naples florida real estateNaples Florida Real Estate (map) has exploded in the past few years, becoming the most expensive properties in Florida. Single-family mortgages now average $297,000, a 13 percent increase in one year according to the Florida Board of Realtors.

Retirees began buying up Naples real estate at the end of the 1970s, when waterfront lots were selling for $40,000 (today they may fetch $7 million).

The most recent U.S. Census found this city and surrounding Collier County, acquiring young, single, college-educated residents at a faster clip than any other part of the United States. What’s more, during the 1990s, the overall population of the Naples area grew by 65 percent, to just over a quarter-million people, a frenetic rate bested only by Las Vegas.

In the 12 months ending last July, and not counting the increase in population due to births, Florida added an estimated 355,000 residents, nearly the equivalent of the population of Miami.

If migratory trends continue, Florida, which surpassed Ohio, Pennsylvania and Illinois in the 1980s to become the fourth most populous state in the nation, should reach another milestone in 15 years or so, when it overtakes New York. Only California and Texas will have more people.

Financial contracts can be very confusing. Before signing yourself to a major long term Naples, Florida real estate commitment have an attorney, familiar with financing and taxes, examine and explain the details (where the Devil is). A good tax finance attorney can save you many times his fee over the years, not to mention possible legal problems.

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