108 5th Street South, Old Naples, FL 34102
Congratulations to Gulf Coast International Properties for another successfully closed sale in Old Naples! Adam Carriero and Shawn Bleh sold their listing at 1080 5th Street South in downtown Old Naples. The 2310 Square Foot villa built-in 1998 sold in less than one month boasting a closed sales price of $1,450,000 ($627.71 per square foot). The write-up for the villa said; This is exactly where everyone wants to be! An amazing opportunity to be 5 blocks from the Gulf of Mexico, only 2 blocks from the historic 3rd Street Shops of downtown Old Naples, and 5 blocks to the world-famous 5th Avenue South. Spellbinder Villas are a small enclave of homes surrounded by mango trees and sunshine. Composed of over 2300 square feet under air, private heated pool, attached garage, 2 separate living areas on the first floor, 3 bedrooms + den, large gourmet kitchen (granite countertops, glazed cabinets, wine cooler, stainless steel appliances), volume ceilings, covered lanai with an electric roll-down screen and direct western exposure. Dog friendly!
I blogged on Nov. 25th, 2013 "Old Naples Villa Market" about the villa market and the future potential primarily driven by strong demand for single-family homes. We are now realizing the potential I wrote about in spades. The interest in a nice space in a great location is still strong even through the summer months. There are still some great opportunities available so if you find yourself on the fence as to when you should buy take a serious look at what is currently available because in 4 months we will be seeing increased seasonal activity which translates to more competition in the market.