Pair of multimillion Naples sales buck housing slowdown narrative

The two residential properties, both in the Port Royal neighborhood, show luxury properties are still doing well.

  • By Louis Llovio
  • | 5:00 a.m. May 7, 2025
  • | 0 Free Articles Remaining!
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
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While the housing market, by many measurable standards, continues to struggle, two residential deals late last month in Naples bucked the trends.

In a big way.

 

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