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Naples Real Estate

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This is a particularly smart time to invest in Naples real estate (of course you could say that is true all the time). In this case, demand for Naples real estate can be anticipated to increase with help from new regulations imparted through Federal Tax Bill signed into legislation just this last December. As it now stands, rules are capping state and local tax deductions to only $10,000. In years past, such deductions were unlimited, and included real estate, and either income taxes or sales taxes. For those of you who itemize deductions, it is likely that your income taxes exceed the cap amount, particularly with respect to property and sales taxes. For those who reside within relatively high tax states (think New York and New Jersey) this translates to NOW is a great time to declare your home in Florida as we have NO state income taxes here.

In fact, since the new law came  into effect, we’ve seen an increase in real estate inquiries, especially that involving more affluent customers hailing from the East Coast of America. Stats help affirm this as during the first quarter, home sales priced above the $1 million mark were up 61

naples real estate

Report from Kiplinger indicates Florida among the most tax-friendly states in America.

percent according to the Naples Area Board of Realtors. What’s more, pending sales of condominium’s priced at $2 million or more increased by 109 percent from the same time last year. It makes sense that Naples real estate be more in demand when you consider that areas like New York alone have a maximum 8.82 percent state income tax. Essentially, for any income over an amount of, say, $120,000 … the taxes well-exceeded the $10,000 cap.

Beyond our wonderful weather, golf and scenic shorelines, Florida has long been promoted as one of the nation’s most tax-friendly states. In fact, a recent Kiplinger Report further affirmed our status in this regard, recognizing Florida among the Top Four of Tax Friendly States in America.


If you’re looking to maintain your wealth, yet also find a great home and quality-of-life unrivaled by any other community, Naples real estate remains a wise investment. For more information on homes for sale or other matters of Naples real estate, simply drop me a line by submitting the form below:

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