When people think of the greater Naples area, they are met with images of a bustling metropolis near the Gulf of Mexico. However, despite being located just outside the city, Pine Ridge is a quiet luxury oasis redefining what it means to live near Naples. Once inside the small community of Pine Ridge, visitors are transported into a peaceful suburban alcove, complete with sprawling lawns, stunningly opulent estates, and fantastic views over Mockingbird Lake. This prestigious neighborhood features gorgeous homes on expansive, one-acre plots or larger. Additionally, Pine Ridge is an equestrian haven, as a number of spectacular properties are equipped with private stables.
Pine Ridge puts residents in the center of it all. Less than 15 minutes to Naples and just a short drive from the ocean, locals can easily reach world-class shopping, dining, and beachfront destinations at the drop of a hat. Living in Pine Ridge, residents can enjoy all the luxuries that make South Florida a top-rated travel destination and return home to their peaceful community at the end of the day. Because of its endless charm and offerings, it comes as no surprise that Pine Ridge is one of the most highly sought-after communities in the area.
If you’re interested in Pine Ridge real estate, read on for an overview of the market.
The Naples market
With so many buyers setting their sights on the area, coupled with uncertain nationwide economic conditions over the past few years, many are looking to the market forecast in Pine Ridge to help them guide their buying and selling decisions.
The Pine Ridge housing market forecast 2023
Even though the area has experienced exponential growth over the past couple of decades, an uncertain national economy in recent times is causing many homebuyers to rethink their luxury home purchases. If you are interested in moving to Pine Ridge, the real estate market forecast is a good place to start to see the potential long-term benefits (or risks) of your venture.
Home values increasing
Within North Naples specifically, the median closed price of single-family homes is up by 7.4% year-to-date, currently sitting at $1.05 million. However, it’s essential to note that the luxurious homes within Pine Ridge command much higher prices, with a starting price of around $4.95 million.
Not only that, but most homebuyers opt to pay cash in Pine Ridge, so buyers need to have deep pockets and ample savings to relocate to this prestigious community. Pine Ridge homes are among the most highly-sought after pieces of real estate in the Naples area. Competition among buyers and rising home values mean that those hoping to purchase a luxury home in Pine Ridge have to be ready to shell out the cash needed to secure the property.
Positive population migration
Close enough to commute but built with spacious lots and ample outdoor space, the peaceful community has seen substantial population growth over the past couple of years. Currently, the area is home to 1,769 residents, which is a notable 6 percent increase from last year. While this rapid growth indicates more competition among buyers, it also highlights the high level of desirability of the area, making Pine Ridge real estate a sound investment for long-term gain.
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*Header photo courtesy of Shutterstock