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Naples Collier County
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Old Today, 11:28 AM
 
4 posts, read 833 times
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Hello,


I'm 34 years old with 2 kids, ages 9 and 8. I'm originally from Miami...lived there my whole life up until 2012 when I decided to move to NC for schooling and work opportunities. This is a nice place to live but honestly I miss Florida. My family is in Miami and the kids would like to see them more. I don't want to move to Miami because of the cost and lack of good free public schools. Naples seems like a good fit, the schools appear to be rated good, I'm close to the beach and can drive down to Miami to see family as often as I'd like. I'm planning on visiting the area next month to take a look around.


My plan would be to purchase a 3/2 somewhere with access to good schools. I hear North Naples is better for families. Do you all have any suggestions for good neighborhoods with homes/condos in the 300 or below range. Also, how is the renters market down there? Would it be easy for me to rent out my home if I decide to only visit during the summer months?


Thanks for all the advice!
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Old Today, 01:54 PM
 
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Others can comment who have more current real estate prices and renting, but as someone who was there with kids around your age I think the proximity to the best schools in North Naples (e.g. Laurel Oak) will make it a bit more challenging to find a SFH for < $300K.

For other elementary schools, I think you'll have more options. I think you could find a home in Naples Park for that price range, and while not as "highly" rated my kids actually went to Naples Park Elementary and they had good experiences there. The advantage is you'd be even closer to the beach.

For condos, there will be a ton of options in the 1400 sq ft range that are listed as 2/2 but really could be 3/2 as there is an enclosed "den" or "study". A lot of these in the 200's range.

I'm confused about your rent out question - if the kids are in school, how can you only visit during the summer months? Or are you thinking of renting during the summer? In that case I think it wouldn't be worth the hassle.
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Old Today, 02:24 PM
 
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Thanks for your response. I was thinking in terms of an investment opportunity and a fall back plan for when I do decide to move back. Just curious if its easy to rent out month to month or something of that sort.
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Old Today, 02:29 PM
 
5,395 posts, read 2,991,140 times
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Quote:
Originally Posted by liz1737 View Post
Thanks for your response. I was thinking in terms of an investment opportunity and a fall back plan for when I do decide to move back. Just curious if its easy to rent out month to month or something of that sort.
A condo would be a better bet than a SFH I think, if you were looking for seasonal rentals. You will also (likely) get people who would take better care of your property.

The challenge with renting out a condo is what the HOA or condo association allows as far as minimum duration. If it's a month, that's good. If it's 6 months, not so much as you'll get less takers.

Ideally, you want to rent out at least 5 months (Dec through April) and while I've never done the math if that's enough to pay your mortgage, taxes and fees for the rest of the year that's a good start.

My in-laws are selling their 2/2 condo in Naples and right now it seems to be a buyer's market with a lot of inventory.
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Old Today, 06:19 PM
 
Location: Coral Gables / Bonita Springs
862 posts, read 416,112 times
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Yes to North Naples, just won't find houses for $300k or less, usually $375k or higher.

Easy to rent out in the high season, can get over $2k/mo for a 5 month rental in a house/condo in North Naples with a 3 bedroom.

We just moved from Miami for the same reasons you are leaving NY and don't want to move back to Miami. We wanted cheaper housing, better schools, close to the beach, no crazy traffic. Plus we're in real estate so its easy for us to sell in Miami while expanding to this coast. If your job lets you and it pays good ($90k+), then you should enjoy North Naples. You can always rent a townhome for $2k/mo In North Naples, we saw plenty of them last Summer when we were looking for our place.

Driving across the alley is easy, no real traffic to Broward. There are some crazies on the alley, but we stay in the right lane with cruise control on 80 and its a breeze. (plus the cops leave you alone if you do under 85).
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