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1820 Gulf Shore Boulevard N...

Updated Dec 4, 2024

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

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:

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

Compass

Broker

$6.1M

vol

1 deal

Broker

Naples Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Deal FAQ

About $2K per square foot on a published $6.1M for 2,976 square feet (2024).

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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

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