Bonita Springs – Waterfront Real Estate

Bonita Springs Waterfront Homes

Bonita Springs is the gateway to the Gulf of Mexico, featuring warm weather that is characteristic of Southwest Florida. Currently, Bonita Springs is undoubtedly one of the most popular spots worth buying a waterfront community home. If boating, kayaking, shopping, or golfing are some of your favorite pastimes, then owning a beachfront home in Bonita may just be what you need. A majority of waterfront homes in Bonita come with a deep marina nearby, so you buy higher value for your money when you acquire a home in Bonita than in Naples.

Buying a home in Bonita comes with numerous added benefits that most people outside of this city cannot enjoy. From spacious luxury properties, Villas and condos all providing beautiful Gulf or Bay views, Bonita offers has some of the most attractive picturesque in Florida. With beautiful homes located right on the white sandy beaches of the Gulf, homebuyers have lots of options to choose from when considering Bonita Springs Florida Waterfront Communities.

If you have been dreaming of living on the water and enjoying the luxury on the long white beaches, wildlife reserves, trails, and sanctuaries, Bonita is exactly the right location for you. Bonita is popularly regarded as the paradise coast and is the dream location providing families and visitors a unique coastal living in Florida.

Proximity to the Gulf of Mexico

Sincerely speaking, it is not easy to say which beach is the best in Bonita Springs because of its abundant beauty and amazing features. Whether it is Barefoot Beach Preserve, County Park, Little Hickory Island Beach Park, Lovers Key State Park, Bonita Beach all provide a homelike environment away from home.

Housing Market Trends in Bonita Springs, FL

Statistics collected at the end of October 2020 show that the median list price of homes in Bonita Florida was $369,500 and rising by approximately 2.9% year-over-year. The median listing price per foot was $219 while the sale price was approximately $366,500. Compared to the list price, home prices were fairly stable as shown by the small price cuts. Homes stay on the market for about 109 days and experts say the median days on the market have risen compared to the month of September 2020 but declined compared to the same period the previous year. The sale-to-list Price Ratio stood at 96.4%, meaning that homes in Bonita Springs, Florida sold 3.6% below the asking or listing price.

From the foregoing, it can be said that Bonita Springs, FL is a seller’s market in October 2020. This means that during the period ending October 2020, more people were looking to buy than there was the number of units.

Additionally, it is one of the most developed areas in Florida with surveys showing that the average per capita income was $45,752. This is far too high compare to other regions and the state average. This translates to a yearly income of $183,000 for an average family of four.

Value Neighborhoods

Bonita is bound by over 10 amazing neighborhoods both boasting of established infrastructure, a good year-round climate that supports outdoor living, and more. Below are the top three value neighborhoods you can consider buying a waterfront home.

Hickory Blvd: It has a median real estate price of $786,401 (more than 96.1%), which showed that it was relatively expensive compared to other neighborhoods in the larger Florida that had an average of 93.1%. the average rental price at the time of writing was $2,310, according to an analysis by NeighborhoodScout, which was higher than the rest of the places nearby.

Bonita Bay Blvd: This is a suburban coastal neighborhood to Bonita Springs, FL located on the ocean inlet or bay. The median real estate price is $812,929, which showed that it was more expensive than the neighborhoods in the State of Florida and more than 94% of the rest of the U.S. The average rental price was $2,305 in October 2020, based on the records obtained from NeighborhoodScout’s exclusive analysis.  In addition, the average rental cost in this location is higher than 87.8% of the rest of the locations in Florida.

Strictly speaking, its housing market is primarily made up of medium-sized 2-3 bedroom to small apartments, high-rise apartments as well as single-family homes. At the time of writing, the rate of vacancies is 47.6% which is the highest compared to other vacancy rates in almost the entire of U.S. Because a majority of residents are not permanent, a considerable number of apartments tend to be empty.

S Tamiami Trail / Williams Rd is also a suburban neighborhood located in Bonita Springs, FL. It features medium to small single-family homes and townhomes with a majority being owner-occupied. A good number of the properties are newer having been built in 2000 or later. Here, the vacancy rate is 49.9%. S Tamiami Trl has a median real estate price of $702,887, which is relatively expensive and meant for the high-end class of people. Currently, the average rental price in S Tamiami Trl is $2,768, according to NeighborhoodScout’s exclusive analysis. While the average rental cost in this neighborhood is higher than most of the neighborhoods in Florida.

Final Thoughts

Bonita Springs, FL is an attractive suburban location with plenty of choices when it comes to buying or renting a home. As a region with a booming economy as seen from its impressive per capita income, high employability rates, and lavish leafy setting, Bonita Springs, Florida is a place you do not want to ignore when shopping for a property. For home buyers and sellers alike, it is an average market favoring both ends given the moderate demand for homes and affordable prices, at least going by their steady value over the years.

Today, it is a popular and exquisite location in Southwest Florida and is the undoubted gateway to the Gulf of Mexico owing to its sugar-white, sand beaches, and poignantly beautiful Gulf waters. Located next to Estero and sandwiched between Fort Myers and Naples, this location enjoys a warm tropical climate year-round giving families the best outdoor living.

Of all the 14 neighborhoods in Bonita Springs, Highland Woods is considered the least expensive neighborhood, with a median asking price of $219.9K. Therefore, if you are working on a tight budget, Highland Woods could be the place to look out for when buying a modest home in Bonita Springs Florida Waterfront Communities.