Thursday, February 8, 2024

Naples' Newest Record-Breaking Listing: A Closer Look at the $295 Million Estate

Discover Naples' priciest listing yet! Although not my listing, I'm ready to assist any interested buyers. This remarkable residential property in Naples has just hit the market, boasting a staggering price tag of $295 million.

Nestled within the prestigious Port Royal neighborhood on a sprawling 9-acre waterfront compound known as Gordon Pointe, this property's address is 100 Bay Road.

The estate, spanning 22,800 square feet, features six bedrooms, 20 full bathrooms, and four half baths. 

What the listing does highlight is the property's impressive 1,665 feet of water frontage, comprising 728 feet of beachfront and 927 feet of bayfront, alongside a 231-foot yacht basin and a 111-foot T-dock.

Putting this extraordinary price into context is challenging, even in Port Royal, where multimillion-dollar listings are not uncommon. For instance, just last week, a 13,872-square-foot, two-story home was listed for $45 million, while in March, a house on Galleon Drive sold for $46.8 million.

Should this property sell at its asking price, it would shatter records as the most expensive house ever sold in the United States, surpassing the previous record held by a penthouse at 220 Central Park South in Manhattan, purchased by hedge fund billionaire Ken Griffin for $238 million in 2019.

Given its size and location, the fate of the house, built in 1989, remains uncertain. The listing brokers,  hint at the property's potential for redevelopment, suggesting it could become an exclusive family compound or be subdivided into several luxury home sites.

For more information on homes in Naples, contact Naples Florida top realtor  Mike Shoaff with RE/MAX Hallmark in downtown Naples, Florida.

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