Affordable Naples
Due to the artificial run-up in Naples home values, many potential home buyers had been priced out of the Naples real estate market. But now, there are plenty homes to choose from in the lower price ranges. Homes or condos that had been selling for $400,000 can now be purchased at 50 cents on the dollar.
Look at the difference a few years made in the number of homes listed for sale under $200,000 in the Naples area.
Naples Homes Listed For Sale
Under $200,000
The source of the information in the chart above, and those shown below is from the proprietary database compilation of SunshineMLS, LLC - Naples' Multiple Listing Service. The accuracy of this information is not warranted or guaranteed.
The Under $200,000 Range
A large portion of the availability listed under $200,000 are in areas primarily appealing to local working residents. This is not to say that there are not second home residents living in these areas, just that there is a high concentration of Naples locals. These are the areas that working residents can afford for their primary residence, the community most likely lacks amenities and the locations might be more remote.
But, there is a healthy selection of availability in communities with a high concentration of second home residents. These communities appeal to the second home owner either because of the location, amenities, or golf availability. Many of these condos might be older, but in exchange they could have a great Naples location.
A single family home in this price range would most likely be within a local workforce community. If it is far out in the country, then it could be a very nice home. If it is located close in then, it is most likely very small, and would need major repairs.
To purchase a condo in this price range, the expectation should be that the condo will need anywhere between $5,000 to $15,000 in updating and freshening up. In which case the end result would be a very desirable condo in Naples.
It is not always the case that condos in this price range will be older or need work. You could purchase a brand new condo, with granite counter, stainless steel appliances with new hurricane rated glass, within a gated golf community with clubhouse, tennis facility, fitness center, pool and snack bar just 20 minutes to the beach. All for under $200,000.
Community Types
Workforce Communities
These would be communities with a high concentration of local working residents. They would have no amenities, or very basic amenities:
Arlington Terrace, Avalon Estates, Berkshire Village, Blue Heron, Bristol Pines, Camden Cove, Coconut Grove, Coral Garden Condo, Edgewood, Flamingo Estates, Golden Gate City, Golden Gate Estates, Guilford Acres, Gulf Winds East, Hallendale, Heighland Villa, Ibis Cove, Lake Trafford, Leawood Lakes, Mandalay, Milano, Myrtle Cove Acres, Naples Farm Sites, Naples Manor, Naples Parkwood Club, Naples Trace, Naples Twin Lakes, Naples Villas, Orange Tree, Pebblebrooke Lakes, Pepperwood, Pine View Villas, Poinciana, Poinciana Condo, Poinciana Village, Reflection Lakes, Regent Park, Rosemary Heights, Royal Arms, South Bay Plantation, South Tamiami Heights, Trail Acres, Treetops Of Naples, Tuscany Cove, Valencia Country Club, Valencia Lakes, Vista Gardens, Woodgate At Naples
Apartment Conversions
These communities were originally apartment complexes. They will also have a high concentration of local working residents. They will be without elevators and many would not have covered parking available.
Abaco Bay, Enclave, Fairways, Fountains, Granada Lakes, Key Royal Condominiums, Korwin, Laguna Bay, Naples 701, Napoli, Oasis, Reserve At Naples, Springwood, St Croix.
Naples Bundled Golf Communities
Most of Naples bundled golf communities now have availability under $200,000. These would come with golf, club house, lots of green space and many amenities. Learn more about Naples Bundled Golf. These community would have about 70% second home residents. They include:
Cedar Hammock, Countryside, Cypress Woods GCC, Forest Glen, Foxfire, Glades, Glen Eagle, Heritage Bay, Naples Heritage, Naples Lakes, Stonebridge, Royal Wood and Vanderbilt GCC.
Second Home Communities
These communities would have a high concentration of second home owners, they either have a nice set of amenities, or a very good Naples location, or both.
Carlton Lakes, Crescent Lake, Deauville Lake Club, Eagle Creek, Emerald Bay, Emerald Lakes, Falling Waters, Fiddler'S Creek, Forest Lakes, Golf View Manor Condo, High Point, Huntington Lakes, Imperial Golf Estates, Moorings, Naples Bath And Tennis, Olde Naples, Park Shore, Pipers Grove, Sapphire Lakes, Shadowood Villas, Sherwood, Sorrento Villas, Sterling Oaks, Turtle Lake, Vanderbilt Beach, Verona Walk, Whittenberg Villas, Wilderness, Winterpark, Woodmere Lake Club, Woodmere Racquet Club, World Tennis Center.
Mixed Communities
These communities would have a mix of both second home owners and year round residents.
Bay Forest, Berkshire Lakes, Bermuda Palms, Botanical Place, Briarwood, Bridgewater Bay, Coach House, Country Club Manor, Crown Pointe, Cypress Glen, Cypress Glen Village, Cypress Trace, Heritage Greens, Huntington Woods, Kings Lake, Lakeside, Lakewood, Lely, Lely Country Club, Lely Golf Estates, Lely Pines, Lely Resort, Lely Tropical Estates, Naples Park, Naples South, Palm River, Palm Springs Estates, Pelican Ridge Villas, Pine Ridge, Pine Woods, Pinewoods, Positano Place, Quail Woods, Regency Woods, Riviera Golf Estates, Royal Park Villas, Stratford Place, Tarpon Bay, Timber Lake, Timberwood Of Naples, Valley Stream Townhouse, Victoria Lakes, Wiggins Bay, Wiggins Lakes Preserves and Wilshire Lakes