06/14/2026
History in the making. 🏛️✨
Naples entrepreneur, developer, and hotelier Phil McCabe has officially become the first individual to close on a private residence at the newly reimagined Naples Beach Club, A Four Seasons Resort.
McCabe initially placed his deposit on January 31, 2021, and officially closed on May 5, 2026, with a purchase price exceeding $20 million, according to MLS statistics.
For decades, McCabe has played a transformative role in downtown Naples, most notably as the longtime visionary behind the revitalization of Fifth Avenue South and the creation of the iconic Inn on Fifth, which he built and operated for more than 25 years. This milestone acquisition underscores his confidence in and commitment to the Naples community.
"This property represents everything I value: history, quality, and a deep connection to the coastal lifestyle," McCabe said. "I'm proud to be the first to close and excited to enjoy this extraordinary community with my family for years to come."
McCabe recently closed a significant chapter by selling his final remaining Fifth Avenue South property in September 2025. He is now partnering with his sons, Philip and Joseph McCabe, to develop The Carnelian, a 70-suite luxury hotel and private members club in the heart of Naples, slated for completion in 2027.
Congratulations to Phil McCabe on this milestone at the Naples Beach Club, A Four Seasons Resort. 🌅⚓️