A Posh Port Royal compound in Naples has grabbed national attention as it claims the title of the most expensive home for sale in America. With a price tag of $295 million, this luxurious property has made waves in the real estate market, capturing the interest of both national and local media.
What's for Sale?
Known as Gordon Pointe, this gated compound sprawls across a vast 9-acre estate. It offers an impressive 708 feet of beachfront, breathtaking Gulf of Mexico views, 952 feet of bay views, an exclusive and rare yacht basin measuring 231 feet, and a T-shaped dock that can accommodate up to six boats.
What Else Does it Offer?
The property boasts not just one, but three houses that have been built over time. Additionally, there is great potential for redevelopment, allowing the creation of a larger family compound or a subdivided community with at least six houses, according to the selling agents.
Who Owns the Property?
The property is owned by the Donahue family. John "Jack" F. Donahue, a well-known Naples philanthropist, co-founded Federated Investors in 1955 and amassed the land over several years. After his passing in 2017 and his wife Rhodora's passing in 2022, the property is now in the hands of their many heirs, including 13 children and over 80 grandchildren.
The exclusive listing agents for this prestigious property are Coldwell Banker Realty's Dawn McKenna Group, in partnership with The Leighton Candler Team of Corcoran and Rory McMullen of Savills. Leighton Candler, founder of The Leighton Candler Team, describes Gordon Pointe as the epitome of luxury that offers seclusion, privacy, and waterfront living without isolation.
In 2017, the Donahue family gained attention when they explored the sale of 70 acres of beachfront property on Gordon Pointe and nearby Keewaydin Island. While parts of the listing were sold for more than $45 million in 2019, several lots from the original offering are included in this new listing.
The selling agents and industry experts agree that this property's uniqueness, secluded location at the end of Gordon Drive, and stunning oceanfront views make it one of the top-ranked waterfront properties in the entire state of Florida. They fully expect the property to attract a buyer willing to make history with a record-breaking sale.
Port Royal has long been recognized as a playground for the rich and famous. Nearly a year ago, another waterfront estate in the neighborhood came on the market for over $174 million, setting a new benchmark for luxury home prices. Adjacent properties are also available for purchase, presenting the opportunity to create an even larger estate on coveted Gordon Drive.
The robust demand for waterfront properties, especially in this pristine region, along with the ongoing building boom, has contributed to the high valuation of this estate. Industry professionals are confident that there will always be buyers who appreciate the exclusivity and lifestyle opportunities that this property offers.
Naples, Florida continues to attract wealthy individuals from around the world, and the growing wealth in the area has led to an increase in extravagant property sales. While the home market experienced a slight dip in 2022, 2023 still saw impressive sales, with the highest recorded sale reaching a staggering $46.8 million.
Although Port Royal's current record stands at $62 million, set in 2022, experts predict that this new listing has the potential to shatter records both in Naples and across the country. The allure of this fabulous estate, combined with the booming real estate market, creates an environment where a single buyer's desire can exceed previous expectations.
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