Renovated waterfront house in Naples sells for $16.1M
A five-bedroom, seven-bathroom house in Naples sold for $16.1 million, the most expensive sale of a Collier County house so far this year via the Southwest Florida Multiple Listing Service.
The sale price of the two-story waterfront house in Port Royal, one of the wealthiest neighborhoods in Naples, was $400,000 below the $16.5 million asking price.
Built in 1993, the house at 4295 Cutlass Lane recently was renovated by Naples-based A. Vernon Allen Builder.
The house was listed for sale for 95 days before the sale closed, according to Realtor.com.
Its $16.1 million sale price was 50 percent higher than the $10.7 million price the last time the house changed hands in 2014.
According to the deed, Michael and Julie McGlynn bought the house from Michael and Susan Price of Fredericksburg, Texas.
The listing agent was Richard Prebish of William Raveis Real Estate in Naples, and the buyers were represented by Premier Sotheby’s International Realty.
The highest price paid for a listed residence in Collier County was $17.7 million for a newly built house at 3750 Rum Row in the Port Royal neighborhood of Naples. [Naples Daily News] – Mike Seemuth
Source: The Real Deal