This Record-Breaking $295M Florida Beachfront Compound is The Most Expensive Property for Sale in the US

A highly exclusive family compound in Naples, Florida, has been listed for sale at an astounding price tag of $295 million, potentially setting a record for the most expensive residential sale in the United States.The property, which belonged to the family of the late investing magnate John Donahue, comprises three waterfront houses spread across nearly 9 acres of land. Notably, it includes a private 231-foot basin designed to accommodate yachts, adding to its luxurious appeal.

History and Expansion

Originally, the compound had modest beginnings as Donahue purchased a 4.3-acre parcel in 1985 for $1 million. Over the years, the family expanded their holdings to approximately 60 acres, transforming the estate into a significant property in the upscale Port Royal neighborhood of Naples. John Donahue, a co-founder of what is now Federated Hermes, a prominent investment firm managing over $668.9 billion in assets, and his wife Rhodora, made the Naples estate their primary residence around 1990. The property served as a cherished family retreat for their large family, consisting of 13 children, 84 grandchildren, and more than 175 great-grandchildren.

Listing Details

The Donahue family intends to sell the property as a compound rather than dividing it. This decision aligns with their desire to preserve the estate's legacy and maintain its integrity.

Comparison to Previous Record

Should the property sell anywhere close to its asking price, it would surpass the previous record for the most expensive residential sale in the US, set at $240 million in 2019 for an apartment in New York City's Central Park area, purchased by hedge-fund CEO Ken Griffin.

Listing Agents

The property is represented by Dawn McKenna of Coldwell Banker Realty, in collaboration with Leighton Candler of the Corcoran Group and Rory McMullen of Savills, underscoring its prestige and exclusivity. The listing presents an unparalleled opportunity to acquire a remarkable piece of real estate with a rich history and extraordinary amenities, situated in one of Florida's most coveted locations. Interested parties are invited to explore this extraordinary property.