Mansion La Palma at Bay Colony
Bay Colony's only mid-rise condominium: a 7-story, 26-residence open-air atrium building completed in 1996, adjacent to Villa La Palma.
This overview summarizes verified facts and, where validated, market indicators for Mansion La Palma. The building analysis is summarized below.
| Type | Mid-rise condominium |
|---|---|
| Address | 8720 La Palma Lane, Naples, FL 34108 |
| Year built | 1996 |
| Residences | 26 |
| Floors | 7 |
| Typical living area | approx. 2,110–2,560 sq ft |
Facts compiled from public records, association materials and listing data. Verify in the association documents before relying on any figure.
Market indicators
Data through October 1, 2026 · closed sales only · † Fewer than five closed sales in the 24-month window; one sale can move the median. Read it as a reference point. · Methodology
45 closed sales since 1999. Over the trailing 24 months: median $902/SF on 2 sales. Closings averaged about 88% of final list and 83% of original list price. Median 267 cumulative days on market. 1 listing ended without a sale in the past 36 months, against 2 closings. Measured floor premium of about $45/SF per floor (~8.9%). Long-run $/SF trend of roughly 2.7% per year since 1999.
Data through October 1, 2026. Trailing windows end on the data date and use closed sales only. Typical residences: living area <= 1.5x building median. Months of supply = active listings / (prior-12-month sales / 12). Days on market is the median cumulative days on market (CDOM), which carries across relistings. Floor premium from OLS regression of $/SF on sale date, floor and living area, published only when positive and statistically distinguishable. Annual medians in years with one or two sales are noisy.
Mansion La Palma: median price per square foot by year
Mansion La Palma, annual median closed-sale $/SF, 1999–2026 (45 closed sales analyzed; years with one or two sales are noisy; years with no sales are skipped). Dashed line: log-linear trend, ≈2.7%/yr. Data through October 1, 2026. Not an appraisal.
Show the data behind this chart
| Year | Median $/SF | Sales |
|---|---|---|
| 1999 | $254 | 1 |
| 2000 | $316 | 1 |
| 2001 | $337 | 1 |
| 2004 | $445 | 5 |
| 2005 | $474 | 5 |
| 2006 | $451 | 2 |
| 2007 | $428 | 2 |
| 2008 | $457 | 2 |
| 2009 | $474 | 1 |
| 2011 | $386 | 1 |
| 2014 | $444 | 2 |
| 2015 | $577 | 6 |
| 2016 | $344 | 1 |
| 2017 | $484 | 2 |
| 2020 | $474 | 4 |
| 2021 | $830 | 1 |
| 2022 | $1,185 | 1 |
| 2025 | $1,062 | 1 |
| 2026 | $742 | 1 |
What buyers and owners should know about Mansion La Palma
- A different product: Bay Colony’s only mid-rise — seven stories and 26 residences around an open-air atrium — attracts a different buyer from the towers.
- Very thin recent record: two closings in 24 months (median $902/SF), so the building median is a reference point only; price from residence-specific features and the longer history.
- Upper floors carry a large premium: about $45/SF per floor (~9%) across 40 mostly older sales — large for a seven-story building, so treat it as directional.
- Due diligence: completed in 1996; Florida’s condominium safety laws enacted after 2021 apply to buildings of this height, so request the milestone inspection report and reserve study.
Derived from the sourced facts above and validated sales data. Verify in the association documents before relying on any item.
Galen Gonzalez, REALTOR®
Galen Gonzalez provides data-driven buyer and seller representation across Bay Colony, Pelican Bay, and Naples beachfront condominiums. His research combines building-level sales history, current market conditions, and residence-specific positioning.
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