An $85M home sale in Naples broke a record in 2025, it didn’t last long

An $85M home sale in Naples broke a record in 2025, it didn’t last long

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.

Ready to explore the most exceptional properties of Southwest Florida? Contact me today to begin your journey. Contact David at David@DavidFlorida.com or 239-285-1086.

NABOR Market Report | December 2025

NABOR Market Report | December 2025

Naples Area Board of REALTORS®

December Home Sales Shows Market Confidence & Stability

Naples, Fla. (January 23, 2026) – Overall closed sales in Naples during December increased 28.8 percent to 773 closed sales from 600 closed sales in December 2024. Broker analysts reviewing the December 2025 Market Report by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), have been watching closed sales improve for seven months consistently. They believe the increase in sales is largely due to sellers being more willing to negotiate. Adjustments in prices – as a result of seller flexibility – effected a 2.5 percent decrease in the overall median closed price in 2025; and a 5 percent decrease in December to $570,000 from $600,000 in December 2024. With 8.3 months of inventory available to buyers heading into 2026, broker analysts are cautiously optimistic that closed sales will continue to increase as our transition to a more balanced market is ideal for homes sales in Naples.

Paradise Preferred

Sales in the Naples luxury home market – $1.5 million+ – continue to outpace closed sales activity in other price categories. Most remarkable, the December report showed closed sales of properties over $5 million increased 16.6 percent during 2025.

According to the report, overall pending sales increased 12.5 percent in December to 704 pending sales from 626 pending sales in December 2024.

“We had almost the exact number of pending sales in 2025 as we did in 2024 [10,178 vs. 10,090],” said Mike Hughes, Vice President and General Manager for Downing-Frye Realty, Inc. “But if you look at the number of pendings [10,178] compared to closings [8,249] in 2025, you can see that there were still a considerable number of sales that fell through. Sellers need to be aware of this because if a buyer comes back with a request, it may be in the seller’s favor to address their request and negotiate rather than allow the deal to fall through.”

Overall inventory during December decreased 3.8 percent to 5,714 properties from 5,938 properties in December 2024. Inventory in December decreased the most in the 34116 zip code, 30.1 percent. This area also reported the highest closed sales for the month, a 155.6 percent increase.

Condo Grab

While the number of properties available under $300,000 has slowly declined in the last few years, the December Market Report showed the inventory of condominiums under $300,000 has been on the rise, leading to a 28.4 percent increase in closed sales of condominiums in this price category for December. Overall inventory in the condominium market in December increased 1.2 percent to 3,088 condominiums from 3,050 condominiums. An increase in condominium sales is anticipated in the first quarter of 2026 because condominium inventory under $300,000 increased 47.5 percent in December.

The NABOR® December 2025 Market Report provides comparisons of single-family home and condominium sales (via the Southwest Florida MLS), price ranges, and geographic segmentation and includes an overall market summary. NABOR® sales statistics are presented in chart format, including these overall (single-family and condominium) findings for 2025:

NABOR Market Report December 2025 chart

New Conversations

According to several broker analysts reviewing the December report, conversations in 2026 will look much different than in previous years because last year proved hurricanes are not an annual threat, insurance rates are now more competitive – Citizens Property Insurance Corporation, a not-for-profit insurer of last resort that was created by the Florida Legislature in 2002, just lowered its rates – and mortgage rates hovering around 6 percent are increasingly considered the new normal and will likely remain for the immediate future.

Are you seeking a home in the Bonita Springs – Naples, Florida area? Contact David at David@DavidFlorida.com or 239-285-1086.

How long does it take to sell a house in Naples, FL? What to know for buyers and seller

How long does it take to sell a house in Naples, FL? What to know for buyers and seller

USA TODAY Network

The median home in Collier County listed for $729,725 in December, up 1.2% from the previous month’s $722,900, an analysis of data from Realtor.com shows.

Compared to December 2024, the median home list price decreased 5.8% from $775,000.

The statistics in this article only pertain to houses listed for sale in Collier County, not houses that were sold. Information on your local housing market, along with other useful community data, is available at data.naplesnews.com.

Collier County’s median home was 1,816 square feet, listed at $415 per square foot. The price per square foot of homes for sale is down 5.5% from December 2024.

Learn more on naplesnews.com.

Shops. Entertainment. Schools. Hospitals. What’s new for SWFL in 2026?

Shops. Entertainment. Schools. Hospitals. What’s new for SWFL in 2026?

Phil Fernandez | Fort Myers News-Press & Naples Daily News

  • Construction is starting on The Carnelian Hotel and Sterling’s Club in Naples, with a planned opening in early 2027.
  • The development is part of a larger transformation near Waterside Shops, which will also welcome an RH Gallery.
  • Nearby, the Eddie V’s restaurant is anticipated to open in Spring 2026.

Construction officially begins this week on the Sterling’s Club and The Carnelian Hotel as the Naples transformation at Pine Ridge Road and U.S. 41 continues.

The pair are on track to welcome guests in early 2027, just steps from the evolving Waterside Shops. That center has considerable ongoing redevelopment of its own with one Friday Jan. 23 arrival and the closing sale of a major store we’ll tell you more about in today’s In the Know. We’ll also be answering a related reader question.

Read on naplesnews.com to find out What’s to know.

Do you want a home to come to in southwest Florida on or near to Sanibel and Captiva? Contact David at David@DavidFlorida.com or 239-285-1086.

Home prices are increasing in Naples, Florida. Here’s how much.

Home prices are increasing in Naples, Florida. Here’s how much.

USA TODAY Network

Newly released data from Realtor.com for October shows that potential buyers and sellers in Collier County saw higher home sale prices than the previous month’s median of $570,000.

The median home sold for $580,000, an analysis of data from Realtor.com shows. That means October, the most recent month for which figures are available, was up 1.8% from September.

Compared to October 2024, the median home sales price was up 3.6% compared to $560,000.

Realtor.com sources sales data from real estate deeds, resulting in a few months’ delay in the data. The statistics don’t include homes currently listed for sale and aren’t directly comparable to listings data.

Here is a breakdown on median sale prices:

Looking only at single-family homes, the $700,000 median selling price in Collier County was down 1.4% in October from $710,000 the month prior. Since October 2024, the sales price of single-family homes was down 2.1% from a median of $715,000.One hundred twenty-seven single family homes sold for $1 million or more during the month, compared to 96 recorded transactions of at least $1 million in October 2024.

Read on naplesnews.com for Condominium and townhome prices and more

Buying or selling a home in the Naples – Bonita Springs area? Contact David at David@DavidFlorida.com or 239-285-1086.

Top 10 most expensive homes sold: Naples property tops December 2025 list

Top 10 most expensive homes sold: Naples property tops December 2025 list

Mark H. Bickel | Fort Myers News-Press & Naples Daily News

The Top 10 most expensive homes sold Collier County in December 2025. Data provided by Royal Shell Real Estate.

1. 2426 Indian Pipe Way, Naples

  • List price: $16,500,000
  • Sold price: $16,500,000
  • Neighborhood/Development: Grey Oaks
  • Year built: 2025
  • Days on market: 788
  • Amenities: Clubhouse, Community Pool/Spa, Golf Course, Private Membership, Tennis Court, Private Pool/Spa, Built-In Grill, Deck, Fence, Outdoor Fireplace/Kitchen
  • View: Golf Course, Lake
  • Size: 9,712 square feet

Read the full article with property photos on naplesnews.com.

Ready to explore the most exceptional properties of Southwest Florida? Contact me today to begin your journey. Contact David at David@DavidFlorida.com or 239-285-1086.