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Kalea Bay Tower 500 Hits $330M in Sales as Luxury Market Holds Strong

Kalea Bay Tower 500 Hits $330M in Sales as Luxury Market Holds Strong

Million-Dollar Momentum
Kalea Bay’s Tower 500—a 22‑story luxury residential tower in North Naples—just crossed a major sales milestone. As of mid-July 2025, the development topped $330 million in total sales, with 66 of the 120 units already sold, putting it on pace to sell out before construction wraps in September 2025.

Specs & Specs to Know
The final building in the Kalea Bay complex, Tower 500 offers Gulf views, floor-to-ceiling windows, lanais, and ultra‑lux finishes. Prices start around $3.5 million per unit, reflecting high demand among buyers seeking premium SWFL coastal residences.

A Reflection of Market Strength
Even as broader housing markets show signs of cooling, Naples’ ultra-luxury real estate is bucking the trend. Kalea Bay’s sales success follows record-breaking momentum at other high-end projects in the region:

  • Ritz‑Carlton Residences Estero Bay recently surpassed $700 million in sales.
  • Trio of Port Royal waterfront homes brought in $225 million in April.

Read more on naplesnewsnow.com.

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

NABOR Market Report | June 2025

NABOR Market Report | June 2025

Summer Buyers Enjoying More Options and Lower Prices

Naples, Fla. (July 25, 2025) – Even with predicted decreases in home inventory during the summer, buyers searching homes in Naples will enjoy more options this summer than any summer in the last 10 years. According to the June 2025 Market Report by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), inventory increased 18.2 percent to 5,885 homes from 4,978 homes in June 2024. Along with a healthy pool of options, a moderate softening of home prices sparked a 1.5 percent increase in both pending and closed sales during June. Broker analysts reviewing the report said the 1,282 sellers who removed their homes from the market during June will miss out on what may become a very good summer for sales in Naples.

A Sunny Start to Summer
According to the report, the average sales price in Naples increased 12.4 percent to $1,200,472 from $1,085,605 in June 2024. Those who understand our unique market will not be surprised to learn the report showed closed sales of properties over $5 million increased 13.6 percent over the last 12 months.

Exit Stage Left
“There is a perception that inventory is climbing,” said Mike Hughes, Vice President and General Manager for Downing-Frye Realty, Inc. “But the reality is exactly the opposite. Inventory decreased 21 percent in the second quarter of 2025. The decline in inventory was due to successful closings as well as some sellers removing their listing from the MLS during the summer with the hope they will get their target price later in the year when they relist their property.”

Unlike traditional housing markets in the U.S., many homeowners in Naples are not pressed to sell due to changing life circumstances. And a majority do not have a mortgage either. If they did carry a mortgage or have a deep need to sell, local brokers say they might be more open to negotiations.

The NABOR® June 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 Market Report June 2025 chart

Uniquely Naples
“In December of 2021 there were 1,042 homes on the market,” said Cindy Carroll of Carroll & Carroll Appraisers & Consultants, LLC. “We have more today, but not an oversupply.”

As expected, prices adjust according to the laws of supply and demand. In June, the months supply of inventory was 9.2 months. Carroll said, “I consider a balanced market in Naples to be a 12-month supply. When this figure gets to 1.5 years, then we might have an oversupply. But this simple formula can’t be applied all across Naples because our market is so unique.”

Are you looking for a home in the Naples, Florida area? Contact David at David@DavidFlorida.com or 239-285-1086.

Five things to know about improvements at Collier County’s 951 boat ramp

Five things to know about improvements at Collier County’s 951 boat ramp

J. Kyle Foster | Naples Daily News

As construction continues at one of Collier County’s most popular boat ramps, here are five things to know about the Collier Boulevard Boating Park and Caxambas Park, where damage by Hurricane Ian superseded the start of work at the Collier ramp.

1. Boat park major renovations first in 16 years
In August 2009, Collier County began a project to expand parking at the Collier Boulevard Boating Park, also known as the 951 boat ramp. Parking spaces were increased to 88 from 10, including 83 for boat trailers.

The park, on SR/CR 951 just north of Marco Island’s S.S. Jolley Bridge and east across 951 from Isles of Capri, was reopened in February 2010.

2. Current renovations began in mid-February
The 951 boat ramp closed the day after nearby Caxambas Park on Marco Island reopened Feb. 15, 2025. County officials planned the repairs to leave options for boaters.

On Collier Boulevard, the seawall has been replaced at the boating park, along with boat ramp structures and timber pilings. An Americans with Disabilities (ADA) compliant gangway and an ADA-compliant sidewalk leading to it from the parking lot have been built.

Read the full article and see photos and video on naplesnews.com.

Are you looking for a home close to boating and year-round outdoor recreation in sunny Southwest Florida? Searching for your perfect home in the Naples area? Contact David today at David@DavidFlorida.com or 239-285-1086.

Wait, let me take a selfie: 12 restaurants across Southwest Florida perfect for photos

Wait, let me take a selfie: 12 restaurants across Southwest Florida perfect for photos

Kendall Little and Robyn George | Naples Daily News

In Southwest Florida, restaurants don’t just come with fabulous food. You’ll find vibrant vibes and gorgeous views that make for spectacular photos, too.

Whether you’re going out with your friends, partner, or just yourself, here are 12 restaurants from Cape Coral to Naples that have picture-perfect backdrops for selfies to level up your social media.

Backyard Social, Fort Myers
This nearly 2-year-old hotspot has something for everyone, with drinks, food trucks, TVs, and games all under one roof. Backyard Social hosts events often too, ranging from game nights to watch parties to exercise classes.

There’s plenty of seating in the casual, spacious area, perfect for hanging out and chilling with friends and family. The decor is bright and colorful — a cheery modern backdrop for candid or posed photos.

With several food trucks rolling in, your visit can taste different every time.

Get the full list with photos on naplesnews.com.

Dreaming of life in vibrant, sunny Southwest Florida? Searching for your perfect home in the Naples area? Contact David today at David@DavidFlorida.com or 239-285-1086.

Two old Florida restaurants in Naples, Fort Myers area make statewide best of list

Two old Florida restaurants in Naples, Fort Myers area make statewide best of list

Robyn George and Dave Osborn | Naples Daily News

Hit the road in Florida and you’re bound to run into salty oyster bars, historic waterfront wonders, quirky roadside diners and a fabulous fish camp or two.

Welcome to the Sunshine State, where tastes of old Florida can be found here, there, and everywhere.

The USA TODAY Network Florida Dining & Entertainment team recently compiled a list of charmingly historic, road-trip worthy restaurants you’ll want to jump in your car, boat or golf cart to find.

Of the 16 old Florida finds from Perdido Key to Mayport to West Palm, these two were in our little nook of Southwest Florida:

The Snook Inn, Marco Island
There are waterfront restaurants in Florida, and then there are those that are hurricane-tested. Make that hurricanes.

The Snook Inn endured Hurricanes Wilma (2005), Irma (2017) and Ian (2022), not to mention others that have passed nearby. Yet this cool spot that’s more than 30 years old still stands.

And customers continue to be lured to the island south of Naples by enchanting Gulf breezes and stunning sunsets. They can sip a special drink like the Snook Inn Loaded Bloody Mary and order up a variety of seafood choices, from oysters and grouper to fried calamari to clams, red snapper, shrimp and much more. Find it at 1215 Bald Eagle Drive, Marco Island; 239-394-3313; snookinn.com

Cabbage Key Bar and Restaurant, off of Pine Island
This boat-access-only gem of an island restaurant and bar is awash in Old Florida history and charm. Dating back to 1944, food and drinks were served in what was then an exclusive island resort in Pine Island Sound. Fast forward to the 1970s and the original home of the island’s owners was converted into an open-air restaurant, while their library became the bar. Today, the latter is known as the Dollar Bill Bar with more than 65,000 customer-signed bills blanketing the walls and ceilings. Famous visitors range from Ernest Hemingway to Julia Roberts.

Besides fresh seafood, this island paradise serves a char-grilled cheeseburger that Jimmy Buffett, who was a frequent guest, may or may not have sung about. And before you get back on the boat, finish your visit to this slice of old Florida with a homemade slice of frozen(!!!) Key lime pie. Accessible only by boat, Cabbage Key is located at Channel Marker 60 in Pine Island Sound, 4.5 miles west of Pineland; 239-283-2278; cabbagekey.com

Still hungry for more? Read on naplesnews.com.

Thousands of new homes being built in SW Florida. What’s happening in Naples, Collier?

Thousands of new homes being built in SW Florida. What’s happening in Naples, Collier?

J. Kyle Foster | Naples Daily News

New home construction continues across Southwest Florida, and in Collier County coincides with two major I-75 interchange updates: at U.S./SR 951 (Exit 101) and the county’s first diverging diamond under construction at Pine Ridge Road (exit 107).

Thousands of homes, single-family and multi-family, have been approved, are in the planning stages or are under construction in the largest county in the state of Florida with 1,997 square miles of land. Most available land is in the north and east, and growth is pushing that way.

What are some of the communities being built or planned in Collier County?
Golden Gate Estates, a vast residential area in eastern Collier County, is still under construction, offering large acreage lots ranging from 1 to over 10 acres. The Golden Gate community is estimated to have a population of about 30,000, according to World Population Review. It has an expected build out of more than 54,000 residents, with a density of about 1 person per acre.

A community called Bellmar made up of three villages, including a whole new town, is proposed and has been approved at the county level for as many as 8,350 homes in east Collier County near Golden Gate Estates. Collier Enterprises has obtained some of the required local and state permits for the rural village east of Golden Gate Estates, the developer still needs what’s known as a Section 404, or wetlands permit, under the Clean Water Act to begin construction.

As many as 2,111 luxury single-family homes and villas may be built along the 951/Collier Boulevard corridor in the communities of Caymas, Seven Shores, Tamarindo and Summerlit – all on the northbound side of Collier Boulevard.

Fiori, Sparrow’s Amberlin South, Savoy, Allegro and Cadenza, Hammock Park, Azalea Park and Ekos will add 2,228 apartments and townhomes to Collier Boulevard.

The list goes on! Read the full article on naplesnews.com.

Are you looking for a home in the Naples, Florida area? Contact David at David@DavidFlorida.com or 239-285-1086.