Sometimes it is very difficult to understand how individuals value their property, especially real estate. The condos for sale in the Esplanade Club Naples, Florida are a prime example of this phenomenon. There is no doubt that this 19 story building is in a prime location directly on the beach in Park Shore with potentially spectacular views of the Gulf of Mexico as well as Venetian Bay. Neighboring buildings include Aria and Solamar to the south, and Enclave at Park Shore and Vistas at Park Shore to the south, plus the great dining and shopping opportunities available at The Village on Venetian Bay, just a couple of blocks away. There is no lack of amenities, with a pool, spa, fitness center, meeting room, direct beach access, outdoor gas grills, tennis and around the clock front desk service all available.
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At the present time there are 5 condos for sale in the Esplanade Club Naples, Florida, all of which have 2 bedrooms and 2 baths. The least list price is $665,000 for a unit on the 4th floor that has nearly 1,700 square feet of living area, and that is being offered turnkey furnished. There is another residence of the same size, directly 4 stories higher, that has an asking price of $869,000, unfurnished. This equates to more than $50,000 per floor, even without furnishings, which is quite excessive.
This is especially true when there are 2 very similar sized units, one on the 18th floor and the other two stories below, that are on the market for $879,000 and $899,000 respectively. The valuation thoughts become even crazier regarding the condos for sale in the Esplanade Club Naples, Florida considering another unit down on the 4th floor. While this one is roughly 100 square feet larger than the first one mentioned, this one is unfurnished yet carries a list price of $899,000, more than 33% higher! I guess beauty really is in “the eye of the beholder.”
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This blog was originally posted on July 1, 2014. For current MLS information please click on any link within the blog or click here http://ChrisAndDick.com
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