Waterfront single family homes in Naples' luxury beach and boating communities of Park Shore, the Moorings, and Coquina Sands encircle various bays along fingerlike streets and have Gulf access through Doctor's Pass. These neighborhoods are in ideal locations centered among the primary entertainment hubs - the shopping and restaurants in Olde Naples to the south, those in Venetian Village and Waterside Shops along the edges of Park Shore, and the urban like Mercato in North Naples.
Prices for waterfront New Construction sold in these neighborhoods have continued to range in the $5,000,000s over the past 2 years, with variations generally arising from location and water frontage. Lot sizes for the homes sold ranged from 0.37 acres to 0.47 acres.
Currently, there are only four speculative New Construction homes on the market here. Three of the four have very short water frontage averaging 52 feet and lots equal to or less than 0.33 acres. The Moorings new construction property, 200 Spring Line Dr., being offered at $5,795,000 has the greatest water frontage of the four with 164 ft., a lot size of 0.44 acres, and the lowest price per square foot at $1,080. (Expected completion of 200 Spring Line Dr. is the end of October 2015. Price will be raised soon, closer to completion.)
In 2014, 14 waterfront properties sold at lot value in Park Shore and the Moorings, ranging in price from $1,545,000 to $2,750,000. Again, variations in price are typically due to location and water frontage. For example, you may be able to get a waterfront lot along the busy road of Crayton Rd. for a lower price, but the small group of homes around Moorings Bay which have ideal no-bridge Gulf access always demand a higher price.
In 2015, there have been no waterfront properties that have sold at lot value according to the Naples Area Board of Realtors MLS. There is currently only one such property actively listed. As demand for waterfront lots in these neighborhoods remains high, and inventory in this category is extremely low, now is a good time for owners that have been thinking about putting their home on the market to do so!
I specialize in these neighborhoods representing both Buyers and Sellers, and would be happy to answer any questions you have! Tricia Raynor at 239-961-1801 or [email protected]