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