A 1.32-acre parcel with 130 feet of beach frontage on Naples’ Fifth Avenue South hit the market with a $40 million price tag. Marketed by James Bates and Maggie Ives, of Premier Sotheby’s International Realty’s Fifth Avenue office, the land was formerly part of the L.L. Bean compound. Purchase of the land includes the flexibility to create a single private estate or divide the property into three buildable parcels: 25 Fifth Ave. S., 45 Fifth Ave. S. and 470 Gulf Shore Blvd. S.