- December 18, 2025
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To get a sense of the real estate rebound in Naples, consider The Gables on 6th.
Adam Smith acquired land during the downturn with 30-year-old rundown apartments on it for $2.85 million and built seven single-family homes there. The average selling price: $2.2 million each. Now, only one home remains for sale at $2.7 million.
“We sold them in 12 months,” says Smith, principal with Naples Redevelopment Inc. “The market is phenomenal.”
