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Florida family that bought fishing cottage for $1M in the 80s is selling it for $295M
Posted on 2/12/24 at 5:42 pm
Posted on 2/12/24 at 5:42 pm
quote:
“There is nothing like it, anywhere.” That’s the first line describing a home (if you can call it that) listed for $295 million in Naples, Florida. It’s the most expensive home for sale in the country, according to the Wall Street Journal.
Located in an “exclusive neighborhood” known as Port Royal, the home has its own first and last name: Gordon Pointe. The nine-acre compound holds one primary home and two guest houses; altogether there are 20 bedrooms, 20 bathrooms (and four half bathrooms), a 231-foot yacht basin, a 111-foot floating dock—and, can’t neglect to mention, 1,655 feet of waterfront.
It was smaller when John Donahue first purchased it for $1 million in the 1980s after seeing the strip of land when (according to family stories) he was flying above it. At the time, it was a little more than four acres and had nothing on it apart from a fishing cottage, the Journal reported. The family built it over the next decade or so as they bought more land, and now after Donahue and his wife, Rhodora, passed away, their 13 children are selling.
“We’ve all enjoyed it, but it’s more or less time to move on,” their son, Bill Donahue, who runs the family’s foundation, told the Journal. His parents were high school sweethearts and devout Catholics; his father graduated from West Point in 1946, served in the Air Force, and started an investment management firm that’s now known as Federated Hermes (and run by another son).
quote:
The asking price suggests a new record for most expensive home sold in U.S. history. The current record holder belongs to the billionaire CEO of the massive hedge fund Citadel, Ken Griffin, who bought a penthouse on Billionaires’ Row in Manhattan for almost $240 million back in 2019. Others have come close, but dropped their asking price as time went on—for one, a Los Angeles mansion (deemed Casa Encantada) sitting on more than eight acres of land with seven bedrooms and 20 bathrooms that was originally listed for $250 million last year, but is now asking for $195 million.
LINK
Posted on 2/12/24 at 5:44 pm to Street Hawk
Being rich in 80s makes you richer in 2020s confirmed
Posted on 2/12/24 at 5:46 pm to Street Hawk
Let us know what it actually sells for.
Posted on 2/12/24 at 5:52 pm to Street Hawk
quote:
His parents were high school sweethearts and devout Catholics; his father graduated from West Point in 1946, served in the Air Force, and started an investment management firm
We used to be an honorable country
Posted on 2/12/24 at 6:01 pm to Street Hawk
quote:
selling it for $295M
quote:
now asking for $195 million.
did you even read your own retarded post?
Posted on 2/12/24 at 6:03 pm to Street Hawk
They'll be lucky to get a tenth of that, they are LISTING it.
Posted on 2/12/24 at 6:05 pm to Street Hawk
The title is misleading. Makes you think the 1M property appreciated that much when in reality they purchased additional land and built that estate. There’s much more investment tied into that than 1M
Posted on 2/12/24 at 6:07 pm to faraway
quote:
did you even read your own retarded post?
Man this is a tough look
Posted on 2/12/24 at 6:07 pm to deltaland
quote:
The title is misleading. Makes you think the 1M property appreciated that much when in reality they purchased additional land and built that estate. There’s much more investment tied into that than 1M
The bulkheads and docks alone would be the better part of $1mm.
Posted on 2/12/24 at 6:07 pm to faraway
quote:
selling it for $295M
quote:
now asking for $195 million.
did you even read your own retarded post?
in before the edit
Posted on 2/12/24 at 6:16 pm to Street Hawk
I'll be damned. I'm friends with his son Chris. I have been to that place a couple times when I was younger. It's paradise. Be surprised if somebody shells out 300m as volatile as things are right now
This post was edited on 2/12/24 at 6:17 pm
Posted on 2/12/24 at 6:21 pm to faraway
quote:
did you even read your own retarded post?
Did you?
Posted on 2/12/24 at 6:24 pm to Street Hawk
Shiiiit yall best check my shanty on the pearl south of Bogalusa. Or as I have it listed on airbnb “north of Bush)
Posted on 2/12/24 at 6:25 pm to Street Hawk
I live in the 30A area. You could have bought an acre here for $10k in the 90s and sell it for $1mm now.
Posted on 2/12/24 at 6:26 pm to Street Hawk
Probably get less than 1/10th the asking price all said and done. Dak's home is $4 mil and looks as nice. Greedy people asking for 10x market value or maybe even more.
This post was edited on 2/12/24 at 6:28 pm
Posted on 2/12/24 at 6:32 pm to Street Hawk
Great marketing whoever has that listing. Should have just listed it for $1 billion. Any press is good press
Posted on 2/12/24 at 6:33 pm to Street Hawk
No shuffleboard court, no care.
Posted on 2/12/24 at 6:38 pm to faraway
quote:
selling it for $295M
now asking for $195 million.
quote:
did you even read your own retarded post?
Guessing you will be staying faraway from this thread
Posted on 2/12/24 at 6:39 pm to Street Hawk
quote:
seven bedrooms and 20 bathrooms
WTF???
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