Florida’s Property To Become The Most Expensive Residential Sale Of USA
A family compound in Naples, Florida, just hit the market for $295 million. If it sells for even close to that amount, it would be the most expensive residential sale in the US. The family of late investing magnate John Donahue is selling three waterfront houses on nearly 9 acres that come with a private 231-foot basin for yachts. The compound in the now-posh Naples neighbourhood of Port Royal had relatively humble origins. Donahue purchased a 4.3-acre parcel of land on the Gulf of Mexico for $1 million in 1985. The couple's Florida estate became a family retreat for their 13 children, 84 grandchildren, and more than 175 great-grandchildren. The owners would like to sell the property as a compound instead of splitting it up. The current record for the most expensive residential sale in the US was set in 2019, when hedge-fund CEO Ken Griffin spent $240 million on an apartment bordering Central Park in New York City.
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