Gulf Coast Associates

Second Home Owners Get No Flood Insurance Relief

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Congress drafted and approved a measure modifying the current Biggert-Waters Flood Insurance Act (signed into law by President Obama on 3/27/2014) giving homeowners in Florida some relief from skyrocketing premiums. However, second home owners are still out in the cold on their flood insurance premiums. While many lawmakers were initially behind the act which raised premiums to an amount more commensurate with the value of the coverage received, protests from many home owners in multiple ...

Canadians and U.S. Financing Options for Purchasing a Vacation Home

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The rates in the U.S. are very, very low and Canadians are eligible for financing programs through subsidiaries of their Canadian banks when purchasing a property in this country with a mortgage. In the past, many foreigners without green card access could borrow from institutional investors in the U.S. without much penalty – those options are no longer available. For you to obtain reasonable down payment and interest rate situations, applying through your Canadian bank subsidiaries ri...

Baby Boomers and Retirement Housing are like Oil and Water

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Statistically speaking, 40 million baby boomers will turn 65 by 2020. Forty. Million.  That's a lot of seniors - roughly 8,000 a day to be exact. That translates into some rather large changes in our neighborhood demographics across the United States, especially when you consider that today's active seniors are definitely not on board with being put out to pasture, or more to the point, shipped off to an old folk's home. ULI (Urban Land Institute) recently conducted a study on the ch...

Bonita Springs' latest: Luxury Single Family Homes at Bonita Lakes

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Bonita Springs has a new master planned community in the works. Bonita Lakes is a brand new gated community offering single-family estate and executive homes with gorgeous lake views. Built by Toll Brothers, Professional Builder Magazine's Builder of the Year for 2012, Bonita Springs' newest luxury community features lush tropical landscaping, wide boulevards, and superior build quality with attention to detail you won't find with many other builders. Two furnished models are currently on...

Mr. Roarke and Tattoo Approved: Real Fantasy Island North of Naples, Florida

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"Calling all Richard Branson types with millions of dollars burning a hole in their pocket... Have we got a deal for you!" Little Bokeelia Island, a 104-acre island in Pine Island Sound, northwest of Naples in Southwest Florida, is currently on the market. Originally developed by Charles Burgess (an American chemist and engineer who manufactured batteries through the Burgess Battery Company, now known as Duracell), the island, accessible only by floatplane or boat, is home to an updated Span...

Real Estate Recovery on the Rebound in Southwest Florida

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With commercial real estate sales in Southwest Florida giving a much needed boost to the area's real estate market, metropolitan Naples ranked #2 in the U.S. for the lowest industrial vacancy rate this month, posting a 4.2% overall rate of vacancy. Florida, on the whole, managed to squeeze out 3 of the top 10 spots with lowest industrial vacancy rates. Lakeland grabbed the #1 spot, and Clearwater / St. Petersburg came in at #7. The recovery in the housing market is seen to be linked to th...

Bonita Springs, Florida - 2012 Mid-Year Real Estate Sales Review

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The mid-year 2012 Bonita Springs real estate market statistics for both home and condominium sales are listed below. Bonita Springs is one of the most dynamic coastal communities within all of Southwest Florida. Known as the "Gateway to the Gulf", the city features numerous picture postcard perfect beaches, charming neighborhoods, and championship golf courses. Bonita Springs Real Estate Sales Data Total Sales of 949 versus 1,044 in 2011 - down 9%. 485 Homes Sold versus 518 in 20...

Luxury Florida Real Estate - 2011 End of Year Sales Review

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The following End of Year 2011 sales data covers some of the best locations for luxury properties in Florida. It includes the cities of Bonita Springs, Naples and Marco Island and will give you an idea of what the market is doing in the much sought after neighborhoods in places like Port Royal, Olde Naples, Pelican Bay, Barefoot Beach and Cape Marco. Luxury Florida Property Sales $1 Million - $2 Million Total Sales of 527 versus 463 in 2010 - up 14%. 315 Homes Sold versus 302 in ...

Florida Again Ranked in Top 5 for Best on Taxes

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Once again, Florida ranked in the Top 5 for best states for taxes on business according to the 2012 State Business Tax Climate Index report from The Tax Foundation. The index focuses on how a tax system enhances or harms a state's businesses by looking at dozens of state tax provisions to create the ranking – a single, easy-to-use score that measures each state's tax climate against every other state. While some states moved up and others down, Florida has remained very steady for e...

Sanibel and Captiva Island Real Estate - 2011 End of Year Sales Review

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The 2011 end of year Sanibel and Captiva real estate market statistics for both home and condominium sales are listed below. Captiva and Sanibel Islands are two of the most sought after destinations in all of Southwest Florida. Everything you could wish for from sunning, shelling, wave running, fishing, sailing, or just relaxing are available and most of it is just minutes away from anywhere you are located. Both markets offer many home choices that are just terrific; seaside condominiums...