With summer upon us, those already-high electricity bills may increase even more. As Southwest Floridians use more energy to cool...
Read moreWith summer upon us, those already-high electricity bills may increase even more. As Southwest Floridians use more energy to cool...
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Hendrick Automotive Group opened a 60,000-square-foot facility to house its Rick Hendrick Chevrolet Naples franchise at 5665 N. Airport-Pulling Road...
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A North Naples estate broke the local record for highest-priced home sale in Quail Creek when it sold March 10...
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The Bay Landing retail center at U.S. 41 and Bay Landing Drive in Bonita Springs sold May 5 for $10,425,000....
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The last beachfront lot available on Marco Island became the all-time highest-priced lot sale on Hideaway Beach. A .45-acre vacant...
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A waterfront Port Royal home sold April 29 for $17.5 million to a local construction company that plans to demolish...
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City Mattress’ expansion into Cape Coral is starting to take shape. The Bonita Springs-based company purchased a 1.26-acre lot in...
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A 5,134 square-foot Isles of Capri home sold April 14 for $5.6 million, the highest-priced residential sale ever recorded in...
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A nearly 3-acre lot sitting on Tarpon Bay on Isles of Capri with direct access to the Gulf of Mexico...
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A nearly 1.5-acre beachfront property in Naples sold April 6 for $36 million, making it the highest sale this year...
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The last beachfront lot available on Marco Island became the all-time highest-priced lot sale on Hideaway Beach. A .45-acre vacant lot at 992 Royal Marco Way overlooking the Gulf of Mexico sold May 2 for $6 million.<\/p>\r\n
Cathy Rodgers of Premier Sotheby\u2019s International Realty's Marco Island office represented the seller, and Rebecca Sinatra, also of Premier Sotheby\u2019s International Realty, represented the buyer.<\/p>\r\n
Supply and demand drove up the price, Rodgers said, as the property was the last lot available on the beach at the time of the sale. \u201cHideaway Beach is the only place you can have a house on the beach,\u201d she said.<\/p>\r\n
Prior to the Royal Marco Way sale, the last highest lot sale on Hideaway Beach was for $5.5 million.<\/p>\r\n
The seller, who wasn\u2019t identified by Rodgers, bought the property in 1988 for $450,000 and has been waiting to sell for the right price, she said. It was on and off the market over the years and was listed for about 9 months before it sold.<\/p>\r\n
Not only has Rodgers brokered the highest-priced lot in Hideaway Beach, but she also sold the highest priced home in Hideaway Beach for nearly $12 million<\/a> on March 22.<\/p>\r\n
","post_title":"Marco Island\u2019s last beachfront lot sells for record $6 million","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"marco-islands-last-beachfront-lot-sells-for-record-6-million","to_ping":"","pinged":"\nhttps:\/\/www.gulfshorebusiness.com\/gb_daily\/waterfront-estate-on-hideaway-beach-sells-for-close-to-12-million\/","post_modified":"2022-05-11 12:00:10","post_modified_gmt":"2022-05-11 16:00:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.gulfshorebusiness.com\/?p=25868","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":25850,"post_author":"461","post_date":"2022-05-10 14:13:40","post_date_gmt":"2022-05-10 18:13:40","post_content":"A waterfront Port Royal home sold April 29 for $17.5 million to a local construction company that plans to demolish and rebuild the home at 1857 Galleon Drive.<\/span>\u00a0<\/span>\r\n\r\nGayle Satcher with William Raveis Real Estate represented the sellers, Dr. Adam Fueredi and his wife Hilde Fueredi, and Rex Miller with William Raveis Real Estate represented the buyer, Matt Brown with Viv Builders.<\/span>\u00a0<\/span>\r\n\r\nA nearly 1.5-acre beachfront Port Royal home also sold in April for $36 million,<\/a> making it the highest sale this year in Southwest Florida.\r\n\r\n
\r\n\r\nBuilt in 1957, the home in one of Naples\u2019 most exclusive luxury communities sits on almost an acre lot with direct access to the Gulf of Mexico and views of mangroves and Naples Bay. The location was a driving factor for the selling price because the presence of mangroves ensures the views from the home will not be disturbed by construction of new homes, Satcher said.\u00a0<\/span>\u00a0<\/span>\r\n\r\nThe Fueredis bought the home in 1976 for $230,000 and decided to sell because it was time for them to make a lifestyle change, Satcher said. They chose the Galleon Drive home to raise their family, and now they have a new home in the Naples area.\u00a0<\/span>\u00a0<\/span>\r\n\r\nWhen Satcher started the selling process almost a year ago, she didn\u2019t realize how red hot the market would become.<\/span>\u00a0<\/span>\r\n\r\nAlthough the home is still livable, it will be torn down and a new one will be built in its place. Satcher said she is seeing this happen more frequently and even to more recently built homes. \u201cAnything older than 2018 people don\u2019t mind demolishing,\u201d she said.<\/span>\u00a0<\/span>\r\n\r\n
","post_title":"Port Royal home sale clears $17 million","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"port-royal-home-sale-clears-17-million","to_ping":"","pinged":"\nhttps:\/\/www.gulfshorebusiness.com\/port-royal-home-sells-for-36-million-highest-sale-to-date-in-swfl\/","post_modified":"2022-05-11 15:34:29","post_modified_gmt":"2022-05-11 19:34:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.gulfshorebusiness.com\/?p=25850","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":25822,"post_author":"461","post_date":"2022-05-09 13:16:30","post_date_gmt":"2022-05-09 17:16:30","post_content":"City Mattress\u2019 expansion into Cape Coral is starting to take shape. The Bonita Springs-based company purchased a 1.26-acre lot in Cape Coral Commons for $1.2 million on March 11, according to property records. Located at 915 NE 15th Place, it is set to become the eighth City Mattress location in Southwest Florida.\r\n\r\nDanielle Robinson, director of Colliers International Southwest Florida, represented the seller, Pine Island Cape Coral, FL LLC, and Mike Concilla of LandQwest Commercial represented the buyer.\r\n\r\nCape Coral Commons is a new 13-acre retail development<\/a> still under construction on the northwest corner of Pine Island Road and Del Prado Boulevard. Thompson Thrift Retail Group began construction in April 2020, and expects it to be completed in the third quarter of this year, according to Colliers officials.\r\n\r\nOnly two lots remain available in the development with current tenants including Tire Kingdom, First Watch, Mission BBQ, Firehouse Subs, PJ\u2019s Coffee, Encore Nail Bar and Love Boat Ice Cream.\r\n\r\n\u201cCape Coral Commons is located on the Pine Island Road corridor, which sits in the heart of Cape Coral. The location paired with the rapid growth of Cape Coral and excellent co-tenancy in the development make this the perfect location for City Mattress\u2019 new location,\u201d Robinson said.\r\n\r\nIn Southwest Florida, City Mattress currently has seven open locations, four in Fort Myers, two in Naples and one in Estero.\r\n\r\n
","post_title":"City Mattress purchases land for $1.2 million in Cape Coral Commons","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"city-mattress-coming-to-cape-coral","to_ping":"","pinged":"\nhttps:\/\/www.gulfshorebusiness.com\/cape-coral-commons-names-new-businesses-off-pine-island-road\/","post_modified":"2022-05-09 13:16:30","post_modified_gmt":"2022-05-09 17:16:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.gulfshorebusiness.com\/?p=25822","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":25675,"post_author":"461","post_date":"2022-04-28 14:29:33","post_date_gmt":"2022-04-28 18:29:33","post_content":"A 5,134 square-foot Isles of Capri home sold April 14 for $5.6 million, the highest-priced residential sale ever recorded in the island community, according to Premier Sotheby\u2019s International Realty officials. <\/span>\u00a0<\/span>\r\n\r\nML Mead with Premier Sotheby\u2019s represented the seller from Naples, and Maurice Cossairt with Edgewater Realty represented the buyer.<\/span>\u00a0<\/span>\r\n\r\nThe waterfront property built in 2012 at 8 Pelican St. W., about two miles north of Marco Island, was placed on the market in October and was pending sale shortly after and closed six months later.<\/span>\u00a0<\/span>\r\n\r\n\u201cThis custom estate highlights the best of Naples\u2019 waterfront lifestyle in a sought-after coastal community,\u201d Mead said.<\/span>\r\n\r\n
\r\n\r\nThe three-story estate has four bedrooms, six bathrooms, a home theater, media room, loft, game room, two levels of lanais, an eight-car garage, in-ground pool, spa and outdoor summer kitchen. The home also has a dock with two boat lifts, which provides direct access to the Gulf of Mexico.<\/span>\u00a0<\/span>\r\n\r\n\u201cIts elegant features, spectacular outdoor living spaces and prime island location appealed to the discerning buyer seeking a private retreat near an array of countless cultural offerings,\u201d Mead said of the Isles of Capri home.<\/span>\u00a0<\/span>\r\n\r\nThe property last sold in 2015 for $3.2 million.<\/span>\u00a0<\/span>\r\n\r\nA nearly 3-acre lot zoned for residential or commercial use at 300 Capri Blvd. on Isles of Capri sold April 15 for $10 million.<\/a>","post_title":"Isles of Capri home sells for $5.6 million","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"isles-of-capri-home-sells-for-5-6-million","to_ping":"","pinged":"\nhttps:\/\/www.gulfshorebusiness.com\/isles-of-capri-lot-sells-for-10-million\/","post_modified":"2022-04-28 14:29:33","post_modified_gmt":"2022-04-28 18:29:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.gulfshorebusiness.com\/?p=25675","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":25662,"post_author":"461","post_date":"2022-04-27 15:07:56","post_date_gmt":"2022-04-27 19:07:56","post_content":"A nearly 3-acre lot sitting on Tarpon Bay on Isles of Capri with direct access to the Gulf of Mexico sold April 15 for $10 million. The property zoned for commercial or residential use at 300 Capri Blvd. was listed Feb. 1 for $24.9 million.\r\n\r\nVince Napoleon and Tony Oliverio with Coldwell Banker Realty represented both the buyer, a Marco Island Resident, and the seller, a couple from Tennessee, in what Napoleon called the highest sale for at least the past few years on the Isles of Capri.\r\n\r\n\u201cWe listed it high \u2026 hoping for a high price,\u201d Napoleon said.\r\n\r\nNapoleon explained he sold nine properties comparable to 300 Capri Blvd., and none sold for more than $2.5 million.\r\n\r\nThe buyer wants to develop the property in the community\u2019s best interest, and being local he knows the needs, Napoleon said. The likely option the buyer is considering is to build boat storage, offering both wet and dry slips. The property can accommodate about 86 wet slips and about 260 dry slips.\r\n\r\nThe sellers also had plans to construct boat storage on the property, but due to delays caused by COVID-19 and difficulties caused by living out of state they decided it was best to sell, Napoleon said.\r\n\r\nThe property last sold in 2017 for $2.9 million and previously for $160,000 in 1990.","post_title":"Isles of Capri lot sells for $10 million","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"isles-of-capri-lot-sells-for-10-million","to_ping":"","pinged":"","post_modified":"2022-04-27 15:47:36","post_modified_gmt":"2022-04-27 19:47:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.gulfshorebusiness.com\/?p=25662","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":25617,"post_author":"461","post_date":"2022-04-26 13:40:07","post_date_gmt":"2022-04-26 17:40:07","post_content":"A nearly 1.5-acre beachfront property in Naples sold April 6 for $36 million, making it the highest sale this year in Southwest Florida, according to Southwest Florida Multiple Listing Service.\r\n\r\nThe property at 4444 Gordon Drive was last purchased in 2021 for $27.1 million and in just five months sold for an additional $8.9 million. The buyer in 2021 had plans to build and make renovations to the property, but due to supply chain issues, the expected time to complete construction was extended. With construction taking too much time, the buyer decided to sell instead, Andrew Arreola with Gulf Coast International Properties said.\r\n\r\nArreola represented the buyer in 2021 and along with Tayor Canada represented the seller again in 2022. \u201cThe speed at which this record-breaking sale took place is reflective of the current sales escalation for luxury waterfront homes in the Naples 2022 real estate market,\u201d said Vicki Tracy, chief operating officer at Gulf Coast International Properties.\r\n\r\n
\r\n\r\nDuring the 2021 purchase of the property, Arreola said he negotiated \u201ca good deal\u201d since it was sold prior to season. The increase in sale price just five months later was influenced by another home in the area going under contract for a high price, raising the value of the 4444 Gordon Drive property. It also was the only beachfront property left on the market when it sold in April.\r\n\r\n\u201cIt\u2019s the very best of what Southwest Florida has to offer,\u201d Arreola said.\r\n\r\nThe property wasn't available for long as the estate had a $36 million offer before it was publicly listed. The 27-year-old, 10,000-square-foot home located within the Port Royal community sits directly on the Gulf of Mexico with 150 feet of beach included on the property. It has five bedrooms, seven bathrooms and a private inground pool and spa.\r\n\r\nThe buyers, who didn't want to be identified, plan to construct the property into their custom home to reside in seasonally, Arreola said. The transaction has yet to be published in property records.\r\n\r\nIn 1996 the property sold for $7.9 million and again in 2005 for $24.8 million.","post_title":"Port Royal home sells for $36 million, highest 2022 sale to date in SWFL","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"port-royal-home-sells-for-36-million-highest-sale-to-date-in-swfl","to_ping":"","pinged":"","post_modified":"2022-04-26 15:40:31","post_modified_gmt":"2022-04-26 19:40:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.gulfshorebusiness.com\/?p=25617","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":2},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_25"};
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