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

$2,275,000

8720 Bay Colony Dr 104, NAPLES

3 Beds 3 Baths 2,560 SqFt Residential MLS® # 225020664

Premier Sotheby's Int'l Realty

Sold

$1,750,000

↓ $38,950

6573 Marissa Loop 2004, NAPLES

3 Beds 2 Baths 1,787 SqFt Residential MLS® # 225007229

Compass Florida LLC

Sold

$15,995,000

6897 Grenadier Blvd Ph-3, NAPLES

3 Beds 5 Baths 4,431 SqFt Residential MLS® # 225003888

Premier Sotheby's Int'l Realty

Sold

$849,000

6849 Grenadier Blvd 603, NAPLES

2 Beds 2 Baths 1,470 SqFt Residential MLS® # 224090768

John R Wood Properties

Sold

$999,000

6825 Grenadier Blvd 101, NAPLES

3 Beds 3 Baths 2,201 SqFt Residential MLS® # 224021759

William Raveis Real Estate

Sold

$2,200,000

8111 Bay Colony Dr 104, NAPLES

3 Beds 4 Baths 2,626 SqFt Residential MLS® # 224020732

Premiere Plus Realty Company

Sold

$7,200,000

7310 Tilden Ln, NAPLES

6 Beds 10 Baths 10,610 SqFt Residential MLS® # 224012719

Compass Florida LLC

Sold

$5,545,000

8473 Bay Colony Dr 1704, NAPLES

3 Beds 4 Baths 3,325 SqFt Residential MLS® # 223066034

Headwaters Real Estate, Inc

Sold

$11,995,000

355 Colony Dr, NAPLES

5 Beds 7 Baths 6,354 SqFt Residential MLS® # 222079734

Premier Sotheby's Int'l Realty

Pelican Bay Market Report

Pelican Bay - Sold Listings

$2,275,000

8720 Bay Colony Dr 104, NAPLES

$1,750,000

6573 Marissa Loop 2004, NAPLES

$15,995,000

6897 Grenadier Blvd Ph-3, NAPLES

$849,000

6849 Grenadier Blvd 603, NAPLES

$999,000

6825 Grenadier Blvd 101, NAPLES

$2,200,000

8111 Bay Colony Dr 104, NAPLES

$7,200,000

7310 Tilden Ln, NAPLES

$5,545,000

8473 Bay Colony Dr 1704, NAPLES

$11,995,000

355 Colony Dr, NAPLES