Pine Island Rental Home

Our Irish friends have created a new website for their beautiful waterfront pool home that they rent in Pine Island, Florida. This is a beautiful fully equipped three bedroom, two bath home with a heated pool. To find out more about it, go to their website: www.pineislandsoundvillas.com

Recent Real Estate Sales on Pine Island Florida

I'm two months behind in posting recent real estate sales, so I will summarize the busy sales activity that's occurred on Pine Island, Florida during the months of October and November 2009.

Six Single Family Lots Sold, Median Price $57,883. (Some of these included acreage or were waterfront.)

Nine manufactured homes sold, Median price $137,833. All of these were waterfront.

10 Inland homes sold, median price $156,950.

12 Waterfront homes sold, median price $317,450.

Its interesting that waterfront homes sold for almost exactly twice the price as inland homes.

There are presently 38 sales pending on Pine Island and 176 single family homes for sale. So we still have well over a year of housing supply on Pine Island, now is a great time to buy an affordable Pine Island Home. For more information about Pine Island real estate, email me, Erika Foye, Real Estate Broker for All Island Realty, Inc. at erikafoye@embarqmail.com.

Visiting Upper Captiva, Useppa and Cayo Costa

Hello Pine Island followers, I can't believe it has been 3 weeks since I had a c hance to blog. . .I've had many real estate clients, both my sister and brother have visited, I have been working on my annual Pine Island calendar. I had a chance to go out to the outer islands of Upper Captiva and Useppa, which are both beautiful, but I still love and prefer Pine Island. Still I sell on All southwest Florida Islands (hence my company name, All Island Realty, Inc.) and thought my readers might want a chance to see some outer island photos. Real estate prices are better on Pine Island than the outer islands and accessibility is much easier. . .we have a bridge to Pine Island, there is no bridge to Upper Captiva or Useppa or Cayo Costa. Yet if you want to visit those islands from Pine Island, its easy to catch a ferry or launch out there from either Pineland Marina (Island Girl or Tropic Star) or Bocilla Island Marina. You can also rent boats at 4 Winds Marina. For more information on Southwest Florida islands real estate, contact me, Erika Foye, real estate broker at All Island Realty Inc. You can email me at erikafoye@embarqmail.com or call 1-239-560-8514.

2009 Pine Island Real Estate Sales Statistics

I haven't posted to my blog for a while because I've been so busy with real estate. So with this post, I'll update the year to date statistics for real estate sales on Pine Island from January 1, 2009 thru September 30, 2009:

54 Waterfront Homes sold, median price $310,000.

49 Non-waterfront Homes sold, median price $143,000.

5 Waterfront condos sold, median price $180,500.

1 Non-waterfront condo for $85,000.

4 Duplexes sold, median price sold $127,500.

40 Manufactured homes sold, median price $115,000.

42 Vacant Lots sold, median price $28,000.

Of the residential sales, 20 were short sales and 25 were foreclosures. 70% were neither short sales nor foreclosures, regular arms length transactions.

Now with the first cooler breezes of fall here, I hope we're sailing into a good season this winter.

Bath Day for Horses on Pine Island

A rare Saturday without work scheduled, we took some time to give the horses a good bath this morning. They really seemed to like it and then went out for a good roll in the hay. Finally the temperatures are below 90 degrees and I hope to go horse back riding tomorrow morning early. October and November are great months on Pine Island. To find out more about Pine Island real estate, including agricultural land and/or horses properties, contact me, Erika Foye, Real Estate Broker for All Island Realty, Inc. at erikafoye@embarqmail.com.

Cayo Costa Island Lot for Sale

If you've ever wanted to live like Robinson Crusoe and Swiss Family Robinson, consider living on Cayo Costa Island. Cayo Costa is a mostly uninhabited island off the coast of Lee County, Florida. Nearly all the land is state park and there are miles and miles of beautiful white sand beaches. I own a lot on this island which I am offering for sale for $44,900. You would need to put in your own infrastructure (power, well and septic) The location is what makes this lot special. For more information, contact me, Erika Foye, Real Estate Broker at All Island Realty, Inc. at erikafoye@embarqmail.com.

Fall Approaching on Pine Island

Temperatures are falling a little bit on Pine Island, now that it is nearly fall. I've been enjoying riding my bike on the 17 miles of island bike paths. Yesterday I rode up to the tip of Bokeelia and found this cool, apparently home-made, yellow boat docked in the Back Bay section of Bokeelia. Real estate prices are now extremely reasonable. With winter approaching up north, it could be the time to find your perfect southern get away on beautiful, affordable, natural Pine Island. For more information about Pine Island real estate, contact me, Erika Foye, real estate broker at All Island Realty, Inc., at erikafoye@embarqmail.com

August 2009 Real Estate Sales on Pine Island

August and September is our slowest season on Pine Island. Fourteen residential properties sold in August, median price $151,827. Five parcels of vacant land (some as large as 19 acres) sold in August, median price $155,000. One commercial property sold for $215,000.

I'm looking ahead to a steady increase in real estate sales this fall and winter on Pine Island. To receive my paper newsletter, Pine Island Times, email me, Erika Foye, at erikafoye@embarqmail.com

Lots of Rain on Pine Island

We've had lots of long rainstorms on Pine Island this week. A lightning strike took out power in Bokeelia for about six hours the other night. Luckily we have a generator so we could keep the lights and fans going. The humid weather has caused gardenias to keep blooming through August. Here's some photo's of my week on Pine Island.

First Time Home Buyer Tax Credit in Action

My daughter Greta bought her first home, a 2 bedroom, 1 bath condominium on Pine Island Island, thanks in part to the new first time home buyer tax credit. This is a federal tax credit, up to 10% of the purchase price of a first home (up to $8,000), that eligible home buyers may qualify for. The property must be closed on by November 30, 2009. Also, Greta was able to take advantage of a home buyer down payment assistance program administered by the Florida Housing Finance Agency. For information on both programs, go to http://www.federalhousingtaxcredit.org/ and http://www.floridahousing.org/. I am a licensed real estate broker and accredited buyer's representative. If you are interested in buying a home on Pine Island, contact me at erikafoye@embarqmail.com.

July 2009 Sales on Pine Island

July is usually pretty quiet on Pine Island but this past month there were 24 real estate sales. Here is the breakdown:

6 Waterfront Homes, median sale price $340,625.

7 Off Water Homes, median sale price $149,000.

4 Manufactured Homes, median sale price $97,500.

2 Waterfront Lots sold, one for $117,900 and one for $398,000.

3 Off Water Lots sold, median price $17,000.

1 Multi-family Home sold for $140,000.

Mid Summer Real Estate Sales on Pine Island, Florida

Considering summer is our "off season" here on Pine Island, it is good to see we are still averaging at least one closed sale per weekday. Sales that closed this week are a good cross section of the overall real estate market here on Pine Island and gives you an idea of the various types of property that are selling here:

1 Manufactured Home on the water sold for $95,000.

1 Four bedroom, two bath home near the public park and pool sold for $149,000.

1 Large Country Home on 1.5 acres sold for $237,500.

1 Large Waterfront Home on an intersecting canal sold for $356,250.

1 Large Bayfront Lot sold for $398,000.

Rains returned this week, along with some fabulous thunderhead clouds. We really need the rain. Here are a few photos from my morning bike ride, an ultra light flying under the clouds, a hawk roosting on a road sign and an anvil headed cloud over a salt marsh.