Billionaire entrepreneur David Hoffmann pays $85 million for Naples home

The Naples house at 575 Admiralty Parade W. sold for $85 million to local billionaire David Hoffmann.
The Naples house at 575 Admiralty Parade W. sold for $85 million to local billionaire David Hoffmann.
Image courtesy of Gulf Coast International Properties
  • Charlotte–Lee–Collier
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David Hoffmann, whose company in the past year has made headlines for buying dairies in Illinois, ferry companies in Michigan and expanded its newspaper holding, has bought an estate in his adopted hometown of Naples.

 

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