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Luxury home market moves into the Moorings

Port Royal remains the most upscale address in Naples, however, communities such as the Moorings and Park Shore have been added to the list as the latest and greatest luxury places to live in Naples.

Older, smaller homes are being demolished and larger, top of the line luxury homes and going up in their place by a variety of local builders.

Don Stevenson, of Don Stevenson Design, compared a home he recently designed in the Moorings to ones he has designed in Port Royal. “Those homes in the Moorings over the last few years have increased in value,” he began. “A lot of my particular clients have moved from gated communities to the Moorings neighborhood to be closer to downtown and the beaches. It has been extremely hot and popular for the last three years.”

Stevenson said the reason the homes are getting so pricey there is because the land is now so valuable. “The value of the land real estate has gone up so dramatically,” he explained. “You cannot find a lot to build a house on for under a million dollars. The land value really drives the quality and cost of the new home you are going to put on it.”

Stevenson compared the Moorings to other upscale communities to show how the value has skyrocketed.

“As early as a year ago you could buy a lot in Mediterra for $300,000 or $500,000,” he described.

With lots at more than $1 million, Stevenson knew he had to design a home to reflect that value.

 

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