Luxury builder sells $18.5M waterfront home — on spec

London Bay Homes recently sold a 7,640-square-foot home it built in the Port Royal neighborhood.

  • By Business Observer Staff
  • | 6:00 a.m. November 27, 2020
  • | 0 Free Articles Remaining!
Courtesy. 700 Admiralty Parade W. has views across Admiralty Bay to Keewaydin Island,
Courtesy. 700 Admiralty Parade W. has views across Admiralty Bay to Keewaydin Island,
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The high end of the high-end housing market, at least in Naples, remains relatively immune to the pandemic.

The latest example: London Bay Homes recently sold a 7,640-square-foot home it built on spec in tony Port Royal neighborhood for $18.5 million. The sale closed in October, and notably, there were three qualified buyers for the property, says London Bay Homes president and CEO Mark Wilson.

 

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