EOY Market Report - Park Shore, Moorings & Coquina Naples Florida - GCIP2023

PARK SHORE, SEAGATE, MOORINGS & COQUINA

End-of-Year 2023 Market Update

PORT ROYAL: 1188 GALLEON DRIVE SOLD $8,750,000 Represented the

OLD NAPLES: 380 1st Avenue North SOLD $7,300,000 Represented the

PORT ROYAL: 3405 GIN LANE

MARCO: 980 HYACINTH COURT

MARCO: 491 GRAY COURT

Gulf Coast International Properties ® presents its Year-to-Date Market Report for 2023 for Park Shore, Seagate and The Moorings. This sought after report continues to be preferred not only by our discerning clientele, but by industry experts as well. World class integrated marketing efforts coupled with exceptional results have earned us the reputation as Naples’ premier boutique real estate firm. As the proven luxury market leader, Gulf Coast International Properties ® associates strive to exceed our clients’ expectations through uncompromising integrity and unprecedented concierge service. Our award-winning, locally owned and operated, multi-generational firm exemplifies the Naples reputation for luxury living. Specializing in exclusive one-of-a-kind estates, Gulf Coast International Properties ® invites you to experience the difference and to Live Exceptionally.

Park Shore, Seagate, Moorings & Coquina Sands

Beautiful weather, world-renowned white sandy beaches, and luxury living have put Naples at the top for desirable places to live and play. The four neighborhoods of Seagate, Park Shore, Moorings, and Coquina Sands personify the Naples lifestyle.

2023 Overall Single-Family Residential Data

Whether it is waterfront (gulf access) or off water, the popularity of residences in these neighborhoods has grown. Gulf access homes in 2023 sold volume was $138,292,600 compared to last year's ($131,665,000), this was an 5% increase.

Demand is still high for single family homes. Currently there are only 24 waterfront homes available with gulf access. The average days on the market was 97 and the ($) per square foot was $1,449.00 for waterfront. 2023 Highest sale was $11,017,600 on Mermaids Bight 2023.

Navigable

Source: Southwest Florida MLS

Off Navigable Water

In 2023 sold volume was $334,412,007 compared to 2022 ($375,979,261), this was an 11% decrease. Demand is still high for single family homes. Currently there are only 64 off navigable waterfront homes on the market. The highest sale off navigable water was $10 million on Pine Grove. The average days on the market was 103 and the ($) per square foot was $1,165.00 for off navigable waterfront.

Source: Southwest Florida MLS

2023 High-Rise Residences

The luxury condominium market in Park Shore, Moorings, Coquina Sands, and Naples Cay saw a strong 2023 even with the aftermath of Hurricane Ian. All high-rise residences' total closed volume for 2023 was $338,543,422 compared to last year's ($480,036,272), this was a -29% decrease. The average days on the market was 58 and the ($) per square foot was $1,145.00 The average selling price increased 25% over last year.

Currently there are 102 high-rise residences available in Park Shore, Coquina Sands, Moorings, and Naples Cay. There are 12 properties pending and 11 properties have closed so far in January 2024. The highest sale was $18,950,000 in the Regent.

Source: Southwest Florida MLS

2023 Villas Residences

The Villa residences total closed volume for 2023 was $38,133,800 compared to last year's ($22,350,000), this was a 7% increase. Currently there are 8 Villas available along the Gulf Shore. We saw 11% off list price as an average for the Villas. The average number of days on the market was 60 and the ($) per square foot was $980. Highest sale in 2023 in the Villas was $4,900,000 in Casa Mar.

Source: Southwest Florida MLS

2023 Low/Mid-Rise Condominiums

The low and mid-rise residences total closed volume for 2023 was $184,859,560 compared to last year's ($161,956,167) an increase of 48%. Currently there are 83 low-rise residences and 63 mid-rise residences available. The average days on the market was 54 and the ($) per square foot was $720.00.

The highest building sale was Ocean Terrace which sold for $16 million in Coquina Sands. La Perle in the Moorings marked the highest residential sale $4,896,650 for a mid-rise new construction building.

Source: Southwest Florida MLS

2023 Naples Cay High-Rise Residences

The Naples Cay high-rise residences total closed volume for 2023 was $39,882,500 compared to last year's ($34,010,000), a 17% increase. Currently there are only 8 residences available in Naples Cayhigh-rises. The average days on the market was 55 and the ($) per square foot was $1,292.00. The highest sale was $8,375,000 in Seapointe in Naples Cay.

2023 Naples Cay Low & Mid-Rise

The Naples Cay low-rise/mid-rise condominium residences and Villas did not have any sales in 2022 or 2023. Currently there are no properties in these buildings.

The Roddy Group team of professionals possess intimate market knowledge and a broad national and international network from which to draw. With record sales of over $35 million in 2023, call or email Darlene today If you have questions about your property or the new construction going on My team would love to meet with you and share our knowledge.

Source: Southwest Florida MLS

LUXURY REAL ESTATE AT THE HIGHEST LEVEL

DARLENE RODDY

REALTOR®, CLHMS, CRS, CNE

239.404.0685 

darleneroddy@gcipnaples.com

Darlene has been active in real estate on Marco Island and Naples since 2000. With a strong emphasis on beachfront and golfing community condominiums and upscale single-family homes, one of Darlene’s most intrinsic abilities is to match lifestyle preference with residence.

Darlene has received many designations including Certified Luxury Home Marketing Specialist (CLHMS), Certified Residential Specialist Guild Elite (CRS) and Certified Negotiating Expert (CNE). Her knowledge of Collier County has been honed since moving to Marco Island in 1998, and she consistently has ranked among the area’s top producers. With certifications placing her in the top three percent among more than one million REALTORS® nationally, Darlene Roddy is an experienced and extremely successful sales associate.

LINDSEY SKOTT

REALTOR®

847.652.7342  lindsey@gcipnaples.com

Lindsey’s focus is on superior customer service and communication. An unparalleled work ethic and positive attitude are the foundation upon which she serves her clients in Naples’ luxury real estate industry. Lindsey looks forward to continuing to help shape the vibrant real estate community in Southwest Florida for many years to come.

JULIE HALL

ADMINISTRATIVE ASSISTANT

803.331.1831  julie@gcipnaples.com

Ms. Hall has extensive experience in client relations roles including expertise in commercial asset management technology, along with custom home building and design, an ideal fit for Naples luxury real estate market. She prides herself on delivering a superior level of service to Darlene and her clients in a variety of administrative and marketing roles. In her spare time, Julie enjoys spending time with family, running, boating, traveling, spending time outdoors and with friends enjoying great food & wine.