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

Miami /
Nov.November 25, 2018 03:55 PM

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


Related Articles

arrow_forward_ios
Gables Town Colony apartment complex, Sue Ansel of Gables Residential

Gables Residential scores $85M loan for Boca Raton apartment complex

Gables Residential scores $85M loan for Boca Raton apartment complex
Rick Pitino and 38 Indian Creek Island Road (Credit: Luxhunters, Panagiotis Moschandreou/Euroleague Basketball via Getty Images)

Basketball coach Rick Pitino sells Indian Creek waterfront mansion

Basketball coach Rick Pitino sells Indian Creek waterfront mansion
Broadstone City Center with Alliance Residential’s Bruce Ward and Nuveen CEO Jose Minaya

Nuveen pays $103M for West Palm luxury apartments

Nuveen pays $103M for West Palm luxury apartments
Edmund Ansin and the property (Credit: Google Maps)

Billionaire TV family sells Miramar property to Florida Crystals

Billionaire TV family sells Miramar property to Florida Crystals
Toscana apartments and Juan Porro of FCI Residential

Florida Crystals sells Margate rentals for $60M

Florida Crystals sells Margate rentals for $60M
From left: Andrea and Renzo Rosso

Diesel family dishes on Wynwood condo project

Diesel family dishes on Wynwood condo project
 4601 Le Jeune Road, Jose Boschetti and Maurice Boschetti

Gables Residential sells dev site near Shops at Merrick Park

Gables Residential sells dev site near Shops at Merrick Park
249 West Alexander Palm Road and Kimberly Vassalluzzo

Fund manager’s wife buys Boca Raton mansion for $13M

Fund manager’s wife buys Boca Raton mansion for $13M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...