Thursday, August 20, 2009

Two Naples Florida Homes Sell for $14 Million -Each!

If increasing home sales in Naples, Florida are any indication of positive momentum in the real estate market, then the recent sale of two separate $14 million dollar homes certainly proves the uber luxury market is alive and well.

The first home sold on July 29Th, 2009 for $14,000,000 in the subdivision of The Strand at Bay Colony. Locals refer to this unique stretch of home as "the castles in the sand." This home of over 10,000 square feet of living area was designed by David Humphries. It is on the beach with amazing views of the Gulf of Mexico.

The second home sold on August 14Th, 2009 for $14,135,000 in one of the most prestigious communities in the world. Port Royal is at the pinnacle of luxury real estate on Florida's Gulf Coast. This stunning new home was designed by Harrell & Co. Architects. Situated on a waterfront cove with Gulf access, it has over 7,000 square feet of living area. This home was sold fully furnished for cash.

With sales like these and even more volume in home sales under one million, the second half of 2009 continues to be a strong buyer's market with incredible values for those wishing to make a move to Naples for the first time or up in size or location to a waterfront or beachfront home.

There were 652 sales (not including new construction sales) in Naples in July of 2009 compared to 378 during July of last year. Thirty-four of the July sales this year were luxury homes and condos over one million dollars. And in August, there are already over 244 sales as of August 20, 2009.

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