Grand Oakmont Estate Model by Seagate Development Group Set To Open


There will be a mega opening ceremony that will commence on Friday, April 29, 2016 to Sunday may 1,2016 as Seagate Development Group LLC will be unveiling its fully-furnished Oakmont Estate Model in Quail West- North Naples.

This grand estate sits on a 5,424 sq foot area. Its intermediary architectural design was done by RG designs. While the interior was designed by Ruta Menaghlazi who is a leading interior designer working with freestyle interiors based in Bonita Springs. The estate has a selling price $4.7 million inclusive of the furnishing. The estate also has 2,931 sq foot area of roofed outdoor space.

The windows around the living area will create an atmosphere that is full of light. This will give a view of an infinite edge spa and pool that is surrounded by decks. The decks have a finishing of water proof and weather resistant composite materials that will be girded over the pool area. The design has a spherical appearance and a covered veranda with terraces leading to the inside.

The open floor design will display the magnificence that come with distinguished estate living. The design done by Menaghlazi is an example of modern class combined with an Asian effect. The natural standard pitched walnut flooring in the living area gives a neutral color effect. This color effect incorporates light brown, bronze, olive green and black. The bulky linen gives a new twist of textural aspect to it.

Those who visit the Oakmont estate will be met at the reception parlour with the windows overlooking the living area and the pool. A two-isle kitchen and a family room are the ones that open to the outdoor. The wall between the official dining room and the club room has is a radial glass that extends to the outdoors. A centrally located pillar will display a flat top having LED under-lighting. A walk way into the wine room will also be added.

The design also includes four bedrooms, 2 half-baths and 4 full-baths. This will have a garage for four cars. The glider entrance will open the master bath into a clandestine garden with countryside deck scenery.

The outdoor spaces which includes an outdoor kitchen, dining area and an uplifted bar area with bar stools will create a good conversational area that has a fire place. There is also a separate sitting area with a fire pit and a sun shelf with a pool. This creates an ideal area where different groups can gather freely without interference.

Oakmont is just one of the three estates that Seagate is offering at Quail West. Their residential commercial development company has already commenced the construction on a 5,693 sq feet area for another fully furnished Pine Valley Estate.

The Pine Valley estate is designed by Stofft Cooney architects while the interior is done by Ruta Menaghlazi. It has an attractive floor plan with spacious rooms that open to a serene outdoor living area with custom spa and pool. It has an area for conversation that has a fireplace. The large kitchen and dining area are ideal for entertainment. The design also has an isolated one bedroom casita with a bathroom that is just next to the pool.

The plan also has a club room with a media section and a bar which has a window that opens into the outdoor living area. It also has a walk- in wine room and a relaxation area. One of the two guest bedrooms is meant to serve as a VIP suite. It opens up to terraces which connect it to a private garden.

A double-isle kitchen will be having an outstanding gourmet. The wide hallway gallery has expansive windows from the floor to the ceiling with cut outs that overlook an expansive garden. A person in the sitting area will also have a clear view of the garden. The plan also has a garage that can accommodate four cars.

The design that Menaghlazi has for pine valley is one that will have rangy line ceiling with very little molding crowns. The modern aspects will have a little touch of classic styles. The combination of colors will have terra cottas combining with grey against a creamy background wall. The major material that will be used on the floor will be light gray wire integrated that is with oak.

Seagate development group are in the last stages of getting permits for another construction of a 5,464 sq foot Calusa grand estate model also at Quail west. This construction plan is designed by RG designs. This estate is located on the 10th hole of the Quail West Lake Golf course. The interior design will be done by Ruta Menaghlazi.

The floor plan for Calusa is meant to create interlinks with the outdoors. A terraced entry will give way to a long entrance hallway where one can have a clear view of the great room that has sliders which open to an outdoor living area. The great room will extends to a gourmet double-isle kitchen with a dining area that has both an indoor and an outdoor bar which opens to a sheltered lanai space. It will also have a wide hallway gallery that leads to a club room with two VIP guest suites. The guest suites will have double doors that open to a courtyard garden. It will have a guest casita that will have a living area, bar and a fully equipped outdoor kitchen. It will also have a conversational area with a fire place and a custom design spa and pool.

The wing where the owner lives will have a private study and sitting area. The master bedroom will have a master bath with two walk in closets and separate water closets. The plan also has a motor court and a garage for four cars.

Construction is expected to begin in May. The price for the estate will be released after construction has begun.

Apart from being the favorite builder of mega estates in Quail West Seagate is also in the plan of developing Windward Isle which is a gated community estate for twenty eight individual luxury family homes in the south of Orange Blossom Drive in North Naples. Two well furnished models are already complete and ready for viewing.

Seagate have also recently announced that they will be working on a 9.98 gated community project called Hill Tide Estate on the southern end of Boca Grande. They are also currently seeking approval for twenty single home sites for individual families. Their vision includes having a site plan that has customized designs for luxury residences that overlook the Gulf of Mexico, Charlotte Harbor and Boca Grande. So far, Hill Tide Estate is the only site that is in Boca Grande and overlooks the Boca Grande Pass.

NABOR Lastest Report: Real Estate Market Stability In Naples

Housing MarketAccording to the most recent report of the Naples Area Board of Realtors, in the second quarter of 2014 the transactions made in the real estate domain of Naples have led to maintaining the market stability in the area. Sales and residence listings are monitored for Collier County (except Marco Island) by NABOR. As statistics clearly show, there were no important ups or downs in the Naples real estate market in the second quarter of 2014, in comparison to the second quarter of the previous year.

Overall closed sales have decreased from 3,165 to 3,054, which means four percent. Overall pending sales have decreased from 3,197 to 2,949, which means eight percent. Overall media enclosed price has increased from 249,000 dollars to 273,000 dollars, which means ten percent. Overall inventory has decreased from 4,086 to 3,723, which means nine percent. In the second quarter, the improvement for the luxury segment was of more than two million dollars, made with 156 closed sales. This means an increase of forty-two percent compared to the same period of the last year.

The increase for single family homes worth two million dollars or more was of forty-four percent. The closed sales rose from sixty-eight to ninety eight. The rise for condos of two million and more was of thirty-eight percent, with forty-two to fifty-eight closed sales. The President of NABOR, who is also corporate trainer at Dawning Frye Realty, Pet Pitocchi has declared that the number of high-end buyers became higher due to an appealing inventory mixed with a high confidence in the market.

The stability of the housing market can be seen in the fact that there is a recovery related to conventional financing. The report states that conventional mortgages have financed 37.5 percent of residence sales in the month of June 2014. In comparison to the month of January 2013, the rise is of ten percent, as back then it was twenty-seven percent. The general manager and vice-president of Dawning Realty, Mike Hughes, declared that the landing environment seems to be more agreeable.

Consumers who had short sales and foreclosures (the so called boomerang buyers) can now comeback to the market, as they are eligible again for financing. An investor can see a constant increase for investing in real estate in comparison to the investment increase in the stock market, because analysts can predict a major correction in the mid-term election.

Mike Hughes says that the overall trust of people in real estate investing is increasing and they can think of reinvesting and maintaining their investing longer, as the rates are continuing to be low. The report made by NABOR for the second quarter of 2014 contains a comparison between condominium sales through the South West Florida MLS and single family homes, geographic segmentation and ranges of prices. The report can also provide an overall view of the market summary.

In the second quarter of 2014, overall pending sales were at 3,197, while in the second quarter of 2014, they were at 2,949. This means a decrease of eight percent. The underprice category and the one of 300,000 dollars went down fourteen percent. The category of one million to two million dollars has decreased six percent. For condominiums, the pending sales went down seven percent. This means that in the second quarter of 2013, they were at 1,626 and in the second quarter of 2014, they were at 1,510. A decrease was reported in each category of price.

In the case of residences that worth over 500,000 dollars, overall closed sales went up to eleven percent. For residences of the two million dollar market and more, overall closed sales went up forty-two percent. This means that in the second quarter of 2013, they were at 110 and in the same quarter of 2014, they were at 156. For the category of single family homes priced at 300,000 dollars and bellow, the decrease of closed sales was of twenty-three percent. A decrease from 677 in 2013 (second quarter) to 521 on 2014 (also the second quarter) was seen.

An increase of ten percent was seen for the overall median closed price. This price went from 249,000 dollars in the second quarter of 2013 to 273,000 dollars in the second quarter of 2014. The overall median closed price of residences worth one million to two million was four percent lower in the second quarter of 2014 compared to the same period of 2013. It went down from 1,387,000 dollars to 1,325,000. When it comes to single family residences in the category of two million dollars or more, the median closed price was decreasing fifteen percent in the second quarter of this year compared to last year’s second quarter.

It means that the price has fallen from 3,225,000 dollars to 2,750,000. In the same periods of time, the overall inventory became nine percent lower, from 4,086 to 3,723 residences. In the same manner there was a decrease for the inventory of condominium of twenty percent, from 2,190 to 1,759. The inventory in the single family residence market rose in the same period four percent, from 1,896 to 1,964. Ninety-four is the overall average day number on market for the second quarter of 2014.

The managing broker of Berkshire Hathway HomeServices Florida Realty by the name of Brenda Fioretti declared that new buildings are added to the inventory. She also says that the Southwest Florida MLS has not reported any activity in the construction market of new residences. NABOR analysts say that, according to the final report, the stabilization of the market is obvious, as just nine percent of the closed sales made in the month of June 2014 were forclosed or short sale (non-traditional). At the time NABOR gathered the information (July 2009), the percentage of non-traditional sales was forty-nine.

Terrifying Practices Rock The US Property Market

I guess we’d all kind of hoped that after everything that happened six years ago we’d have learned our lesson with ‘jumbo loans’ and subprime mortgages. But unfortunately, some people are starting to believe that history is already repeating itself.

Just a little over half a decade that a housing bubble nearly tipped the globe over, the prices of homes in Florida and California have already ascended at a very dangerous rate. The climb is so steep that the real estate listing company, Trulia, has classified a significant chunk of the property in these two cardinal states as being overvalued. Although Florida and California paint a gory image, the other parts of the country can be seen as less bleak or even less shiny, depending on the side of the fence you are sitting.

housing crisisHowever, what obtains in America is quite different from what has been observed in other countries of the world. Not too long ago, Nobel laureate Paul Krugman dropped the bombshell – Sweden was in the grip of a property bubble. The Swedish picture is far from rosy as housing prices have said to increase 300% over the past decade. But the government of Sweden does not seem to agree with Krugman, they argue that the cataclysmic combination of poor oversight, astronomical government debts and a very low savings rate that wrecked the American economy in 2008 is not present in their relatively frugal Scandinavian homeland.

If the Swedes have managed to explain their way out of the condition, the same does not apply to the United Kingdom and Canada. In these two countries (particularly in London in the former), the fears of increasing housing prices are just too palpable. In the maple country, the fear is so tangible that some Canadians are already panicky, preparing for an imminent crash later this year. But concerning the Canadian situation, Nouriel Roubini, the economist Nostradamus who predicted the US 2008 crisis years before time said that the Canadian nation really has not much to worry about since their banks are in a much better shape to absorb devastating shocks, than those of the Yanks.

But of all the scary real estate industry monsters abroad, none is as scarily vast as that of China. The Chinese property market is clearly overheating, and this is further encouraged by the steady flow of cheap credit and the practice of valuing assets like apartments over the saving of raw cash.

Some days ago in Shanghai, one of the most respected voices in the Asian real estate sector, Pan Shiyi, the CEO of Soho China described the local market as a ‘Titanic’ that is coasting off to a devastating end. He further stressed that the outcome of such a monumental collapse will not hit only the real estate market but also have fatal ripple effects on the banking sector. All over the globe, from markets in Asia to those of Europe and even North America, not a few are watching with apprehension.

Here in Naples, Florida the real estate market has been looking like it’s making a comeback, but many believe that this is short-lived and is caused by investers. For instance, in the Heritage Bay development in Naples, there have been several condos sold recently for over $200k. The problem with this is, those same condos would have been worth over $300k just a few short years ago. Heritage bay single family homes, however have managed to maintain their value a little better. Even while many homeowners who bought before the bubble are now sitting on negative equity, that’s not typically the case in Heritage Bay.

Danger Ahead: Real Estate Experts Say Price Spike Heightens A Bubble

bubbleIf the predictions and projections of some real estate analysts are to be trusted, then the much-dreaded bubble might just be in the offing. At the four-day National Association of Real Estate Editor’s annual conference, this was the crux of the matter, and the analysts felt free to make use of the much-feared ‘B-word’.

Although the general belief is that many homes across the country are actually under priced, like in Southwest Florida, that has not stopped the investors from making moves to that will eventually shift the prices up to a level that cannot be maintained anymore.

Even if investors get to close just 10% of the sales across the nation nowadays, they were able to take many homes in distress during the recession. This is now the time for them to reduce some of those accumulated real estate load. For some of them, the method to do this is to sell these homes among themselves at prices that are increased to elevate the values of their portfolios.

But even though this looks really clean and straightforward, it is having some unintended consequences. For instance, artificially induced double-digit jumps in the prices are now being recorded. It may show a sign of recovery but this is false. Jack McCabe, a real estate consultant based in Deerfield Beach in Florida, echoes this same view. McCabe is more direct and blunt: ‘I see trouble ahead.’

In places like the counties of Lee and Collier, the prices of homes have skyrocketed since the recession. In fact, in the Sea Grove subdivision of The Dunes of Naples, home prices have exploded to an all-time high. However, an April report released by RealtyTrac, a research firm based in California shows that they are below the peak levels that they recorded during the housing boom.

According to the report, the median home prices in Collier County were decreased 38% from a $390,000 peak in May 2006. As for Lee County, the prices were 44% below their median high of $256,000 as recorded in January 2007. The experts claim that for a condition of recovery to be sustainable, the homes have to be within the reach of the average buyer.

There are also other factors that have to be considered in the picture. As a result of the influx of foreign investments, hedge funds and very wealthy buyers interested in expanding their portfolios, there is usually very little left for the average buyers to haggle over. Whether a bubble will burst soon or not, time can only tell.

911 Text Messaging Launched In Collier County

911Technology is rapidly changing and transforming our world and Florida’s Collier County is surely keeping up with the latest trends and innovations. On Monday, Sheriff Kevin Rambosk made an announcement, which disclosed that the Sheriff’s Office of Collier County is the very first agency or outfit in all of Florida to implement the text-to-911 feature from cellular phones.

This new development will surely improve the relationship between members of the general public and the security agencies. Over time, this will lead to a much more productive between the two parties. But what is the new feature all about? The Text-to-911 was one of the two innovative Collier County Sheriff’s Office (CCSO) programs that are all centered round various forms of technology.

These programs are aimed at ensuring public safety as launched by Sheriff Rambosk. The CCSO is unique in the sense that it is the pioneering public safety agency in Florida to have the text-to-911 enhancement. The Federal Communications Commission has validated this.

Upon taking a closer look at the programs, one sees that they are not just pioneering and revolutionary but that they actually have very functional purposes for the benefit of the entire populace. It is also a very good illustration of how new technologies can be put to use in such a way that the various sectors of the society can all be linked and synced together with seamless harmony, all in a bid to achieve a common goal.

And when a path as this one is followed, it can only get better for the society as a whole. For the subscribers of Verizon in Collier County, they will have the advantage of being the first to have the ability to make use of the text-message to 911. As for the customers of the other networks, they will only be able to do so when their carriers are able to support the service.

The Sheriff also shed light on the agency’s new Community Video Watch Partnership (CVWP). This program allows the residents and owners of businesses in the neighborhood who possess exterior video security cameras to have them registered with the CCSO’s website. In a situation whereby a crime was recorded in the neighborhood, a deputy may get across to them and request that they review their video to ascertain whether anything of significance and pertaining to the crime in question was recorded.

The good thing with this arrangement is that as technologies are improved upon by the day, the costs of the video surveillance systems have also reduced, which translates to the fact that more and more people are now able to afford these security systems. This also creates more opportunities for the residents and the law enforcement agents to have more grounds for collaborative exercises leading to an improved overall security profile for the entire community. In the words of Sheriff Rambosk, this is another way the community can collaborate with the law enforcement agents in order to keep Collier County safe. He said ‘I believe the safest communities are those in which law enforcement and the residents work together.’

Do Not Call Register Legislation Amendment Bill introduced

Do Not Call Registry

The Do Not Call Register Legislation Amendment Bill 2009 has been introduced into Parliament.

If the Bill is passed, the Do Not Call Register will be expanded to enable all Australian telephone and fax numbers to be registered by all persons, including individuals, businesses, government and organisations.

The main elements contained in the Bill are:

  • a provision that makes all Australian telephone and fax numbers eligible to register on the Do Not Call Register;
  • a prohibition on sending unsolicited marketing faxes to an Australian number which is registered on the Do Not Call Register, subject to certain exemptions;
  • a requirement that agreements for the sending of unsolicited marketing faxes must require compliance with the Act. This requirement is aimed at organisations which may contract with another party to provide fax marketing services on their behalf;
  • civil penalty provisions for breaches of the new provisions;
  • the introduction of ‘registered consent’ which will give all new registrants the option of consenting to receive telemarketing calls or marketing faxes relating to particular industry classifications at the time of listing their number on the Register. The default position will continue to be that registrants are opting out of all telemarketing calls and marketing faxes, unless they take positive action to opt-in to receive certain types of telemarketing calls and marketing faxes. Registrants will be able to change their options at any time if they later choose to opt-out of these calls/faxes;
  • conferring powers on the Australian Communications and Media Authority (ACMA) to make a determination setting out the industry classifications for the purposes of enabling registrants to choose the telemarketing calls and marketing faxes they wish to receive (if any);
  • conferring powers on the ACMA to make a determination or determinations about the circumstances in which consent will be inferred for unsolicited telemarketing calls and marketing faxes to business numbers. This is a reserve power and there will be no change to the existing inferred consent provisions under the Act; and
  • consequential amendment to Part 6 of the Telecommunications Act 1997, to allow the fax marketing industry to make industry codes, and the ACMA to make industry standards for the ‘fax marketing industry’, consistent with the existing arrangements which allow codes and standards to be made for the telemarketing industry. The ACMA will have the power to make an industry standard relating to the fax marketing industry.

It is anticipated that these arrangements will be in operation during the second half of 2010.

Unconscionable conduct regulation

Treasury has prepared an issues paper concerning various options for clarifying the scope of the unconscionable conduct provisions of the Trade Practices Act 1974 (TPA).

The issues paper is part of a process which will examine two options for clarifying the application of the TPA’s unconscionable conduct provisions:

  1. The first option is the introduction in the TPA of a list of examples of conduct that is universally agreed to be unconscionable.
  2. The second is the introduction of a statement of principles of unconscionable conduct.

If the panel is satisfied that either or both of these options would make the provisions more effective, it is then to consider the content of a list of examples or statement of principles.

The panel has also been asked to consider issues associated with conduct in franchising relationships and, in particular, whether specific inappropriate conduct can be identified and — if the panel considers it necessary — whether measures can be introduced into the Franchising Code of Conduct to prevent them. The panel will conduct its work on possible amendments to the Franchising Code of Conduct as a separate process.

Submissions close on 18 December 2009.

Personal Property Securities Bills passed

personal propertiesThe Personal Property Securities Bill and the Personal Property Securities (Consequential Amendments) Bill 2009 were passed by Parliament on 26 November 2009 and are awaiting assent.

The new law will set up a national register of personal securities and change security types and procedures.

It will replace more than 70 different pieces of Commonwealth, State and Territory law.

It is proposed to commence in May 2011.

UPDATE Acts as passed:

Personal Property Securities Act 2009

Personal Property Securities (Consequential Amendments) Act 2009

Consolidated Personal Property Securities Act 2009(incorporating consequential amendments)