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Naples residential compound listed for sale for $295 million

The Port Royal Home could be the most expensive house ever sold in the U.S. according to a national report.


  • By Louis Llovio
  • | 5:00 a.m. February 8, 2024
  • | 2 Free Articles Remaining!
House at 100 Bay Road in Naples is on the market for $295 million.
House at 100 Bay Road in Naples is on the market for $295 million.
Image via Coldwell Banker Realty
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A residential property in Naples hit the market Wednesday priced at a whopping $295 million.

The house — if you can call it that — is part of a 9-acre waterfront compound named Gordon Pointe in the city’s Port Royal neighborhood. Its official address is 100 Bay Road.

According to a listing posted online Wednesday, the 22,800-square foot home has six bedrooms, 20 full bathrooms and four half baths. The listing, though, doesn’t provide a superlative-laden description of the amenities. One has to imagine that with a price tag at more than a quarter of a billion dollars, the kitchen appliances are top of the line.

What it does say is that the home has 1,665 feet of water frontage — 728 feet beachfront and 927 feet bayfront — as well as a 231-foot yacht basin and 111-foot T-dock.

It’s difficult, if not impossible, to put the price point into any sort of context even though multimillion-dollar listings are not uncommon in Port Royal. Just last week, a 13,872-square-foot, two-story home was listed for $45 million. And in March, a house at 1672 Galleon Drive sold for $46.8 million.

While those prices are impressive — eye-popping even — if this home sells at the asking price it would be the most expensive house sold in the United States according to a story posted on the Wall Street Journal’s website Wednesday. That record was previously held by a penthouse at 220 Central Park South in Manhattan. Hedge fund billionaire Ken Griffin bought that in 2019 for $238 million.

And, given the size and location of the property, there is no guarantee the house built in 1989 will remain standing. The listing brokers, Dawn McKenna and Christine Lutz of Coldwell Banker Realty, allude to that fact in the listing, writing that it “could be an ideal private and gated family compound with a few incredible homes or the potential for several special home sites.”

 

author

Louis Llovio

Louis Llovio is the commercial real estate editor at the Business Observer. Before going to work at the Observer, the longtime business writer worked at the Richmond Times-Dispatch, Maryland Daily Record and for the Baltimore Sun Media Group. He lives in Tampa.

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