Current:Home > MarketsTradeEdge-Compound for sale in Naples, Florida is reportedly America's most expensive listing: See photos -Visionary Wealth Guides
TradeEdge-Compound for sale in Naples, Florida is reportedly America's most expensive listing: See photos
PredictIQ Quantitative Think Tank Center View
Date:2025-04-10 16:08:56
A compound in Naples,TradeEdge Florida has hit the market for a whopping $295 million, reportedly the most expensive house on the market in America.
The Wall Street Journal first reported that the 9-acre gated compound in the Port Royal neighborhood with three houses and a private yacht-basin would shatter home sale records for the state if the owners get the asking price.
Though Naples Daily News, part of the USA TODAY Network, reported there are other pricy plots for sale in the area that could match it once the ink is dry.
The property known as Gordon Pointe has been growing under the ownership of the John "Jack" F. Donahue, a well-known Naples philanthropist, and his family since the 1980s. It is listed by the Coldwell Banker Realty’s Dawn McKenna Group, in partnership with The Leighton Candler Team of Corcoran and Rory McMullen of Savills.
Nick Saban:See retired Alabama football coach's $17.5 million Florida home
Gordon Pointe: 9 acres, 3 houses, 1 yacht basin
Known as Gordon Pointe, the gated compound stretches a little over 9 acres. It includes about 708 feet of beachfront and Gulf of Mexico views, 952 feet of bay views, an "exclusive and extremely rare" yacht basin, measuring 231 feet, and a T-shaped dock for up to six boats.
There is not just one, but three houses on the property, built over time. There is also the potential to redevelop the site, with a larger family compound, or with a "subdivided community for a lucky few," with at least six houses, according to the selling agents.
Home of Donahue's more than 80 grandchildren
The property is owned by the Donahue family. A well-known Naples philanthropist, John "Jack" F. Donahue made his fortune running Pittsburgh-based Federated Investors, which he co-founded in 1955. He died in 2017, and his wife Rhodora died about five years later, in 2022. High school sweethearts, they started amassing the land in the 1980s, which is now in the hands of their many heirs. They had 13 children, and more than 80 grandchildren.
In 2017, the Donahue family made headlines when they began exploring the sale of 70 acres of beachfront property on Gordon Pointe and nearby Keewaydin Island, sending out a 62-page confidential offering memo to prospects worldwide. The offering was unpriced, and it included only a portion of what the family owned on Gordon Pointe, with Jack and Rhodora still alive and wanting to keep and enjoy two of their residences at the time.
Robert McEwan, one of two CBRE agents marketing that property, said parts of the listing sold for more than $45 million in 2019. Several lots that didn't go the last time around are part of the new offering, he said.
Asked how long he thought it might take to sell the new listing, based on his own experience, McEwan said: "You never know with uber luxury things. A guy can see an article on it and come down and buy it right away."
He commented that he wouldn't be surprised if the eventual sale shatters records in Naples, and elsewhere in the country.
Most expensive listing in lux corner of Naples
Port Royal has long been known as a playground for the rich.
Nearly a year ago, a waterfront estate in the neighborhood came to market for more than $174 million. A price that was unheard of then. It's still for sale.
The beachfront property, overlooking the Gulf of Mexico, is expansive, stretching more than 8.5 acres, making it a rarity, too.
More of a rarity: Neighboring property is up for sale on both sides, with the potential to carve out an even larger one-of-kind estate on Naples' highly coveted Gordon Drive. Combined, they would cost $295 million, for more than 15 acres, with 812 linear feet of beach frontage.
Top selling homes in Florida
The most expensive home sold in the area last year fetched $46.8 million – also in Port Royal. The county record home sale price is $62 million, set in 2022.
On Florida's other coast, a home sold for $173 million in 2022, which Palm Beach Daily News reported is a record high for the state. It was reportedly bought by software billionaire Larry Ellison of Oracle Corp.
A couple of other heavy hitter sales tailed behind it, like the $155 million sale for Rush Limbaugh's compound, and the off-market deal for another Palm Beach County that came in at $170 million around the same time.
Contributing: Kimberly Miller and Darrell Hofheinz, USA TODAY Network
veryGood! (8741)
Related
- B.A. Parker is learning the banjo
- Walmart shooter who injured 4 in Ohio may have been motivated by racial extremism, FBI says
- The Best 91 Black Friday Deals of 2023 From Nordstrom, Walmart, Target and So Much More
- Alt.Latino: Peso Pluma and the rise of regional Mexican music
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- South Korea says Russian support likely enabled North Korea to successfully launch a spy satellite
- Armenia’s leader snubs meeting of Russia-dominated security grouping over a rift with the Kremlin
- 13 Secrets About Mrs. Doubtfire Are on the Way, Dear
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- Cal forward Fardaws Aimaq allegedly called a 'terrorist' by fan before confrontation
Ranking
- Meta releases AI model to enhance Metaverse experience
- Rising 401(k) limits in 2024 spells good news for retirement savers
- How U.S. Unions Took Flight
- Sweet potato memories: love 'em, rely on 'em ... hate 'em
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- Daniel Noboa is sworn in as Ecuador’s president, inheriting the leadership of a country on edge
- Dutch election winner Geert Wilders is an anti-Islam firebrand known as the Dutch Donald Trump
- Judges rule against Tennessee Senate redistricting map over treatment of Nashville seats
Recommendation
B.A. Parker is learning the banjo
North West Slams Mom Kim Kardashian's Dollar Store Met Gala Look
Brazil has recorded its hottest temperature ever, breaking 2005 record
The EU Parliament Calls For Fossil Fuel Phase Out Ahead of COP28
Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
Microsoft hires Sam Altman 3 days after OpenAI fired him as CEO
Bruce Willis' Wife Emma Shares Throwback Blended Family Photo on Thanksgiving 2023
'Not who we are': Gregg Popovich grabs mic, tells Spurs fans to stop booing Kawhi Leonard