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