Mid August I wrote about new construction trending up in Punta Gorda and since then I have had a number of people ask if I could give a few examples. So I plan to identify over the next few months products contributing to new construction. Today my focus is on who just opened a new model home on Bal Harbor in Punta Gorda Isles.
Named the Coquina with 2475 square feet under air this 3 bedroom, 2.5 bath, Den, Great Room, and 3 car garage is an stunning home by any measure. I would point out this as an excellent example of a builder aggressively working to reset the bar, delivering a finished product at a remarkable value. This extraordinary house is “loaded” with quality features and craftsmanship on every level. Flashback to 2005 this home would sell around 700k, today this model can be replicated for 469k on your lot. Minus the furniture and lot Arthur Rutenbeg will replicate this model home just as you see it.
Arthur Rutenberg Homes like all other highline builders faced with the unprecedented downturn in the market decided to looking at the whole process and see if they could reset the bar. Focusing on every aspect without sacrificing quality they have been able to remove cost while adding value. Net result I believe the finished product has raised the bar.
They have pledged to equal or exceed the craftsmanship of the model home when building for clients, demonstrating a level of confidence in design and build not often seen today. Couple this with “best vendor partners” offering top of the line components at volume discount pricing you have a formula designed to deliver quality, craftsmanship and value. Bottom-line the Coquina delivers a high-end home at an entry level price.
Arthur Rutenberg Homes has done an exceptional job, by positioning their product at this price point they now can compete with existing homes in the 500k and on up market. Too early to tell if this will be a game changer for the market but by all measures they have enjoyed a high level of interest resulting in a resurgent’s of sales.
Punta Gorda Fl real estate and the surrounding area continue to lag in sales of homes particularly in the 500k and over market. What the future holds remains uncertain but it is clear for people fortunate enough to afford a home in this price range now have the option to look at Arthur Rutenberg Home.