Pelican Bay Homes
Pelican Bay homes For Sale
Pelican Bay Information
Community Info Condos For Sale Villas For Sale Open Houses Past SalesAbout Pelican Bay Homes
Homes in Pelican Bay come in a vast assortment of styles and sizes. The lowest-priced homes start from the 800s during weak economic trends and over two million during strong economic cycles. Beachfront estates in Pelican Bay have been listed for over $20,000,000. The first home was built in 1979 in the Pelican Bay Woods development.
New Construction in Pelican Bay
2016 marks the first year some original homes were torn down, and new homes were built speculatively. New construction activity increased substantially until 2022, and prices increased to never seen before values. You can expect speculative new home opportunities to fade during weak economic cycles, forcing new home enthusiasts to custom homebuilding options only.
How Values Are Determined
Smaller, original homes will be the most affordable. Since many of these homes were built in the 80s and 90s, many are due for renovation, and some are better suited for teardowns now. Lot location within the community is also a driver. For example, homes that back up to Tamiami Trail will not be valued as high due to the potential road noise. Many of these lots are larger due to the landscaped buffer and can be a solution for prospective buyers who prefer more room. New construction, golf course, and water views will drive higher pricing.
Remodeling Homes In Pelican Bay
Remodeling of existing homes has grown more popular in Pelican Bay. Not all homes here make good choices. Low ceilings, floor plan functionality, and construction attributes all play a hand in a good remodeling opportunity. As more new construction is built in Pelican Bay, remodeling decisions will become more important to your bottom line. If you are considering a remodel, contact Shannon for the best advice.
Gated Single Family Subdivisions In Pelican Bay
There are 12 single-family home subdivisions in Pelican Bay, but only five subdivisions are gated. Strand at Bay Colony is the most exclusive, offering Gulf front homes and two gated entrances. Bay Colony Shores is also behind the Bay Colony gate. Georgetown and Isle Verde are the next most exclusive, with Jamestown offering a keypad gated entry and the most affordable gated single-family home opportunities when available.
Prices For Pelican Single-Family
Prices vary drastically, with some discounting provided to homes in original condition and hefty premiums placed on new or fully remodeled homes. Subdivisions within Pelican Bay can affect values and views, and placement within the community. For example, gated communities are pricier than single-family home subdivisions outside a gated subdivision. Homes located next to busy roads like Tamiami Trail and Vanderbilt Beach Rd. will likely be less expensive. Even busier roads inside Pelican Bay can cause a difference in value. Lot appeal can also be a big determining factor for value. For example, south and west-facing lots can likely bring more value. Waterfront, golf course, and lot size are also a factor for value.
Contact Shannon for more information about homes in Pelican Bay today.