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.

The main property, at 2200 Gordon Drive, sold for $113.17 million according to copies of the deeds in public records. On either side of it, 2340 Gordon Drive sold for $46.91 million and 2170 Gordon Drive sold for $44.91 million.

Combined, they make up 15 acres and have 812 feet of beach frontage.

The properties had been on the market for just shy of two years before being sold. They were marketed individually, though the original listing said that buying the three as one continuous property was an option.

The 2200 Gordon Drive house, which sits in the middle, is an 8,846-square-foot beachfront house sitting on 8.53 acres. It was built in 1986 and has six bedrooms, 13 bathrooms, three half bathrooms and three garages.

The previous owner, according to Collier County property records, was a Naples based company named Westbury Properties. The records show it sold in 1985 for $4.13 million and then was deeded twice, with Westbury being listed as the owner since 1995.

It was originally listed in 2023 for $175 million.

The house at 2340 Gordon Drive, which is on the south side of the three parcels, is a 6,000-square-foot, five-bedroom, three-bathroom home built in 1938 that sits on 3.41 acres.

Property records show it was previously owned by a company based in Bermuda named Jesse’s Good Luck South Limited, which paid $9.02 million Dec. 31, 2002.

It was originally listed for $59.9 million.

As for the 3.07-acre property at 2170 Gordon Drive, is a 3,518-square-foot home built in 1996. It too was owned by a company out of Bermuda — Megan Park Limited — that bought it on Dec. 31, 2002 for $9.03 million.

It was originally listed for $60.3 million.

Naples remains one of the most expensive housing markets in the country with, as of April 29, 206 homes priced at more than $10 million on realtor.com.

Michael McCumber of The McCumber Group at Gulf Coast International Properties brokered the sale.