luxury

Spend the winter in this stunning Lely Resort pool home!

8924 Mustang Island Circle

From the moment you drive up, you will notice the manicured grounds and landscaping which set the tone for this home. Upon entering, you’re welcomed by a combination of open spaces and contemporary style with clean lines and sleek decor. This Belmont floor plan boasts over 2,100 square feet of air-conditioned space with two bedrooms, two full baths, den, great room with tray ceilings and crown molding. Updated in 2016, this home offers a new eat-in kitchen with breakfast bar, quartz countertops, top-of-the-line stainless steel appliances/hood, tile backsplash, new washer/dryer, new carpeting in bedrooms/den, recessed lighting, freshly painted interior/lanai and new air-conditioning system installed in 2017. The screened lanai offers a heated pool and covered seating space, ideal for social gatherings and provides a peaceful, private setting as the home backs up to a preserve.

Offered at $565,000

Contact Michelle Thomas for more information at 239-860-7176

About Lely Resort

Your membership provides access to The Players Club & Spa, a retreat where you can enjoy formal/informal dining, resort-style pools, fitness center, tennis, spa, programs and more. You can also have access to two golf courses within the community and a third private course which is available if desired.

Luxury Living in Lely Resort – Golf Community – Naples, Florida

Lely Resort is a fantastic golf course community in Naples, Florida. Voted Community of the Year 5 consecutive years, Lely offers several world-class golf courses, an abundance of amenities (Players Club and Spa, fine dining, fitness center, resort-style pools, nature trails and tennis, to name a few) and 40 different residential communities to choose from.

Located just 10 minutes from the glorious white sand beaches, plus downtown Naples’ famous 5th Avenue shopping and dining mecca, Lely is the perfect place to call home.

And this STUNNING estate home could be YOUR perfect home!

For more information about Lely Resort community, this home, or any other Naples, Florida real estate questions, please contact Michelle Thomas at 239-860-7176

Hideaway Beach Ocean-Front Estate – Paradise Found!

Paradise awaits!

Displaying exquisite architectural details and enjoying a magnificent beachfront position, this impressive residence bears all the characteristics of a quality property. Located in the gated community of Hideaway Beach, this remarkable masterpiece offers a welcoming entry that frames the endless views of the Gulf of Mexico. Stately proportions, high ceilings, gracious living and dining areas with glass doors that transition living from indoor to outdoor are defining characteristics of this extraordinary home. Entertaining is made easy with an eat-in kitchen that displays state-of-the-art appliances, guest rooms featuring en-suite baths and a master suite fitted with luxurious appointments and access to an adjoining beachfront terrace. Outdoors, the multiple verandas set the stage for dramatic sunsets, and the inviting swimming pool and spa provide a perfect setting for relaxation or entertaining. An active resort lifestyle is enhanced with access to the Hideaway Beach Club, which features an array of social and recreational activities that include golf, tennis, fitness, a spa and beachfront dining.

This home is located at 1002 Royal Marco Way on Marco Island. Call Michelle Thomas at 239-860-7176 for more information.

Dreaming of a beachfront retreat?

If you’re looking for the perfect beachfront home for luxury and relaxation, look no further than this stunning estate on Marco Island.

Sunset views over waters of the Gulf enhance the architecture of this beachfront estate home. Nestled among tropical foliage, this home is located in the private country club community of Hideaway Beach. Comprising 8,873 square feet of luxury, spread over three levels, this four-bedroom, four-bath residence offers sun-kissed interiors and views from virtually all rooms. Eight beachfront terraces allow for relaxation or entertainment. Living room has volume ceilings and transom windows, making the best of the views and natural light.

A well-equipped kitchen highlights a large island with casual bar seating and separate dining area provides an array of amenities for receiving guests. Master bedroom offers a retreat with views and master bath evokes serenity with soft-colored granite and cabinetry, inspired by the colors of the coast. Private guest suites provide comfort and space. Additional highlights include elevator, plantation shutters, crown molding, spiral staircase, generator, impact-glass doors and windows, security system, water softener and reverse osmosis. Residents enjoy social and recreational activities that include golf, tennis, fitness, spa and beachfront dining.

If this sounds like the perfect place to call home, contact Michelle Thomas for more information at 239-860-7176

For Sale – 9142 Cherry Oaks Lane #201 Naples, FL 34114

13-LanaiLuxury Coach Home Overlooking Expansive Golf Course and Lake Views!

Enjoy this immaculately maintained, very lightly used, luxury coach home overlooking expansive golf course and lake views, and offering preferred southern exposure. This is truly one of the best positions in the community.

This end unit features ample natural light and an excellent private location, with views from the lanai, as well as lake views to the front. The lane is very quiet as it is not a through street. There is room for a future elevator should you desire.

Kitchen offers gas cooking, tile backsplash and pantry. Features include plantation shutters and tiled lanai. Inviting master bath has dual sinks, vanity, soaking tub and large shower.

15-PoolEnjoy the community pool, just a short distance away, or take in the highly rated amenities at the award-winning clubhouse featuring swimming pools, sauna, waterfalls, poolside bar and grill, spa services, state-of-the-art fitness, tennis and fine dining restaurant. Golf, beach and boating memberships are also available. From the world-class resort-style amenities to pristine, kept grounds, this community offers a luxurious lifestyle that is truly like living a dream. Great location convenient to all that Naples and Marco Island offer.

To view the full description and collection of photos for this home please visit www.9142CherryOaks-201.com!

Contact Michelle Thomas for All Your Real Estate Needs! For more information or to schedule a showing visit www.MarcoNaplesArea.com or email Michelle.Thomas@SothebysRealty.com. Let me make your home selling and or buying experience one of a kind!

9142 Cherry Oaks Lane #201 Naples, FL 34114

Price: $549,995

3 Bedroom | 3 Full Baths
3,010 Square Feet

Listing ID #216011331

For Sale – 818 Magnolia Court Marco Island, FL 34145!

17-Aerial ViewSF Waterfront – Direct Boating Access with Dock

Imagine enjoying spectacular expansive western water views for stunning sunsets, quick direct boating access with dock and lift, and an expansive outdoor living area with private pool and spa overlooking the water.

Beautifully located on a waterfront cul-de-sac tip lot, this light and bright, well-maintained home is surrounded by lush landscaping and showcases a double door entry, two-car garage, plantation shutters, accent and cove lighting, security systems, paver driveway, interior speakers, coat closet, linen closet, laundry room with sink, built-in cabinets in master and garage and an amazing extended, screened lanai for experiencing an amazing indoor-outdoor lifestyle. Large open eat-in kitchen has built-in desk, double oven and breakfast bar.

8-Living Dining and Kitchen

Boat dock, built in 2007, has 13,000-pound lift. New seawall in 2007. New screen enclosure in 2008.

Nearby, you will find award-winning beaches, such as the gorgeous Residents’ Beach, excellent restaurants, shops, theater, art center, miniature golf, history museum, golf courses, pickleball, paddle boarding, tennis, marinas and yacht clubs, library, parks, excellent fishing and everything to live the island life worthy of your dreams.

To view a virtual tour of this amazing home Click Here!

Contact Michelle Thomas for All Your Real Estate Needs! For more information or to schedule a showing visit www.MarcoNaplesArea.com or email Michelle.Thomas@SothebysRealty.com. Let me make your home selling and or buying experience one of a kind!

Things to think about before renting

Questions.jpgThe first home purchase can be the culmination of years of planning and consideration. Buyers typically look for 12 weeks and use a variety information sources for research before purchasing. However, many renters are not near as thorough in their study.

Like any other commitment a person makes, careful consideration and understanding is required. There are things that every renter should know before they rent a home or apartment.

  1. A lease is a binding, legal document.
  2. Understand the lease before signing and ask questions.
  3. Get the complete agreement in writing instead of verbal statements.
  4. Tenants have rights too and they vary depending on the state and city.
  5. Tenants need renter’s insurance for their personal belongings and liability.
  6. The landlord is responsible for a habitable and safe environment and should typically pay for repairs due to normal wear and tear.
  7. Do a walk-through of the property before signing a lease.
  8. Don’t withhold the rent to settle a disagreement with landlord.
  9. The landlord must return your deposit or tell you why it is being held in a reasonable time.
  10. It may cost you considerably less to own the home than to rent.

With the exceptionally low mortgage rates available, the house payment including taxes and insurance can easily be less than the market rent of a home. By the time you factor in appreciation, forced savings due to amortization, leverage and tax savings, the actual cost of housing could be close to half of the rent even if a reasonable repair allowance is factored. Check out your net cost of housing.

net cost of housing.png

Presenting a strong offer

iStock_000019216251Small-250.jpgIt’s disappointing, frustrating and sometimes, discouraging when you lose a home you want to buy.

One of the hardest lessons for today’s buyers is that writing an offer doesn’t mean that you’ll get the home or even a counter-offer.   The low inventory affecting many of the housing markets requires a different strategy to give you the best chance to get the home you want.

  1. Make your best offer initially; you may not get a chance to accept a counter.
  2. Submit a written pre-approval letter from the lender.
  3. Increase earnest money above what is considered normal.
  4. Make a larger down payment.
  5. Eliminate unnecessary contingencies.
  6. Don’t ask for personal property not included in the listing agreement.
  7. Pay your own customary closing costs.
  8. Shorten the inspection period.
  9. Buy the home “as is” subject to inspections which still allows you to get your earnest money back if the inspections are unacceptable but doesn’t require the seller to make repairs.
  10. Write the seller a hand-written, personal letter telling them why you want their home; include a picture of your family.
  11. Offer to use the seller’s or listing agent’s preferred title company.
  12. If you can pay cash, do so and arrange financing after closing.   Be prepared to show proof of available funds.
  13. Schedule the closing as soon as possible but let the seller know you can be flexible.
  14. Once you decide on a home, act with expedience.
  15. Ask your real estate professional if they have any other suggestions.

Think of making an offer like applying for a job.  You want to make your best impression and show why you are the best choice.   You won’t always know that there are multiple offers.   Approach the process like the competition is doing their best to get the home.

Rules for real estate investments

rules3.pngThe profit potential in single family homes for investment has been a consistently good long-term investment. They offer investors the opportunity of high loan-to-value mortgages at fixed interest rates for 30 years on appreciating assets, tax advantages and reasonable control that other investments don’t offer.

Last year, Warren Buffett said that if he had a way of buying a couple hundred thousand single-family homes, he would load up on them. Blackstone group L.P. (BX) has now purchased over 30,000 homes and American Homes 4 Rent (AMH) has more than 19,000 for rental purposes.

Individual investors actually have an advantage over the institutional investor but if they are not familiar with rental real estate, some basic rules could be very helpful.

1. Invest now to get more in the future.     Whether it is time, effort or money, the prudent investor is willing to forego immediate gratification for something more at a later date.

2. Real estate is an IDEAL investment.     IDEAL is an acronym that stands for income, depreciation, equity build-up, appreciation and leverage.

3. Invest in single family homes in predominantly owner-occupied neighborhoods at or below average price range.     This strategy should involve homes that will increase in value, rent well and appeal to an owner-occupant in the future who will pay a higher price than an investor.

4. Location, location, location.     The same homes in different areas will not behave the same. You can improve the condition, modify the terms or adjust the price but the location can’t be changed.

5. Understand your strategy – buy and sell, buy and hold or buy, rent and hold.     These three distinct strategies involve big differences in acquisition, management and taxation.

6. Know where your profit is coming from before you invest.     The four contributors to profit are cash flow, appreciation, amortization and tax savings. They don’t contribute equally or the same in all investments.

7. Profit starts with purchase.     Buying the property below market value builds profit into the investment initially.

8. Risk is directly proportionate to the reward involved.     An investment that has a high degree of upside also will have considerable downside possible.

9. Avoid functional obsolescence unless you have a plan before you buy.     The lack of usefulness or desirability of a home that exists when you buy it will still be there when you sell it. Unless it can be cured, it will affect future profit.

10. Good property + good tenant + good management = great investment. These are three solid components for a successful investment.

11. Problems left unresolved have a tendency to get worse.     It is generally cheaper in time or money to fix a problem earlier rather than later.

If you’d like more information about the opportunities in our market, contact me.

Home improvements

Register-250.jpgThere is a significant difference in how the money you spend on your home is treated for income tax purposes.   Repairs to maintain your home’s condition are not deductible unlike rental property owners who can deduct repairs as an operating expense.

On the other hand, capital improvements to a home will increase the basis and affect the gain when you sell which may save taxes.

Additions to a home or other improvements that have a useful life of more than one year may be considered an increase to basis or cost of the home.   Other increases to basis may include special assessments for local improvements like sidewalks or streets and amounts spent after a casualty loss to restore damage that was not covered by insurance.

Unlike repairs, improvements add to the value of a home, prolong its useful life or adapt it to new uses.

You can read more about improvements and see examples beginning on the bottom of page 8 of IRS Publication 523.   For a form to keep track of money you spend, print this Improvement Register.