JLL Capital Markets led the sales effort for Naples Harbour Club, a unique waterfront redevelopment site currently improved with a 20-unit cooperative in Naples, Florida
News release
09 June 2025
Rare parcel in the heart of Naples Beach trades for $17.5M
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MIAMI – Jun. 9, 2025 – JLLCapital Markets announced today that it has completed the $17.5 million sale of Naples Harbour Club, a 20-unit residential cooperative on 1.41 acres of waterfront land in Naples, Florida.
JLL represented the seller, the Naples Harbour Club.
Located at 1624 Gulf Shore Blvd. N, the site boasts significant water frontage along the Intracoastal. Current zoning allows for a boutique redevelopment project with up to 21 units and a maximum height of two habitable stories.
Naples Harbour Club is situated directly across the street from Naples Beach and the future Rosewood Residences Naples. The property sits on Gulf Shore Blvd., which has been dubbed Naples’ “Miracle Mile” due to the more than $1 billion in luxury and ultra-luxury developments that are underway and achieving sellout pricing above $4,000 psf. In addition to the water access, Naples Harbour Club is convenient to all of the upscale dining options, shops, entertainment options and golf clubs in Old Naples.
JLL’s Capital Markets Investment Sales and Advisory team representing the seller was led by Managing Director Maurice Habif and Senior Director Simon Banke.
“Naples continues to witness increased inbound migration, particularly from ultra-high net worth individuals. This migration is driving up pricing for new supply and creating insatiable demand for ultra-luxury product,” said Habif. “With little to no availability of waterfront land remaining, the dynamic is such that developers of new condominiums are willing to pay premium pricing to redevelop already built sites.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL’s newsroom.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.