Pelican Bay Increases Transfer Fee
On Monday, May 19th, the Board of the Pelican Bay Foundation increased the transfer fee on purchases in Pelican Bay from $3,500.00 to $5,000.00. The increase will take place on any real estate sales contracts written prior to June 30, 2008.
Considering all the properties that are for sale currently in Pelican Bay, I am not too happy with this decision. I personally wish that the Board had not invested over two million dollars in buying a building to house our service personnel. I think we would have been better served helping our service personnel find rentals in Naples. The rental market has an abundance of rentals due to all those investors who bought units thinking they were going to flip the units. Rental prices have decreased because of the competition.
There is also "talk" that the Board is thinking about eliminating the exemption of the transfer fee for owners in Pelican Bay purchasing within Pelican Bay. Should you have an opinion on this, you might want to share it with our Board. You can log onto www.PelicanBay.org and e-mail your opinion.
Turtle season began May 1st. You will notice that there are no lights shining down on the beach from the restaurants in Pelican Bay as of that date. Be advised that should you see an area of the beach roped off in what looks like yellow crime scene tape, do not touch that spot! That's a turtle's nest!
The 1st Quarter of 2008 Florida Sales report has been released along with the April 2008 Naples Area Board of Realtors figures. To view these statistics, click on Real Estate Reports.
The Gulf water temperature was reported at 86 degrees in the paper this morning. If you are in town, I hope you are enjoying the beach!
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