In the last year, there have been several shifts in behavior and
accelerated lifestyle trends due to the pandemic. In an effort to
provide you with useful resources, we have set out to present you with a brief overview of these happenings from experts in the field. We hope you enjoy each presentation and find them valuable. In the next month, we will look at the accelerated trend of investment in a Florida residence.
The Sunshine State has always been a winter escape. Warmer weather, quality healthcare, outstanding boating, fishing, golf, tennis, world class culture, dining, social and charitable communities have added new dimensions to many residents’ lives. Recently there has been an emerging trend to make Florida a full-time residence even if it means relocating business interests from other states. The pandemic has created an environment where many professional functions can be performed remotely. This one shift has accelerated the timetable for considering Florida for full-time residence. Florida also offers other benefits that UHNW (Ultra High Net Worth)
individuals can benefit from that make acquiring a home in Florida even more attractive, such as no state income or inheritance tax. Most areas in Florida are a 3 hour or less flight from the Northeast, Midwest, and Mid Atlantic, making travel to and from other
residences very convenient.
Let us look at popular areas in Florida to see what they have to offer. In this installment, we will look at Naples, Florida through the eyes of Ben Maltese of Gulf Coast International Properties. Ben has been involved in the Naples market for the past 25 years after relocating from Michigan.
FlyPrivate: Naples is very popular choice for a Florida home, but why is it so popular?
Ben Maltese: It really has to be the vibe. Naples is a welcoming
community where you always feel like you are on vacation. It is home to world-class culture, dining, beaches, waterways, sunsets, boating, tennis, and golfer’s paradise. It is mix of sophistication and relaxation not found in many places on the planet.
FlyPrivate: Does Naples seem to attract people from specific areas more than others?
Ben Maltese: The Midwest has always been the major feeder
market for Naples, specifically Illinois, Michigan, Indiana, Ohio,
Wisconsin, Minnesota, and Missouri. Recently, the Northeast has become as big. States like New Jersey, New York, Connecticut, Massachusetts, Vermont, New Hampshire, Rhode Island and Maryland.
FlyPrivate: Can you tell us what the most popular areas of Naples are for UHNW homeowners and what they have to offer?
Ben Maltese: Naples’s unique location along the Gulf of Mexico
provides breathtaking residential options. The neighborhoods of Port Royal, Aqualane Shores and Old Naples offer Classic Estate, Mediterranean, Old Florida and Contemporary Architecture with water access and proximity to the vibrance of 5th Avenue. Naples also boasts some of the finest luxury golf communities in the world. The combination of unmatched design and construction combined with a five star golf and club experience is spectacular. Mediterra and Pelican Bay top the list of neighborhoods that are always in high demand.
FlyPrivate: Is there a luxury golf community listing you are excited about that our readers might enjoy?
Ben Maltese: Yes, 17010 Verona Lane in The Club at Mediterra. A Modern Zen masterpiece built in 2017, this property has just under 6000 ft.² of living area, 4 bedrooms, 5 full and 1 1/2 baths and it sits on a private .83-acre homesite. It is in the Mediterra golf community offering 36 holes of golf, amazing club facilities and a beach club. The Frank Lloyd Wright inspired architecture blends the indoor with the outdoor. From the sturdy bronze gates, entry courtyard to the
meditation deck and expansive outdoor covered living space looking out to a large fire pit, oversized pool & spa (60’ length). The main
living area which includes an amazing chef’s kitchen, eating area and great room are surrounded with floor to ceiling glass, further joining the indoors with the outdoors. The central theme is privacy, peace, and tranquility. The exterior landscaping was designed in a manner to minimize the time landscapers are around your home.
FlyPrivate: Ben, thanks for giving us a brief glimpse into Florida
lifestyle possibilities in Naples. If you would like to speak to Ben about real estate in Naples you can reach him at:
Ben Maltese, PLLC
(239) 273-8700 direct
5th Avenue Downtown District
691 5th Avenue South
Old Naples, Florida 34102
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