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$295 Million Naples, Florida Estate Becomes Most Expensive Home on U.S. Market for Sale

A stunning estate in Naples, Florida has become the most expensive home on the U.S. market for sale, with a listing price of $295 million. Known as Gordon Pointe, this 9-acre compound is located in the affluent enclave of Port Royal on the Gulf Coast. The property features a main house spanning 11,500 square feet with six bedrooms, as well as two guest houses that are each over 5,000 square feet. In total, the estate offers 22,800 square feet of interior living space.

What sets Gordon Pointe apart is not just the size of the homes, but the privacy and rare development potential it offers. The property boasts 1,650 feet of waterfront, a private yacht basin, and a T-shaped dock. According to co-listing agent Leighton Candler of Corcoran, the land has the capacity to accommodate more than 200,000 square feet of residential development. This means that there is potential for up to eight waterfront homes on the property. While it could be divided after purchase, it is more likely that a buyer will maintain it as a private family compound.

The nine-acre estate was originally pieced together by John and Rhodora Donahue starting in 1985. The Donahues continued to acquire more of the peninsula until they owned the entire compound. The result is a secluded and exclusive gated community surrounded by water. The property offers all the benefits of being on an island without feeling isolated.

In terms of pricing, the median listing price in Port Royal is $24.1 million, making Gordon Pointe’s $295 million price tag quite significant. However, the listing agents argue that the price is justified due to the uniqueness and potential of the property. The estate has already drawn significant interest since it went on the market, with eight in-person visits booked by prequalified buyers.

Comparing Gordon Pointe to other high-priced listings in the U.S., the second and third most expensive homes for sale are a penthouse in New York City and a mansion in Los Angeles. The penthouse, located at 217 West 57th Street, was initially listed for $250 million but has since been reduced to $195 million. The mansion in Bel Air, known as Casa Encantada, also had an asking price of $250 million but has not yet found a buyer.

It is worth noting that nine-figure listings can take months or even years to sell, and many of them rely on word-of-mouth marketing rather than public listings or marketing campaigns. Notable billionaires, including Jeff Bezos, Ken Griffin, Larry Ellison, and Marc Andreessen, have been involved in off-market deals for these high-priced properties.

In conclusion, Gordon Pointe in Naples, Florida has become the most expensive home on the U.S. market for sale, with a listing price of $295 million. This 9-acre compound offers privacy, beach frontage, and significant development potential. While its price tag may seem steep, it is not uncommon for properties in this price range to take time to find buyers. With its unique features and potential, Gordon Pointe is sure to attract attention from discerning buyers looking for an exclusive and luxurious estate.

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