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Olana Naples Market Report | Ultra-Luxury Beachfront

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Olana Naples Market Report

1121 Gulf Shore Boulevard North • 12 Ultra-Luxury Beachfront Residences • Villas • Estates • Penthouses

The Olana Naples Market Report tracks an exceptionally small ultra-luxury beachfront market at 1121 Gulf Shore Boulevard North in Coquina Sands. With only 12 planned residences and substantially different Beachfront Villa, Estate and Penthouse categories, one building-wide average should never be used as the primary valuation method.

12 Residences Ultra-Low Density
Direct Gulf Beachfront Position
North & South Distinct Residence Positions
New Construction Initial Sales Cycle

How to Read the Olana Market Report

Olana remains in its new-construction sales cycle, so active developer inventory currently provides more information about available choices than a mature resale history would.

Use the live RealGeeks data below for current availability and pricing, but identify the exact residence category and north or south position behind each listing before comparing price per square foot.

Recommended Olana valuation sequence: Beachfront Villa, Estate or Penthouse → north or south position → floor → interior living area → Gulf exposure → terrace configuration → private wellness and specialty spaces → garage rights → customization → construction and closing status → association expenses → competing developer inventory → future same-building resale evidence.

Three Distinct Olana Market Segments

Beachfront Villas Lower-level estate residences with an especially close relationship to the Gulf, gardens and private outdoor environment.
Estate Residences Nearly 10,000-square-foot luxury homes with north or south orientations, substantial terraces and estate-scale interiors.
Penthouses The highest-elevation and scarcest Olana residences, requiring a separate comparison from Villas and Estates.

North vs. South Residence Position

Olana is organized around north and south residence positions. Orientation affects natural light, Gulf perspective, terrace relationship and interior configuration, so North and South should be compared separately before expanding the analysis.

A similar interior area does not make two Olana residences interchangeable when position, floor or residence category differs.

Interior Area vs. Total Area

Olana residences approach approximately 10,000 square feet under air, but the exact interior area varies by plan. Terrace and other exterior areas should be evaluated separately rather than combined with air-conditioned living area when calculating price per square foot.

Direct Gulf-Front Exposure

Every Olana residence benefits from the project's direct beachfront setting, but the actual Gulf experience can still vary by floor, north or south position and terrace configuration.

Compare the view from the great room, primary suite and principal outdoor living areas rather than relying solely on the broad description “Gulf front.”

Terraces & Outdoor Living

Olana's terraces function more like private outdoor rooms than conventional condominium balconies. Buyers should compare total usable area, covered and uncovered space, Gulf orientation, privacy, outdoor kitchen configuration and relationship to interior living spaces.

Private Wellness & Specialty Spaces

Olana's in-residence wellness, fitness, theater and entertainment spaces distinguish it from conventional beachfront condominium inventory. These areas should be evaluated as part of the final completed residence rather than assumed from an early published plan.

Buyer customization can alter bedroom use, specialty rooms, cabinetry, technology and finish specifications, making completed-condition comparisons increasingly important once resales begin.

Three- & Four-Car Garage Rights

Garage capacity is unusually important at Olana because these residences compete with major Naples estate homes as much as they compete with traditional condominiums.

Verify the exact enclosed parking rights, vehicle capacity, EV charging, storage and ownership documentation associated with each residence.

Developer Inventory vs. Future Resales

A future Olana resale may compete directly with remaining developer inventory. Sellers should therefore compare the purchaser's complete alternative cost, including upgrades, deposits, construction timing, finish packages and closing requirements.

Once closed resale transactions begin accumulating, same-category Olana sales should receive the greatest valuation weight.

Association, Insurance & Construction Due Diligence

New construction changes the due-diligence emphasis but does not eliminate it. Buyers should review current developer disclosures and final condominium documents together with the specific purchase agreement.

  • Final residence plans and specifications
  • Construction and completion timing
  • Developer warranties
  • Initial association budget
  • Reserve assumptions
  • Master insurance and deductibles
  • Window, door and terrace responsibilities
  • Concierge and staffing costs
  • Association-turnover provisions
  • Garage and storage rights

Using Price Per Square Foot

Price per square foot should be used only after separating Villas, Estates and Penthouses and accounting for north or south position. With only 12 residences, a single penthouse or Beachfront Villa can materially move the building-wide average.

The individual listings and eventual same-plan closed transactions will therefore be more useful than one combined Olana average.

Compare Naples Ultra-Luxury New Construction

Buying an Olana Residence

Buyers should first choose between Beachfront Villa, Estate and Penthouse categories, then compare north or south position, floor, interior area, Gulf view, terraces, garage rights, customization, service costs and construction timing.

Secondary comparisons should focus on Naples' newest estate-scale Gulf-front properties rather than conventional beachfront condominium averages.

Selling a Future Olana Resale

Future sellers should establish the residence category, north or south position, floor, living area, terrace, garage rights and permanent Gulf characteristics before valuing interior finishes and customization.

Remaining developer inventory and the closest Rosewood, Naples Beach Club and other ultra-luxury Gulf-front alternatives should then be considered when positioning the property.

Olana Property-Specific Market Analysis

Schulz Realty can help buyers and sellers compare Olana residences by Villa, Estate or Penthouse category, north or south position, floor, Gulf exposure, terraces, garage rights, customization, construction status, association obligations, developer inventory and the most relevant ultra-luxury Naples comparable properties.

Contact Schulz Realty for Listings & Private Tours

Olana Naples construction schedules, completion dates, residence counts, floor plans, air-conditioned and total areas, bedroom and bathroom configurations, Gulf views, terrace dimensions, garage and storage rights, developer inventory, specifications, finishes, wellness features, concierge services, association fees, reserves, insurance, deductibles, warranties, rental provisions, pet policies and individual residence features may change during construction and association turnover. Buyers and sellers should independently verify material information through current MLS records, developer disclosures, purchase agreements, final condominium documents, association budgets, warranties, insurance records, inspections, title work and appropriate qualified professionals.

Current Olana Naples Listings & Market Activity

Review the live RealGeeks market data below for current Olana Naples inventory and future closed sales. Because Olana contains only 12 residences, identify whether each property is a Beachfront Villa, Estate or Penthouse and whether it occupies the north or south position before applying any average asking price, sold price, price per square foot or days-on-market statistic to another residence.

Active Properties
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
1121 GULF SHORE BLVD N Unit 6N 5 8.5 10,040 $37,000,000 $3,685 304 days
1121 GULF SHORE BLVD N Unit 2S 4 6.5 9,396 $35,000,000 $3,724 304 days
1121 GULF SHORE BLVD N Unit 3N 5 8.5 10,040 $29,950,000 $2,983 304 days
Average: 4.7 7.8 9,825 $33,983,333 $3,464 304 days
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Viewing 1 - 3 of 3

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program (BR Program) of M.L.S. of Naples, Inc. Properties listed with brokerage firms other than this company are marked with the BR Program Icon or the BR House Icon and detailed information about them includes the name of the listing brokers. The properties displayed may not be all the properties available through the BR Program. The information provided is for consumers’ personal, non-commercial use and may not be used for any other purpose.