COMMUNITY NEWS

Naples Reserve’s Parrot Cay Neighborhood Reaches Midway Milestone in Phase One

Read More About Naples Reserve

Naples Reserve
Naples, Florida
Read More About Naples Reserve

NAPLES, Fla. (May 9, 2017) – Sales in Phase One of the Parrot Cay neighborhood have surpassed the halfway mark at Naples Reserve, iStar’s 688-acre South Naples community of Southern Coastal-inspired attached villa, single-family and custom estate homes. To date, 21 of the 38 lots in Phase One have been purchased.

Five lots remain along the centerpiece 125-acre Eagle Lake, where homebuyers have the opportunity to add a private floating boat dock. An additional 14 lots are available for purchase on the interior lakefront lots within the Parrot Cay neighborhood.

Parrot Cay homebuyers who act soon can take advantage of a variety of limited-time builder incentives. The neighborhood’s seven furnished models showcase workmanship from some of the area’s top builders, including Florida Lifestyle Homes, KTS Homes, Lundstrom Development, Marvin Development, McGarvey Custom Homes and Stock Signature Homes.

Showcasing designs with up to four bedrooms and four-and-a-half baths, Parrot Cay models range from 2,812 to 3,594 square feet of living space. Expansive lanais emphasize a connection to the outdoors and create opportunities for alfresco entertaining. With oversized 85-foot-wide homesites, Parrot Cay offers estate homes with nearly limitless customization options to meet homebuyers’ individual lifestyles, including adding square footage and creating unique floor plans.

Parrot Cay homes start from the high-$900s.

Move-in ready lakefront homes are currently available in Naples Reserve’s Sparrow Cay, Savannah Lakes, Egret Landing and Mallard Point neighborhoods.

Naples Reserve was created by iStar, which was named 2015 Developer of the Year by Builder and Developer magazine for its commitment to creating exceptional communities and lifestyles with an emphasis on energy efficiency and environmental stewardship.

Created amongst 22 lakes, Naples Reserve emphasizes lakefront living with opportunities for kayaking, canoeing and paddleboarding and scenic vistas on Eagle Lake, as well as a mile-long stretch of lakefront nestled against the Picayune Strand State Forest, a 76,000-acre state park with protected pinelands, cypress swamps, marshes and abundant wildlife.

iStar has completed the community’s initial lakefront resort-inspired amenities, including the $7 million Island Club social center featuring a 5,160-square-foot clubhouse and an adjacent 3,500-square-foot fitness center with state-of-the-art equipment and a movement studio for spinning, Zumba and yoga. Outdoors, an expansive, resort-style zero-entry pool offers dedicated lap lanes and ample room for relaxation.

Indoor and alfresco gathering areas at the Island Club include a lakeside fire pit and casual beverage and dining options at Chat ‘n Chill Tiki Bar and Latitudes Cafe. At the Outrigger Center, paddleboards, kayaks and canoes are available for residents use, as well as a flex-space available for game days, special events and other activities. Cruises on the community’s two Duffy boats depart from the center’s floating docks for residents to explore Eagle Lake and Kontiki Island.

The lakefront Match Point complex offering tennis and pickleball courts, as well as a community boating ramp, is nearing completion.

Additional planned amenities include a tot lot, two dog parks – Walk & Wag opening in May and Paws Awhile in 2018 – and a meandering linear park for biking, hiking and jogging. Navigating a loop road circling Naples Reserve, the park is designed to engage residents with their natural environment and provide an alternative mode of transportation throughout the community.

Naples Reserve residents receive complimentary one-year social memberships at Walker’s Hideaway Marina of Naples, a yacht club along the Gordon River offering a marina, indoor storage for 600 boats, two waterside restaurants, outdoor pool and sauna, and access to Naples Bay.

Naples Reserve offers 17 fully decorated models available for viewing in six of 11 planned neighborhoods built by Southwest Florida’s premier homebuilders, including Ashton Woods, D.R. Horton, Florida Lifestyle Homes, KTS Homes, Lundstrom Development, Marvin Development, McGarvey Custom Homes and Stock Signature Homes. Homes are priced from the high-$200s to more than $1 million.

Naples Reserve is located off U.S. 41, 2 miles southeast of the Collier Boulevard/CR 951 intersection and 10 minutes from I-75, Exit 101. Visit the community at 14885 Naples Reserve Circle.

About iStar Land & Development:
iStar Land & Development creates unique communities, considering the best use of the land with a focus on future residents. iStar has financed and invested in over $10 billion of residential projects since 1993, making it one of the largest investors in luxury condominium, multifamily and master-planned residential developments in the U.S. Its portfolio has included interests in over 18,000 condominium units in the nation’s top markets, and 65,000 acres in master-planned communities with the potential for an estimated 50,000 single-family and multifamily units. Offering a fully integrated platform, the team includes best-in-class developers, architects, builders, marketers and community liaisons.

About iStar:
iStar (NYSE: STAR) finances, invests in and develops real estate and real estate related projects as part of its fully integrated investment platform. Building on over two decades of experience and more than $35 billion of transactions, iStar brings uncommon capabilities and new ways of thinking to commercial real estate and adapts its investment strategy to changing market conditions. The company is structured as a real estate investment trust, with a diversified portfolio focused on larger assets located in major metropolitan markets.

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