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Condo Hotel Center: Property
Alert
April
9, 2004
THE
PINK SHELL BEACH RESORT & SPA
Fort Myers Beach Condo Hotel
 Hello.
It's Joel Greene again from Condo Hotel Center.
I have a quick follow-up comment before I tell you
about today's featured property. On Wednesday,
April 7, 2004, I sent out a Property Alert about a
specially priced condo hotel unit at the Solé on the
Ocean in Sunny Isles Beach, Florida.
I
told you that it would likely go fast because it was
a unique opportunity. Well it went even faster
than I thought it would. The unit was sold before
noon on Thursday. In other words, it was on
the market for less than 24 hours!
Since
many of you expressed an interest, I will do my best
to keep my eyes open for other such opportunities,
but unfortunately, these bargains are few and far
between. Now on to our featured property.
Today
I take you to beautiful Ft. Myers Beach where The
Pink Shell Beach Resort & Spa is located on the
northern tip of Estero Island. That's just off
the southwest coast of Florida snuggled between Sanibel
and Naples.
The
12-acre resort has one of the largest beaches (1,500
feet) on the island and is situated contiguous to
the community's wildlife beach park. The resort
is considered to be the leading luxury property on
Fort Myers Beach. All the units are direct gulf
view. Buyers of new units, (but not necessarily
if you buy a resale) may put their units into the
rental program.
The
Pink Shell is to be made up of four buildings--three
already built and since remodeled, and one new building
on which construction will be complete in Fall 2005.
Total number of units will be 240, with a combination
of studios, one- and two-bedroom units.
The
Pink Shell's amenities include:
-
Three
restaurants
-
Three
swimming pools
-
Tennis
-
New
world-class spa and fitness center
-
Rental
boats and charter fishing trips are available
from the resort's marina
-
Many
picturesque shops and dining establishments are
all within a five-minute walk
Services
available include:
-
Room
service
-
Concierge
services
-
Valet
services
-
Sail
and powerboat rentals
-
Marina
facilities
-
children's
recreation program
-
Catering
and conference services
-
Centralized
reservation services
-
Individual
condominium accounting services
What's
neat about The Pink Shell Beach Resort & Spa?
Well, as we say in the real estate biz--location,
location, location. The Pink Shell with its
1,500 feet of beach is one of the only condo hotels
in Ft. Myers Beach.
With
prices in the new building starting at $580,000 for
a one-bedroom unit and with resales in the other three
buildings starting as low as $295,000 for a studio
unit, it is a value property in a destination beach
resort area. Furthermore, property taxes in
Ft. Myers Beach are only 1.25% versus, for example,
2% in South Florida.
The
Pink Shell Beach Resort & Spa is managed by Boykin
Management Company, an affiliate of Boykin Lodging
Company. The company is known for quality and
currently owns 29 hotels containing a total of 8,430
rooms located in 18 states.
Now
some quick background on Ft. Myers. Ft. Myers
is known as the center of the Southwest Florida coastline.
Most travelers fly into the Ft. Myers airport to reach
the coastal cities and beaches.
Ft.
Myers Beach is rich in history having been a popular
resort in Southwest Florida for more than 50 years.
The general consensus among realtors is that Fort
Myers and Fort Myers Beach real estate, particularly
waterfront properties, are a good value -- they are
appreciating greatly, and they are still priced below
many other Florida gulf, lakeside or oceanside areas.
I
checked recent data and home sales are up 19% February
2004 over February 2003. Home prices are up
31% for the same period! There isn't anything
on the immediate horizon that should change this picture.
If
you'd like additional information on The Pink Shell
Beach Resort & Spa, please contact me. I
have a data sheet available with relevant specs, like
room sizes, living restrictions, and rental splits,
which I can e-mail you immediately, and if you'd like,
I can have a complete color brochure overnighted to
you.
As
always, thank you for your interest in the Property
Alerts from Condo Hotel Center. If you know
of anyone whom you think would like to receive these
Alerts, just send me their name and e-mail address.
Or, if for any reason you wish to be taken off our
mailing list, just let me know.
Joel
Greene, Broker-Associate
Condo Hotel Center
A division of Sheldon Greene & Assoc., Inc.
13499 Biscayne Blvd. Ste. 210
N. Miami, FL 33181
PH: 305-944-3090
FX: 305-948-0460
Info@CondoHotelCenter.com
www.CondoHotelCenter.com
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