Fort Myers luxury waterfront condos receive Fannie Mae approval 3rd year in a row!

Attention buyers looking for a luxury waterfront condo for sale in Fort Myers!!  High Point Place has received Fannie Mae approval for the 3rd year in a row.

What does this mean???  In this crazy real estate market, there are many things to be aware of when making a new home purchase.

Location…

Price… 

Fees…

HOA stability…

Financability…

If a condo has been Fannie Mae approved, any lender is able to finance the building. 

In order to receive Fannie Mae approval a condo has to apply and meet certain requirements

• Building must be at least 50% owner-occupied.
• No more than 15% of the total units in a
  project can be 30 days or more past due on the payment of association
  assessments.
• No more than 10% of Total Units Owned by Single Entity.
• The project’s budget must be “adequate.” While there are no specific guidelines to follow to determine a budget’s adequacy, the budget should allocate a portion of income (at least 10%) to replacement reserves and adequately fund insurance deductibles.

This approval allows you to rest easy knowing that your new building is in a good stable financial position.  You do not need to expect assessments, because the reserves are funded.  You do not need to expect a fee increase because other owners are not paying their fees.  You do not need to expect to be buying into a building full of tenants, or empty units purchased in bulk by investors.  And best of all, this will expedite the financing timeframe by being pre-approved.

So come pick out your new condo at High Point Place!  Sales Office open daily, call to schedule an appointment 239.334.4164.

Newly upgraded Fort Myers luxury waterfront condos for sale

Are you in the market for a new home?  Are you looking for gorgeous water views?  Do you want your own private elevator entrance?  What about resort-style amenities;  Riverfront pool, spa, hammocks, BBQ grills, state-of-the-art fitness center, men’s and women’s saunas, social lounge, catering kitchen, resident library, conference room, gated parking and air-conditioned storage lockers…  High Point Place may be a perfect fit for you!

Have you been researching online and looking for a vacation place, or planning ahead for retirement?  High Point Place is the most desirable waterfront condo tower in Fort Myers.  The project is financially stable with almost 85% of the original developer inventory sold out.  The condo fees are low at $510/mth for all necessary utilities besides electricity and internet and that also includes all of the previously mentioned amenities.  The reserve account is fully funded and High Point Place is a Fannie Mae approved project so financing is no issue. 

All types of condos are still available – brand new, never-been-lived-in, with a 1-year warranty included.  From the 9th floor to the 32nd floor… From 1800 – 2200sf… From hardwood floors to tile to granite to 10 foot ceilings… All available from $330,000 – $499,000.

Our on-staff designer, Laura Youmans, is currently hard at work on two brand new models for the upcoming selling season.  Her 8 previous fully furnished models have all sold, but can still be viewed here.  Also recently, she just completed work on some newly upgraded unfurnished condos now available for sale.  Call for details or to schedule a showing 239.334.4164.

Residence #906 – $360,000 – Hickory wood flooring, custom moldings in elevator lobby and hallways

Residence #1410 – $350,000 – Dark bamboo wood flooring

Residence #1710 – $360,000 – Granite kitchen countertops, custom moldings in elevator lobby and hallways

WalkScore 63 out of 100

HighPoint Place’s WalkScore is 63 out of 100.  View our WalkScore

Walkable neighborhoods offer surprising benefits to the environment, our health, our finances, and our communities.

Environment: Cars are a leading cause of climate change. Your feet are zero-pollution transportation machines.

Health: The average resident of a walkable neighborhood weighs 6-10 pounds less than someone who lives in a sprawling neighborhood.

Finances: One point of Walk Score is worth up to $3,000 of value for your property. Read the research report.

Communities: Studies show that for every 10 minutes a person spends in a daily car commute, time spent in community activities falls by 10%.

Within 1 mile – First Watch Restaurant, Bennett’s Fresh Roast Coffee, Publix Supermarket, CVS Pharmacy,  Edison Park Elementary, Fort Myers High School, Centennial Park, Lee County Library, Sidney & Berne Davis Art Center