Naples Real Estate Info Archives - Larry Roorda Realtor

SilverSpot Grand Opening

September 11, 2009 The new SilverSpot movie theater opens tonight at the Mercato in Naples. The SilverSpot is a luxury cinema with large custom made leather seats, a lounge, and a dining room. The lounge and dining room have dark hardwood floors and custom wallpaper. In addition to the normal concessions of other theaters, SilverSpot…

Brooks Club agreement withdrawn

Members have called of the agreement to purchase the Commons Club and Shadow Wood in the Brooks. The Bonita Bay Group have put in new demands which have members outraged. The new restructuring officer from the Bonita Bay Group said that they are no longer willing to take on liabilities of more than $250,000 for…

WCI under new ownership

WCI has emerged from bankruptcy, after filing for Chapter 11 protection in August 2008. It is now a private company, with the largest shareholder being a private investment firm. The Vice President of this company, Monarch Alternative Capital LP is also on the new board of directors for WCI. All of the previous shareholders and…

Mediterra clubs

The advisory board at Mediterra reached a partial agreement with their beach and golf clubs from the Bonita Bay Group. The agreement is tentative with the Bonita Bay Group, and is subject to the residents and members approval before being final. Talks with the developer are still ongoing, and members can buy the beach club…

Sales in July up 67 percent

The Naples Area Board of Realtors announced last Friday that overall home sales increased by 67 percent in July compared to the previous year. In addition to the increase in sales, there has been a 12 percent decrease in the inventory of homes. The supply of housing available dropped to an 18.7 month supply from…

Bonita Bay Group

Allegations have been brought up by some of its members that the Bonita Bay group may have been using a Ponzi scheme with the membership fees and the Attorney General’s Office is now involved in an investigation. The allegations have been made because members believe that the company was only able to pay out refunds…

June Sales Continue Increase for Naples

The overall pending sales for the last year ending in June 2009 have increased 69% over the previous year. Median prices have fallen in the previous year, but seem to be steadying. This report was put out by NABOR last week, as well as the report for the second quarter of the year. The steady…

Bonita Bay Group’s golf course problems

Sales Surge 36% in Naples

Home sales for the past year ending in the month of May for 2009 show an increase in sales of 36% higher than the previous year. Overall pending sales for the greater Naples area went up 101 percent in May with 1,029 pending sales compared to 511 pending for May in 2008. The number of…

Condominium update #1

This update includes 10 buildings from the Moorings are on the Gulf and the Bay. The buildings in the first update include: Cloisters, Billows, Shores of Naples, Admiralty Point I, Admiralty Point II, Yacht Harbor, Spindrift, Windemere, and Gulf Bay apartments. Pictures have been added to Windemere and Miramar building pages on NaplesMoorings.com The building…