Over the past two weeks there has been a run on villas in Old Naples with 9 units being put under contract between $1.3m and $1.895m. This is remarkable for the fact that the (newer) villa market has been slow to stagnant while the single-family market has been on fire. The recent attraction to the villa market has a lot to do with the run on single-family homes of the same size driving the prices of the least expensive newer homes in good locations into the mid $2m range. A good sized lot in a sought after location in Old Naples has easily peaked above $1m.
510 10th Avenue South has been reduced in price by $100k to $1.595m. In the heart of Olde Naples, 5 blocks to the beach, steps to 3rd Street dining and shopping, and a short walk to 5th AVE south. This villa has everything you would expect and desire, SubZero refrigerator, double oven, gas Thermadore cook top, Bosch washer and dryer, wood and tile flooring, a well finished elevator, private pool, his and her walk in closet, Anderson impact windows, huge covered lanai and a summer kitchen. All three stories are concrete block construction, and you actually own the land you live on.
For a private showing please contact Adam Carriero @ firstname.lastname@example.org
. This villa will be held as an open house this sunday February 24th from 1-4.