The priciest home currently for sale in the U.S. is in Naples. A Port Royal waterfront compound hit the market for a record-breaking asking price of $295 million.
If the sellers of the 9-acre lot with three homes on it totaling 22,800 square feet at the tip of a peninsula known as Gordon Pointe receives anywhere close to their asking price, it would shatter the record for the biggest sale in the U.S., The Wall Street Journal reports. Billionaire hedge fund manager Ken Griffin, CEO of Citadel LLC, purchased a penthouse at the 220 Central Park South skyscraper in Manhattan in 2019 to set the record.
This property located at 100 Bay Road, which has 728 feet of beach frontage and 927 feet of bay frontage, features a private 231-foot yacht basin and a 111-foot T-dock.
Late financier John Donahue purchased the then 4.3-acre lot for $1 million in 1985, property records show. He and his wife, the late Rhodora Donahue, who started vacationing in Naples in the 1970s, took the land that had just a fishing cottage surrounded by mangroves on it and built up the property at the end of the road into one with three family residences with a private yacht basin.
Dawn McKenna of Coldwell Banker Realty is the broker for the Donahue compound with Leighton Candler of the Corcoran Group and Rory McMullen of Savills.
John Donahue, who died in 2017, and Rhodora Donahue, who died in 2022, amassed around 60 acres in the area and routinely hosted family gatherings of 100 people or more at the property, according to The Wall Street Journal. The home has hosted former President George H.W. Bush, former First Lady Barbara Bush, former Gov. Jeb Bush and various clergy from the Catholic Church.
Bill Donahue, one of John and Rhodora’s 13 children, told The Wall Street Journal the decision to sell was made by the family office where all of his siblings have seats on the board.
“We’ve all enjoyed it, but it’s more or less time to move on,” Bill Donahue said.
Check back with Gulfshore Business for more on this developing story.