NAPLES, Fla. (May 25, 2017) – Naples Reserve, iStar’s 688-acre community of Southern Coastal-inspired attached villa, single-family and custom estate homes, was one of the fastest-selling Naples master-planned communities in the first quarter of 2017, based on John Burns Real Estate Consulting’s field research and analysis of Q1 2017 reported sales.
“Naples Reserve’s casual, lakefront lifestyle, offered with extremely affordable HOA fees, presents an appealing offer for today’s homebuyers,” said Don Mears, vice president of land and development with iStar. “It’s a major differentiator for Naples Reserve, providing homebuyers access to comprehensive, island-style amenities and a distinct sense of place that makes every day feel like a vacation.”
With a variety of neighborhoods and amenities nestled amongst 22 freshwater lakes, Naples Reserve offers a lifestyle along the water’s edge. A mile-long stretch of lakefront along the community’s northern edge borders the Picayune Strand State Forest, a 76,000-acre state park with protected pinelands, cypress swamps, marshes and abundant wildlife.
Homebuyers can add private floating boat docks to available lots bordering the community’s centerpiece 125-acre Eagle Lake.
Naples Reserve’s $7 million Island Club social center features 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. An expansive, resort-style, zero-entry pool with a tropical waterfall offers dedicated lap lanes, adjacent to bocce ball courts and a white-sand beach for lounging. Indoor and alfresco gathering areas include a lakeside fire pit and casual beverage and dining options at Chat ‘n Chill Tiki Bar and Latitudes Cafe.
At the Outrigger Center, a variety of watercraft options are available for resident use, and cruises on the community’s two Duffy electric boats depart from the center’s floating docks for residents to explore Eagle Lake and Kontiki Island.
Tennis and pickleball courts await at the nearly completed Match Point complex. Additional planned amenities include Kid’s Cove, a playground and picnic area, two dog parks – Walk & Wag opening this month 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 offers 17 fully decorated models available for viewing daily, 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 was conceived by iStar, 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.
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.
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.
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. Additional information on iStar is available on its website at www.istar.com.