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

$6,995,000

6955 Verde Way, NAPLES

6 Beds 7 Baths 8,767 SqFt Residential MLS® # 225081119

3 Beds 4 Baths 3,638 SqFt Residential MLS® # 225003897

Douglas Elliman Florida,LLC

Sold

$1,299,000

600 Via Mezner 1502, NAPLES

2 Beds 3 Baths 2,443 SqFt Residential MLS® # 225020299

William Raveis Real Estate

Pelican Bay Market Report

Pelican Bay - Sold Listings

$6,995,000

6955 Verde Way, NAPLES

$795,000

7100 Barrington Cir 101, NAPLES

$750,000

6300 Pelican Bay Blvd A303, NAPLES

$850,000

776 Willowbrook Dr 808, NAPLES

$1,095,000

8448 Abbington Cir 1511, NAPLES

$2,599,999

716 Pitch Apple Ln, NAPLES

$2,100,000

6619 Trident Way, NAPLES

$575,000

6760 Pelican Bay Blvd 332, NAPLES

$825,000

6020 Pelican Bay Blvd E302, NAPLES

$2,750,000

7897 Cocobay Dr, NAPLES

$3,195,000

7091 Verde Way, NAPLES

$1,299,000

600 Via Mezner 1502, NAPLES