Luxury homebuilder reaches $80 million in sales

NAPLES — Stock Custom Homes, the custom home building division of Stock Development, closed 2020 with $80 million in sales.

The unit, also named Builder of the Year by the Collier Building Industry Association, is continuing its sales streak into 2021, according to a statement. It recently sold a residence in Pine Ridge Estates listed at $3.45 million. Stock has another property opening in early February in Pine Ridge Estates, fully furnished and priced at $4.24 million.

Stock has also been actively expanding on Florida's east coast with multiple luxury residences in the Palm Beach Polo Golf and Country Club. The division recently sold its Roseville estate there, listed at $6.5 million, and is currently building a 13,000-square-foot oceanfront estate with a private beach on South Ocean Boulevard. The $59 million home is slated for completion this summer, the release states.

In addition to Palm Beach and Naples, Stock Custom Homes, is actively working on custom estates in Sarasota and Wellington. The parent company, Stock Development, has completed more than 5,000 homes and been named by Builder Magazine to its Builder 100, which ranks the nation’s top homebuilders. Additionally, Stock has expanded into apartment development, with projects in Sarasota, Naples, Fort Myers, North Naples and Estero. Stock had $490 million in revenue in 2019.