The Olde Naples real estate market has made an incredible recovery and has surpassed 2005-2006 pricing levels in numerous categories with vacant land and single family leading the way. Just today, a property located at 212 7th Ave S which is by Naples standards a "tear down" on an approximate 100 X 150 parcel just went under contract. If this property sells within even 25% of its asking price of $3,950,000, it will set a new high water mark which as of now stands at $2.75m for like product. Prices in this area are still rising at a very rapid rate as inventory continues to dwindle and we are expecting a record setting season.
If you have further questions about the Olde Naples, Park Shore, Moorings, Port Royal, or Aqualane Shores areas contact luxury real estate professional Rex Miller of Gulf Coast International Properties at 239-821-1433
Rex Miller, P.A.