One of the last parcels of land in the heart of Naples has been scooped up by homebuilder London Bay Homes for $34 million. The 55-acre tract adjoins the Naples Grande Golf Club on Golden Gate Parkway between Airport Pulling Road North and Livingston Road. The raw land is part of the Grey Oaks development near downtown Naples. London Bay plans to build 250 homes for more than $300 million according to a statement from the company. Based in Naples, London Bay Homes builds luxury custom homes priced from $1 million to more than $10 million in upscale neighborhoods and communities.
“This transaction represents a significant and exciting opportunity for our company, as this parcel is one of the very last and best large-scale properties in the heart of Naples,” says Mark Wilson, president and CEO of London Bay Homes. “Later this summer, we will announce plans for the project, which will include residences with spectacular lake and golf course views.”
