Laura Layden | Naples Daily News
The “Miracle Mile” in Naples has seen another eye-popping sale.
A beachfront redevelopment site has fetched $92.5 million. The buyer: Kolter Urban, based in Delray Beach on Florida’s east coast.
It’s the second big investment made by the same company along a roughly one mile-stretch of Gulf Shore Boulevard North that has been dubbed the “Miracle Mile,” after showing resilience in the face of so much devastation from Hurricane Ian in 2022.
The area is seeing major changes.
The storm has triggered more redevelopment and a grassroots effort, supported by the city, to rebuild and improve the “public realm.”
With the redevelopment, residents and city leaders see an opportunity to “make lemonade out of lemons,” in a public-private partnership to improve the look and function of the street, creating a marquee entrance into the city. A conceptual plan is in the works.
Kolter’s latest purchase in the area is a 3.07-acre site at 3300 Gulf Shore Blvd. N.
In a statement, Brian Van Slyke, the company’s regional president for the West Coast, said the purchase “represents Kolter Urban’s ongoing commitment to creating exceptional waterfront living experiences.”
The company’s projects include The Ritz-Carlton Residences in Sarasota, Saltaire St. Petersburg, ONE St. Petersburg, and Hyde Park House in Tampa, with other communities currently under development along both coasts of Florida.
Read the full article on naplesnews.com.
If you are looking for waterfront living in Naples, Florida, contact David at David at David@DavidFlorida.com or 239-285-1086.
Laura Layden | Naples Daily News
Legendary coach Mike Ditka is selling his long-time residence in North Naples.
In the listing, the million dollar-plus home in a gated community is described as “warm and inviting.”
The Ditkas have owned the custom-built home for more than 20 years. Mostly, it’s been a part-time residence for the NFL Hall of Famer and his wife Diana.
This gallery of photos… offers a peek inside the home, with some of the furnishings still there.
View the photos on naplesnews.com.
For more information about buying a home in the Naples, Florida area contact David at David at David@DavidFlorida.com or 239-285-1086.
Mark H. Bickel | Naples Daily News
A Naples home is No. 1 on the list for most expensive single-family property transfers in Collier County from Nov. 1-30, 2024.
This home is located at 3401 Rum Row. It has five bedrooms and nine bathrooms.
List price: $35,500,000
Sold price: $29,070,000
Neighborhood/Subdivision: Port Royal
Size: 8,232 square feet
Year built: 2021
Days on market: 80
Amenities: Bayfront, Boat Dock, Private Pool/Spa, Built-In Grill, Outdoor Fireplace
View: Bay
Following are the Top 10 real estate sales in Collier County recorded for November 2024. (Data provided by Royal Shell Real Estate)
Read on naplesnews.com.
For more information about buying a luxury property in the Naples, Florida area contact David at David at David@DavidFlorida.com or 239-285-1086.
Phil Fernandez | Naples Daily News
As abodes keep piling up in the Naples area multiple listing service known as the MLS, going old school may not be the best play entering the typically busier snowbird swarm.
Old school as in yanking listings that don’t sell by the start of summer and bringing them back for the bustling winter season.
“There have been 1,861 units withdrawn from the MLS in the past 120 days,” said Adam Vellano, a Compass Florida managing director, as summer and its 90-degree heat was stretching into the start of October. “This is a common trend annually as some sellers pull down their listings because they don’t think they’ll get the highest price during off season months. Unfortunately, if inventory begins to rise in the coming months in anticipation of our winter season visitors, the added competition will likely put pressure on sellers to lower their initial list prices or entertain below list offers.”
Read more on naplesnews.com.
For more information about buying a home in the Naples, Florida area contact David at David at David@DavidFlorida.com or 239-285-1086.
Laura Layden | Naples Daily News
A Port Royal estate has sold for more than $29 million, making it the second-highest sale in the ritzy neighborhood this year.
The waterfront estate – at 3401 Rum Row – changed hands for $29,070,000.
The deal closed Nov. 15.
The property, which sits on a 0.62-acre plot, along Galleon Cove, was listed for $34.5 million.
It went pending earlier this year, but that contract fell through after a separate, but related transaction fizzled out, and with it the financing source for the other deal, said C. Lodge McKee II, a global real estate adviser with Premier Sotheby’s International Realty in Naples.
“It wasn’t because of the financial discomfort of anybody,” he said.
He represented the successful buyer of the glitzy estate, spanning 8,232 square feet, with five bedrooms, and nine bathrooms. Described as a “rare offering,” the two-story residence was built in 2021.
Read the full article on naplesnews.com.
For more information about buying a luxury property in the Naples, Florida area contact David at David at David@DavidFlorida.com or 239-285-1086.
Mark H. Bickel | Naples Daily News
Congratulations, Naples. When it comes to the best places to retire in the U.S., you are simply the best, the cream of the crop and second to none.
U.S. News and World Report, considered a global authority in rankings and consumer advice, announced today Naples tops the 2024-25 list for Best Places to Retire. It’s impressive recognition when you consider 150 cites were evaluated.
And just as impressive is Naples climbing all of the way to the top of the rankings after being No. 28 in in 2023-2024.
Read the full article on naplesnews.com.
For more information about buying a home in the Naples, Florida area contact David at David at David@DavidFlorida.com or 239-285-1086.
