Patrick Wilkins Of Re/Max Alliance Group Represents Buyer In Sale Of Waterfront Mansion For $15.15M
1640 Dolphin Court
$15,150,000
$2,330/SF
Building Size
6,500 SF
Asset Type
Single Family
Closing
Feb 2, 2026
AI
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
Naples Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.05%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93