Wednesday, January 22, 2025 / by Mike Shoaff
Exciting Changes Coming to the Moorings Area in Naples, FL
The Moorings neighborhood in Naples, Florida, is undergoing an incredible transformation. A prime piece of waterfront property at 3300 Gulf Shore Blvd. N. has been sold for an astonishing $92.5 million. This 3.07-acre site was formerly home to the Executive Club condominium, a 51-unit building constructed in 1969. After being purchased in February 2023 for $60 million, the building was demolished to make way for something new.
The developer, Kolter Urban, has big plans for this iconic location. Early designs show a stunning eight-story residential tower complete with modern amenities, including private boat docks, appealing to buyers looking for luxurious waterfront living.
Naples real estate expert Mike Shoaff shared his thoughts on the record-breaking transaction:
"To see 3 acres of sand sell at $92 million is mind-blowing, and with the purchase of their other properties, it will change the Moorings area for the better. I believe this will be a new trend for some of the aging buildings in the area that were built in the '60s and '70s. They may be charming Olde Florida, but age has taken its toll."
This development is just one example of how Naples continues to evolve. As older buildings are replaced by modern, upscale residences, neighborhoods like the Moorings are getting a fresh new look while maintaining their charm and appeal.
What’s Next?
If you’re curious about the latest condos in the Moorings or Coquina Sands, or if you’re considering buying or selling in Naples, reach out to Naples FL Real Estate Agent Mike Shoaff for expert guidance. Click here to explore more or contact Mike directly today!
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