Most Agents Move On. We Stayed the Course. $22.05M Sold.

by Michael Sopka

We are proud to share the closing of the Gulf front property at 10047 Gulf Shore Blvd N, sold for $22.05M.

This was not a typical land sale. From the beginning, we understood it would take the right vision, the right buyer, and the patience to see it through.

Originally listed at $21M, we secured and exclusively marketed the property, bringing it under contract in May 2024 through careful positioning and negotiation.

The buyer, Paraiso Club LLC, pursued a long term plan. What followed was a multi year entitlement process to bring a new beachfront club concept to life. In November 2025, Collier County officially approved the project, with full support from neighboring property owners, a rare outcome for a development of this scale.

If you want to explore what is coming, you can see more here: https://paraisobeachclub.com

This closing follows another meaningful Coastal Team Naples transaction, the May 2025 sale of 7425 Bay Colony Dr, one of the few true beachfront sales completed that year.

The Season Is Here. The Window Is Shorter Than You Think.

The February numbers tell a clear story. Pending sales across Southwest Florida are up 28% year over year. Showings per listing are up nearly 17%. New listings dropped 9.5%. More buyers, fewer properties entering the market. That combination does not last.

For Sellers

The buyers here right now flew in with a list, a budget, and a timeline. When they leave, the next group will not look the same. One-third of active listings in this market previously failed to sell. When those sellers returned, 81% came back with a price cut averaging 6.5%, and their homes still sat significantly longer than well-priced competition. Pricing right the first time is not conservative. It is strategic.

For Buyers

Inventory sits at 8.1 months of supply. The median sale-to-list ratio is 95 to 96 cents on the dollar. You have leverage, but the data is moving against you. Pending sales have risen year over year for nine consecutive months. That window will not stay open through summer. Prices also remain 31% above 2021 levels — buyers entering now are not catching a falling market. They are buying into a correction the data suggests is nearly complete.

The market is correcting, and corrections create the clearest opportunities for people who are paying attention.

Thinking about a move this year? Fifteen minutes is usually enough. No pressure, no pitch, just an honest conversation grounded in what the market is actually doing. Our number is below.

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Exclusive Listings & Open Houses

COMING SOON

$15,950,000

605 Galleon Dr Naples, FL 34102

4 Beds | 6 Baths | 6277 Sqft

We also have a new luxury listing coming soon in Port Royal at 605 Galleon Dr. A waterfront residence offering 4 bedrooms, 6 baths, and over 6,200 square feet, currently positioned around $15.95M, representing a rare opportunity in one of Naples’ most prestigious neighborhoods. Be the first to tour. Call to schedule your private showing today.