The single-family housing market is on fire. We are seeing limited inventory because there is a surplus of buyers who are making the switch from condos to single-family homes for increased square footage, and those from northern states who want more desirable weather and space.
NAPLES, Fla. (PRWEB) July 16, 2020
Engel & Völkers today announced the record-breaking sale of 2615 Tarpon Rd, a single-family home in Royal Harbor. License Partner and Private Office Advisor, Ryan Chiodo of Engel & Völkers Olde Naples and Engel & Völkers Bonita-Estero represented the buyer in the purchase of the highest-priced listing the Royal Harbor community has ever seen.
“The single-family housing market is on fire,” said Chiodo. “We are seeing limited inventory because there is a surplus of buyers who are making the switch from condos to single-family homes for increased square footage, and those from northern states who want more desirable weather and space.”
The nearly 9,000 square-foot home features five bedrooms plus a den, five full bathrooms, three half bathrooms, chef’s kitchen, breakfast nook, family room, formal living room with a wet bar, wine cellar and elevator. The home’s second level offers a secondary family room with a wet bar, media room and study along with three bedrooms. A sprawling outdoor living area features an outdoor kitchen, bar and dining area, saltwater infinity-edge pool with swim-up bar and saltwater spa.
The home had been on and off the market since 2018, when it was originally listed for $7,950,000, prior to the latest entry into the market. Most recently, the home had been on the market for 20 days when Chiodo brought the buyer to the table and the sale went pending. It has since sold for a record-breaking price of $7,200,000, a whopping $4,800,000 above the community’s median home value of $2,400,000. Philip N. Collins, PA with William Raveis Real Estate represented the seller in the transaction. The buyers are recreational vehicle park owners.
Royal Harbor, a Naples neighborhood located on the eastern shores of Naples Bay with connecting channels to the bay and the Gulf of Mexico, contains just over 400 single family homes and select condos. The median list price per square foot is $431, $196 higher than the Naples average.
Linzee Werkmeister, Director, Public Relations & Franchise Support
Tel: (239) 348-9000
About Engel & Völkers:
Engel & Völkers is a global luxury real estate brand. Founded in Hamburg, Germany in 1977, Engel & Völkers draws on its rich European history to deliver a fresh approach to luxury real estate in the Americas with a focus on creating a bespoke, white-glove concierge client experience at every stage of the home buying or selling process for today’s savvy homeowner. Engel & Völkers currently operates approximately 175 shop locations with more than 4,000 real estate advisors in the Americas, contributing to the brand’s global network of over 12,000 real estate professionals in more than 30 countries, offering both private and institutional clients a professionally tailored range of luxury services, including real estate, yachting and aviation. Committed to exceptional service, Engel & Völkers supports its advisors with an array of premium quality business services; marketing programs and platforms; as well as access to its global network of real estate professionals, property listings and market data. Each brokerage is independently owned and operated. For more information, visit evrealestate.com.
About Engel & Völkers Florida:
Engel & Völkers Florida is the Master License Partner of the global luxury real estate brand Engel & Völkers in the state of Florida. Recognized for uniquely recruiting, training and equipping some of the top professionals in the real estate industry, Engel & Völkers Florida’s exclusive franchise model positions its license partners at the top of the premium market to gain market share and support their bottom line. The company represents franchise locations in: 30A Beaches, Belleair, Boca Raton, Bonita Springs-Estero, Cape Coral, Clermont, Delray Beach, Destin, Fort Lauderdale, Fort Myers Downtown, Gainesville, Islamorada, Jacksonville, Jacksonville Beach, Jupiter, Leesburg, Madeira Beach, Marco Island, Melbourne Central, Melbourne Downtown, Miami Coconut Grove, Olde Naples, Orlando Downtown, Orlando-Winter Park, Palm Beach, Palm Coast, St. Augustine, St. Pete, Stuart, Wellington, and Windermere.
Engel & Völkers Florida is continuing to strategically strengthen and expand its presence in premium real estate markets across the state of Florida. If you would like to know more about the Engel & Völkers brand or how to join its global network, which is known for demonstrating competence, exclusivity and passion, feel free to call our corporate office, located at 633 Tamiami Trl N, Suite 201, Naples, FL 34102 USA. Tel: +1 239-348-9000.
For more information about Engel & Völkers Florida, please visit florida.evrealestate.com