Compton Holdings II LC Sells Waterfront Estate At 1829 South Inlet Drive For $11.9M

A waterfront estate located at 1829 South Inlet Drive in Marco Island has been sold for $11.9 million. This single-family home spans 7,200 square feet and has a price per square foot of $1,653. The sale marks one of the highest-priced deals of the year for the island and the fourth-highest sale on record.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $11,900,000
• Address: 1829 South Inlet Drive
• Market: Marco Island
• Seller: Compton Holdings II LC
• Brokers: Jim Prange & Nikki Prange-Carroll - Premier Sotheby's International Realty
• Square Footage: 7,200
• Price Per Square Foot: $1,653

This transaction reflects the ongoing demand in the ultra-luxury waterfront market of Collier County, as the property was previously sold for $2.35 million in 2018. The brokers involved, Jim Prange and Nikki Prange-Carroll from Premier Sotheby's International Realty, facilitated the sale, contributing to the continued momentum in the market.