- December 13, 2025
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BUYER: Mercato Residences LLC (principal: Howard Gutman), Naples
SELLER: The Residences at Mercato Inc.
PROPERTY: 9255 Mercato Way, Naples
PRICE: $13.5 million
LAW FIRM ON DEED: Coleman Yovanovich & Koester PA, Naples
PLANS, DESCRIPTION:
The Lutgert Cos. purchased 11.25 acres of vacant residential land in North Naples for $13.5 million.
The price equated to $1.2 million per acre.
