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.
The 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.
Arreola represented the buyer in 2021 and along with Tayor Canada represented the seller again in 2022. “The 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,” said Vicki Tracy, chief operating officer at Gulf Coast International Properties.
During the 2021 purchase of the property, Arreola said he negotiated “a good deal” 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.
“It’s the very best of what Southwest Florida has to offer,” Arreola said.
The 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.
The 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.
In 1996 the property sold for $7.9 million and again in 2005 for $24.8 million.