Miami Marlins Owner Lists Naples Penthouse for $18.9 Million: A Look Inside

The owner of the Miami Marlins, Bruce Sherman, has listed his luxurious 12,050-square-foot penthouse in Naples, Florida, for $18.9 million. This expansive condominium residence offers a rare combination of sunrise and sunset views, five bedrooms, and premium amenities, representing a significant opportunity in the Southwest Florida luxury real estate market.

What Are the Key Features of This Luxury Penthouse?

Located on the fourth floor of the exclusive Regent building, this property is one of only five penthouses in the 37-residence complex. The unit's distinctive architecture features curved walls and floor-to-ceiling windows that maximize the panoramic vistas of the water. The interior layout includes five bedrooms, each with water views, a dedicated home office, and a home theater. A unique aspect of the property is a detached guest cottage, which features a master suite and a kitchen, providing privacy for visitors. The main kitchen is designed as a central island with rounded countertops and custom cabinetry.

What Amenities Does The Regent Building Offer?

The condominium (a type of housing where individuals own their unit but share common areas) offers residents a suite of high-end amenities. These include a private, air-conditioned garage with space for three cars, accessible via a private elevator. On the property grounds, residents have access to a swimming pool, an outdoor kitchen, and cabanas. These shared facilities are maintained through monthly homeowners association (HOA) fees, which are common in condominium living and cover the upkeep of common elements.

Who is the Seller and What is the Market Context?

The seller, Bruce Sherman, is a retired investment manager who co-founded Private Capital Management. In 2017, he led the group that purchased the Miami Marlins for $1.2 billion. Based on our experience assessment, the listing price of $18.9 million aligns with the premium for ultra-luxury, direct-waterfront properties in Naples. The Naples real estate market has remained robust, with demand for high-end condominiums with unique architectural features and extensive amenities.

For potential buyers, the key considerations for a property of this caliber include:

• Verify the financial health of the condominium association before purchasing.
• Understand the full scope of the HOA fees and what they cover.
• Work with a real estate agent experienced in high-value, waterfront transactions to navigate the complexities.

This listing is not just a home but a lifestyle investment, offering a turnkey opportunity for luxury living on Florida's Gulf Coast.