Naples Reserve saw strong 2018 sales activity

Naples Reserve saw strong 2018 sales activity

Posted on January 4, 2019

Sales activity remained strong in 2018 at Naples Reserve, iStar’s 688-acre community of Southern Coastal-inspired attached villa, single-family and custom estate homes in South Naples. There were 173 home sales at Naples Reserve in 2018, surpassing the number of 2017 sales, and Phase I of the community is now 55 percent sold.

“Buyers tour Naples Reserve and fall in love with the unique, lakefront lifestyle the community offers,” said Heather Thompson, Naples Reserve’s marketing manager. “Our 2018 sales numbers reflect that, and we look forward to welcoming even more new residents in 2019.”

For the community’s Phase I, 372 of the 675 homes have been purchased. In 2018, home sales occurred in all six of Phase I’s available neighborhoods. Buyers are responding to the variety of options available at Naples Reserve, including attached villas in Coral Harbor, mid-sized single-family homes in Egret Landing, Mallard Point and Savannah Lakes, larger single-family homes in Sparrow Cay and custom estate homes in Parrot Cay.

Phase I reached the 50 percent sold mark in October 2018, when David Geoffrey purchased a single-family home from Ashton Woods in the Mallard Point neighborhood and became Naples Reserve’s 338th buyer. When he decided it was time to downsize, he concluded that Naples Reserve was the perfect place for him to take that next step.

“The community aesthetics are grand,” Geoffrey said. “The entrance and the amenities they have at the clubhouse … The way it all presents itself is very pleasant and inviting. And the sales staff at Naples Reserve was very, very accommodating. It made the process fun for me.”

Created amongst 22 lakes and sweeping open water views, Naples Reserve emphasizes lakefront living with Southern Coastal-inspired homes and amenities along the water’s edge. Lakes provide prime opportunities for using the community’s Hydrobikes, kayaking, canoeing, paddleboarding and enjoying scenic vistas. The 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.

Developer iStar has completed the community’s initial lakefront resort-inspired amenities, including the $7-million Island Club social center featuring a 5,160-square-foot clubhouse and an adjacent 3,500-square-foot fitness center with state-of-the-art equipment and a movement studio for spinning, Zumba and yoga. Outdoors, an expansive, resort-style zero-entry pool offers dedicated lap lanes and ample room for relaxation.

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 residents’ 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. Naples Reserve also offers homebuyers along Eagle Lake the opportunity for a personal floating boat dock.

The lakefront Match Point complex, now open, offers residents access to five tennis and four pickleball courts. Nearby, the Walk & Wag dog park provides a place for residents and four-legged friends to enjoy together. An additional dog park – Paws Awhile – is also planned, as well as a Kid’s Cove playground and picnic area and a meandering linear park for biking, hiking and jogging. Navigating a loop road circling Naples Reserve, the two-mile park is designed to engage residents with their natural environment and provide an alternative mode of transportation throughout the community.

A best-selling community in South Naples, Naples Reserve offers 18 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 low $300,000s 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.

About iStar:

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.


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