Naples Reserve home sales surpass $90 million
Naples Reserve, iStar’s 688-acre community of Southern Coastal-inspired attached villa, single-family and custom estate homes, has surpassed the $90 million mark in home sales to date.
As one of south Naples’ fastest-selling master-planned communities, Naples Reserve reported the sale of 186 homes within six of its distinctive neighborhoods.
Egret Landing has maintained its lead as the community’s most popular neighborhood with its offering of lake- and nature-view single-family homes. More than 38 percent of homebuyers selected from the collection of one- and two-story homes with three- to four-bedrooms and up to three-and-a-half baths from Ashton Woods and D.R. Horton, starting from the mid-$300,000s.
Savannah Lakes is another sought-after neighborhood that features fresh designs – including some with extended lanais, outdoor kitchens and fireplaces. The neighborhood’s one- and two-story homes offer three to four bedrooms and up to four-and-a-half baths from the high-$300,000s.
Coral Harbor, Naples Reserve’s newest neighborhood of two-bedroom, two-bath attached villa homes introduced earlier this year made a strong debut with more than 15 percent of the community’s total sales. The D.R. Horton-built villas start in the high-$200,000s and offer lake and preserve views.
“Naples Reserve visitors are intrigued by the idea of a lakefront lifestyle” said Don Mears, vice president/land and development with iStar. “But when they see our distinctive home designs and quality construction and learn about our reasonable homeowner association fees, they become even more interested in being homeowners.”
Naples Reserve was created by iStar, which was named 2015 Developer of the Year by Builder and Developer magazine for its commitment to creating exceptional communities and lifestyles with an emphasis on energy efficiency and environmental stewardship.
Created amongst 22 lakes and sweeping open water views, the 688-acre community emphasizes lakefront living with Southern Coastal-inspired homes and amenities along the water’s edge. Lakes provide prime opportunities for kayaking, canoeing and paddleboarding, and scenic vistas. The community’s centerpiece 125-acre Eagle Lake features a large tiki hut on destination Kontiki Island and also offers a mile-long stretch of lakefront nestled against the Picayune Strand State Forest, a 76,000-acre state park with protected pinelands, cypress swamps, marshes and abundant wildlife.
The Island Club offers an expansive, resort-style, zero-entry pool with a tropical waterfall and dedicated lap lanes, along with nearby bocce ball courts and a white-sand beach for lounging.
Indoor and alfresco gathering areas at the Island Club include a lakeside fire pit and casual beverage and dining options at the Chat ‘n Chill Tiki Bar and Latitudes Cafe.
At the Outrigger Center, a variety of watercraft options are available for resident use, as well as a flex-space available for game days, special events and other activities. Cruises on the community’s two Duffy electric boats depart from the center’s floating docks for residents to explore Eagle Lake and Kontiki Island.
Homebuyers can add private floating boat docks to available lots bordering Eagle Lake, where residents can enjoy electric boats, as well as boats with motors up to 2.5-horsepower.
The lakefront Match Point complex, now open, offers residents access to five tennis and pickleball courts. Additional planned amenities include a Kid’s Cove playground and picnic area, two dog parks – Walk & Wag opening soon and Paws Awhile in 2018 – and a meandering linear park for biking, hiking and jogging. Navigating a loop road circling Naples Reserve, the park is designed to engage residents with their natural environment and provide an alternative mode of transportation throughout the community.
Naples Reserve residents receive complimentary one-year social memberships at Walker’s Hideaway Marina of Naples, a yacht club along the Gordon River offering a marina, indoor storage for 600 boats, two waterside restaurants, outdoor pool and sauna, and access to Naples Bay.
One of the best-selling South Naples communities, Naples Reserve offers 16 fully decorated models available for viewing, built by Southwest Florida’s premier homebuilders, including Ashton Woods, D.R. Horton, Florida Lifestyle Homes, KTS Homes, Lundstrom Development, Marvin Development, McGarvey Custom Homes and Stock Signature Homes. Homes are priced from the high-$200,000s to more than $1 million.
Naples Reserve is located off U.S. 41, 2 miles southeast of the Collier Boulevard/CR 951 intersection and 10 minutes from I-75, Exit 101. Visit the community at 14885 Naples Reserve Circle or online at www.naplesreserve.com.
About iStar Land & Development:
iStar Land & Development creates unique communities, considering the best use of the land with a focus on future residents. iStar has financed and invested in over $10 billion of residential projects since 1993, making it one of the largest investors in luxury condominium, multifamily and master-planned residential developments in the U.S. Its portfolio has included interests in over 18,000 condominium units in the nation’s top markets, and 65,000 acres in master-planned communities with the potential for an estimated 50,000 single-family and multifamily units. Offering a fully integrated platform, the team includes best-in-class developers, architects, builders, marketers and community liaisons.
iStar (NYSE: STAR) finances, invests in and develops real estate and real estate related projects as part of its fully integrated investment platform. Building on over two decades of experience and more than $35 billion of transactions, iStar brings uncommon capabilities and new ways of thinking to commercial real estate and adapts its investment strategy to changing market conditions. The company is structured as a real estate investment trust, with a diversified portfolio focused on larger assets located in major metropolitan markets. Additional information on iStar is available on its website at www.istar.com.