A Florida City Awaits the Payoff From Its Bet on Condos – New York Times

A Florida City Awaits the Payoff From Its Bet on Condos – New York Times As the stepchild to its more beautiful sisters in southwest Florida, Naples and Sarasota, this city has struggled for decades to revitalize its picturesque downtown and attract snowbirds and tourists. With low-rise buildings dating back to the 1800’s, the city …

The little house that could keeps paying off

The little house that could keeps paying off When Andrew isn’t managing his investment portfolio and his substantial charitable donations, he enjoys cooking delectable souffles and working in the lush backyard of the home he shares with his partner. At 55, the soft-spoken gent is already retired and now lives mostly off a trust created …

Sellers juggle mortgages in tough market

Sellers juggle mortgages in tough market Sellers juggle mortgages in tough market. Attorneys Katie and Paul Bergstrom never expected to be shoveling snow this winter at their previous home in St. Paul’s Cathedral Hill neighborhood. Last September, they moved into their dream home on St. Paul’s historic Summit Avenue. But the Cathedral Hill home still …

Longtime area homeowners can’t afford to move

Longtime area homeowners can’t afford to move Fast-rising home prices make it just as difficult to relocate in Southwest Florida as it is to buy a home for the first time. “I have been in my Cape Coral home 24 years,” said Carol Glazer, who opted for a major renovation over a move. She couldn’t …

SEA CHANGE: Low-rise condo on Sunny Isles Beach, facing major repairs, sells its piece of paradise for development

SEA CHANGE: Low-rise condo on Sunny Isles Beach, facing major repairs, sells its piece of paradise for development Dozens of windows are boarded up at the ’50s mom-and-pop motel turned condo. Walkways are propped up by scaffolding. Some of the siding is gone with the wind, while tarps cover some of the roofing. The 172-unit …