Estero is a charming quaint town. It is bounded by Fort Myers to the north, Bonita Springs to the south, the Estero River to the east, and the Gulf of Mexico to the West. Located in Estero is the Coconut Point Mall and Florida Gulf Coast University. Estero is also home of Koreshan State Park. Activities include fishing, kayaking, canoeing, and camp grounds at the park. Many of the communities in Estero have golf courses and great amenities.   | | Coconut Point - One of Southwest Florida's newest and most innovative communities is known as Coconut Point, a Mediterranean-styled mix of retail, commercial and residential splendor. Ideally situated just north of Bonita Springs in Estero, this is an environment that encompasses every amenity one could imagine to live, work and play in Florida. This mixed-use, 483-acre community will feature approximately 1,000 condominium residences, with the convenience of leading retailers, dining, medical and other amenities just outside your door. | | | Country Creek - Located in the popular Estero area, The Villages of Country Creek feature a variety of neighborhoods and residential lifestyles in a golf course setting. Winding streets and private cul-de-sacs encompass villa and coach home residences, as well as larger, single- family homes in The Estates of Country Creek. Many enjoy spectacular golf and lake views, and the convenient location near Interstate 75, the Southwest Florida Regional Airport, plus abundant shopping and dining amenities make Country Creek a golfer's haven. | | | Grandezza - 550 acres of woodlands, lakes and nature preserves surround the homes at Grandezza, a country club community in Estero. The center of activity here is the 53,000 square foot clubhouse, inspired by classic Roman architecture and perched atop a hill overlooking the course. A full complement of social, fitness and dining amenities awaits homeowners here, from enjoying a drink on the grand terrace to catching a movie with the family in the Media Room. There are 10 distinct and luxurious neighborhoods within this golf course community, with some of the area's finest residential designers and builders creating captivating living environments. Innovative coach homes and villas blend with stately single-family residences, ensuring you the perfect home to match your lifestyle. | | | Miromar Lakes - Boating, fishing, swimming and water skiing can be your family's focus if you live in Miromar Lakes Beach & Golf Club. A water wonderland located in Estero, about midway between Naples and Fort Myers, this award winning community offers something for everyone. The 700 acres of contiguous freshwater lakes here provide 3 miles of private, sparkling sandy beaches for the ultimate outdoor Florida fun. The 38,000 square foot Beach Club offers lakeside dining, fitness center, a full-service European day spa and concierge services. The golfers in the family will appreciate playing the only "signature" Arthur Hills course in Southwest Florida, and relaxing with friends and family for cocktails in the luxurious and inviting Golf Clubhouse. | | | Pelican Landing - The best of all worlds come together to make living at Pelican Landing a dream come true. This beautiful community encompasses 2,365 acres in Bonita Springs, midway between Naples and Fort Myers. It is bordered on the south by Spring Creek, which the State of Florida designated an "Outstanding Florida Water," and on the west by Estero Bay, an aquatic preserve leading to the Gulf of Mexico. Masterful planning has preserved the pristine natural beauty of this community. There are several individual neighborhoods within the sprawling community, where one will find impressive single-family homes, villas, coach homes, garden condominiums, mid-rise condominiums, and bay-front high-rise condominiums. Amenities include 12 tennis courts, pro shop, fitness center and pool, access to boating, a private 34-acre beach park on the Gulf with an hourly shuttle, boat slips and two exceptional dining facilities. | | | Rapallo - Rapallo at Coconut Point was created for Baby Boomers, with a pedestrian-scale, 114 acre, 540 home, 100 percent waterfront community with lush landscaping and walking/biking paths connecting residents to club amenities, shopping and neighbors. Although Rapallo is a gated community, five pedestrian gates interconnect residents to arterial walkways and the 140 restaurants and shops of Coconut Point Town Center just minutes away, encouraging people to "leave the car at home." The flipside of Rapallo's connectivity is its abundance of open greenspace. Rapallo's low intensity design creates breathing room for 22 acres of lakes, 23 acres of protected wildlife preserve and five corner parks for picnics, bocce, flower gardens, nature walks or just taking it all in. | | | The Brooks - Another masterfully planned creation of the award-winning Bonita Bay Group, The Brooks is actually home to several different golf and country club communities - Shadow Wood, Copperleaf, Lighthouse Bay and Spring Run. Comprised of 3,600 housing units on 1,048 acres, 890 acres of open space & parks and 419 acres of conservation lands, The Brooks offers virtually every type of home style one could wish for. Stately golf course single-family homes, villas, carriage homes and mid-rise condominiums are all available here, ensuring locating the perfect home for any lifestyle. Each unique community within the Brooks features distinctive clubhouse facilities, championship golf and unmatched member services. The Brooks recently was awarded the 2008 David Graham Memorial Award for exceptional development from the Estero Community Planning Panel and Design Review Committee. | | | The Reserve - Authentic Mediterranean architectural detail and a sweeping, palm-lined entry let you know you have arrived home at The Reserve, a condominium community located in North Naples near Pine Ridge Road, and with easy access to Interstate 75. Enjoy breathtaking views of lakes, nature preserve or recreation areas, plus endless amenities including the heated swimming pool and covered outdoor spa, 24-hour air conditioned indoor racquetball court, lighted tennis court, poolside gazebo with bar and grill, 24-hour fitness center and so much more. The abundant and meticulously landscaped grounds create the feel of life at the finest Tuscan resort, and it can be yours for a lifetime at The Reserve. | | | West Bay Club - Nestled west of U.S. 41 between Fort Myers and Naples is West Bay Club, award-wining blend of sophisticated living and awe-inspiring natural surroundings. 500 acres of nature preserves, a natural habitat for exotic wildlife and breathtaking foliage, wrap around some of the most luxurious residences in all of Florida. Look out over Estero Bay and the surrounding mangroves and estuaries from your high-rise condominium penthouse, or select an estate home on the P.B. Dye designed, Audubon Signature championship golf course. There are 8 uniquely wonderful residential enclaves within West Bay Club, featuring home styles by only the elite of Southwest Florida's builders. Residents here enjoy a wealth of luxurious amenities, including the state-of-the-art tennis and fitness facilities, swimming pools, River Park, the private Beach Club on Little Hickory Island, world-class restaurants and so much more. |
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Short Sales >1. What Is a Short Sale?
A short sale is discussed if the home owner is facing financial hardship and is therefore unable to make payments on the home loan. In the event that the bank or mortgage lender agrees to it, a short sale is an alternative solution when foreclosure is looming. “Short sale” literally translates to selling a piece of real estate just short of the remaining balance of the loan. Because the homeowner finds him or herself in a position where paying the loan just isn’t feasible, the lender will then discount the balance of the loan and the home owner will sell the property and forfeit all of the proceeds to the lender. By doing this, the lender concedes that selling the property at a loss is a better option than continuing to pursue the borrower.
There are four conditions of a short sale:
- The home’s market value is down. This means that the home is worth less than the remaining balance on the home loan. Another way to say this is by saying that the home is "underwater".
- The mortgage is in default or heading that way. A mortgage default occurs when the borrower stops making payments on the loan. At that point, the lender can seize the property from the borrower.
- The home owner encounters hardship like divorce, death or serious illness, unemployment, bankruptcy, etcetera. It is important to note that personal lifestyle choices that cause financial strain are not considered.
- The home owner has no assets. If the homeowner had assets, he or she could use these to make payments on the loan.
How do you know if you qualify for a short sale?
Whether or not a home seller can go through with a short sale ultimately depends on his or her bank or mortgage lender. They have to agree to the short sale process in order for it to come to pass. If the seller’s situation does not line up with the aforementioned four points, he or she may not qualify to sell their home on a short sale.
Any buyer can put an offer in on a home up for short sale so long as they are able to qualify for a loan. It is, however, up to the lender whether or not an offer will be accepted on the property.
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| Q |
Where is the world's longest spiral staircase?
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| A |
The White County Coal Mine in Carmi, Illinois has a spiral staircase that measures 1,103 feet and has 1,520 steps. |
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