Location, location, location: Fifth Ave. condo prices reach $1.2 million
November 26, 2014
NAPLES, Fla. – The 14 condos are relatively small, used, and sit atop offices, shops, and banks. They don’t have any fancy amenities; in some cases they don’t even have flooring. Their asking prices? Between $625,000 to $1.2 million. Yet Naples Fifth Avenue Residential LLC is betting these newly released units will easily bring those heady prices, which on an average per-square-foot basis top those in the most trendy downtowns in other resort cities such as South Beach in Miami and Scottsdale, a Phoenix, Arizona, suburb.