NAPLES, Fla. (Jan. 8, 2013) – Naples-based London Bay Homes has completed the purchase of 23 vacant homesites in Cabreo, a luxury villa neighborhood in Mediterra.
London Bay Homes manages sales and operations in Mediterra, the 1,700-acre master-planned community named seven times as Naples’ best community by the Collier Building Industry Association.
Square footages, exterior colors and landscaping designs for London Bay’s villa homes in Cabreo will be similar to the existing residences created by Taylor Morrison, which sold its remaining homesites in the transaction. Currently 16 of 39 homes are complete in the Cabreo neighborhood; London Bay expects its home and homesite packages to be priced in the $700,000s.
"Our team is excited about this acquisition for a number of reasons and particularly because of our passion for Mediterra," said Mark Wilson, president of London Bay Homes. "The addition of Cabreo complements the Lucarno neighborhood in Mediterra’s Garden District, offering the best value for new villas in Mediterra.
"The villa homes are extremely popular with our homebuyers," Wilson said, "so we’re pleased to have additional homesites to offer for 2013."
Since London Bay Homes acquired Mediterra in January 2010, the community has enjoyed $228 million in home sales, topping $100 million in 2012 alone.
The featured builder in several neighborhoods, London Bay offers numerous furnished model homes available for viewing throughout the community and has a total of four new model homes currently under construction in Mediterra.
Mediterra offers custom single-family estate homes, maintenance-free villas and coach homes in several neighborhoods. New floor plans and pricing opportunities are designed to meet buyer’s demand for functionality, flexibility and competitive pricing, with luxury Naples homes ranging from the $600,000s to more than $7 million.
A 1,700-acre luxury golf and beach club community, Mediterra offers a variety of amenities including a private Beach Club on the Gulf of Mexico, themed neighborhood parks, eight miles of walking and jogging trails, a fitness complex with tennis and bocce courts, swimming pool and spa services, and a 25,000-square-foot clubhouse featuring formal and casual dining.
For more information about "Having it All" at Mediterra, visit the community’s sales gallery just inside its Livingston Road entrance, two miles north of Immokalee Road and west of I-75; log onto www.MediterraNaples.com; or call 239-949-8989.
