Updated Nov 10, 2026
Joseph Caveney Of William Raveis Real Estate Represents Buyer In $19 Million Naples Waterfront Sale
275 Spring Line Drive
$19,000,000
$2,369/SF
Building Size
8,019 SF
Asset Type
Single Family
Closing
Oct 23, 2026
About this deal
AI
A renovated waterfront estate at 275 Spring Line Drive in Naples, FL, has been sold for $19 million. This property encompasses 8,019 square feet and is set on a 0.86-acre double lot with views overlooking Moorings Bay. The estate features five bedrooms and nine bathrooms, along with two private docks.
Summary of transation details:
- Property Type: Single Family
- Transaction Amount: $19,000,000
- Address: 275 Spring Line Drive
- Market: Naples, FL
- Square Footage: 8,019
- Price Per Square Foot: $2,369
- Buyer's Representative: Joseph Caveney - William Raveis Real Estate
- Seller's Representative: Andrew Christopher - William Raveis Real Estate
- Acres: 0.86
The transaction was facilitated by Joseph Caveney and Andrew Christopher, both representing the buyer and seller respectively, under the William Raveis Real Estate agency. This off-market deal set a new record for the area's property sales, surpassing the previous record of $18.3 million.
On the Map
$19,000,000
$2,369/SF
Single Family
View full map
Players
Naples Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
Deal FAQ
Visit William Raveis Real Estate to view all their deals.
Browse Naples single family sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93