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.
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If you are looking for waterfront living in Naples, Florida, 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)
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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.
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.
Laura Layden | Naples Daily News
A second luxury mixed-use tower will soon rise at Metropolitan Naples.
Construction will start on the tower, known as Aura, next week.
It will be built at the corner of Davis Boulevard and U.S. 41, next to Ascent, in East Naples.
While Ascent is a luxury apartment community, with studios to penthouses, Aura is offering high-end condos for purchase, from $2 million to more than $7 million, in various sizes.
With Suffolk as the general contractor, the second tower is anticipated to be completed in 22 months, or a little less than two years.
Metropolitan Naples has been years in the making. At completion, it will have three 15-story buildings on a roughly five-acre site, transforming a high-profile corner, on the doorstep of downtown Naples.
Read more about the Aura tower at Metropolitan Naples on naplesnews.com.
For more information about buying a luxury home at Metropolitan Naples contact David at David at David@DavidFlorida.com or 239-285-1086.
Laura Leyden
Photos of 3675 Fort Charles Drive, which fetched nearly $35.5 million.
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More articles from David’s blog about luxury real estate in southwest Florida.
Contact David at David at David@DavidFlorida.com or 239-285-1086 for more information and to view luxury properties in Naples, Bonita Springs and Marco Island.
Laura Layden | Naples Daily News
A cottage-style luxury estate near downtown Naples sold before auction.
An on-site auction, scheduled for Monday, was canceled.
After three weekends of open houses and global outreach, the nearly 5,000-square-foot home, built in 2022, went under contract on Friday, for cash and without contingencies, said Randy Haddaway, founder and CEO of Elite Auctions.
His company, based in Naples, was hired to do the auction, which included a big marketing and advertising push ahead of the event.
It’s the third time in a row that a multimillion-dollar house sold in the Naples market before a planned auction by Elite. Properties that make it to auction are sold to the highest bidder without a reserve price.
Read more on this and other luxury properties on naplesnews.com.
Contact David at David at David@DavidFlorida.com or 239-285-1086 for more information and to view luxury properties in Naples, Bonita Springs and Marco Island.
