pass to remove hurricane debris in unincorporated Lee County will be completed within the next 30 days. Each neighborhood will receive, at minimum, a second pass for debris removal. Additional passes will be conducted as warranted, particularly in those neighborhoods that experienced both wind damage and severe flooding.

Fort Myers Beach: Town of Fort Myers Beach residents can now access the Town any day of the week. Monday/Tuesday daily access is no longer restricted. Curfew will still apply every day, which is 7 PM– 7 AM. FMB was severely impacted by the storm and while daily cleanup continues nearly one month after Hurricane Ian’s destruction on Fort Myers Beach’s Estero Island, many buildings, boats and homes still look the same the day after landfall.

Sanibel/Captiva Islands: Exactly 3 weeks after the storm, the Sanibel Causeway reopened restoring vehicle access to the mainland. On Oct. 28, City Manager Dana Souza explained that access to the islands on Oct. 31 and Nov. 1 would be open to residents, businesses, private contractors and property owners, versus only essential response personnel as was previously discussed as part of a schedule.

Market Update:

📊 Sales activity actually picked up in Naples in October with 600 properties pending compared to 500 in September, this was unexpected considering the storm hit on Sept 28th. With 900 new listings coming to market in October, Naples buyers had 24% more listings to choose from compared to a low point in September with only 727 new listings. Inventory held steady at 2.5 months of supply and the average closed sales price moved up 13% to $952,000.

Some areas such as Park Shore/Moorings/Coquina Sands saw a spike in new listings due to storm affected properties being listed for sale with 37 new single family homes listed in October vs. only 6 in September. Many of the homes damaged by flood waters were built in the 1960s-1970s at too low of an elevation, therefore won’t be rebuilt and are being sold at lot value. If you’re considering building a new home near the coast in Naples, contact me to review the options and opportunities provided by the increase in properties for sale.

New Development | METROPOLITAN NAPLES

The Bayshore Gateway Triangle Community Redevelopment Agency (CRA) purchased the 5.3-acre piece of land located at the intersection of Fifth Avenue South and Davis Blvd in 2009 with the intention of revitalizing the intersection to spear redevelopment in the rest of the area in East Naples. In 2020, the CRA closed on two land transactions – one to Naples Triangle Development for 1.6 acres and the remaining 3.75 acres to Metropolitan Naples and the first building of the development is called Aura, is currently under construction and units are available for sale. More information:

• 15-story building with 56 units.
• 2, 3 and 4 bedroom luxury residences, many with a den
• Units range in size from 1,898 to 3,923 total living area
• Expansive floor-to-ceiling glass windows and balcony doors
• Porcelain and wood floor selections
• Owner suites with vast views, walk-in closets, luxurious bathrooms with double vanities, large showers and separate soaking tubs
• Wine walls and wet bars, per plan
• Chef-inspired kitchens with large workstation and dining islands
• Luxury appliances such as Wolf® gas cooking and Sub-Zero® refrigeration
• Fine custom cabinetry
• Great rooms designed to maximize outdoor views
• Outdoor living areas with gas-grilling stations
• Two secure garage spaces per residence
• Aura features the highest pool in the downtown area and is the only rooftop pool offering views of picturesque downtown Naples state-of-the-art fitness center and yoga studio are also on the roof 160 feet above it all.
• Just steps away from the infinity pool is another amazing amenity – an outdoor lounge with bar.
• Located on the 5th floor are the indoor and outdoor residents’ lounges, a luxurious overnight guest suite, a business center and conference room, outdoor kitchen with grilling area, a seating area with fire pits, as well as a large golf putting green.
• Prices range from $2.2 million to over $5.4 million
• Scheduled for completion in 2024

Contact Matt Brown at (239) 580-8864 or fill out the Let’s Connect form.

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If you are outside of Southwest Florida and desire an equivalent top real estate agent, contact Matt Brown at William Raveis Real Estate. Matt has a vast network of other trusted luxury real estate specialists nationwide from his two decades in the business and through affiliated companies such as Leading Real Estate Companies of the World, Who’s Who in Luxury Real Estate, and Luxury Portfolio International.

Looking for a luxury real estate agent Naples Florida, Matt Brown has the luxury market experience you desire, a vast network of clients and buyers, the in-depth market data knowledge you appreciate, the connections to aid in smooth transactions, and the relationships to help find your next luxury home, even before they hit the market. Contact Matt Brown at (239) 580-8864 or fill out the Let’s Connect form.  You can also review his client reviews to get a better understanding of Matt’s qualifications.