Is Pelican Bay a buyer’s or a seller’s market?

It depends on what you are buying. Across Pelican Bay there are about four months of supply, which is balanced to slightly favorable for sellers, and the median sale over the twelve months to September 30, 2026 closed at 91% of its original asking price. Villas are the tightest segment, at about two and a half months of supply, while the Gulf-view towers carry five and a half months and single-family homes closed at 82% of their original price, giving buyers the most room there.

What is the median price in Pelican Bay?

Across the 304 sales outside Bay Colony closed between October 1, 2025 and September 30, 2026, the median was $1,337,500 at $665 per square foot. By segment: Gulf-view towers $1.85 million, garden condominiums $875,000, villas $2 million and single-family homes $2.68 million. Bay Colony has its own market report.

Are Pelican Bay prices falling?

Not across the board. Villas rose from $769 to $871 per square foot over the year, about 13%. The Gulf-view towers eased from $826 to $804 and garden condominiums from $568 to $516, and single-family homes fell from $1,066 to $960, though much of that reflects which homes sold: eleven of this year’s 23 home sales were in Oakmont, and the homes that sold were smaller. Sales volume rose 24%, so demand is firm; pricing depends on the segment.

How much below asking do Pelican Bay residences sell for?

The median sale over the twelve months to September 30, 2026 closed at 91% of its original asking price and 95% of its final one. Villas and garden condominiums were firmest, at 93% and 92% of the original price, and single-family homes softest at 82%.

How often is this report updated?

Every month, with the month just closed. This edition covers closed sales through September 30, 2026 and inventory as of October 1, 2026, from the Naples Area Board of REALTORS® MLS.

Can I get figures for a specific building or for prior months?

Yes. We hold the full sales history by building and can prepare a report for any tower, condominium community, villa enclave or home in Pelican Bay, including months earlier than this edition. Call (239) 438-1102 and tell us what you need.

Pelican Bay Market Report

Sold

$2,700,000

7117 Pelican Bay Blvd 701, NAPLES

3 Beds 3 Baths 2,500 SqFt Residential MLS® # 226010572

William Raveis Real Estate

Sold

$1,295,000

6849 Grenadier Blvd 1803, NAPLES

2 Beds 2 Baths 1,559 SqFt Residential MLS® # 225082152

John R Wood Properties

Sold

$1,490,000

6151 Pelican Bay Blvd 27, NAPLES

3 Beds 2 Baths 1,727 SqFt Residential MLS® # 226027877

ERA Naples Realty Services

Sold

$720,000

6000 Pelican Bay Blvd 904, NAPLES

2 Beds 2 Baths 1,600 SqFt Residential MLS® # 2026031517

RE/MAX Realty Team

Sold

$675,000

8365 Excalibur Cir K4, NAPLES

2 Beds 2 Baths 1,382 SqFt Residential MLS® # 226012498

William Raveis Real Estate

Sold

$825,000

7066 Barrington Cir 201, NAPLES

3 Beds 2 Baths 1,663 SqFt Residential MLS® # 225056766

Dalton Wade, Inc.

Sold

$990,000

5501 Heron Point Dr 503, NAPLES

2 Beds 2 Baths 1,275 SqFt Residential MLS® # 226025586

John R Wood Properties

Sold

$1,595,000

8440 Abbington Cir D25, NAPLES

2 Beds 3 Baths 2,160 SqFt Residential MLS® # 226024217

Downing Frye Realty Inc.

Sold

$899,000

797 Willowbrook Dr 203, NAPLES

2 Beds 2 Baths 1,701 SqFt Residential MLS® # 226004132

William Raveis Real Estate

Sold

$3,499,000

5949 Chanteclair Dr 8, NAPLES

4 Beds 5 Baths 3,491 SqFt Residential MLS® # 226011567

Premier Sotheby's Int'l Realty

Sold

$1,800,000

5555 Heron Point Dr 2101, NAPLES

2 Beds 3 Baths 2,454 SqFt Residential MLS® # 225075625

John R Wood Properties

Sold

$1,425,000

5929 Chanteclair Dr 8, NAPLES

3 Beds 3 Baths 1,937 SqFt Residential MLS® # 225037819

Premier Sotheby's Int'l Realty

Pelican Bay Market Report

Pelican Bay - Sold Listings

$2,700,000

7117 Pelican Bay Blvd 701, NAPLES

$1,295,000

6849 Grenadier Blvd 1803, NAPLES

$1,490,000

6151 Pelican Bay Blvd 27, NAPLES

$720,000

6000 Pelican Bay Blvd 904, NAPLES

$675,000

8365 Excalibur Cir K4, NAPLES

$825,000

7066 Barrington Cir 201, NAPLES

$990,000

5501 Heron Point Dr 503, NAPLES

$1,595,000

8440 Abbington Cir D25, NAPLES

$899,000

797 Willowbrook Dr 203, NAPLES

$3,499,000

5949 Chanteclair Dr 8, NAPLES

$1,800,000

5555 Heron Point Dr 2101, NAPLES

$1,425,000

5929 Chanteclair Dr 8, NAPLES