The Florida compound set to break records

A stunning compound in Naples, Florida, the features three homes has been listed for sale at an astounding US$295 million.

If the property sells at that price, it will smash the current record for the most expensive home sold in the US, which is $240 million for financier Ken Griffin’s Manhattan penthouse. 

According to Architectural Digest, the Naples compound comprises nine acres and was previously owned by financier John Donahue and his wife, Rhodora, with their children now overseeing the sale following their passing. 

Originating from modest beginnings, the property was initially a small fishing cottage situated on 4.3 acres of coastal land. 

Mr Donahue, captivated by the sight of an undeveloped plot during a flight over Gordon Pointe, acquired the land for $1 million in 1985. 

Over the years, the Donahues expanded their holdings, eventually amassing 55 acres to create a sprawling private retreat for their extensive family, which includes 13 children, 84 grandchildren, and 175 great-grandchildren.

The estate’s highlight is a luxurious nine-acre compound featuring three homes and a private yacht basin. 

The price on the Naples, Florida, compound is US$295 million. Photo: Dawn McKenna Group/Coldwell Banker Realty

This listing joins a series of nine-figure properties aiming to break the existing record for the most expensive home, including the penthouse at Central Park Tower, which was listed for $250 million in 2022 but is now asking $195 million.

Listing agents from Coldwell Banker Realty’s Dawn McKenna Group, The Leighton Candler Team of the Corcoran Group, and Savills’ Rory McMullen have justified the property’s price, citing its unique features and the rarity of replicating such an expansive and equipped estate. 

Although the luxury market isn’t as buoyant as it was during the pandemic, Leighton Candler said wealthy buyers were still entering the market. 

“It’s now a wiser buyer in the market, and they’re only buying things that are not replaceable,” she said.

The Naples compound not only boasts significant frontage on both Gordon Pass and Naples Bay but also presents a rare investment opportunity in a market where the average home in Naples is priced at $800,000, with the Donahue’s neighbourhood of Port Royal averaging sales around $9.1 million.

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Kylie Dulhunty

Kylie Dulhunty is the Editor at Elite Agent.

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