Luxury real estate group, Naples Meridian, associated with Downing-Frye Realty, Inc. recently sold a high rise luxury condominium unit located in Naples, Florida. The transaction went off without a hitch and has created a flutter of excitement for future condominium sales within South West Florida.
In a stable real estate market, condominium sales have typically thrived and have not been the topic of headline news. However, over the past few years many buyers have been reluctant to invest in condominiums due to the exuberant losses that many investors endured during the market crash of 2008. Negative press surrounding the Florida condominium market has kept some buyers away, when in all actuality purchasing a condominium now would be advantageous given the historic low interest rates and lower property prices. Prospective buyers seeking a beach side condominium in South West Florida will find a variety of options, yet inventory levels have dropped from a year ago. In May 2011 there were 1,964 beach side condominium units available in Naples; as of May 2012 only 1,636 units remain.
One buyer couple, Mr. and Mrs. Alford from Texas did not allow the negative press regarding the South West Florida condominium market, deter their dream to relocate. They recently purchased a beautiful 3,500 square foot high rise condominium for $ 1.175 million through Fatima Khokhar Knapp of Naples Meridian. This new condominium is located within the prestigious Aqua at Pelican Isle development; a community which was recently acquired by Ironshore Capital, LLC.
The Texan couple began their quest to purchase a home with Khokhar Knapp after being referred to her by another agent. The couple was eager to survey options within Fort Myers and Bonita Springs, yet it was not until they visited Naples that they found the lifestyle and recreational amenities that they desired. The casual yet sophisticated atmosphere appealed to the couple along with the areas vast selection of shopping, restaurants and vibrant arts community.
Once the couple visited Aqua at Pelican Isle and realized all the development had to offer they knew they had found their new home. Khokhar Knapp was instrumental in educating the Alfords by presenting to them options throughout South West Florida. She outlined numerous communities and their corresponding amenities, all while keeping the Alfords' best interests and budget at the forefront of the selection process.
In the challenging luxury high rise condominium market, Naples Meridian was able to meet the needs of the buyers as well as aid in the negotiation process. The transaction was completed within 2 months from the date of the initial contract.
Mr. Alford recently stated, "Throughout the process, Fatima continued to show us a wide variety of opportunities consistent with our goals. She was very patient in working with us to ensure that we found the best residence in the best possible community, as opposed to just making a sale." He went on to say, "Fatima was professional in offering her input as to relative advantages and disadvantages of both residences and communities. Once we narrowed our list and ranked selections, she did an excellent job in negotiating offers and counteroffers."
Ironshore Capital, LLC presently has several condominiums for sale within the Aqua at Pelican Isle development. Khokhar Knapp believes that there is a limited supply of meticulously designed residences in Naples that offer the living space, amenities and breathtaking views of the Gulf of Mexico. Naples Meridian welcomes the opportunity to present the Aqua at Pelican Isle development to their domestic and international purchasers as the demand for newly built high rise condominiums has increased.
About Naples Meridian -
Naples Meridian, headed by Fatima Khokhar Knapp and located in Naples, FL is a widely recognized leader in the South West Florida luxury real estate market. Naples Meridian offers consultancy services and dedicated buyer/seller representation leveraged by a deep understanding of the exclusive Naples luxury real estate market. For more information visit: http://www.naplesmeridian.com
About Ironshore Capital, LLC -
Ironshore Capital, LLC was formed in 2007 to invest in value-oriented real estate opportunities. The firm's operating principles have extensive experience in residential and commercial properties. Their investment focus is on quality residential development assets in the Southeastern United States with long-term fundamental value.
About Aqua at Pelican Isle -
Aqua at Pelican Isle embraces its fortunate residents with an impeccable array of luxury, personal service and recreational amenities. The acclaimed design team has created a unique resort lifestyle in Naples. Amenities within the development include a spa, fitness center, rooftop deck, sky lounge, and movie theater, all managed under the watchful eye of a full-time concierge. For more information on this community visit: http://www.aqua-naples.com/
Read the full story at http://www.prweb.com/releases/2012/6/prweb9629137.htm
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