Laura Layden | Fort Myers News-Press & Naples Daily News
In 2025, entrepreneur and billionaire David Hoffman bought a newly built estate in Port Royal for $85 million.
It set a new all-time record for a residential sale in Naples.
The record didn’t last long, however, eclipsed by the sale of a larger legacy compound that fetched $225 million in the same month — and in the same exclusive neighborhood, which has long been a magnet for Fortune 500 CEOs, business moguls and other notables of wealth and influence.
The mega deal, involving three adjacent waterfront properties all on Gordon Drive, didn’t just break a local record. It marked the largest home sale in Florida — and one of the largest in the country.
As for David Hoffman and his wife, Jerri, his high school sweetheart, they weren’t exactly out to break any records. They just wanted a big enough home to accommodate their big circle of family and friends.
The couple relocated from Illinois to Naples in 2015. Headquartered in Naples, the business is now run by their two sons, with families of their own.
With three married children, the family matriarch and patriarch have 13 grandkids. Hence, the need for lots of room for hosting and entertaining.
The Hoffmanns’ new estate — at 575 Admiralty Parade West — spans more than 17,000 square feet. It offers wide water views, sitting on nearly 2 1/4 lots, with 250 feet of frontage on Naples Bay. It has six bedrooms and 10 1/2 bathrooms.
Read all the details about this property and more luxury property sales in Naples, Florida on naplesnews.com.
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