If you were one of the first people to purchase in the Biltmore at Bay Colony, you made a smart investment.
According to the Collier County tax records the lowest priced unit to ever sell in Biltmore was only $815,000. I'm sure back in 1997 when the building opened that may have seemed like a pretty expensive venture but as time rolls on, sales throughout the years have proven it was a sound investment.
Of course not everyone purchases properties in The Biltmore at Bay Colonysolely for investment reasons. Afterall, it is one of the six condominium gems lining the beachfront in Bay Colony. It makes sense that person who purchased their unit for the now considered low, low price of $815,000 still owns the unit. If you had a view like this to look at everyday, maybe you wouldn't be so quick to sell either.
One thing is for sure, you'll never miss a sunset from one of their glorious lanais!
Now one might venture to guess that if the building was completed in 1997 that it might be starting to show its age. Although it doesn't show brand new, the common areas are still very elegant and a far cry from something showing its age!
The Biltmore is a magnificent building with beautiful decor. No wonder why a penthouse owner paid well over $6,000,000 last year and the another paid $7,000,000 (the highest price paid to date) in 2003.
Today there are only two units available in The Biltmore. Those are price between $3,500,000 and $3,695,000 and offer those fabulous views discussed earlier. If you'd like to see them, give me a shout. I'd be happy to set an appointment for you!
Best Regards, 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.”
