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Mediterra reports five-year record highs

by MED Marketing

NAPLES, Fla. (Aug. 12, 2014) – New homes sales at Mediterra continue to mirror buyer confidence in the Naples luxury real estate market, with closing sales for 2014 increasing 30 percent over 2013.

The strong showing correlates to the Naples Area Board of Realtors’ July report declaring increased sales throughout the region for new and existing homes priced over $1 million. NABOR also reported a 42 percent increase in sales of homes priced at $2 million and up from the second quarter of 2013 to 2014.

January’s $16.8 million in new-home sales was a five-year monthly high at Mediterra. The median price for new homes in Mediterra is also on the rise, reaching a monthly high of $2.8 million in June.

Mark Wilson, president and CEO of London Bay, echoed NABOR’s enthusiasm about the area’s luxury market. “It’s not an anomaly,” he said. “We’ve seen continued improvement in sales since the market began turning the corner toward the end of 2011. The first half of this year has been bustling with activity.”

Sales in Mediterra included five of the seven model homes featured in London Bay Homes’ Showcase of Model Homes in March, which attracted nearly 2,000 visitors to home tours and VIP events. Four of those homes sold for more than $2 million, including the single-family Annalisa at more than $3.8 million.

The Girona and Delfina models sold within a month and two months of completion, respectively, Wilson noted.

Model home sales accounted for about $12.2 million.

“Our model homes really resonate with buyers,” said Wilson. “Our in-house architectural team adds great detailing that makes each home unique, and the professionals at Romanza Interior Design create different looks that are classic yet visually appealing and distinctive. The big bonus with a model home is knowing that you can move in and begin enjoying the Mediterra lifestyle without waiting for the homebuilding process to unfold.”

Mediterra is now 90 percent sold, with single-family estate and luxury villa homesites remaining in six of 21 neighborhoods in the community.

“We’re building and buyers are coming,” said Wilson, adding his company has several model homes in various stages of construction in addition to private residences. “Mediterra really offers an unbeatable lifestyle – championship golf, beautiful homes and a fully appointed, private beach club. You’re not going to find this combination in any other community.”

London Bay Homes, a leader in the Naples luxury home market for more than two decades, was one of only two companies named America’s Best Builder by Builder Magazine in 2008.

The 1,700-acre master-planned Mediterra is the eight-time winner of the Collier Building Industry Association’s Sand Dollar Award for Community of the Year and received a 2013 Aurora Award for Best Residential Development in the Southeastern United States.

Mediterra offers an array of lifestyle amenities, including the member-owned Club at Mediterra with two Tom Fazio-designed championship courses and the private 10,000-square-foot Beach Club on the Gulf of Mexico, featuring an elevated swimming pool, casual dining with a full bar, and valet service for beach chairs, umbrellas, and beverage and food menus.

Mediterra’s onsite amenities include themed neighborhood parks; eight miles of walking and jogging trails; a fitness complex with tennis and bocce courts, a pool and spa services; and the 32,000-square-foot clubhouse offering formal and casual dining prepared by a staff of award-winning culinary experts.

Recent renovations expanded The Club at Mediterra’s terrace and added a fire pit to the popular Tavern lounge, which serves gourmet brick-oven pizzas, seasonal salads and open-air grilled entrées.

Mediterra’s Golf Learning Center offers indoor and outdoor hitting stations, video equipment with launch monitor, a 2.5-acre short game practice complex with three greens, and a staff of certified PGA professionals. Membership opportunities at Mediterra are limited to just 225 members per 18 holes.

All of the community’s amenities are membership-owned.

Mediterra’s master plan includes more than 1,000 acres dedicated to open space with golf, parks and nature preserves.

Since December 2009, London Bay Homes and affiliates have managed all new home sales and marketing for the luxury community. Resale properties are listed through Mediterra Realty.

Available home designs in Mediterra include single-family estate homes and single-family maintenance-free villas priced from the $800,000s to more than $7 million.

For more information about Mediterra, visit www.ExperienceMediterra, call toll-free 866-918-3354 or visit Mediterra, located on Livingston Road, two miles north of Immokalee Road and west of I-75.

Mediterra Naples Naples Real Estate London Bay Homes Mediterra Mediterra Homes News

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