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Naples FL Home Sells For $13 Million Cash

Uber-Luxury Real Estate is “On Fire”

Another uber-luxury home sold in the exclusive Naples, Florida community of Port Royal for $13 million on Tuesday. It was an all cash transaction. This is the third home to sell for over $9 million in less than a month. The sale went for about 18% less than the listing price of $15.9 million.

This estate home at 700 Kings Town Drive was built in 2006. The home is situated on a canal with Gulf access. There are six bedrooms, nine bathrooms, a theatre and a fitness room within 9,395 square feet of living area and 11,791 total square feet. Hand selected heliel limestone flooring and a 1,000 bottle wine room are just a couple of the luxurious features of this custom built residence.

The rebound in the luxury segment of the Naples real estate market is another sign that  Naples real estate is on the rebound. The first mega sale in January 2010, also in Port Royal, was for a $16.7 million dollar home. A third home sold for just over $9.5 million in late December of last year.

Port Royal homes currently range in sale from over $22 million to just under $3 million. To see all Port Royal homes for sale click here.

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