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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
    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.
    56 days
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    297
    |
    8
    |

    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#: 226018566MLS LogoOriginating 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

        DateEventPrice
        5/19/2026Listed for sale$21,000,000+54.1%
        Source: SWFLMLS #226018566 Report a problem
        9/12/2025Sold$13,625,000-14.3%
        Source: SWFLMLS #224005128 Report a problem
        8/29/2025Pending sale$15,900,000
        Source: SWFLMLS #224005128 Report a problem
        7/25/2025Listed for sale$15,900,000
        Source: William Raveis Real Estate, Mortgage & Insurance #224005128 Report a problem
        7/24/2025Pending sale$15,900,000
        Source: William Raveis Real Estate, Mortgage & Insurance #224005128 Report a problem
        7/24/2025Listed for sale$15,900,000
        Source: SWFLMLS #224005128 Report a problem
        7/11/2025Pending sale$15,900,000
        Source: SWFLMLS #224005128 Report a problem
        7/9/2025Price change$15,900,000-9.7%
        Source: SWFLMLS #224005128 Report a problem
        11/27/2024Listed for sale$17,600,000
        Source: SWFLMLS #224005128 Report a problem
        11/23/2024Pending sale$17,600,000
        Source: SWFLMLS #224005128 Report a problem
        11/20/2024Price change$17,600,000-20%
        Source: SWFLMLS #224005128 Report a problem
        1/17/2024Listed for sale$22,000,000
        Source: SWFLMLS #224005128 Report a problem
        1/17/2024Listing removed--
        Source: SWFLMLS #223005943 Report a problem
        2/24/2023Listed for sale$22,000,000
        Source: SWFLMLS #223005943 Report a problem

        Public tax history

        YearProperty taxesTax 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

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Port Royal

        Getting around

        4 / 100
        Car-Dependent
        28 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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