Fort Myers 55 Plus Communities

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FFifty Five Plus Communities in Fort Myers Floridaort Myers 55+ Communities for retirement in Fort Myers FL are extremely popular. Much of this due to Fort Myers proximity to the tranquil Gulf of Mexico and relaxing beaches. Spring training teams are a popular reason for a retirement home in Fort Myers. There are many, active adult, and throughout the area.

Fort Myers is very popular for people located in the Midwest who can hop on I-75 and drive right on down to Fort Myers, Florida. But now, prices are rising almost everywhere, Southwest Florida’s large fifty five plus community are turning out to be a solid bet for investors, owners and residents alike.

 

 

Fort Myers 55 + Communities

What is Fort Myers like for active adults as a retirement community?

Ft Myers is new and old Florida together at the same time. The population is 65,000 with many times that in the neighboring area.
Situated on the banks of the Caloosahatchee River on Florida’s southwest coast, its birthplace goes back to 1886.
It has the fascinating Thomas Edison Museum and a beautifully restored downtown area along the river.
New neighborhoods go off in all directions; in the early 2000’s day it seemed another plantation or forest was turned into an active adults 55+ development.
For all intents and purposed, every retail chain and franchise in America is represented here on Route 41 and Interstate 75.
Fort Myers Beach to the South provides incredible white sand beaches. Golf courses seem to be everywhere, public and private. Ft. Myers is a progressive city with a diverse population of all ages, made up of active adults 55+. Fort Myers is the capitol city and county seat of Lee County
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They weren’t the sexiest category of real estate in the high-flying days of the boom. Although they are selling well now.

But now, with prices falling and vacancy rates rising almost everywhere, Southwest Florida’s big fifty five plus communities are turning out to be a solid bet for investors, owners and residents alike, experts say. “Most people pay cash for their house and they’re very stable people,” said Steve Adler, president and owner of Fort Myers-based Murex Properties, which manages manufactured-home communities nationwide. “In these topsy-turvy times, they’ve remained a good investment.”

Banks are especially open to borrowers with that kind of collateral, said Paige Rausch, a Fort Myers-based real estate consultant. She pointed out that two of the top five mortgages by dollar value in Lee County in 2013 were for large manufactured-home developments. “I think there’s a new caution,” Rausch said. “Those assets that were mortgaged, there wasn’t a lot of gamble about that. They weren’t writing them on pipe dreams.”

Underlying the stability is a way of life, not just the relatively good financial condition of retirees, Adler said. “Residents help people a lot, they take people to the doctor if they don’t have transportation.”

Steve Weisberg, president of Fort Myers-based development company Rarco, said the stable cash flow from rentals – typically the Fort Myers 55 plus community residents own their homes but rent the lots – accounts for their appeal as an investment. But, he said, buying or loaning money on a big retirement development can be a daunting task. “It really takes a special breed of person to put something together. “Mainly, he said, mortgages are written by large institutions such as life insurance companies.

But the stability of a retirement community tends to work in favor of individual owners as well, said Jim Schneider, manager of the 200-acre, 1,096-unit Seven Lakes community in south Fort Myers.

Seven Lakes is a 55 plus community and its values have held up well for residents, he said – the community has only about 10 foreclosures, about 1 percent. Because Seven Lakes has been around 40 years, Schneider said, it was spared the wave of defaults on loans “where the mortgage was 110 percent of the home’s value.”

Steve Cunningham, a commercial real estate agent in Fort Myers who frequently works as a receiver or property manager for lenders, said other pluses for lenders are public instead of private utilities, a good location and well-maintained units.

Bill Valenti, president of Fort Myers-based Florida Gulf Bank, said even foreclosures aren’t too harmful for a park where residents own their houses but rent the lots. Even when a 55 plus community homeowner does default on a mortgage, he said, “The bank comes in, it has to sell the home, and it’s often sold to the park, which usually is able to buy at a deep discount.”


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5048 Fiddleleaf DR, FORT MYERS FL 33905

5048 Fiddleleaf DR

2211342
Wonderfully kept Palm Harbor 2 bedroom, 2 bath home with attached carp
Wonderfully kept Palm Harbor 2 bedroom, 2 bath home with attached carp
Big Brown Realty
$129,900
6136 Whiskey Creek DR 515, FORT MYERS FL 33919

6136 Whiskey Creek DR 515

228182
Must see this modern and bright unit! New kitchen cabinets and new app
Must see this modern and bright unit! New kitchen cabinets and new app
MAKS Realty Inc
$138,900
6917 Tee Way, FORT MYERS FL 33919

6917 Tee Way

2213702
Beautiful, totally updated condominium just waiting for you to move in
Beautiful, totally updated condominium just waiting for you to move in
John R Wood Island Real Estate
$139,000
19 Channel LN W, FORT MYERS FL 33905

19 Channel LN W

219602
Now you can enjoy the Florida lifestyle everyone dreams about– a home
Now you can enjoy the Florida lifestyle everyone dreams about– a home
Barefoot Realty Group
$144,900
7430 Lake Breeze DR 110, FORT MYERS FL 33907

7430 Lake Breeze DR 110

2213832
WHAT A BEAUTIFUL BOTTOM FLOOR POPULAR HAMPTON FLOOR PLAN WITH ONE OF T
WHAT A BEAUTIFUL BOTTOM FLOOR POPULAR HAMPTON FLOOR PLAN WITH ONE OF T
Seven Lakes Realty, Inc.
$149,900
13321 Medinah CIR W 4, FORT MYERS FL 33907

13321 Medinah CIR W 4

3213872
GREAT THREE BEDROOM PROPERTY WITH A PANOMRAMIC VIEW OF THE 15TH & 16TH
GREAT THREE BEDROOM PROPERTY WITH A PANOMRAMIC VIEW OF THE 15TH & 16TH
Seven Lakes Realty, Inc.
$152,900
1266 Broadwater DR, FORT MYERS FL 33919

1266 Broadwater DR

2215692
Artistically decorated Broadwater unit in desirable Brandywine communi
Artistically decorated Broadwater unit in desirable Brandywine communi
John R Wood Island Real Estate
$155,000
1234 Medinah DR, FORT MYERS FL 33919

1234 Medinah DR

2219002
Rarely available and nicely appointed Arcola floor plan is a must see.
Rarely available and nicely appointed Arcola floor plan is a must see.
VIP Realty Group Inc
$157,900
1270 S Brandywine CIR, FORT MYERS FL 33919

1270 S Brandywine CIR

2221402
NEW TURNBERRY FLOOR PLAN – 2 BEDROOM – 2 BATH – DEN – LARGE LIVING ROO
NEW TURNBERRY FLOOR PLAN – 2 BEDROOM – 2 BATH – DEN – LARGE LIVING ROO
Berkshire Hathaway Florida
$167,900
199 Sun CIR E, FORT MYERS Fl 33905

199 Sun CIR E

2212002
Quiet River view- completely furnished- turn key-on orange river- has
Quiet River view- completely furnished- turn key-on orange river- has
Barefoot Realty Group
$169,900
1210 Hazeltine DR, FORT MYERS FL 33919

1210 Hazeltine DR

2218132
Come home to this lovely attached villa in a very active over 55 commu
Come home to this lovely attached villa in a very active over 55 commu
Maxim LLC
$183,900
10509 Diamante WAY, FORT MYERS FL 33913

10509 Diamante WAY

2211872
Huge Price Reduction!! Enjoy the PREMIER FLORIDA Lifestyle in this Aw
Huge Price Reduction!! Enjoy the PREMIER FLORIDA Lifestyle in this Aw
Sun Coast Global, Inc.
$184,900
336 Shoreland DR, FORT MYERS fl 33905

336 Shoreland DR

2212962
Home has been recently remodeled and is on the Caloosahatchee river. D
Home has been recently remodeled and is on the Caloosahatchee river. D
Barefoot Realty Group
$199,900
10614 Camarelle CIR, FORT MYERS FL 33913

10614 Camarelle CIR

2212782
WHAT A DEAL!!! Best Value in Pelican Preserve for Single Family Home
WHAT A DEAL!!! Best Value in Pelican Preserve for Single Family Home
Treeline Realty Corp
$219,900
10714 Cetrella DR, FORT MYERS FL 33913

10714 Cetrella DR

2212292
Location, Community, Security and Value!!! This, 2Bed 2 Bath, Milan Mo
Location, Community, Security and Value!!! This, 2Bed 2 Bath, Milan Mo
Treeline Realty Corp
$229,000
1339 S Brandywine CIR, FORT MYERS FL 33919

1339 S Brandywine CIR

2217002
GORGEOUS! 100% PROFESIONALLY RENOVATED FROM TOP TO BOTTOM. THIS IS A
GORGEOUS! 100% PROFESIONALLY RENOVATED FROM TOP TO BOTTOM. THIS IS A
Maxim LLC
$229,900
10605 Tirano CT, FORT MYERS FL 33913

10605 Tirano CT

2215002
PEACE & SERENITY – Welcome to your oasis. This lovely extended Monet
PEACE & SERENITY – Welcome to your oasis. This lovely extended Monet
Berkshire Hathaway Florida
$262,500
10845 Tiberio DR, FORT MYERS FL 33913

10845 Tiberio DR

2217442
FURNISHED TURNKEY! This 2+Den Lesina Model sits on a pond with a love
FURNISHED TURNKEY! This 2+Den Lesina Model sits on a pond with a love
Berkshire Hathaway Florida
$307,500
9370 Aviano DR 202, FORT MYERS FL 33913

9370 Aviano DR 202

3223652
WE NEED AN OFFER! OWNER IS READY TO DEAL TO GET IT SOLD! Carefree livi
WE NEED AN OFFER! OWNER IS READY TO DEAL TO GET IT SOLD! Carefree livi
Berkshire Hathaway Florida
$324,900
10525 Azzurra DR, FORT MYERS FL 33913

10525 Azzurra DR

3224662
The Correggio’s open floor plan and private spacious master suite ma
The Correggio’s open floor plan and private spacious master suite ma
Berkshire Hathaway Florida
$440,000

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