August 2021 Naples Real Estate Newsletter

Hello!  I hope you and your family have enjoyed the last official month of summer, soaking up the last bit of vacation time and more casual evenings.  Naples and Southwest Florida continued to be a hot market all Summer with a record # of closings, 45% more than the Summer of 2019 and 16% more than 2020.  This month’s Port Royal 2021 Newsletter focuses on Naples’ premier neighborhood… which also ranked as the country’s most expensive neighborhood in 2018.  Port Royal’s homes and breathtaking setting, define luxury and exclusivity.  Enjoy!

Port Royal is Naples’ premier enclave consisting of some of the most desirable and exclusive real estate in the country.  Eligibility to join the beachfront Port Royal Club, first established in 1959, is only provided to those who own a property in Port Royal with this opportunity associated with it.  Most properties in Port Royal are situated on one of about a dozen coves, bays or channels with gorgeous water views as well as deepwater access to the Gulf of Mexico via Gordon Pass within 10-15 minutes.   This year has been a busy one so far for this esteemed community:

• 47 closed home sales so far in 2021 with 3 currently pending.  View 47 Closed Sales.  There were 50 closed sales last year.
• Sales prices this year have ranged from $3.8M to $52M and averaged $12.1M, up 31% from an average of $9.2M last year.
• Sales price/square foot ranged from $752/SF to $4,517/SF and averaged $1,896/SF, up 16% from last year.
• Inventory is very tight right now with only 8 homes on the market in Port Royal.  Over the last 5  years there were between 41 and 63 properties on the market at all times until April of 2020 when there were 52 homes listed and the inventory has dropped for 16 consecutive months:  View 8 Listings
• March 2021 saw a record number of home sales with 16 closings, doubling the previous record of 8 closings in March 2009.
• Land in Port Royal sold for an average of $9.3M with 11 sales so far this year.  View 11 Closed Sales  In 2020, there were 12 parcels closed for an average of $5.9M.
• The most expensive vacant parcel sold was $18.9M for a 0.71 acre beachfront lot with 100’ of beach frontage.
• There are currently 4 parcels of land on the market for sale. Read details in Port Royal 2021 Newsletter: View 4 Listings

• Easy Gulf access via Gordon Pass or a backwater cruise past Keewaydin Island near Marco Island provides boaters their paradise…miles of area estuaries and mangroves become easily navigable which feeds the beautiful calm waters of the Gulf of Mexico.
• For more information – check out my Port Royal neighborhood page…