BUYER: RLR1 LLC (principals: Ralph and Roby Roberts and Michelle Carpenter), Wilmington, Ohio
SELLER: St. Mark LLC
PROPERTY: 601 Fifth Ave. S., Naples
PRICE: $2.4 million
PREVIOUS PRICE: $2.56 million, July 2003
LAW FIRM ON DEED: Craig D. Blume Esq., Naples
PLANS, DESCRIPTION: A firm affiliated with a Sanibel real estate company purchased the 4,683-square-foot former Congress Jewelers building on Fifth Avenue for $2.4 million.
The price equated to $512 per square foot.
The buyer, RLR1 LLC, is affiliated with The Royal Shell Cos., a Sanibel-based real estate brokerage firm. The firm also rents out vacation properties and handles association/property management. The company has offices on Captiva and Sanibel.
David J. Stevens of Investment Properties Corp. represented the seller and Don DeLuca, the broker for The Royal Shell Cos., represented the buyers.
“We are in for permits right now to renovate it,” DeLuca says. “We hope to be open there by mid-to-late November.”