Condos For Sale in Pelican Bay Over $5,000,000

The data relating to real estate for sale on this site comes from the Broker Reciprocity (BR) of the Naples, FL. All properties are subject to prior sale, changes, or withdrawal.
This site was last updated Dec-05-2022 1:11:25 pm.

Luxury Condos In Pelican Bay Naples, Florida

Pelican Bay Condos
Pelican Bay Condos Over $5,000,000

Condos priced over five million dollars will typically be located in Bay Colony and newer condominiums like Mystique and Epique. On rare occasions, there may be a penthouse offering in buildings like Cap Ferrat and Montenero, depending on where the market is in the trend. As of October 2022, there has never been a mid-rise condo or low-rise condo that has sold for $5,000,000 or more.

New Construction

Please remember that new high-rise condos may require additional design and finish requirements before most prospective buyers consider the property to be finished—for example, decorative mirrors, closet finishes, upgrades in lighting, and technology packages. Furniture would likely not be part of the new condo price unless disclosed in the listing information.

Beachfront Condominiums

A large majority of the beachfront condos in Bay Colony will have a price tag of five million or more during peak market conditions, even if the condo unit needs to be remodeled. An attractive aesthetic value and furniture package can push prices to this level in lesser markets.

Common Areas

Another impact on values may have to do with the aesthetic value of the common areas of each building. If lobbies, social rooms, pool decks etc. are remodeled to improve the property noticeably, it can increase the value of the individual units. Condominiums due for remodeling may also sell at a discount considering there may be an assessment to bring the building to a more desirable level.

Other Determining Factors

Some residents have made decisions to alter their common area plans to serve their residents better. For example, the Contessa at Bay Colony rearranged their office spaces to expand their fitness facility and add a pilates studio. Other buildings are thinking outside their original options by including concierge-based services, which could greatly impact their property values. As buildings lean towards innovative ways to set their buildings apart from the original concept of the 90s and early 2000s, you can expect some exciting changes in the future.

Contact Shannon for more information on luxury condos in Pelican Bay or to see apartments for sale.

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