Active

10540 GulfShore DR

Naples FL, 34108

$12,000,000


Active

Commercial

Built in 1962

"Kings Crown" by definition is a symbol of power and majesty; a sign of dominance and the right to lead. Kings Crown Condo Motel land use potential 100% lives up to it's name! Located in the Tourist Development District on prestigious Gulf Shore Drive, this multi zoned property is every developer's dream (Multi-family dwellings; Hotel/Motel; Timeshare facilities; Family care facilities). Nestled on Vanderbilt Lagoon with water rights and gulf access (with boat restrictions), this unique gem has it's own PRIVATE BOAT RAMP, (again, one of a kind and reflecting true royal status) along with docks/slips. Another HUGE ASSET is the DEEDED BEACH ACCESS across the street to beautiful Vanderbilt Beach. Enjoy a morning walk north to Wiggins State Park, or south to the Ritz Carlton Hotel. In the evening, just settle in for a magnificent sunset. Location is amazing with many of the top restaurants right on Gulf Shore Drive (The Turtle Club, Buzz Lighthouse, Balleen at La Playa, and Gumbo Limbo at the Ritz). It's a wonderful area for walking, biking, boating and beach activities. Vanderbilt Beach Road and Immokalee Road both lead to US 41, which opens an array of stores, restaurants and services. Mercato is across the street, and downtown Naples is a short drive away. This special parcel of paradise is a once in a lifetime opportunity. Air rights are the icing on the cake. Currently zoned for 7.5 stories, with a variance, there is the potential to go higher! The sky is the limit for some lucky buyer! 2 of the 4 points of "The Royal Crown" are "STYLE" and "SUCCESS". So, come and make this "KING'S CROWN" your reality. Hurry! This window of opportunity won't last long!

225000966

MLS ID

January 3, 2025

Listed

February 21, 2025

Updated

Interior Features

Total Stories

2


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.47 Acres


Architectural Style

Low Rise

Other Property Details

Area Name

NA02 - Vanderbilt Beach Area


Taxes

$1,387


Tax Frequency

Annually


Days on Market

20


Garage

No


View

No


County

Collier


Pool

No


Waterfront

Yes


Waterfront Features

Bay Access, Lagoon, Navigable Water, Seawall


Utilities

Electricity Available, Phone Available, Sewer Available, Trash Collection, Water Available

Listed by Patricia McLaughlin, Phase III Real Estate Services

Listing Contact: 239-595-5276 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Brian K. Rigsby shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 8:39 PM UTC, 2/21/2025

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