An REO in Bayfront
Bayfront in Naples is a luxury condo development on Naples Bay across from Tin City. It is a mixed use development with high end shops and boutiques, as well as a café and Cabana Bar on the water. The units all face each other, but each unit has a view of Naples Bay, just east of where 41 turns from north-south to east-west, across from the popular destination Tin City. It is a short walk to 5th Ave, and a bike ride to the beach. Slips are available for rent or purchase with direct Gulf access.
The most interesting development in Bayfront just happened the other day with the first Bayfront in Naples REO bank owned foreclosure listing in the community, 450 Bayfront Place Unit 4303 Naples. This is not a reason to sound the alarms, but it is certainly worth paying attention to. It is aggressively priced at $453,500. This is significant because the REOs are making their way into the luxury homes and condos near downtown and 5th Ave, near the beach, bay and other areas that were once considered high-end and untouchable. This is providing an opportunity for buyers to get in at the bottom and get a piece of the Naples real estate pie.
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