Late financier’s Naples estate hits market for record $295M

An extravagant Naples compound, owned by the family of late financier John Donahue, hit the market at a record-setting price.

The estate, known as Gordon Pointe, dates back to the 1980s, when Donahue first laid eyes on the pristine stretch of land. He paid $1 million for the parcel in 1985, eventually transforming it into a 60-acre beachfront retreat.

Years after Donahue and his wife Rhodora’s deaths, the family is listing a 9-acre compound on the estate for a whopping $295 million, making it the most expensive U.S. residence on the open market, the Wall Street Journal reported. 

Dawn McKenna of Coldwell Banker Realty is the listing agent. The property is being marketed in partnership with Leighton Candler of the Corcoran Group and Savills’ Rory McMullen.

Even if it trades for considerably less than the asking price, it could set a national record for priciest residential sale, beating Ken Griffin’s $238 million purchase of a Manhattan penthouse in 2019. 

The Naples compound includes three houses, each designed to harmonize with the surrounding natural beauty. It features 1,650 feet of waterfront — 730 feet on the Gulf side and 930 feet on Gordon Pass and Naples Bay. The main house, spanning 11,500 square feet, has six bedrooms, a screened-in pool and panoramic ocean views. 

One guest house, spanning about 5,500 square feet, features five bedrooms and a pool. Another, built in 2013, offers 5,800 square feet of living space, its own pool and a T-shaped dock, accommodating up to six boats, the outlet said. 

Additional amenities include a 231-foot private yacht basin, gardens and outdoor entertaining areas.

Gordon Pointe sits within Naples’ prestigious Port Royal neighborhood, known for its privacy and exclusivity. The listing agents believe the astronomical price is justified, due to the property’s location, private yacht basin, and the difficulty of assembling an estate of this scale.

—Quinn Donoghue 

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