Bonita Bay Real Estate News | March 2019

Bonita Bay Real Estate News | March 2019

As of March 1, 2019, there are 152 active listings in MLS in Bonita Bay; 14 less than last month. There are 47 single-family homes ranging in price from $449,000 to $6,750,000. The average list price is $1,638,718 and the average days on the market is 173. The combined days on the market is 190. In the carriage,  mid-rise, townhouse,  and attached villa market, there are 39 active listings in Bonita Bay. Prices range from $169,000 to $695,000. The average list price is $388,492. The average of days on the market is 127. The combined days on the market is 135. In the high-rise market, there are 66 active listings in Bonita Bay ranging in price from $714,900  to $6,750,000. The average list price is $1,953,862 and the average days on the market is 234. The combined days on the market is 283.

Whether you are buying or selling, if you are looking for REALTOR® representation, think of me.

Your Bonita Bay REALTOR®,
Ed Gongola

SUMMARY OF BONITA BAY HOME SALES

If you are considering selling your Bonita Bay home, here are some statistics that may help you decide to place your home on the market:

BONITA BAY CARRIAGE, MID-RISE, TOWNHOUSE AND ATTACHED VILLA HOMES

  • Within the last 12 months, there were 83 sales with an average sales price of $373,310; these condos were on the market an average of 106 days; combined days on the market is 182.
     
  • During the 12 months previous, there were 76 sales with an  average sales price of condominiums was $380,023; these homes were on the market for 89 days; combined days on the market is 158.

BONITA BAY HIGH-RISES

  • During the last 12 months, there were 41 sales with an average sales price of $1,428,207; these homes were on the market an average of 167 days; combined days on the market is 390.
     
  • During the 12 months previous, there were 28 sales with an average sales price of $1,364,188; these homes were on the market for an average of 140 days; combined days on the market is 222.

SINGLE-FAMILY BONITA BAY HOMES

  • During the last 12 months, there were 75 sales with an average sales price of $1,163,085; these homes were on the market an average of 84 days; combined days on the market is 176.
     
  • During the 12 months previous, there were 73 sales with an average sales price of $1,108,906; these homes were on the market for an average of 96 days; combined days on the market is 195.

For a list of BONITA BAY homes sold in the last 12 months, click here.

For a list of BONITA BAY homes that are pending at the moment, click here.

Meet Ed Gongola and discover how he can help you with his concierge style of service when buying or selling your home.

Research: Florida Coastal Homes Lose Value Because of Rising Sea Levels

NEW YORK (March 1, 2019) – Updated research from the nonprofit First Street Foundation shows that higher sea levels cut home values in 17 states from Maine to Mississippi by $15.8 billion from 2005 to 2017.
 
The greatest loss in relative home values was recorded by Florida at $5.4 billion, New Jersey at $4.5 billion, and New York at $1.3 billion.
 
The report focuses on the impact of rising water levels from 2005 to 2017 for 25.6 million coastal properties.
 
Researchers plan to release data for the rest of the coastal United States in the near future, and then move on to major rivers.
 
The top five cities with the biggest value declines so far are: 
  1. Ocean City, New Jersey ($530 million)
  2. Miami Beach, Florida ($337 million)
  3. Hollywood, Florida ($305 million)
  4. Charleston, South Carolina ($266 million)
  5. St. Petersburg, Florida ($244 million).
Other Florida cities in the report include Fort Lauderdale at No. 8 ($194 million), Key Largo at No. 12 ($160 million), Jacksonville at No. 15 ($146 million), and Key West at No. 17 ($133 million).
 
Source: “Homes lose $15.8 billion in value as seas rise, Maine to Mississippi,” CBSNews.com, Rachel Layne (Feb. 27, 2019)
     © Copyright 2019 INFORMATION, INC. Bethesda, MD (301) 215-4688

Omega High-Rise at Bonita Bay to Feature Common Areas by Troy Beasleye

The Ronto Group announced the common areas at its new Omega high-rise tower at Bonita Bay are being designed by Troy Beasley, Design Principal, Beasley & Henley Interior Design.  The 27-floor Omega tower to be built by the award-winning developer will be the final luxury high-rise tower to be built at Bonita Bay.  The clean-lined tower will feature 67 residences, including 63 spacious tower residences and four penthouses, three of which are under contract.  To date, Ronto has processed binding sales contracts worth more than $70 million.  The remaining penthouse is priced at $6.75 million.  Pre-construction pricing for the tower residences starts at $2.150 million.
Beasley’s design concept for the common areas at Omega is focused on creating dramatic, cozy spaces with an appealing, slightly edgy aesthetic that will naturally invite residents and guests to sit down and relax.  The design provides a bit of contrast to the architecture with the introduction of curved elements and ceiling details.  The flooring in the building’s lobby will be a mix of stone and wood to compliment the interesting patterns and stone and wood finishes that will bring classical flair to an otherwise modern look and evoke a pleasing, familiar feeling.

Omega’s entry lobby will include a 24-hour reception desk, package room, and mail room.  The lobby will offer a captivating view of the building’s grand salon that, per Beasley’s plan, will feature a comfortable, living room-like setting with couches, side chairs, a cocktail table, and see-through views of a covered terrace and the outdoor amenity deck.  Doorways on either side of the entry lobby and the grand salon will lead to a 600 square-foot library and card room and to a 750 square-foot billiards and game room.  Both spaces will provide access the covered terrace.

Beasley envisions the library and card room as a richly appointed, dark-toned, moody dual-purpose space with reading tables, gold reading lamps, wood flooring, and beguiling black and white photographs.  Inviting seating areas will encourage relaxed conversation.  The library and card room will also open to a splendid conference room.  The billiards and game room will offer both gaming areas and private conversation spaces with built-in curved banquettes, and floating tables and chairs.  On the west side of the room, tall windows will provide views of the outdoor amenity deck.  A speak-easy type door will lead from the billiards room to a bar that will also serve a magnificent club room.

Gallery hallways with gold-toned backlighting that plays against grey-toned elements will lead to the south and north sides of the Omega tower, each of which will include elevator lobbies and restrooms.  The south side of the building will feature the club room that will measure more than 3,000 square feet.  Tall curved windows will offer long-range views to the south and west.  The club room will showcase dark wood tones, a two-sided linear fireplace, a curved bar, and a full kitchen that can be used by residents and caterers for special events.  A wall treatment above the fireplace will incorporate a rich combination of steel panels and wood finishes.  A grill-screen will separate the medium to dark-toned bar area from the club room’s comfortable seating areas.  A window with floating glass shelving will provide the bar with soft natural light.  As planned, the flooring in the club room will be a combination of stone and inlaid area rugs.  Double doors will open to the outdoor amenity deck.

Omega’s 600 square-foot theater will be situated off the club room and offer plush couches and chaises to enhance the movie experience.  Beasley’s concept will create a youthful, sexy vibe that reflects the architectural style of the building.  The plush seating arrangement that eschews traditional theater seating configurations will convey the more intimate, more connected ambiance that Beasley has infused throughout Omega’s common areas.  For Beasley, the successful execution of his design will prompt residents to look forward to being ensconced in the building’s richly appointed, always comfortable surroundings.

The restrooms adjacent to the club room will also reflect Beasley’s unique and highly compelling vision for Omega.  The men’s and women’s restrooms will both convey a contemporary feeling but will also present various classic elements that are especially evident in the mirror designs.  Each restroom will have a distinctive feeling.  The men’s restroom will feature grey and white walls and smaller mosaic tile flooring.  A design concept photo of the ladies’ room includes a red wall and white mosaic tile flooring with black grout lines.

Three guest suites are located on the north side of the building to accommodate out-of-town visitors.  In addition to the guest suites that can be reserved by residents, five cottages on garage level two and six poolside cabanas are available for purchase.  A 2,100 square-foot fitness center is also located on the north side of the building.  Like the club room, tall curved windows in the fitness room will offer stunning long-range views, this time to the north and west.  The fitness center will include the latest fitness equipment technology, a massage room, and separate men’s and women’s saunas and locker rooms.

Omega’s 01 and 03 tower residences will include 4,645 square feet of air-conditioned living space, an unobstructed 68-foot wide view, outdoor terrace areas totaling 1,005 square feet, and an 80-square foot or 75-square foot private air-conditioned storage space on the same floor as the residence.  The plans feature a massive great room, elegant dining area, comfortable family room, and a double-island kitchen.  The great room and owner’s bedroom open to a huge west and northwest facing terrace with multiple conversation areas, a dining area, and an outdoor kitchen with a gas grill.  The double-island kitchen offers an additional gathering place when entertaining.  The plan also includes a den, four-and-a-half baths, and three large guest bedrooms.  The den and all three guest bedrooms open to another large terrace that offers sunrise views.   In addition to the terrace areas, tower residents will enjoy a roof-top amenity deck.

The 02-tower plan offers 4,210-square feet under air, an unobstructed 78-foot wide view, 540 square feet of outdoor terrace space, and 75 square feet of private air-conditioned storage space.  The plan features a massive great room, an elegant dining area, a comfortable family room, and an island kitchen that combine to create the spacious, open living area preferred by potential purchasers.  The great room fully opens to a terrace with conversation and dining areas and an outdoor kitchen with a gas grill.  The plan also includes a den, three-and-a-half baths, and three large bedrooms, all three of which provide views of Estero Bay and the Gulf.  The owner’s suite features a walk-in closet, and a bath with separate vanities and separate water closets.
The penthouse 2602 residence that is available features 6,455 square feet under air and a total of 10,150 square feet of living space, including 1,710 square feet of outdoor terrace areas with an Alfresco gas grill and 42-inch high glass railings, and a private rooftop terrace measuring 1,985 square feet.  The residence also comes with a private elevator lobby, a private air-conditioned storage space on the same level as the residence, and an oversized private three-car garage. 
    Source: Omega at Bonita Bay  

Click to check out the panoramic views of Omega on YouTube.
Source: Omega at Bonita Bay

Contact me to schedule your private visit to Omega: 239.498.2628.

Bonita Bay Club Awarded a Certificate of Recognition

Bonita Bay Club was awarded a Certificate of Recognition from the City of Bonita Springs for being the first private club in Florida to achieve statewide-level sustainability recognition. Dan Miles, GM of Bonita Bay Club, proudly accepted the award at Bonita Springs City Hall.

 

Bonita Bay Dining Schedule

(Beginning Oct. 15)

CLUBROOM
Lunch Daily 11:00 a.m.-2:00 p.m.Sunday Brunch 10:30 a.m.-2:00 p.m.Dinner 5:30-8:00 p.m. Tuesday – ThursdayDinner 6:00-8:00 p.m. Friday POETS NightDinner Saturday nights beginning in January

55th HOLE
Daily 11:00 a.m.-10:00 p.m. 

MEN’S GRILL
Daily: 11:00 a.m.-4:00 p.m. NFL Ticket in Men’s Grill

Sundays during Football Season for 1:00 p.m. games
(Women are invited to attend beginning at noon)WAVE CAFEMonday-Friday-8:00 a.m.-2:00 p.m.Food Service beginning at 10:30 a.m. daily 

BBC NAPLES
Lunch Daily 11:00 a.m.-3:00 p.m.

BREEZEWAY BAR & CAFE
Tuesday-Thursday
11:00 a.m.-5:00 p.m.
Friday-Monday
11:00 a.m. – 10:00 p.m.

Florida’s Housing Market: New Listings, Median Prices, Inventory Up in Jan. 2019 

ORLANDO, Fla., Feb. 21, 2019 – Florida’s housing market reported more new listings, higher median prices and increased inventory (active listings) in January compared to a year ago, according to the latest housing data released by Florida Realtors®. However, uncertainty over mortgage interest rates, the stock market and the federal government’s shutdown may have affected home sales, which were lower than the level of sales a year ago. Sales of single-family homes statewide totaled 15,526 last month, down 6.2 percent compared to January 2018.

“As the new year gets underway, more new listings and gains in inventory (active listings) are positive signs for potential homebuyers in Florida,” said 2019 Florida Realtors President Eric Sain, a Realtor and district sales manager with Illustrated Properties in Palm Beach. “Having more homes available for sale in many local markets may start to ease some of the affordability constraints we’ve been seeing for a long time. In January, new listings for existing single-family homes rose 5.6 percent compared to a year ago and new listings for condo-townhouse properties increased 2.5 percent.”

In January, statewide median sales prices for both single-family homes and condo-townhouse properties increased year-over-year for the 85th month-in-a-row. The statewide median sales price for single-family existing homes was $249,900, up 4.1 percent from the previous year, according to data from Florida Realtors Research Department in partnership with local Realtor boards/associations. Last month’s statewide median price for condo-townhouse units was $182,500, up 2.8 percent over the year-ago figure. The median is the midpoint; half the homes sold for more, half for less.

According to the National Association of Realtors® (NAR), the national median sales price for existing single-family homes in December 2018 was $255,200, up 2.9 percent from the previous year; the national median existing condo price was $240,600. In California, the statewide median sales price for single-family existing homes in December was $557,600; in Massachusetts, it was $375,000; in Maryland, it was $284,000; and in New York, it was $272,043.

Looking at Florida’s condo-townhouse market in January, statewide closed sales totaled 6,739, down 10.9 percent compared to a year ago. Closed sales may occur from 30- to 90-plus days after sales contracts are written.

“Inventory levels continued to rise across almost every price level in January, while closed sales were down on a year-over-year basis, as price growth continued on a steady path toward moderation,” said Florida Realtors Chief Economist Dr. Brad O’Connor. “At the end of January, there were 13.8 percent more single-family homes listed for sale (active listings/inventory) in Florida than there were a year prior, reaching a statewide level of single-family inventory not seen since March of 2015. The ongoing rise in inventory continues to be rather broad-based – among the price tiers tracked by Florida Realtors, single-family inventory only fell among the small segment of homes priced below $100,000. This is a significant change from a year ago, when much of the state’s mid-tier inventory was still declining.

“Looking at condo-townhouse properties, the statewide count of active listings in January reached its highest level since May of 2012, after rising by 10.1 percent on a year-over-year basis.”
According to Freddie Mac, the interest rate for a 30-year fixed-rate mortgage averaged 4.46 percent in January 2019, up from the 4.03 percent averaged during the same month a year earlier.

 

Omega

Click to check out the panoramic views of Omega on YouTube.

 

A Word from Downing-Frye Broker & General Manager Mike HughesA

Some years, it is easier to get a read on the market and yet other years, the market sends mixed signals. Our January 2019 pending sales were down compared with last January. In looking into this, I discovered that in January 2018, we had a high month for pending sales. The only logical conclusion was that Hurricane Irma pushed a number of fourth-quarter pending sales into January 2018. In effect, the hurricane delayed some fourth-quarter, pending sales that ultimately were written in January 2018. I should point out that our two previous January pending sales (for January 2017 and January 2016 ) were much lower than the January 2018 pending sales. So, last years January pending sales number was a bit unusual.

Our February pending sales indicate that we have returned to normal. Actually, it is showing that we are having a very good month for pending sales. Through the first 25 days of February in 2018, we had 246 pending sales. This year, we have 270 February pending sales. This is a 10% increase in February pending sales transactions compared with last February. Our pending sales volume for the first 25 days of February 2018 was $138 million. This February, our pending sales volume for the first 25 days amount to $168 million which is a 22% increase over last February.

So what is my read so far? I think the year started off a little slower than last year but it has accelerated in February. With a strong listing inventory, we are poised for a pretty good season and hopefully a strong year for Southwest Florida real estate.

Bonita Bay MARCH Events Calendar

SOCIAL & DINING

Mar. 17  | St. Patrick’s Day | 6:00 p.m. Cocktails and Dinner | Clubhouse | $42.00 per person |    
                    Club Casual | Traditional Irish Buffet with music by Billy Dean and Dawn
Mar. 25 | Seafood Extravaganza | 6:00 – 9:00 p.m. Reservation Times | Clubroom & Ballroom
                  $115.00 per person | Club Casual 

GOLF

Mar. 1    | Women’s The Invitational | 9:00 a.m. Shotgun | Marsh & Creek Courses  
Mar. 4   | Women’s  Interclub II | Marsh Course 
Mar. 5   | Women’s Day | AB/CD | 8:30 a.m. Shotgun | Bay Island Course
Mar. 8   | Women’s 9-Hole Member/Guest | 9:30 a.m. Shotgun | Marsh Course  
Mar. 13 | Men’s Classic PR & Stag Night
Mar. 14 | Men’s Classic | 8:30 a.m. & 1:15 p.m. Shotguns | Cypress & Sabal Courses 
Mar. 15 | Men’s Classic | 8:30 a.m. & 1:15 p.m. Shotguns | Cypress & Sabal Courses  
Mar. 16 | Men’s Classic | 9:00 a.m. Shotguns | Bay, Creek & Marsh Courses  
Mar. 19 | Women’s Day Golf | 8:30 a.m. Shotgun| Marsh Course   
Mar. 21 | Mixed “Divorce on the Course” Event | 1:00 p.m. Shotgun | Creekside Course
Mar. 22 | Women’s 9-Hole Golf | 9:30 a.m. Tee Times | Sabal Course 
Mar. 24 | Mixed Member/Guest | 1:00 p.m. Shotgun | Creekside Course
Mar. 25 | Women’s  Interclub I | Marsh Course 
Mar. 26 | Women’s Day Golf | 9:00 a.m. Shotgun| Cypress Course
Mar. 27 | Mixed Member Appreciation Day 
Mar. 28 | CLUB CHAMPIONSHIP| Men – Sabal | Women- Cypress
Mar. 29 | CLUB CHAMPIONSHIP| Men – Sabal | Women- Cypress 
Mar. 29 | CLUB CHAMPIONSHIP| Marsh Course 
Mar. 30 | Women’s Day Golf | 9:00 a.m. Shotgun| Sable Course

 

RACQUET SPORTS

Mar. 1   | Beginner Croquet (C) | 1:30-2:30 p.m.  
Mar. 2   | Mixed Doubles Championships (T) | 8:30 a.m. – Draw | 5:00 p.m. – Finals 
Mar. 4   | Ladies Member/Guest (C) | 10;00 a.m.
Mar. 6   | Croquet & Crumpet (C) | 10:00 a.m.  
Mar. 7   | Grand Slam (T) – Dink, Drink & Dine (P) – Mallets & Hoops (C)   
                 4:30pm – Play | 6pm – Dinner 
Mar. 10 | Wine & Wickets (C) | 4:00 p.m. 
Mar. 12 | Mixed Member/Guest (P) | 11:00 a.m. – Play | 1:15 pm. – Lunch
Mar. 15 | Beginner Clinic (C) | 1:30-2:30 p.m.  
Mar. 17 | Brunch at FGCU (T) | 10:00 a.m. 
Mar. 20 | Men’s Bash (T) | 11:30 a.m. – Play | 1:30 p.m. – Lunch  
Mar. 24 | Wine & Wickets (C) | 4:00 p.m.    
Mar. 26 | Miami Open (T) | 8:00 a.m. – Eat| 9:00 a.m. – Bus Leaves

FITNESS

Mar. 6   | Early Detection is Key: Colon Cancer Screening Saves Lives | 11:15 a.m. | Free
Mar. 18 | Simple Tips to Prevent Falls | 11:15 a.m. | Free

Download the full 2018-2019 Event Calendar.

Download the full 2018-2019 Event Calendar.