Positioned along the prestigious waters of Admiralty Bay, this exceptional one-and-one-half lot homesite presents a rare opportunity to create a legacy waterfront residence in one of Naples’ most coveted locations. Boasting highly sought-after southern exposure, the property captures breathtaking panoramic views across the wide waters of Admiralty Bay toward the surrounding natural beauty that defines this extraordinary setting. The expansive dimensions provide an exceptional building envelope capable of accommodating a significant estate residence while maintaining a sense of space and privacy rarely found today. Just moments from Gordon Pass and the Gulf, the location also offers convenient access to Naples’ celebrated inland waterways and some of the most pristine estuaries in the United States. Held for decades by the family of Port Royal’s original developer from the inception of the community until its acquisition by the current owner, the property possesses a unique and storied provenance within the neighborhood. Significant recent investment has further enhanced the offering, including the installation of substantial new riprap along the waterline. A rare opportunity exists to secure one of Port Royal’s most compelling waterfront properties prior to the highly anticipated completion of the new Port Royal Beach Club, scheduled for late 2026. Port Royal Club eligibility further enhances the offering, with the Club’s world-class beach, dining, fitness, and tennis facilities nearby. Just minutes from Naples’ internationally renowned shopping, dining, galleries, and cultural attractions, this extraordinary homesite offers the quintessential Naples lifestyle and an unparalleled opportunity to build a dream residence in one of the most desirable locations in Port Royal.
Lot/land
$21,000,000
940 Admiralty Parade E, NAPLES, FL 34102
--beds
--baths
--Square Feet
Unimproved Land
Built in ----
-- sqft lot
$-- Zestimate®
$--/sqft
$70/mo HOA
What's special
Highly sought-after southern exposureOne-and-one-half lot homesite
- 112 days
- 246
- 9
Zillow last checked:
Listing updated:
Listed by:
Richard Prebish, II 239-357-6628,
William Raveis Real Estate,
Thomas Campbell, Jr. 239-860-4923,
William Raveis Real Estate
Source: SWFLMLS,MLS#: 226018566
Originating MLS: Naples
Facts & features
Interior
Features
- Has fireplace: No
Property
Features
- Has view: Yes
- View description: Bay
- Has water view: Yes
- Water view: Bay
- Waterfront features: Bay
- Frontage type: Bay/Harbor
Details
- Parcel number: 16810720001
Utilities & green energy
- Water: Central
- Utilities for property: Other
Community & HOA
Community
- Features: Boating, Non-Gated
- Subdivision: PORT ROYAL
HOA
- Has HOA: No
- Amenities included: None
- HOA fee: $835 annually
Location
- Region: Naples
Financial & listing details
- Tax assessed value: $13,590,720
- Annual tax amount: $123,015
- Date on market: 5/19/2026
- Lease term: Buyer Finance/Cash
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/19/2026 | Listed for sale | $21,000,000+54.1% |
Source: | ||
| 9/12/2025 | Sold | $13,625,000-14.3% |
Source: | ||
| 8/29/2025 | Pending sale | $15,900,000 |
Source: | ||
| 7/25/2025 | Listed for sale | $15,900,000 |
Source: | ||
| 7/24/2025 | Pending sale | $15,900,000 |
Source: | ||
| 7/24/2025 | Listed for sale | $15,900,000 |
Source: | ||
| 7/11/2025 | Pending sale | $15,900,000 |
Source: | ||
| 7/9/2025 | Price change | $15,900,000-9.7% |
Source: | ||
| 11/27/2024 | Listed for sale | $17,600,000 |
Source: | ||
| 11/23/2024 | Pending sale | $17,600,000 |
Source: | ||
| 11/20/2024 | Price change | $17,600,000-20% |
Source: | ||
| 1/17/2024 | Listed for sale | $22,000,000 |
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| 1/17/2024 | Listing removed | -- |
Source: | ||
| 2/24/2023 | Listed for sale | $22,000,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $123,015 -4.5% | $13,590,720 +8.3% |
| 2024 | $128,780 -6.8% | $12,543,743 +9.2% |
| 2023 | $138,198 +9.5% | $11,491,294 +10% |
| 2022 | $126,178 +29.5% | $10,446,631 +10% |
| 2021 | $97,452 +4.7% | $9,496,937 +6% |
| 2020 | $93,092 -10.3% | $8,960,730 +10% |
| 2019 | $103,821 +30.4% | $8,146,118 +10% |
| 2018 | $79,603 | $7,405,562 +10% |
| 2017 | $79,603 +9.4% | $6,732,329 +10% |
| 2016 | $72,763 +14.9% | $6,120,299 +0.8% |
| 2015 | $63,321 -3.2% | $6,073,412 +10% |
| 2014 | $65,392 +12.9% | $5,521,284 +7.1% |
| 2013 | $57,902 +10% | $5,154,467 +10% |
| 2012 | $52,620 +12% | $4,685,879 +10% |
| 2011 | $46,981 -16.6% | $4,259,890 -5.4% |
| 2010 | $56,312 -2% | $4,504,345 -13.2% |
| 2009 | $57,432 | $5,188,237 -8% |
| 2008 | $57,432 -16% | $5,642,011 -6% |
| 2007 | $68,359 +22.4% | $6,003,035 +0.2% |
| 2006 | $55,846 | $5,990,158 +29.6% |
| 2005 | $55,846 +7.1% | $4,623,674 +8.3% |
| 2004 | $52,168 -2.2% | $4,271,000 +0.1% |
| 2003 | $53,337 +0.5% | $4,265,383 +1.8% |
| 2002 | $53,057 -43.2% | $4,188,986 +16.5% |
| 2001 | $93,342 +167.7% | $3,595,200 |
| 2000 | $34,868 | -- |
Find assessor info on the county website





