http://www.naplesnews.com/story/money/real-estate/2016/07/23/naples-tear-downs-tear/87345376/
This is obvious while driving around Naples, the homes are being demolished and new ones are being built. This is great while property values are increasing however if the market takes a dip we may not see all of them built out. You have to be aware of FEMA regulations as well as what the City of Naples requires. Here are a few highlights from the article.
Land and housing costs have soared over the past several years, making tear-downs a profitable and thriving business, especially in older, fashionable beachfront communities in the city of Naples — some of which sit in flood zones that can limit renovation plans.
Craig Mole, chief building official and director of building services for the city of Naples, said the city saw 139 single-family home demolitions in 2015. By comparison, the rest of Collier County, including Marco Island, only saw an estimated 75 home demolitions last year, according to Jenny Blaje, Collier County’s director of tax roll compliance.
59 more demolitions have been permitted in the city, and he expects construction of new custom homes on infill lots to remain strong.
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