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.
Gayle 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.
A nearly 1.5-acre beachfront Port Royal home also sold in April for $36 million, making it the highest sale this year in Southwest Florida.
Built in 1957, the home in one of Naples’ 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.
The 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.
When Satcher started the selling process almost a year ago, she didn’t realize how red hot the market would become.
Although 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. “Anything older than 2018 people don’t mind demolishing,” she said.