$13.5 Million - Beachfront Property in Olde Naples Sells for Second-Highest Price in 2012

1356632048Naples, FL - Coldwell Banker Previews International® Property Specialist James W. Bates received a welcomed Christmas present this year – his second $13 million-plus sale in just two months. Bates closed today on 425 Gulf Shore Boulevard North, which sold for $13.5 million – the second highest sales price for an Olde Naples home in 2012, according to the MLS. Bates was also the listing agent for the most expensive property this year in Olde Naples, Casita de la Playa, which closed on November 9 for $16 million.

The estate is situated directly on the Gulf of Mexico with 170 feet of beach frontage, and encompasses 1.39 acres of tropically manicured grounds. The spectacular home boasts more than 9,000 square feet with five bedrooms, 5.5 bathrooms, and a fabulous two-story living room with floor-to-ceiling windows offering a panoramic view of the beach and ocean.

“This sale further confirms the strength of the Olde Naples luxury beachfront market. With only a handful of Gulf front homes on the market, unique estates like 425 Gulf Shore Blvd North are rarely available and affluent buyers see them and Naples as a sound investment as the market continues to strengthen,” said James Bates of the Coldwell Banker® Naples 5th Avenue office.

Originally from England, Bates represents many international clients from the United Kingdom, Europe and Canada, as well as the U.S.

The Coldwell Banker Previews International program has been a world leader in the marketing of luxury homes since 1933. The exclusive group of certified Coldwell Banker Previews Property Specialists make up more than eight percent of the Coldwell Banker sales professionals worldwide. Luxury-certified Previews Property Specialists participated in more than 13,500 transaction sides of homes priced at $1 million or more in 2011. On average, Previews handles $70.1 million in luxury home sales every day.*

425 Gulf Shore Boulevard


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Coldwell Banker Residential Real Estate (FloridaMoves.com) is the leading real estate brokerage company in Florida, serving the communities of Central Florida, Palm Beach, Southeast Florida, Southwest Florida and Tampa Bay. Coldwell Banker Residential Real Estate is part of NRT LLC, the nation’s largest residential real estate brokerage company. Coldwell Banker Real Estate LLC and NRT LLC are subsidiaries of Realogy Corporation, a leading global provider of real estate and relocation services. For more information visit our website www.FloridaMoves.com