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Zip code 34102 is one of the most desirable residential real estate areas in the country for ultra-high-net-worth individuals.
Naples locals already know this, but data from Coldwell Banker Previews International confirms the tony town ranks up there with other super-wealthy enclaves such as Beverly Hills and Aspen.
Sales of luxury homes in the $5 million or more price range in 2014 vaulted Naples into the top five most desirable areas list. The 34102 zip also came in sixth in the nation for number of home sales that cost $10 million or more, with 11 sales in that category last year.
The $10 million price range is growing. Sales in that sector more than doubled in four cities: Naples, Aspen and Atherton and Santa Barbara, Calif. Not surprisingly, the Beverly Hills zip code had the most sales in that price range last year, with 35 transactions.
In a recently published luxury market report, Coldwell Banker attributed the rise to increased mobility and technology that allow younger millionaires and top corporate executives to live anywhere they choose. These ultra wealthy individuals head to areas like Naples that were once pegged as retirement or second-home destinations.
Coldwell Banker, for instance, cites an undisclosed executive with a large home-improvement chain in the Southeast who works at home in the Naples area because he loves the beach lifestyle. When he needs to conduct in-person meetings, he hops on a plane.
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