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$11.5M Sale Of Historic Naples Home By Premier Sotheby's At Gordon River Trail

Property Image
SOLD
$11,500,000
Larry Lappin
Bill Earls
Melissa Williams
+ 1

Florida

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Single Family7,713 SF
Sold 05/23/2024
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Property Image
SOLD

$11.5M Sale Of Historic Naples Home By Premier Sotheby's At Gordon River Trail

1213 Gordon River Trail

See Similar Deals
Single Family7,713 SF
Sold 05/23/2024
Larry Lappin
Bill Earls
Melissa Williams
+ 1
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$1,491
Total Square Footage:7,713 SF
Transaction Type:Sale

A 7,713-square-foot house in Naples, located at 1213 Gordon River Trail, has sold for $11.5 million, marking the highest sale ever in the city's Estuary and Grey Oaks communities. The property was labeled historic, and the price of $11.5 million falls within the lower end of Naples' luxury market, where properties often list for over $10 million.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $11,500,000
  • Market: Naples
  • Address: 1213 Gordon River Trail
  • Square Footage: 7,713

The buyer's representatives for this transaction were Bill Earls & Larry Lappin from John R Wood Properties, while the seller's representatives were Daniel Guenther & Melissa Williams from Premier Sotheby's International Realty.

Players

Daniel Guenther
Daniel Guenther
4 deals$35.4M volume
BROKER
Bill Earls
John R Wood Properties
Bill Earls
4 deals$98.1M volume
BROKER
Larry Lappin
Larry Lappin
4 deals$98.1M volume
BROKER
Melissa Williams
Sotheby's International Realty
Melissa Williams
4 deals$37.9M volume(239) 248-7238
BROKER

Details

SOLD
IMAGE: 05/23/2024 ADDRESS: 1213 Gordon River Trail MARKET: Naples ASSET TYPE: Single Family ~ ACRES: 0.71 BUYER'S REP: Bill Earls & Larry Lappin - John R Wood Properties SELLER'S REP: Daniel Guenther & Melissa Williams - Premier Sotheby's International Realty SALE PRICE: $11,500,000 SF: 7,713 ~ PPSF: $1,491 NOTE: A 7,713-square-foot house in Naples, located at 1213 Gordon River Trail, has sold for $11.5 million, marking the highest sale ever in the city's Estuary and Grey Oaks communities, according to Premier Sotheby’s International Realty. Despite being labeled historic, the sale price reflects the lower end of Naples' luxury market, where properties listed for over $10 million, including one at $295 million, are not uncommon, with a recent sale at 1672 Galleon Drive reaching $46.8 million.

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash-on-Cash Return-1.27%
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