ROYAL HARBOR SPOTLIGHT
November 2021 Newsletter
Happy Belated Thanksgiving! I hope you and your families created wonderful memories together. The Naples real estate market continues to boom as the weather cools down up North and more people have made their way to stay in Naples for season or a short visit (weather is spectacular right now with crisp blue skies and temps of 75-80 during the day and cooling to 55-60 at night). Finding the right place is a challenge for buyers currently as all of SWFL has around 1.0 to 1.2 months of supply. Even with the low supply, new inventory continues to hit the market every day and new listing activity will pick up soon as it typically does every winter. January has always been the peak month for new listings, the one exception was last year when there was a more muted January peak but a second slightly higher peak in March. Will be interesting to see what happens this year!
This month I highlight the waterfront neighborhood of Royal Harbor, across Naples Bay from Aqualane Shores and Port Royal. It has many draws, most significant is it’s lined with waterfront homes giving you the ability to dock your boat in your backyard + home prices are considerably lower than those located directly across the bay. Check out additional info below!
~Enjoy, Matt
Royal Harbor Neighborhood: Market Update
The Royal Harbor neighborhood is a boater’s dream with direct access to Naples Bay and the Gulf of Mexico within 10-15 minutes. Royal Harbor is located on the east side of Naples Bay, south of US 41, directly across Naples Bay from Old Naples, Aqualane Shores and Port Royal. Only 1-2 miles from world-class shopping and dining in Old Naples on either Fifth Avenue South or Third Street South. There are approximately 544 single family homes within Royal Harbor spread over half a square mile of land and canals.
- Sold homes: There have been 40 sales so far in 2021 with 3 currently pending. The average home sold for $3.175M and had 3,123 SF.
- New builds: 8 of the 40 homes closed in 2021 were built in 2020 or 2021. New homes sold for an average of $4.22M with 3,858 SF = an average of $1093 PSF.
- Active Inventory: There are 8 properties currently on the market ranging from $3M to $16M
- Land sales: There were 4 vacant parcels of land closed so far in 2021 at an average price of $3.4M and an average lot size of 0.30 acres. There are 2 currently pending asking 2.3M and $6M and 1 on the market asking $2.6M with plans ready to build with a new seawall and preliminary house + dock plans.
- For more information – check out my Royal Harbor neighborhood page
12-Month Moving Averages:
Recent Real Estate News
Hidden Paradise Found: Clam Pass Beach and Rhode’s End Cafe—Naples’ Best-Kept Secrets Await!
Naples, Florida just moved two spots, now 2nd on Best Places to Retire in the United States! The beautiful beach town which previously ranked 4th on U.S. News’ list of best retirement cities, now boasts 2nd place on the list dominated by ...
Historic Port Royal Naples Opportunity
An unprecedented opportunity in Port Royal has risen, and it’s worth talking about... three Naples beachfront homes on Gordon Drive are currently on the market, individually or sold as a trio mega-property. How do 15 acres and 812 linear feet of Gulf of Mexico beachfront property sound to you?
Celebrities Who Call Naples/SWFL Home
Nestled in sunny Florida, SWFL has long been popular for those looking to soak up the sun and enjoy the laid-back lifestyle. In recent years, however, it has also become a magnet for some of the biggest household names. Let’s look closer at the celebrities and entrepreneurs who call Naples home…
Follow Matt On Instagram
Follow Matt Brown Naples Real Estate Agent Southwest Florida journey @mattbrownrealestate
If you are outside of Southwest Florida and desire an equivalent top real estate agent, contact Matt Brown at William Raveis Real Estate. Matt has a vast network of other trusted luxury real estate specialists nationwide from his two decades in the business and through affiliated companies such as Leading Real Estate Companies of the World, Who’s Who in Luxury Real Estate, and Luxury Portfolio International.
Looking for a luxury real estate agent Naples Florida, Matt Brown has the luxury market experience you desire, a vast network of clients and buyers, the in-depth market data knowledge you appreciate, the connections to aid in smooth transactions, and the relationships to help find your next luxury home, even before they hit the market. Contact Matt at (239) 580-8864 or [email protected]. You can also review his client reviews to get a better understanding of Matt’s qualifications.
