In addition to providing data on the SW Florida real estate market, we thought it would be nice to highlight some local Lee County communities and explore what is happening in that neighborhood today. This week we’ll focus on Reflection Lakes.
Reflection Lakes is conveniently located in south Fort Myers and boasts scenic lakes, special nature preserves, street lighting, community sidewalks and underground utilities all bordering pristine Lakes Park. The magnificent clubhouse sits on a lake and features a state of the art fitness center, billiards, administrative rooms, catering kitchen, heated community pool, children’s playground, 4 lighted tennis courts, basketball courts, sand volleyball court and a putting green.
Reflection Lakes is very close to Barbara B. Mann Performing Arts Hall, and is close to the beaches, US 41, and features easy access via Summerlin Rd.
Currently there are 30 properties for sale priced from $114,999 to $750,000. None on the market now are foreclosures. There are 4 pending sales currently priced from $134,900 to $329,900 and 3 of the 4 pending sales are foreclosures.
Because Reflection Lakes was built primarily in 2002-2003 before the boom in real estate sales, there wasn’t a lot of speculative investor activity, and this is why we haven’t seen a large concentration of foreclosures like we’ve seen in newer communities in 2005-2007. There are some foreclosures and short sales due to the downturn in the economy, as is normal throughout SW Florida.
So far in 2010 there have been 15 closed sales priced between $113,100 for a condo in Reflection Lakes to $350,000 for a single family home in Las Palmas, often referred to as the Estates II section of Reflection Lakes. This was a 4 bedroom, 3 bath home with 2,659 square feet of living area, a 3 car garage, pool and was lakefront.
All of the active, pending, and sold listings are posted at www.ReflectionLakes.com The floor plans are also provided, along with a site plan.
Maintenance fees for the single family homes are $159/mo and this includes cable TV, alarm monitoring, clubhouse, exercise room, pools, street lights, sidewalks, and all the amenities. Reflection Lakes even has it’s own TV channel for happenings and events inside the community.
A fact most people don’t know is Reflection Lakes has a private entrance into lakes Park. It’s not uncommon to see residents ride their bikes or take walks into Lakes Park, or enjoy kayak and canoe rides into the park as well.
The amenities, low HOA fees, floor plans, community activities, and superb location make Reflection Lakes worth looking into for buyers today. The community offers condos, town homes, villa homes, all the way to large estate homes, so there is a product to suit many lifestyles. Many people are surprised at just how much home they can afford these days, and with interest rates at all-time lows, now may be your chance.
Reflection Lakes is a gated community, so you’ll definitely want to call a Realtor to look around. Good luck, and happy house hunting.
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