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Blaze Zdravev Of John R Wood Properties Represents Buyer In $6.05M Naples Condo Sale

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SOLD
$6,050,000

Florida

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Condo2,976 SF
Sold 06/27/2024
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Property Image
SOLD

Blaze Zdravev Of John R Wood Properties Represents Buyer In $6.05M Naples Condo Sale

1820 Gulf Shore Boulevard North

See Similar Deals
Condo2,976 SF
Sold 06/27/2024
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Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,032
Total Square Footage:2,976 SF
Transaction Type:Sale

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:

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

Karen Majerczak
1 deal$6.1M volume(847) 913-6665
BROKER

Blaze Zdravev
John R Wood Properties
1 deal$6.1M volume(239) 601-7910
BROKER

Details

SOLD
IMAGE: 06/27/2024 ADDRESS: 1820 Gulf Shore Boulevard North Unit 301 MARKET: Naples ASSET TYPE: Condo BUYER'S REP: Blaze Zdravev - John R Wood Properties SELLER'S REP: Karen Majerczak - Compass SALE PRICE: $6,050,000 SF: 2,976 ~ PPSF: $2,033 NOTE: 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 features a private elevator, chef’s kitchen, water views, and extensive amenities; it sold after 20 days on the market, originally listed at $6.4 million.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,494.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,680.09
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