REPORT: PORT ROYAL MOST EXPENSIVE NEIGHBORHOOD IN U.S.
Port Royal in Naples was ranked as the most expensive neighborhood in the country, according to a study published recently in the Robb Report. The median home price was valued at $8.2 million. “The coastal neighborhood has long been a destination for celebrities, C-level executives and just about anyone from any industry with considerable wealth,” the story states. “The median price we determined is really an entry point for a family trying to get into Port Royal. For a four-bedroom, four-bath waterfront home, you’re easily looking at an asking price north of $8.5 million.” By comparison, the second-most expensive area was Silicon Valley, with a median home price of $5.7 million, according to the Robb Report, which published the story in its November issue. The Los Angeles luxury publication compiled median price data from four real estate companies that represent different areas of the industry: The Agency, Redfin, Douglas Elliman and Zillow. Then, prices were compared in the top 15 highest-ranking markets across each list.
Information provided by: Gulfshore Business Weekly Newsletter