James W Bates Closes $16 Million Naples Property Sale

In one of the priciest Olde Naples beachfront property transactions since 1999, the spectacular Casita de la Playa was recently sold for $16 million by Coldwell Banker Residential Real Estate sales associate James W. Bates. Situated on 1.4 acres with 160 feet of prime Gulf frontage, the renovated 1926 estate was personally designed by Addison Mizner, the renowned architect whose unique style transformed the look and feel of South Florida. The designer’s imprint on the home is unmistakable, from the Mediterranean Revival style to the inlaid tile staircase to the blocks embedded with local seashells framing the impressive entrance. A stunning hand-carved marble fountain, 75-foot custom pool and private guest quarters enhance the atmosphere of sumptuous relaxation.

This landmark sale continues a positive trend in Southwest Florida’s luxury real estate market. In fact, Naples is one of the top 10 U.S. cities with the most luxury homes sold for over $1 million, $5 million and $10 million1. And the many buyers eager to find an estate home close to beaches, championship golf courses and world-class culture will be pleased to know that Naples also ranks among the top 10 destinations with the most $1 million-plus properties currently for sale.

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