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Patrick Wilkins Of Re/Max Alliance Group Represents Buyer In Sale Of Waterfront Mansion For $15.15M

Property Image
SOLD
$15,150,000
Patrick Wilkins
Dawn McKenna

Florida

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Single Family6,500 SF
Sold 02/02/2026
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Property Image
SOLD

Patrick Wilkins Of Re/Max Alliance Group Represents Buyer In Sale Of Waterfront Mansion For $15.15M

1640 Dolphin Court

See Similar Deals
Single Family6,500 SF
Sold 02/02/2026
Patrick Wilkins
Dawn McKenna
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$2,330
Total Square Footage:6,500 SF
Transaction Type:Sale

A waterfront mansion located at 1640 Dolphin Court in Naples, Florida, has been sold for $15,150,000. The single-family home, situated on 0.42 acres, features a spacious 6,500 square feet of living space. The price per square foot is $2,331. The property was originally listed for $17,000,000 and sold for approximately 89% of that asking price.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $15,150,000
  • Address: 1640 Dolphin Court
  • Market: Naples
  • ACRES: 0.42
  • SF: 6,500
  • PPSF: $2,331
  • Buyer's Representative: Patrick Wilkins - Re/Max Alliance Group
  • Seller's Representative: Dawn McKenna - Coldwell Banker

The transaction represents the first sale of three high-end properties developed by Dick Portillo and C&E Construction partners. The remaining two properties are currently listed at reduced prices.

Players

Dawn McKenna
Coldwell Banker
Dawn McKenna
14 deals$76.3M volume
BROKER
Patrick Wilkins
Re/Max
Patrick Wilkins
2 deals$30M volume
BROKER

Details

SOLD
IMAGE: Patrick Wilkins & Dawn McKenna DATE: 02/02/2026 ADDRESS: 1640 Dolphin Court MARKET: Naples ASSET TYPE: Single Family ~ ACRES: 0.42 BUYER'S REP: Patrick Wilkins - Re/Max Alliance Group SELLER'S REP: Dawn McKenna (@TheDawnMckennaGroup) - Coldwell Banker (@ColdwellBanker) SALE PRICE: $15,150,000 SF: 6,500 ~ PPSF: $2,331 NOTE: A waterfront mansion on Dolphin Court in Naples, Fla., developed by Dick Portillo and C&E Construction partners, sold for over $15.1M, about 89% of its original $17M ask. The five-bedroom home is the first of three high-end properties from the team to sell, with the other two now listed at reduced prices.

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Deal Type
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Net Operating Income (NOI)

$808,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$53,824.74
Cash-on-Cash Return-1.27%
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