DeGroote Family Sells Three Waterfront Properties In Port Royal For $225 Million

Three adjacent waterfront properties located at 2170, 2200 & 2340 Gordon Drive in Naples were sold as part of a sale transaction valued at $225 million. The combined properties span a total of 15.01 acres and feature approximately 800 feet of Gulf frontage.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $225,000,000
• Seller: DeGroote Family
• Broker: Michael McCumber - The McCumber Group - Gulf Coast International Properties

The transaction involved the estate of the late Canadian billionaire Michael DeGroote, linked to the seller's family. The identity of the buyer remains undisclosed, while the deal was facilitated by broker Michael McCumber of Gulf Coast International Properties.