Naples-based London Bay Homes, is preparing to introduce The Estates at Cortile, a single-family luxury enclave within Bonita Bay’s Mediterra community. The Estates at Cortile will include a total of 46 home sites, 28 for villas and 18 for spacious estate homes.
The fact that London Bay is moving ahead with a new community in this market may surprise some people, but for Mark Wilson, president of the company, it’s a strategic decision.
“Economists have many views about the real estate economy in Southwest Florida,” he says. “Our view is that the market will recover more quickly than some people believe. Homes are an incredible value right now, and this region is one of the most attractive retirement and second home destinations in the United States.
“Smart people understand these dynamics. It’s not surprising that we are seeing a higher level of traffic and interest from potential buyers.”
Mr. Wilson believes the new luxury homes will be uniquely appealing to people in this market for several reasons.
“This village represents the last chance to build a new residence on an estate home site in Mediterra,” he says, adding, “We have created some captivating designs that deliver exceptional value for the dollar. And these homes are maintenance-free, which is an appealing feature in this market.
“These are just some of the reasons we are confident in opening The Estates at Cortile at this time.”
Buyers will select from 13 floor plans and a number of different designs reflecting Tuscan- and Mediterranean-style architecture. The five villa homes range from 3,000 square feet to 4,300 square feet and are priced from $1.7 million, including the home site. The eight estate plans range from 4,200 square feet to 6,300 square feet and begin at $2.4 million, including the home site.
The Estates at Cortile will contain some of the best-view remaining in Mediterra, Mr. Wilson says, adding the home sites have lake, golf course and preserve views.
The Estates at Cortile also provide home buyers the opportunity to obtain an equity or social membership in The Club at Mediterra, which has two Tom Faziodesigned golf courses, a 25,000-square-foot clubhouse and The Sports Club with five Har-Tru tennis courts, an outdoor pool, three spa rooms and fitness center. The private Mediterra Beach Club on the Gulf of Mexico features an elevated swimming pool, sundeck and dining. The community also has miles of bicycle paths, nature trails and neighborhood parks.
source: floridaweekly.com

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