Quail West Naples Florida is a FABULOUS golf course community that had seen its fair share of bumps and bruises when the economy went south. Ginn Development the entity who purchased the remainder of the development back in 2005 lost their interest in Quail West due to bankruptcy earlier this year. Quail West in fact was one of the first golf communities to endure some hard core drama but another group legally called QW 2009 Investors LLC purchased the development in April of this year and although there are still some clouds of uncertainty it appears the skies are beginning to clear and the sun is starting to shine once again!
There have been a total of 5 closed sales in Quail West so far this year with another 3 homes currently pending contract. That may not seem like alot but there were only 8 homes that sold last year, 5 in 2007 and 4 in 2006 according to the Naples area MLS and it looks like interest is picking up for sure!
The extra traffic is of no big surprise if you take a deeper look. Pricing has become so outstanding in Quail West it's making it almost impossible for smart people to shy away. In fact, the couple I assisted just this past month searched high and low before deciding on a model home located in Quail West. He is the Chief Financial Officer for a large company and searched high and low making his selection with precision. They made an offer in Pelican Marsh and one advertised as a short sale in Quail West before finally getting a tremendous deal on the home they purchased. It proves that diligence can pay off if you pay attention to facts and figures for sure! Now this isn't to suggest the club is without problems. There's still some tweeking going on but the risk is certainly minimized when you look at the prices on some of these properties.
Currently there are 40 Quail West homes (just over a 4 year inventory) and although some of these aren't what I could consider "deals" there are still some tremendous deals to be had not to mention some truly exceptional and unique homes. The other factor is that most of these beautiful homes are located on extraordinary lots. It's difficult, in some cases impossible, to find newer homes in Naples located on spacious lots without having to sacrifice for location or amenities.
Talking about lots...there are currently 37 Quail West lots for sale some of which have been grandfathered in which may mean you're not required to have a membership to the golf club (if golf isn't your cup of tea) and/or use a preferred builder. At one time you couldn't find anything for under $300,000 (if memory serves) and today you can buy a lot bigger than a half acre in Quail West for just a bit over $100,000! You'll want to get on that too if you want to capture the best deal!. One is currently pending and another has already closed.
For more information regarding Quail West, give me a shout! I'm happy to assist!
Best Regards,
Shannon Lefevre, PA
Your Naples Smart Girl!
Shannon Lefevre, PA
Your Naples Smart Girl!
239-595-6223
www.ShannonLefevre.com
“The opinions expressed herein are those of the author and do not necessarily represent the views of John R. Wood Realtors.”
