- April 7, 2026
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One of the most expensive residential properties in the country is in Naples and it is back on the market.
This time, there is a new price point — $271 million — and a new broker.
Tim Savage, principal of Gulf Coast International Properties in Naples, has taken on the listing for Gordon Pointe, a family compound on the southern tip of the city’s Port Royal neighborhood.
Gordon Pointe is a 8.15-acre waterfront compound with three homes on it. It sits on 1,665 feet of water frontage — 728 feet beachfront and 927 feet bayfront — and has a private 231-foot deepwater yacht basin and 111-foot floating t-dock.
Savage, 51, is a decades long veteran of the luxury market in the city, starting in the business as a young man working open houses for his father Peter. “I'm talking thousands of open houses,” he says.
The experience and knowledge of the market, he says, is what helped land the listing earlier this year. It is also what may have cost him that listing a couple of years back.
You see, when Gordon Pointe first went on the market in 2024, Savage lost out to star real estate broker Dawn McKenna. McKenna, based in Chicago with offices nationwide including in Naples, listed the property for $295 million.
(The heirs of the late John and Rhodora Donahue own the property; the Donahues had 13 children and 84 grandchildren, according to The Wall Street Journal. John Donahue founded Pittsburgh-based investment management firm Federated Investors in 1955. Now Federated Hermes, the company, run by Donahue’s son J. Christopher Donahue, manages more than $900 billion in assets.)
Savage, who’d worked with the Donahue family in the past and had an interested buyer about six years ago but a deal never came together, suggested listing it at a lower price point. But as so often happens in real estate, the owner went with the higher list price, he says.
When it first went on the market it unsurprisingly made a big splash. A spread with photos and a story appeared in The Wall Street Journal and a slew of others followed. In all, the property appeared in 400 news publications in 14 countries, the Business Observer among them.
McKenna worked hard to market it, even commissioning renderings to show potential buyers what could be built on the property.
At one point, the price dropped to $210 million but Savage says at that price only the beachfront property was for sale, not the entire compound.
It was at that discounted price point, though, that in April 2025 real estate firm Redfin deemed Gordon Pointe the No. 2 most expensive active listing in the country for March. Gordon Pointe shared the list with properties in Beverly Hills and Miami Beach and Palm Beach County. (No 1 on the list was. a Palm Beach estate listed at $285 million.)
The most expensive house sold that month was an 11,870-square-foot estate in Honolulu that brought $65.75 million.
“It didn’t really get any traction,” Savage says of the original listing. (The Dawn McKenna Group did not respond to an interview request for this story.)
Savage, of course, believes he can sell the property. If the $271 million price point was to be broken up, the beachfront is now priced at $195 million. The property on the bay side is made up of two lots, one is over two acres and the other is over 1.5-acres. The large piece is priced at $35 million. The smaller one is priced at $31 million.
(The yacht basin is priced at $10 million though it is highly unlikely to be sold without the buyer taking some of the property.)
In an interview last week, Savage says he’s had a “very serious” party showing interest in the entire property as well as someone with interest in the one of the smaller lots.
While a property like this is obviously and uniquely different, Savage says managing the listing and looking for the right buyer is not much different than what an average real estate agent does. You have to provide a service and know the market. You have to be a resource.
And with clients who can pay $271 million for property, just like one who is paying $250,000, that service includes understanding what’s most important to them.
“What I’ve learned,” he says of the clientele he deals with, “is that if you are saving somebody time, which is their most valuable commodity, they will trust you and they will invest in you, because the return to them is greater in their minds.”
Savage knows of what he speaks. He has been in the real estate business for 28 years. Last year, according to Gulf Coast International Properties, he closed $273 million in sales volume and thus far this year has closed $42.46 million in sales, with an additional $134.9 million pending.
Most notably, last year he represented billionaire entrepreneurs David and Jerri Hoffmann when they bought their 17,202-square-foot waterfront house at 575 Admiralty Parade in Naples for $85 million.
As for the most intriguing question of all, just who is the buyer who can afford to spend a quarter of a billion dollars on a residential property, Savage says it is likely a billionaire from New York or California looking for tax advantages.
“This is what I've learned over the course of my career. It's not really the downstroke so much in terms of this property's $250 million,” Savage says. “It's more, what's the carry? What's my tax load? The burn rate. What am I going to burn?”
Though as nice as the tax break may be, one has to think that living in an isolated compound with the Gulf on one side and Naples Bay on the other, your yacht parked in the back, isn’t too shabby of an inducement either.
