Naples residential property sells for record $225 million

A trio of Naples residential beachfront properties have sold for an eye popping, even by that city’s standards, $225 million.

The three waterfront residential properties all adjoin one another in Naples’ Port Royal neighborhood and were sold to a trust named 2200 Gordon Land Trust last week.

The sale is the largest residential transaction in Florida’s history — according to realtor.com — and one of the largest residential transactions ever in the U.S., trailing, but not by much, the 2019 $238 million sale of a penthouse at 220 Central Park South in Manhattan.