The Real Deal Miami

Naples mansion that sold for $48.8M is demolished to make way for a new one

The sale price of the 24-year-old mansion was 25 percent below the $60.9M asking price but still set the record for the most expensive home sale in Southwest Florida
November 25, 2018 03:55PM

2500 Gordon Drive in Naples prior to the demolition of the mansion (Credit: Realtor.com)

A 24-year-old mansion in Naples that sold in June for $48.8 million – the highest price on record for a home in Southwest Florida – has been demolished to clear the site for a new mansion.

The mansion at 2500 Gordon Drive in Naples set the record for South Florida’s priciest home even though it sold for 25 percent less than the seller’s $60.9 million asking price.

Built in 1994, the six-bedroom, nine-bathroom mansion in the Port Royal area of Naples occupied 5.49 acres along the Gulf of Mexico.

The buyer, an entity called 2500 Gordon Land Trust, plans to build a new residence on the site. The Naples Daily News reported that Newbury North Associates will build the new residence, and architect John Cooney will design it.

A confidentiality agreement prohibits disclosure of the identities of both the buyer and the seller, according to Vicki Tracy, chief operating officer of brokerage firm Gulf Coast International Properties.

Mike Austin, owner of BJ Excavating, told the Daily News that the demolition took two months and was completed in early November.

Austin also told the newspaper that the torn-down mansion was “an exclusive property, and the home that’s going there matches up with it.” [Naples Daily News]Mike Seemuth