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The most expensive home for sale in the U.S. goes up for $295 million

10th February, 2024| By Business Desk
US's most expensive home in Florida
US's most expensive home in Florida | Credit: Dawn McKenna Group/Coldwell Banker Realty
  • Gordon Pointe, a nine-acre compound in Naples, Florida, is now the most expensive home for sale in the United States, listed at $295 million.
  • Originally a small fishing cottage, the property was developed by financier John Donahue and his wife, Rhodora, into a private estate spanning 13 children, 84 grandchildren, and 175 great-grandchildren.
  • The estate offers unparalleled luxury with a main house, two guest houses, 1,650 feet of waterfront, a private yacht basin, and a T-shaped dock.
  • The listing agents justify the price based on the property’s size, location in the affluent Port Royal enclave, and unique features that would be difficult to replicate.
  • The sale of Gordon Pointe reflects a trend in ultra-luxury real estate, where properties often require time to find buyers willing to meet their high asking prices, with discreet marketing and private negotiations playing a significant role in some transactions.

The most expensive home for sale in the United States, Gordon Pointe, a sprawling compound in Naples, Florida, has recently been listed for $295 million. This nine-acre estate, situated in the affluent enclave of Port Royal, includes a main house spanning approximately 11,500 square feet with six bedrooms, along with two guest houses each exceeding 5,000 square feet. The total interior living space of the property amounts to 22,800 square feet. Notably, the compound offers 1,650 feet of waterfront, a private yacht basin, and a T-shaped dock.

Originally, the property had more humble beginnings as a small fishing cottage on 4.3 acres of coastal land. The land caught the eye of financier John Donahue and his wife, Rhodora, during a flight over Gordon Pointe in 1985. They purchased the initial plot for $1 million and gradually acquired an additional 55 surrounding acres. Over the years, the Donahues developed the land into a private haven for their extensive family, which included 13 children, 84 grandchildren, and 175 great-grandchildren.

The pièce de résistance of Gordon Pointe is its unique combination of privacy, beachfront access, and potential for significant development. The property boasts 930 feet of frontage on Gordon Pass and Naples Bay, as well as 730 feet on the Gulf side. Its exclusive location in Port Royal adds to its allure, with the neighborhood’s median listing price standing at $24.1 million.

The listing agents for Gordon Pointe emphasize its exceptional value, citing its size, location, and the rarity of its features, such as the private yacht basin. They argue that replicating such a property would be challenging, particularly in the context of Naples’ average home price of $800,000 and the average sale price of $9.1 million in Port Royal.

While the $295 million price tag may seem staggering, it aligns with the trend of ultra-luxury real estate listings in recent years. Other high-profile listings, such as a $250 million penthouse in Manhattan and a $250 million estate in Los Angeles, have similarly sought to surpass previous records. However, these properties have faced challenges in finding buyers willing to meet their initial asking prices.

In the case of Gordon Pointe, the Donahue family’s decision to sell reflects a desire to move on from the estate. Bill Donahue, the son of John and Rhodora, expressed a sentiment of closure, stating, “We’ve all enjoyed it, but it’s more or less time to move on.”

The journey of Gordon Pointe echoes the experiences of other nine-figure listings, which often require considerable time to attract the right buyer. Real estate experts note that whisper listings, characterized by discreet marketing and private negotiations, have played a significant role in some of the highest-priced transactions. Despite fluctuations in asking prices, these properties ultimately find buyers, frequently among the ranks of prominent billionaires seeking exclusive retreats.

In the realm of ultra-luxury real estate, Gordon Pointe stands as a symbol of opulence and exclusivity, representing the pinnacle of residential luxury in the United States. As interest in prestigious properties continues to grow among the world’s elite, the sale of Gordon Pointe will undoubtedly capture the attention of luxury real estate enthusiasts and industry observers alike.