Cha-ching: Remodeled Naples penthouse sells for record $26 million

Cha-ching: Remodeled Naples penthouse sells for record $26 million

Laura Layden | Fort Myers News-Press & Naples Daily News

A Naples penthouse has fetched a record price of $26 million.

The selling agents boast that the price is the highest paid for a condo resale in Collier County, based on data culled from the SWFLA MLS (multiple listing service). The next closest sale based on the same data: $19.5 million.

The record-smashing penthouse — Penthouse 3 at The Regent — first listed at $29.5 million. It hit the MLS in March 2024, raising eyebrows, as a then unheard-of asking price in the beachfront high-rise tower.

Built by The Lutgert Cos. and completed in 2002, The Regent, a 24-story tower overlooking the Gulf, sitting within the city of Naples, has 37 homes. That includes five penthouses.

Penthouse Three came to market after a major renovation by Borelli Construction and Calusa Bay Design.

Read the full article on naplesnews.com, be sure to check out the photos!

Ready to explore the most exceptional properties of Southwest Florida? Contact me today to begin your journey. Contact David at David@DavidFlorida.com or 239-285-1086.

 

Vivid Shores New Construction Homes

Vivid Shores New Construction Homes

New Construction Homes by Pulte Home and Stock Luxury Homes at Vivid Shores in Bonita Springs, Florida.

  • Pulte Homes: one and two story modern design single family homes, designed for comfortable living.
  • Stock Luxury Homes: luxury homes on 78′ and 90′ homesites, floorplans from 2700 to 4000+ sq ft.

Live the Luxury Life Lakeside in Bonita Springs
Vivid Shores is an exclusive lakefront enclave located off Bonita Grande Drive in Bonita Springs, Florida, two miles north of Bonita Beach Road. As the last community of its kind in the area, it offers an elevated lifestyle defined by luxury, comfort, and modern elegance. The community offers 13 acres of lakefronr amenities.

Vivid Shores is a collaboration between Pulte Homes and Stock Development, offering 635 homesites with 451 new-construction residences. New homes will combine high-end finishes and modern layouts designed to complement the natural surroundings. Blending resort-style living with suburban convenience, the community provides a tranquil yet connected lifestyle with easy access to all of Southwest Florida.
 
To explore the new construction homes at Vivid Shores, contact David at David@DavidFlorida.com or 239-285-1086.
Florida House passes bill to eliminate most property taxes; Senate inaction looms

Florida House passes bill to eliminate most property taxes; Senate inaction looms

Jim Turner | News Service of Florida

Key Points

  • The Florida House passed a proposal to let voters decide on eliminating most homestead property taxes.
  • If approved by voters in 2026, the measure would cut an estimated $14.8 billion in local government funding.
  • The state Senate has not yet advanced a similar measure, citing concerns over the financial impact on counties.
  • Democrats argue the tax cut would shift the burden to renters and businesses and could underfund local services.

Read the full article on talahassee.com.

Are you seeking a home in the Bonita Springs – Naples, Florida area? Contact David at David@DavidFlorida.com or 239-285-1086.

NABOR Market Report | January 2026

NABOR Market Report | January 2026

Naples Area Board of REALTORS®

January Activity Shows Competitive Pricing Sparks Sales

Naples, Fla. (February 20, 2026) – Sellers in the Naples area housing market enjoyed increased buyer activity in January as pending sales increased 40.3 percent to 1,065 pending sales from 759 pending sales in January 2025. According to the January 2026 Market Report by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), there were 2,053 price decreases during January and 1,906 new listings, which opened the door to buyers seeking more choices in all price points and home types. Broker analysts reviewing the report anticipated January would enjoy continued sales momentum, as seen during the second half of 2025, and point to the 9.2 months of inventory as a signal that Naples has returned to a balanced market.

The overall median closed price in January decreased 4.1 percent to $627,500 from $654,000 in January 2025. However, this was driven by the condominium market, which had a 3.4 percent decrease in median closed price, to $450,000 from $466,000 in January 2025. The single-family home market, which had about 500 fewer properties for sale than the condominium market, reported a 1.6 percent increase in median closed price, to $812,500 from $800,000 in January 2025.

Despite a surge of 907 more new listings in January compared to December, overall inventory during January decreased 10.6 percent to 6,328 properties from 7,082 properties in January 2025, which highlights a rapid pace of sales outpacing new supply.

The Time to Buy is Now

“Buyers are making purchase decisions earlier because they can’t wait and look around—the property they want might be gone,” said Mike Hughes, Vice President and General Manager for Downing-Frye Realty, Inc. “Historically, sellers drop prices at the end of season, but we are seeing a shift as more sellers understand being competitive from the start of season is an advantage.”

The report showed 67 percent of sales during January were cash sales. In January 2025, 61 percent were cash sales.

Overall closed sales increased 0.5 percent to 564 closed sales from 561 closed sales in January 2025. Closed sales of condominiums increased 8.2 percent to 276 closed sales from 255 closed sales in January 2025. However, closed sales of single-family homes decreased 5.9 percent to 288 closed sales from 306 closed sales.

Depending on several factors including negotiations, inspections, and financing, it can take a sale under contract (pending sale) up to 90 days to close. “My advice to agents working with buyers today is to be vigilant and schedule inspections as early as possible,” said Hughes.

The NABOR® January 2025 Market Report provides comparisons of single-family home and condominium sales (via the Southwest Florida MLS), price ranges, and geographic segmentation and includes an overall market summary. NABOR® sales statistics are presented in chart format, including these overall (single-family and condominium) findings for 2025:
NABOR Report January 2026 report chart

Luxury Market Shines

The median closed price of single-family homes nearest the beach continue to rise. In Central Naples (34104, 34105, 34116), the median closed price of single-family homes increased 11.4 percent in January to $715,000 from $642,000 in January 2025. And in the Naples Beach area (34102, 34103, 34108), the median closed price of single-family homes increased 5.8 percent to $2,645,000 from $2,500,000 in January 2025.

Interestingly, condominiums over $5 million sold faster than any other home type and price point this January. Days on market for this property type in January fell 30.9 percent to 105 days from 152 days in January 2025. And in the 12 months ending January 2026, closed sales of homes with 4 or more bedrooms increased 9 percent.

The median closed price of single-family homes nearest the beach continue to rise. In Central Naples (34104, 34105, 34116), the median closed price of single-family homes increased 11.4 percent in January to $715,000 from $642,000 in January 2025. And in the Naples Beach area (34102, 34103, 34108), the median closed price of single-family homes increased 5.8 percent to $2,645,000 from $2,500,000 in January 2025.

Interestingly, condominiums over $5 million sold faster than any other home type and price point this January. Days on market for this property type in January fell 30.9 percent to 105 days from 152 days in January 2025. And in the 12 months ending January 2026, closed sales of homes with 4 or more bedrooms increased 9 percent.

Are you seeking a home in the Bonita Springs – Naples, Florida area? Contact David at David@DavidFlorida.com or 239-285-1086.

NABOR Market Report | 2025 Year End

NABOR Market Report | 2025 Year End

Naples Area Board of REALTORS®

Housing Market Moved Toward Improved Stabilization in 2025

Naples, Fla. (February 17, 2026) – Housing market experts with the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), provided insight and predictions during its annual Year-End Conference at the Naples Conference Center on Monday, February 9, 2026. NABOR® members and inquiring citizens tuned in either in-person or via Zoom to better understand the Naples housing market during 2025 and to gain perspective of the market’s potential in 2026. The 2025 Year-End Conference slides and video are available on NABOR.com.

Are you seeking a home in the Bonita Springs – Naples, Florida area? Contact David at David@DavidFlorida.com or 239-285-1086.

Multiple Offers – How Awful

Multiple Offers – How Awful

Christian Ross | Ross Title – Ross Law

“I really hate multiple offer situations.” Who knew?!

I recently spoke to a REALTOR® who said, “I really hate multiple offer situations.” Was this was a confession of weakness? If you’ve ever actually managed one—ethically, transparently, and in a way that truly protects your customer—you know exactly why that comment resonates.

Multiple offers aren’t “hard” because the market is hot. They’re hard because the margin for error gets razor thin: one sloppy communication, one perceived favor, one unclear instruction from the seller, and you’ve got an ethics complaint, a licensing issue, a reputation problem, or all three.

Below are three real reasons multiple offer situations are stressful—and how to handle them without losing control of the deal.

1) Ethics: “Fair and equal” treatment… while still maximizing your customer’s outcome

The ethical tension in multiple offers is obvious: you owe duties to your customer, but you also have obligations about honest dealing and proper presentation of offers.

In Florida, license law specifically requires that offers and counteroffers be presented in a timely manner unless the customer has instructed otherwise in writing.

That sounds simple—until there are two, three, or twenty (!!) offers landing at once, each with different terms, deadlines, and escalation language.

The best way to stay clean is to systematize the process. A few practical guardrails:

  • Get the seller’s written game plan up front.
    Do they want:
    • highest and best by a deadline?
    • to counter only their top 2–3?
    • to accept first clean offer that hits a number?
    • to disclose “multiple offers” to encourage stronger terms (or not)?
      (This is strategy—but it needs to be the seller’s strategy, documented.)
  • Communicate one standard set of instructions to everyone.
    Same deadline. Same submission method. Same disclosure language. Same expectations.
  • Avoid “shopping” offers in a way that looks like favoritism.
    Multiple offers create a natural temptation to “work” one buyer harder than another. Even when you’re trying to serve the seller, uneven communication is how accusations start.
  • Document everything.
    When emotions spike, receipts matter. If someone later claims you didn’t present their offer or you steered the process, your paper trail is your best defense.

NAR also publishes guidance for REALTORS® on presenting and negotiating multiple offers, emphasizing protecting the client’s interests while staying within ethical and legal duties.

2) “Unfair dealing” perception—especially when you represent both sides (and that’s becoming more common)

Even when you do everything right, the perception of unfair dealing is almost guaranteed for the buyers who aren’t chosen—because losing feels personal in a bidding war.

That’s manageable when there are clearly separate agents on each side. It becomes far more volatile when the listing agent ends up involved with the buyer side too (whether as a single agent, transaction broker, or even no brokerage relationship).

And yes—this is a conversation that’s growing louder because of the post-settlement environment. Several industry observers have predicted an increase in dual agency / one-agent transactions as commission structures and buyer-representation behavior shift.

Whether true or not, this is where complaints come from.

3) Managing the seller’s expectations (before they get entitled)

Multiple offers can also inflate the seller’s ego. It happens fast:

  • The seller starts believing every request is unreasonable because “we had ten offers.”
  • They become less cooperative on inspections because “buyers should feel lucky.”
  • They expect the deal to be painless because “we’re holding all the cards.”

Then the inspection hits—and reality returns.

A strong listing strategy includes training the seller that the “best offer” is often the one most likely to survive inspections and financing. Also, if the seller becomes rigid or punitive, they can turn a strong contract into a failed transaction.

If you don’t set that expectation, multiple offers can create an ungrateful seller problem: they got the number they wanted, and now they refuse to do anything reasonable to keep the deal together.

4) Backup offers: helpful tool, but only if everyone understands what they are (and what they are not)

A backup offer is not “almost under contract.” It is a real contract in second position, typically contingent on the first contract terminating.

Backup offers can be valuable because:

  • they reduce the seller’s downtime if the first deal collapses,
  • they keep leverage on the primary buyer (sometimes),
  • they provide an orderly Plan B without re-listing chaos.

But they also create risk if poorly explained.

5) The MLS status issue: can you keep the listing Active while under contract if everyone “agrees”? No.

This is where a lot of agents get tripped up, especially when a seller wants to “keep it active to collect backups.”

At least in Naples (NABOR’s MLS guidance), the rule is blunt:
“Under no circumstances can a property that has a contract on it be left as Active. Even if the sellers are accepting backup offers, the home must be placed in pending or pending with contingencies status.”

And status changes must be timely—NABOR MLS rules require status updates (e.g., pending to closed, etc.) within a defined window (commonly referenced as three business days).

So even if the buyer and seller both say, “We want it to stay Active,” that agreement does not override MLS compliance rules. The MLS is not a private marketing preference; it’s a rule-governed database.

Closing thought
If you run a multiple offer situation like a system—clear seller instructions, equal communications, tight documentation, sober expectations on inspections, and clean backup offer handling—you don’t just “win the deal.” You reduce the risk of the deal (and your reputation) unraveling after the excitement wears off.