Real estate industry: confidence is high

In some markets in the region, the power has shifted to the buyer — hello, more inventory. But from Naples to Tampa, real estate agents ooze optimism.

By Business Observer Staff
| 6:00 a.m. February 1, 2019
| 0 Free Articles Remaining!

Premier Sothebyâ€™s International President Budge Huskey is confident in the 2019 residential real estate market.

Development

While some real estate professionals and brokers along the Gulf Coast welcome a market they say is returning to normalcy in 2019, there is nothing routine about the sale at 2500 Gordon Drive in Naples.

The buyer of that house, a land trust, paid $48.8 million in June for the six-bedroom, nine-bathroom mansion, in Naples’ tony Port Royal neighborhood, according to property records. Even more abnormal: The owners tore down the 24-year-old house in November, choosing to rebuild another mansion on the site, which includes 5 acres of Gulf of Mexico waterfront.