Today a beach property that had been on the market for 4.5 years went pending sold for $10.5 million US dollars.
The home was purchased in 2004 for $5 million dollars. The home has 4 bedrooms, 4,200 sq ft under air and a 100x115 lot which is small comparatively speaking.
It was located on Gordon Drive, one of the most valuable stretches of beachfront in the world where sales of $25 million plus aren't uncommon.
Not all beachfront homes are listed on the market but rather marketed quietly within a small group of agents in the area.
There are opportunities that might intrigue you if you are searching for a beach home in Naples but not finding what you're looking for, including buildable lots. The deterrent to building however, is time.
Many people opt to buy existing beach homes and renovate rather than spend the next 3 to 4 years going through the very strict permitting process to build on the beach.
Below is a link to the very short list of properties for sale on the local MLS and a digital map of Gordon Drive.
If you would like to know about other opportunities, give me a call.