Vacationers and second-home purchasers have long been drawn to Naples, Florida, for its warm weather and family-friendly atmosphere. This city on the Gulf of Mexico is quickly becoming a top investment and octordle residential destination due to its idyllic white-sand beaches and world-class golf courses. In an effort to promote health and happiness in communities all around the United States, the city has been involved with the Blue Zones Project since 2015. Since then, East Naples in particular has seen the greatest growth in all of Southwest Florida, by a margin of 6.7%.
Ardel McKenna, a real estate representative at Coldwell Banker, remarked, “Once you move to Naples, you can shave 10 years off your age, because there are so many things to do here, like sailing and fishing and almost 90 golf courses.” As the old saying goes, “If you want to be outdoors, it’s the nicest spot in the world because it’s always sunny.”
With the rise of the remote workforce, cities like Chicago and New York are losing residents to the warmer climate of Naples. As a matter of fact, it has just been ranked as the safest location to live in the United States by U.S. News, and it is also one of the fastest-growing communities in the country, drawing not only seniors but also younger couples. Home sales in Naples were more than in any other mid-sized U.S. city in 2021, and the average home price increased by over 30%, to over $200,000. The median price of a property in the city was $739,000 in June of 2022.
“Right now, 42 is when most of our customers make their purchases. There is a lot of life in [Naples]. Many entertaining options may be found there, including dining and partying. One can always look forward to something fresh in Naples “As luxury real estate expert and Coldwell Banker realtor Dawn McKenna explained to T+L. “From a property standpoint, I’d compare us to Palm Beach. The key difference is that unlike the rest of Naples, Palm Beach Island can be explored on foot. However, Palm Beach Island is quite tiny, so West Palm Beach is quite crowded. Naples is slightly larger and does not have such.”
Naples is more appealing than more established luxury markets like Miami or Palm Beach, in part because of its lower population density. Private and chartered flights can land at Naples Municipal Airport (APF), which is within approximately a 10-minute drive from the city center (in 2020, it was one of only three private airports countrywide that saw an uptick in activity). Some of the best places to shop for designers can be found on 5th Avenue South and in the Waterside Shops, and the city is constantly adding to its inventory of high-end real estate.
With Naples Beach Club, a Four Seasons Resort, the prestigious hotel chain is making its Gulf Coast debut with a 125-acre complex that will have a 216-room hotel and 185 luxury villas. The hotel, which was designed by Hart Howerton and has interiors by Champalimaud Design, is expected to welcome guests in 2024. Kalea Bay is a complex of five towers in North Naples that offers completely furnished three- and four-bedroom condos with stunning views of the Gulf of Mexico, an outdoor fitness center, multiple swimming pools, and tennis courts, among other attractions. The condos at Kalea Bay have been on the market for two years, and this fall will mark the first time that buyers will be able to take possession.
In the middle of Naples, Florida, Rosewood Hotels & Resorts announced in May that they would be constructing their second Rosewood Residences property in the Sunshine State. There will be a total of 50 units in the complex, all of which will have access to the beach and the ocean. Each of the three- and four-bedroom homes will have a custom kitchen, a walk-in closet the size of a small bedroom, an outside balcony, and a private elevator.
Property transactions in the region are also rising. This past month saw the sale of a 16,000 square foot seaside mansion for $62 million, breaking the previous record for the priciest single-family dwelling in Naples by $10 million. Port Royal, Old Naples, and Aqualane Shores are three of the city’s most talked-about areas right now.
According to Ardel McKenna, “the demand [for real estate in Naples] never goes away.” “The scale is expanding. The demand for Naples will never decrease, regardless of what happens to interest rates or the stock market.”
