Biltmore at Bay Colony Naples, Florida Market Update!

The Biltmore at Bay Colony is a luxury high-rise condominium located directly on the beach in Bay Colony, the most prestigious subdivision in Pelican bay. This magnificent building was built in 1997, features a total of 75 units within 22 floors and offers an outstanding list of amenities including a grand lobby, billiards room, fitness room, pool, hot tub, barbecue area and private beach access just to name a few. Unit sizes begin at about 2,860 square feet of living space and continue over 7,000 square feet of living space for the 5 bedroom penthouse. There are two assigned parking spots available located underneath the building. Rental policies are strict but most Biltmore at Bay Colony condominium owners do not consider renting their units as a personal option. Both a Bay Colony Association membership and Pelican Bay Association membership are required which means all of the Pelican Bay and Bay Colony amenities are available with the exception of golf which can be purchased for an additional price. See The Biltmore at Bay Colony Condosfor sale or for more information regarding the Biltmore at Bay Colony, contact Shannon Lefevre.
Currently there are two units available at The Biltmore. Unit 303 for $3,850,000 and Unit 604 for $3,700,000. Because of the direct Gulf location, views from all of these units are absolutely outstanding. Since the building was built in 1997 both of these units are beginning to show their age a little in some areas but overall should be considered excellent choices for those who want an exceptional condo on the beach in Bay Colony. There is a great view of the beach from the 604 unit and the 303 unit has a great Gulf and pool area view.
There are a total of six towers located on the beach at Bay Colony.

Biltmore at Bay Colony

Remington at Bay Colony

Windsor at Bay Colony

Contessa at Bay Colony

Brighton at Bay Colony

Carlsyle at Bay Colony

Bay Villas at Pelican Bayis an attached & detached villa (some are duplexes some look like single family homes on small lots) development located on the south side of Pelican Bay and can be accessed off Crayton Road. Built between 1981 and 1983 units consist of either 2 or 3 bedrooms and range in size starting at 1,540 square feet to over 1,900 square feet. The rental policy for Bay Villas at Pelican Bay allow Bay Villa owners to rent their properties a maximum of two times a year with 60 day minimums. Bay Villas at Pelican Bay are conveniently located next to six tennis courts, St. Williams Church and the Naples Grande hotel. See Bay Villas at Pelican Bay properties for sale!
After completing my preview of all the available Bay Villas at Pelican Bay (six total) I have three note worthy units to talk about.
For the investor, penny pincher, budget conscious or project manager There's a unit available now for $775,000 which is priced over $50,000 less than the next available unit. It was built in 1981 and needs work but the value is certainly there.
There are two more that show considerable well. First one is listed for $865,000. It gets Shannon's BIS (Best In Show) award. It has a tropical feel and has had some great remodeling done.
The second BIS award for Bay Villas at Pelican Bay goes to the one that's listed for $949,000. This one offers bamboo flooring and other nice upgrades.
For more information regarding Bay Villas at Pelican Bay or any other Pelican Bay homes, please email shannon@shannonlefevre.com or call me direct 239-595-6223

Do You Have An Interest In Avalon at Pelican Bay?

Avalon at Pelican Bay is a gated code access condominium development located at the corner of Pelican Bay Blvd. and Hammock Oak Dr. situated at the north end of Pelican Bay. Units were completed between 1992 and 1994 and range in size from 1,274 square feet to 1,800 square feet. While some units are considered town homes featuring a one car garage, other units offer an assigned parking space. Many of the units offer tranquil lake views while some units offer landscaped and/or preserve views or of a park located to the north which is primarily a soccer field. To protect the tranquil environment, the rental policy in Avalon at Pelican Bay is limited to a maximum of a one time per year lease with a 30 day minimum requirement. A community pool, hot tub and clubhouse are included. The Pelican Bay community center is located just a short distance away along with the Pelican Bay Sandpiper beach club. See Avalon at Pelican Bay condos here.

Today's preview tour was through Avalon at Pelican Bay. Although 10 units were showing active today I learned the most expensive unit listed for $699,500 had recently been placed under contract and should be pending in MLS within the next day or so. Price range was between $399,000 and $599,000. The lowest priced unit needs work as did other units but is priced considerably under the next available unit which was $469,000. The carpet looks tired but it has recently been painted in a creamy white hue throughout and although most of the interiors are nothing to write home about, I think it's a decent value for somebody who doesn't mind a little redo.

If redo's don't interest you, there's one that has had some tasteful remodeling already including granite in the kitchen, a nice tumbled marble back splash and a pretty tile installed on the diagonal throughout the main living area. This unit was listed for $469,000. My favorite unit as far as decor was concerned has been tastefully remodeled and furnishings in this unit are negotiable not to mention it's being advertised with the Pelican Bay Foundation fee included in the price which was currently listed for $545,000.

There was another unit in Avalon at Pelican Bay that went under contract on August 18th. I did not have a chance to see this property before it was snatched up but it looked fantastic in the pictures. What is currently occurring in Avalon at Pelican Bay is actually normal for most luxury neighborhoods in Naples, Florida and should be expected. Units with great upgrades tend to sell better than ones needing improvements provided that the price is justifiable. If you are thinking about selling your Avalon at Pelican Bay unit, feel free to contact me for assistance.

If you have questions regarding Avalon at Pelican Bay or any Pelican Bay Communities, please don't hesitate to call me, Shannon Lefevre at 239-595-6223 or shannon@shannonlefevre.com.