- December 17, 2025
Though some real estate markets may be impacted by the current economy, Coastal Gateway real estate specialist Krista Libby said sales in The Hammock’s luxury market have not really been affected.
“The luxury market, there's only so much ocean-front [property] and so much location close to the beach,” she said. “I think that's what really people are wanting, is the proximity and, in a gated community, this is what's going to sell top dollar.”
Libby would know: Coastal Gateway primarily sells luxury homes in The Hammock, and Libby recently sold a home at 6 Cordoba Court for $3.3 million. The price for the sale is unusual considering the lot itself – which has ocean views from its second floor – is an interior home in Hammock Dunes and doesn’t sit directly on the ocean.
Despite not being directly on the ocean, it is still a five-star lot, she said, with golf-course and lake views as well. The home sits on almost a three-quarter acre lot and has a long, private driveway. The 1997 home has two stories, four beds and five baths, a pool and 5,212 square feet.
There are a lot of factors that draw people to The Hammock and can impact how much a home sells for. Not only is ocean-front property in demand, Libby said, but name recognition like the future Ritz-Carlton condos are driving buyers to the area. Coastal Gateway is the exclusive sales and marketing company for the Ritz-Carlton condos.
But what really set the price were the previous homeowner’s renovations: they put $1 million into just the pool and landscaping, Libby said, before they even touched the inside of the house. The inside was stripped to the studs, too, she said.
“It was probably the nicest remodel home that I've ever seen,” she said. “The people that remodeled it, it was done like a brand new home.”
Libby said the renovations made all the difference in price. She’d recently sold a neighboring home on a slightly smaller lot for just over $1 million.
Many homes in The Hammock are older, she said, and to get the top dollar price point certain renovations need to be done, especially being closer to the beach.
“We're going to need to start seeing renovations for people to get top dollar,” she said.
Libby said Coastal Gateway is the number one luxury brokerage in the county and has an average selling price of $761,000. Year-to-date, she said, their office has sold, in all, $213 million in volume.
