Campbell & Prebish closes $36 million Port Royal estate as Naples luxury sales surge

Campbell & Prebish at William Raveis Real Estate closed a $36 million custom waterfront estate in Port Royal, underscoring sustained demand in Naples’ top coastal market. The deal comes as the team reports about $215 million in sales over three months, much of it concentrated in Port Royal ahead of the Port Royal Club’s reopening.

Why it matters: - Port Royal remains one of Southwest Florida’s most competitive luxury markets, with scarce inventory and strong buyer demand. - The $36 million closing signals that high-end buyers are still moving quickly even in midsummer. - The pending opening of the new Port Royal Club is adding urgency to the neighborhood market.

What happened: - Richard Prebish of Campbell & Prebish at William Raveis Real Estate closed a $36 million sale for a custom waterfront estate in Port Royal. - The estate was developed by London Bay Homes. - The closing comes amid a broader summer sales surge in Naples’ premier waterfront enclave.

The details: - The residence spans 9,059 square feet of living space. - Stofft Cooney Architects designed the contemporary coastal home. - Romanza Interior Design fully furnished the interiors. - The home includes a formal dining room, wine bar, club room, dual studies, chef’s kitchen and full-service prep kitchen. - Expansive glass walls open to a custom 63-foot pool and spa, outdoor fireplace, fully equipped alfresco kitchen and native landscaping. - Second-level features include a VIP suite, exercise studio, upper-level lounge with balcony access, elevator access and a full-home generator. - Toby Cloutier, director of business development for London Bay Homes, said the transaction shows continued demand for premier residences in Naples. - Prebish said he and partner Tom Campbell closed about $215 million in sales since mid-June over three months. - Prebish said nearly all of that volume, except one Old Naples transaction, came from Port Royal. - Prebish said he and Campbell were involved in seven transactions above $15 million in the past three months, including three above $35 million. - The new Port Royal Club is set to begin the first phase of its opening on Oct. 17. - The new clubhouse is expected to span about 62,000 square feet. - Planned club features include West Indies-inspired architecture, indoor and outdoor dining with Gulf views, a Sunset Bar, casual and à la carte dining, an after-dinner lounge, a piano bar and a celebration ballroom. - The beachfront amenities will be paired with spa, fitness and tennis facilities across Gordon Drive.

Between the lines: - The combination of limited inventory and a high-profile club reopening is creating a short-term rush among luxury buyers. - Prebish said buyer interest has felt as intense as the pandemic-era market at times. - The club’s role as a longtime social hub appears to be amplifying the emotional appeal of the neighborhood, not just the physical amenities.

What's next: - Buyers are likely to keep moving ahead of the fall market as the Port Royal Club opening approaches. - The first phase of the club’s reopening on Oct. 17 could sharpen competition for remaining waterfront properties. - Continued sales activity in Port Royal will show whether summer momentum extends into the fall.

The bottom line: - Port Royal’s luxury market is still drawing ultra-high-end buyers, and the club reopening is giving that demand another push.

More information: Campbell & Prebish

More information: London Bay Homes