Pelican Bay Naples Florida Low-Rise Condos

The Pelican Bay Naples Florida low-rise condo market has STABILIZED!

I'm excited to report the inventory of low rise condos in Pelican Bay are finally in balance with current demand. 

Currently there are 91 Pelican Bay condos for sale (low-rise meaning 1-2 floors)

There have been 91 Pelican Bay low-rise condos sold during the last 12 months.

4 low-rise condos are currently under contract.

Low-Rise Pelican Bay condo subdivisions that are hot:

Breakwater at Pelican Bay = Breakwater at Pelican Bay has had a whopping 10 sales during the last 12 months and only has 6 units available.  The best deals in Breakwater at Pelican Bay have already sold.  I believe negotiations are tightening here and pricing could start going up if it hasn't already.

Glencove at Pelican Bay = UNDERSUPPLY!  6 units have sold during the last 12 months with only 3 remaining on the market. There is a ridiculous deal in there right now!

Pebble Creek at Pelican Bay = 6 sales during the last 12 months with 5 currently listed. There were some fabulous deals in there this year but there are still 2 nicely priced units currently available!

Pointe at Pelican Bay = 8 sales during the last year with only 3 currently available.  There were crazy deals done here this year.  If there's another deal like the ones during the last 12 months it is not readily identifiable. Let me do some research for you if you're interested.

San Marino at Pelican Bay = 6 sales during the last year with only 2 currently available.  There's still a nicely priced unit here!

Sanctuary at Pelican Bay = 6 sales during the last 12 months, only 3 left!.  There might be a slight increase in pricing here.

Willowbrook at Pelican Bay = 7 sales during the last 12 months with 4 left. There's a really nice priced listing left here.

Pelican Bay Low-Rise condo subdivisions that are holding there own:

Barrington Club at Pelican Bay = 4 Barrington at Pelican Bay condos are currently for sale, 1 is currently pending and 4 have sold during the last 12 months.  Pricing has started to come up here. I wouldn't be surprised if sellers aren't tightening negotiations now.

Chanteclair Maisonettes at Pelican Bay = Not much to report other than 1 has sold and 1 is currently available for not much more than the other sold.

Renaissance at Pelican Bay = 1 available, 1 sold during the last 12 months.

St. Lucia at Pelican Bay = 1 sale during the last year, 1 available.

St. Thomas at Pelican Bay = 1 available, 1 sale during the last year.


Pelican Bay Low-Rise condo subdivisions still with an oversupply of inventory:

Avalon at Pelican Bay = There's a two year supply of inventory here with 8 Avalon at Pelican Bay condos currently listed and only 4 that have sold during the last 12 months.  I'm not seeing any "deals" on paper right now but a little investigation might uncover one. Be prepared to do some due diligence to find it.   The best deal sold for just over $300,000 in April.

Crescent at Pelican Bay = It's almost a sin to categorize Crescent at Pelican Bay in the oversupply group considering there are 6 units available and 5 have sold.  There are still some nicely priced properties here if you are interested in this location, I would not hesitate long.

L'Ambiance at Pelican Bay = There have been 12 sales this year and although that's excellent movement, technically there's still a slight oversupply here with 14 L'Ambiance at Pelican Bay condos for sale.  While it doesn't readily appear there are any super deals to be had, a little investigation might prove otherwise.

Laurel Oaks at Pelican Bay = 5 sales during the last 12 months with 6 currently on the market makes it hard for me to put it in the oversupply section but...that's the deal. There have been ridiculous deals that have closed in here and there are some GREAT deals in there now!

Lugano at Pelican Bay = 2 closed during the last 12 months and 3 currently available. There is a ridiculous deal in here right now!

Serendipity at Pelican Bay = 6 currently for sale only 2 have sold during the last year.  Not too much to report here.

St. Simone at Pelican Bay = 4 currently available, 1 sold during the last year.

Valencia at Pelican Bay = 6 currently available, only 2 have sold at crazy prices. It appears there's been a major price hike here.

Even with the news that the Pelican Bay low-rise condo market has stabilized you can see there are some pockets doing better than others and even with the last year's success, there are definitely deals to be had. 

If you are interested in Pelican Bay condos, contact me direct!

Best Regards,
Shannon Lefevre, PA
Your Naples Smart Girl!