Pelican Bay is an exclusive development located directly off of Tamiami Trail N and Vanderbilt Beach Road. It is an outstanding location filled with lots of dining, shopping, and of course Pelican Bay's own private beach. There are so many amenities available to Pelican Bay homeowners. The types of homes vary from low-rise condos, high rise condos, villas, and of course single family homes. Prices range from the mid $200,000's all the way up to beachfront estate homes over $10,000,000.
Today I thought I would focus on one of their most popular low rise condo subdivisions known as Breakwater. They are labeled as condos but they are actually considered coach homes. Each unit has a gorgeous view of a large lake with a fountain. It is a serene and peaceful subdivision with prices ranging from the mid $400,000's to $600,000.
Current 2010 Breakwater at Pelican Bay Statistics:
Closed in 2010: 8
Average Sold/List %: 90%
In the years between 2005-2008 the average sales price was $715,090. Prices are much lower.