1. Introduction
Naples is a popular destination for vacationers and second home buyers seeking a family-friendly environment in Florida. This Gulf of Mexico city is known for its stunning beaches and golf courses, and it is emerging as a major luxury investment location.
2. The Appeal of Naples
Since 2015, Naples has been part of the Blue Zones Project, enhancing community health and happiness. East Naples has notably improved, demonstrating a 6.7% increase in well-being.
“Once you move to Naples, you can take 10 years off your age,” shares Ardel McKenna, a local real estate professional. The city’s draws include sailing, fishing, and nearly 90 golf courses, making it ideal for outdoor enthusiasts.
3. A Shift in Demographics
With more people working remotely, Naples has attracted urban dwellers from cities like Chicago and New York City. It ranks as the safest place to live according to a U.S. News survey, and holds the title of one of the fastest-growing cities in the U.S..
In recent years, Naples has seen a boom in real estate activity, with the city experiencing the highest home sales per capita among mid-size markets in the U.S. Furthermore, the average home price surged by over $200,000 year-over-year.
4. Luxury Developments
Naples Municipal Airport caters to private and chartered flights and is just a ten-minute drive from downtown. The city features upscale shopping with locations like 5th Avenue South and Waterside Shops, complemented by new luxury developments.
For instance, the Four Seasons is preparing to open the Naples Beach Club, which will comprise a hotel and luxury residences slated for 2024. Meanwhile, Kalea Bay offers stunning Gulf views and upscale amenities.
5. Real Estate Market Trends
There is significant momentum in property sales, with luxury homes reaching record prices. A recent sale of a beachfront property for $62 million exemplifies the high demand for real estate in Naples, particularly in sought-after neighborhoods like Port Royal and Old Naples.
“The demand for real estate in Naples never goes away,” McKenna emphasized. “Despite economic fluctuations, the interest in Naples continues to grow.”