The Big Price Drop At Aria At Park Shore

by Deidre Woollard (RSS feed)
Dec 26th 2008 at 6:02PM

Condos prices in Florida have been falling for the last few years but the luxurious area of Park Shore beach in Naples has been one spot that hasn't been as deeply discounted. Now that's changing as multimillion dollar condos like the Aria on Park Shore are selling for hundreds of thousands of dollars less than their listing prices. The Naples Daily News reports that the overall median sales price in the Naples area has declined 25 percent this year but most of that activity has been taking place on the lower end of the market. It's only been recently that the luxury condos have been seeing the big price reductions. Aria is the final high rise for The Lutgert Cos. on Park Shore beach off Gulf Shore Boulevard and is an 18-story tower with 65 units. Aria includes 13 penthouses. Every condo offers views of the Gulf of Mexico and Venetian Bay. As far as Florida real estate goes, Naples is a pretty good place to go bargain hunting because it is an established area with a history of high real estate prices.

Tags: aria, condominiums, florida, naples