Dawn McKenna Group/Coldwell Banker Realty
- A compound in Naples, Florida, is on the market for a potentially record-setting $295 million.
- Late financier John Donahue spent $1 million for land on the Gulf of Mexico in 1985, then added to it.
- His family is ready to let go of three mansions on 9 beachfront acres — take a look around.
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 neighborhood 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, according to the Wall Street Journal , which first reported the listing.