400 Wyndemere Way, Naples
Collier County Real Estate - Naples
Naples
Naples is located in Collier County in Southwest Florida. Collier County is bordered by Monroe, Miami Dade, Broward, Hendry, and Lee counties. Naples is also located along the Gulf of Mexico, which accounts for tourism being the city's largest industry. Naples is home to many hotels and shopping opportunities catered to the city's many tourists. Naples is particularly attractive to older people and those living up north who wish to relocate somewhere warm for the winter. As a result, Naples is more populated during the winter season. Many of Naple's population are second home owners, making it an affluent area. Real estate is also a major industry, and home prices are comparatively higher here than in the rest of Florida. Naples's top employers are District School Board of Collier County, NCH Healthcare System, Collier County, Collier County Sherriff, The Home Depot, and Ritz Carlton.
Naples is in South West Florida. It's population as recorded in the 2010 Census was 19,537. Naples is approximately 31 miles from Cape Coral (population 154,305) and around 35 miles from Lehigh Acres (population 86,784).
The median age for residents of Naples is 64.2. Around 10.7% of Naples households include school aged children and 61.9% of households include individuals aged 65 years or over. Census records indicate 93.3% of the Naples population are White, 4.1% are Black or African American, .1% American Indian, .6% Asian and 1% are Two or more Races.
There are 17,753 housing units in Naples. 7,522 (42.3%) of these were reported as vacant in the 2010 Census. Naples is a tourist destination, 77.5% (5,830) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 2,764 residential rental units in Naples. 2,219 of them were occupied in 2010 providing a residential rental vacancy rate of 18.2%.
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Collier County
Collier County is part of the southwest region of Florida, along with Lee and Charlotte counties. Collier County is Florida's largest county in area, though much of that territory is within Everglades National Park and Big Cypress National Preserve. Cities and towns in Collier County include Everglades City, Marco Island, and Naples. Collier County has a population over 300,000.
The major employment industries in Collier County are trade, transportation, and utilities; leisure & hospitality; and education and health services. Major private sector employers for Collier County are Wal-Mart, Marriott, Fifth Third Bank, Naples Grande Resort, and Barron Collier Partnership. Top public sector employers include Collier County Public Schools, Collier County Government, and Collier County Sheriff's Department.
Collier County is the site of the first oil well dug in the state of Florida. According to the U.S. Department of Housing and Urban Development (HUD), Collier County was one of the communities in the nation most impacted by the foreclosure crisis of 2008, but it is slowly picking back up again. The coastal areas in the western portion of the county are the centers of population, while interior areas are more devoted to agriculture.
One of the ten wealthiest cities in the U.S. per capita, the county seat of Naples is home for around 20,000. The city?s population is heavy on retirees, with half of residents over the age of 62. Nonetheless, the city has a strong economy and is the headquarters for about 10,000 businesses, including ASG Software Solutions, Beasley Broadcast Group, and Newsbank.
Marco Island is located off the mainland coast. Nearly half of the 16,000 residents are over 65. The developed island is a tourist destination.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 500 Wyndemere Way | Condominium | 2,241 | B |
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| 2 Water Oaks Way | Condominium | 1,455 | B |
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| 102 Courtside Dr | Condominium | 1,351 | B |
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| 108 Courtside Dr | Condominium | 1,229 | B |
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| 107 Courtside Dr | Condominium | 1,229 | B |
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| 101 Courtside Dr | Condominium | 1,169 | B |
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| 109 Courtside Dr | Condominium | 1,225 | B |
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| 103 Courtside Dr | Condominium | 1,229 | B |
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| 104 Courtside Dr | Condominium | 1,229 | B |
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| 105 Courtside Dr | Condominium | 1,225 | B |
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| 106 Courtside Dr | Condominium | 1,351 | B |
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| 300 Wyndemere Way | Condominium | 2,241 | B |
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| 4 Water Oaks Way | Condominium | 1,839 | B |
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| 6 Water Oaks Way | Condominium | 1,839 | B |
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Local Household Income
The median household income in this part of Florida is $78,156. The bottom 10% of the population earn less than $26,365 per year. The top 10% earn more than $300,037 per year. The top 1% earn more than $692,093 per year. Most renters earn between $32,112 (20th percentile) and $61,224 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $156,312 and $195,390.
The tax assessed value of this property places it in percentile 74 of all properties in this area. This suggests it would appeal to someone earning around $140,567 per year who should qualify for a mortgage between $281,134 and $351,418.
Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates
Local Rents
The median monthly rent in this part of Florida is $1,039. Most renters earn between $2,676 and $5,102 per month. They typically spend 32% of their monthly income on rent. Most rents fall in the $791 (20th percentile) to $1,538 (80th percentile) range. The residential vacancy rate is 7%.
This property falls in percentile 74 of all properties in this area. This corresponds to a rent of $1,378 per month and a monthly household income of $4,769 ($57,228 per year)