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Naples condo listed for $32.5M, nearby house hits market for $29.5M

  • By Mark Gordon
  • | 11:30 a.m. February 6, 2024
  • | 2 Free Articles Remaining!
The condo on Seagate Drive has nearly 5,000 square feet of outdoor terraces.
The condo on Seagate Drive has nearly 5,000 square feet of outdoor terraces.
Courtesy image
  • Charlotte–Lee–Collier
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The $30 million-plus residential listing market has two new entries in Naples. 

This follows the listing late last month for a $45 million home in the Port Royal neighborhood of Naples. There are currently at least 15 listings of homes priced at at least $30 million in Southwest Florida, most of those in Naples, according to MLS data. At least another five properties are priced from $29 million to $30 million.

The brokerage on three of the most recent listings is Naples-based John R. Wood Christie's International Real Estate. The Jane Wood Team is the agency behind the Port Royal home, while the two latest ones are both represented by The Earls | Lappin team.

The condo listing is for $32.5 million, according to a statement, which says the price point establishes a “a new benchmark for the community and Naples’ resale condominium market, according to data provided by the Southwest Florida Multiple Listing Service.”

The condo address is 81 Seagate Drive, Penthouse 20, in The Seasons at Naples Cay. The 11,960-square-foot unit, initially built in 2002, has an additional 4,843 square feet of outdoor terraces and was recently redesigned, according to a statement. The team of Dick Portillo, C&E Builders and Theory Design’s Ruta Menghlazi oversaw the redesign, the release adds. 

The 81 Seagate unit was last sold in September 2022 for $11 million, according to Collier County property records. The current owner, records show, is 81 Seagate LLC. That LLC’s registered agent, according to a Florida Division of Corporations database, is Chris Covelli of Naples. Covelli, according to his LinkedIn profile, is the owner of C&E Builders, which was formerly Mike Vitte Construction. The company, he says, “has been one of the top luxury renovation businesses in Naples for two decades.” 

The interior of the unit includes a kitchen with champagne eucalyptus cabinetry, white Macaubas counters and Miele appliances; master retreat with water vapor fireplace, dual full baths, morning lounge and Gulf-front spa surrounded by a living wall; four guest suites, one with a separate kitchen and living area; an entertainment bar, wine room and wine bar; private sauna and exercise room; and a formal study with balcony and fireplace. Floor-to-ceiling glass windows throughout the residence provide 360-degree views of the Gulf of Mexico, Naples and beyond, the release states. 

The Seasons at Naples Cay is a gated beachfront high-rise residential tower bordering Park Shore to the south and Pelican Bay to the north. Completed in 2002, the tower includes 43 residences ranging from 4,740 to 11,698 square feet of living space. Each residence is accessed via a private elevator vestibule. The building is within walking distance of Waterside shops, The Village on Venetian Bay and Artis-Naples.

"We are honored to present this one-of-a-kind penthouse, setting a new standard for luxury in Naples,” said Bill Earls of The Earls | Lappin Team in the release.

The other listing from the The Earls | Lappin Team is for a waterfront estate at 960 17th Ave. S. in the Aqualane Shores neighborhood. The home, on a 1.02-acre site, is 44,225 square feet and is listed for $29.5 million.

The Aqualane Shores home is on a 1.02-acre site.
Courtesy image

There are four ownership entities for the property, according to Collier County property records, with three coming back to Wilbert and Peggy Hamstra. The couple and their family own The Hamstra Group, an Indiana-based developer and builder with multiple projects in the Midwest and some in California and Florida. The entities connected to the Hamstra family paid $10 million for the house in July 2015, records show.

The home, according to a statement, was designed by Stofft Cooney Architects and built by BCB Homes. It’s one of the largest sites in Aqualane Shores, with more than 340 linear feet of Naples Bay water frontage, and is the neighborhood’s most expensive non-beachfront listing, the release adds.

"Without a doubt, this residence is the most significant offering in the history of Aqualane Shores," says Earls. “Its plentiful Naples Bay water frontage offers the benefit of expansive and dynamic bay views while having the benefit of quiet waters of a yacht basin.”



Mark Gordon

Mark Gordon is the managing editor of the Business Observer. He has worked for the Business Observer since 2005. He previously worked for newspapers and magazines in upstate New York, suburban Philadelphia and Jacksonville.

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