John Glen Sample set the scene for his visionary residential enclave in 1938 when he purchased two square miles of savage, mosquito-menaced swampland just south of the cluster of cottages that comprised downtown Naples. He titled it Port Royal and deemed it to be a new haven for the elite - a place unencumbered by the past. Over the next twenty years, he personally directed much of the development of this project by proposing rigorous building codes, intelligent regulations and interviewing many of the potential residents. By 1959, Port Royal was fairly well-established and seemed to be following his carefully-crafted script.
But this was only a dress rehearsal. Over the ensuing fifty years, Port Royal has burgeoned into one of the most elegant and sumptuous residential neighborhoods in America. The market has responded well to this expansion and Port Royal has consistently outperformed its other local, luxury-community competitors. For example, the average sales price for 2018 is up 17.38% thus far, in keeping with the 86.73% increase in average sales price since 2008. Furthermore, the number of transactions over the last 12 months was 25, compared to a current supply of 53, indicating 2.12 years of inventory. This figure is weighed down by the relative and typical illiquidity of properties over $20m, but as a whole, reflects a hardy ultra-luxury market.