Naples Real Estate

In July, U.S. News and World Report ranked Naples, Florida, third on the list of “America’s 10 Best Undervalued Places to Live.” Furthermore, Florida Travel & Life magazine touts Naples as “one of the bargain areas of Florida.” The magazine states that Naples, with its “culture, class and money, make this town a prized asset in any real estate portfolio.” This sentiment is reflected in an overall homes sales increase of 67 percent and inventory decrease of 12 percent.

The project of widening I75 from 4 lanes to 6 lanes, known as IROX, is moving way ahead of schedule. The expanded road, going from Colonial Boulevard in Lee County to Golden Gate Parkway in Collier County, is now expected to be completed before Christmas. There is one exception however. The I75 interchange at Immokalee Road, which includes a longer and wider bridge, will not be done until the scheduled completion date of April, 2010, meaning continued traffic problems in that area.