Blaze Zdravev Of John R Wood Properties Represents Buyer In $6.05M Naples Condo Sale
1820 Gulf Shore Boulevard North
$6,050,000
$2,032/SF
Building Size
2,976 SF
Asset Type
Condo
Closing
Jun 27, 2024
About this deal
AI
A third-floor condo at La Perle on Naples' "Millionaire's Row" sold for $6.05 million, marking the highest resale in the new luxury waterfront building. The 2,976 sq. ft. residence located at 1820 Gulf Shore Boulevard North Unit 301 features a private elevator, chef’s kitchen, water views, and extensive amenities. The property was originally listed at $6.4 million and sold after 20 days on the market.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $6,050,000
- Market: Naples
- Square Footage: 2,976
- Price per Square Foot: $2,033
- Address: 1820 Gulf Shore Boulevard North Unit 301
- Buyer's Rep: Blaze Zdravev - John R Wood Properties
- Seller's Rep: Karen Majerczak - Compass
Blaze Zdravev from John R Wood Properties represented the buyer in the transaction, while Karen Majerczak from Compass represented the seller. The sale of this luxurious condo highlights the demand for premium waterfront properties in the Naples market, with the residence offering upscale features and commanding a significant resale value.
Players
Naples Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.62%
Cash-on-Cash
-0.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93