InvestorsHub Logo
Followers 0
Posts 75440
Boards Moderated 6
Alias Born 05/24/2005

Re: balamidas post# 1059

Wednesday, 04/16/2008 4:08:18 AM

Wednesday, April 16, 2008 4:08:18 AM

Post# of 4003
"CAROLYN, PHILLIP, STEPHANIE" Let me take a guess:

Look at these floor plans....lol named after the kiddies


http://www.floridarealtyfinder.com/Floor_Plan/FortMyers_Monaco_Floorplan.pdf


UNITS ARE RESERVING FAST

The Monaco Resort and Spa in Ft. Myers, Florida is a 25 story condo/hotel with 300 hotel/condo units and 70 residence units. Each unit is unique in their own right with 8 different floor plans to choose from. Following their hugely successful Phase I sellout in June, Phase II release of Monaco Resort & Spa is underway.

Designed to cater to the most discriminating buyer, Monaco is located along the Intra-coastal Waterway just minutes from downtown Ft. Myers. Monaco Resort & Spa combines the finest in upscale living with the luxury and convenience of condominium hotel services. Monaco Resort & Spa is located on the corner of First Street and Park Avenue immediately south of the Edison Bridge.


INVESTMENT HIGHLIGHTS

Prime location in downtown Fort Myers, Florida.

Second highest appreciating market in the country (OFHEO MSA)

33.16% annual appreciation. (OFHEO - MSA 3rd Quarter)

Over $100,000 IN EQUITY anticipated by completion.

Several price increases are forthcoming.

Purchase agreements may be fully assignable.

Closing November 2007 (approx).

Assignable after 12 months (with developer approval).

Your deposit is 100% refundable prior to going 'hard' on your contract.



MARKET RESEARCH

Based on the results of their marketing research, they believe the Monaco Resort and Spa has the potential to be an enormously successful project. In summary, they base their conclusions in part on the following key elements:

TIMING: With other markets leveling out (CA and NV), the Florida market remains constant with the potential for a moderate increase of the appreciation in the housing market. In fact, the city of Ft. Myers, FL is the 2nd fastest appreciating market in the U.S.

REAL ESTATE APPRECIATION: According to the Office of Federal Housing Enterprise Oversight (OFHEO), Ft. Myers, FL was the 2nd fastest appreciating city with an appreciation rate of 33.16%.

PRICE POINTS: Prices range from $290’s to $780’s with developer guaranteed price increases between phases.

LOCATION: Located in the downtown historic district of Ft. Myers. Only 20 minutes from SW Florida International Airport and just 10 minutes from Interstate 75.

POPULATION: The County's population has doubled from 205,266 people in 1980 to 426,500 people in 2000. The unincorporated county population is 270,859. By the year 2010, the county's population is projected to be 514,500.

Fort Myers (Lee County)

Expansion magazine named Lee County a four-star community in its annual quality of life scorecard for 2003.

Money magazine ranked Fort Myer-Cape Coral as one of the “Best Places to Live in America”.

Self magazine ranked the Fort Myers-Cape Coral metropolitan area “No. 1 in the nation for working women.” (2003)

Forbes magazine ranked the Fort Myers-Cape Coral metro area 37th among the top 200 best metro areas for business and careers.

According to the National Golf Foundation, Fort Myers ranks fifth in the nation for the golfer-to-holes ratios.

There are more than 60 golf courses throughout the County of which 7 are open to the public.

The Boston Red Sox spring training stadium is within walking distance of most downtown offices and the Minnesota Twins train in south Lee County.

Lee County experienced a 19% increase in population growth over the past five years.

Nearly 10 million people live within a 150-mile radius of Fort Myers.

According to the US Census, Lee County is among the 100 Fastest Growing Counties in the nation.

Demographics Daily listed Fort Myers-Cape Coral a 5-star community for job growth, population growth and small business growth.


Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.