Commercial Real Estate on Marco Island

One of Marco Island’s most prominent shopping centers, Island Plaza, officially changed hands in a $26.6 million deal, becoming one of Collier County’s largest retail property transactions this year. Located at 3058-3078 Bald Eagle Drive, at the busy intersection with Collier Boulevard, Island Plaza is home to a vibrant mix of national and local businesses, including Bealls Outlet, CVS Pharmacy, Quest Diagnostics, T-Mobile, Jetset Surf Shop, Pinch-A-Penny Pool Patio Spa, Modern Nails, and Davide Italian Café & Deli.

What sets this sale apart is the local connection of the new owners. Luigi Carvelli, whose family owns popular Marco Island restaurants such as Snook Inn, DaVinci’s, Marco Prime Steak & Seafood, and The Oyster Society, is listed as an authorized agent for Island Plaza 2025 LLC. While details about the ultimate ownership remain private, this represents a shift from the usual pattern of local properties being sold to national investors. The previous owner, Island Plaza Investments LLC, chaired and managed by Konya Shuh—the daughter of billionaire Diane Hendricks and star of the reality show “Betting on Beloit”—bought the plaza in 2013 for $12.5 million and completed extensive renovations in 2018, transforming the property with a modern two-story design and elevator access.

The 70,823-square-foot retail and office center was sold off-market through KOVA Commercial Group, with brokers Cody Shadley and Bryan Flores managing the deal. They emphasized that current tenants and leases will remain unaffected, and it will be business as usual under the new ownership. Shadley highlighted that the property presented a strong investment opportunity, offering both stability and potential growth in Marco Island’s competitive commercial real estate market. Flores noted that staying closely engaged with the leasing process allowed them to strategically time the sale to align with the seller’s objectives while positioning the new owners for long-term success.

This high-profile sale highlights the continued growth and investment appeal of Marco Island’s commercial real estate market. For shoppers and local business patrons, Island Plaza remains a bustling hub of serv

Nancy

As a resident of Marco Island for over 30 years with an entrepreneurial background as a small business owner and years of experience in real estate, Nancy has earned the reputation as a trusted advisor to clients throughout the waterfront communities of Marco Island and Naples. Nancy elected to join Royal Shell Real Estate to provide a more personalized approach to marketing and serving the needs of her clients. Nancy has earned a reputation of professionalism and has represented clients in the purchase and sale of condominiums, new construction, land, commercial properties and investment opportunities. Nancy has extensive knowledge of the construction process as well as personal and professional experience in remodeling which provides her with the unique ability to identify real estate opportunities and advise her clients on how to create and maximize the investment potential. Her dedication to exceeding her clients expectations has allowed Nancy to achieve an exceptional sales record and has earned her extensive repeat and referral business