The most expensive condo to sell in Naples, Florida during November 2011 was in the Seasons at Naples Cay, located at 81 Seagate Drive, #501, Naples, FL. This 4 BR +den / 5 BA / 7,243 SF condo includes two parking spaces. The selling price was $4.5M / $621 SF, which was 100% of the asking price.
Congratulations to selling Emily Bua of Naples Estate Properties for closing this transaction.
Honorable mention for 2nd most expensive Naples condo sold in November 2011 was in Park Shore at the Brittany located at 4021 Gulf Shore Boulevard N, #1405, Naples, FL. This 3 BR +den / 3 BA / 3,050 SF includes two parking spaces and furniture. The selling price was $1.9M / $622 SF, which was 97% of the asking price.
The Naples luxury home market has remained active despite the national real estate slow down. With tropical weather, Florida's advantageous income tax laws and significant reductions in construction costs, many are electing to build new dream homes in the Naples area.
Much of the luxury new construction activity to date has involved tear-downs in upscale waterfront communities including Port Royal, Aqualane Shores and Olde Naples. Original homes on prime waterfront lots built in these neighborhoods 40 or 50 years ago are often purchased, torn down and replaced by a larger modern home.
Luxury new construction generally costs at least $500 SF and can range significantly higher based on the level of customization of a given home. This cost is on top
The residents of Mediterra in Naples treasure their beach club located seven miles away on the northern end of Bonita Beach on Hickory Boulevard. The beach club offers Mediterra owners the opportunity to swim, sunbath, dine and socialize in an exclusive setting on a world-class beach.
The beach club was recently freshened up with lighter contemporary colors that compliment the waterfront beach environment. Gone are the dark colors and mahogany woodwork that were installed when the club was first constructed.
When not at the beach club, Mediterra residents can enjoy a round of golf on two Tom Fazio designed championship courses and then dine or socialize in the communities' 25,000 SF clubhouse. Here is a resource to learn more about this luxurious