Billionaire buys the most expensive non-beachfront home in Florida for $85M

A roughly 17,000-square-foot home in Naples, Florida, was scooped up in a recent eight-figure transaction, setting a record for the county in the process.

The mansion, located in the wealthy Port Royal neighborhood of Naples, went for a whopping $85 million, according to The Agency Naples and Gulf Coast International Properties.

The Agency Naples’ Chris Resop and Gulf Coast International Properties’ Timothy Savage were both involved in the deal, representing the seller and buyer. 

The sale price of the home was $85 million

According to a press release, the property’s $85 million sale price marked the “highest price for a non-beachfront single-family residence” in Collier County, a county on the Gulf in southwestern Florida that’s home to Naples and over 416,000 people. 

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The home, built on 2¼ lots, boasts eight bedrooms and 10½ bathrooms.

A bedroom in the $85 million home (Legendary Productions)

It was “designed for grand-scale entertaining with spacious open living spaces throughout,” the press release said.

Inside the home, a large formal living room with coffered ceilings flows into a sleek kitchen and a nearby family room.

A view of the inside of the Naples, Florida, home (Legendary Productions)

There is a dining room with a neighboring glass-paneled wine room. 

The home is 17,000 square feet (Legendary Productions)

The mansion includes home theater with a massive screen. 

The home theater inside the $85 million mansion (Legendary Productions)

While the home doesn’t sit on the beach, it does have 250 feet of water frontage on Naples Bay.

The “breathtaking water views” are present in “nearly every room” of the house, according to the press release. 

A pool in the backyard also offers a way to cool off in the sunny Florida weather.

David Hoffman was identified as the buyer of the $85 million property. He founded and chairs Hoffman Family of Companies, a Naples-based firm that has businesses in a number of industries ranging from real estate and manufacturing to transportation and hospitality. 

He has a personal fortune of $2 billion, according to Forbes.

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Naples is well-known for being a wealthy enclave, particularly its Port Royal neighborhood. Other cities in Florida are also home to the very wealthy, such as Palm Beach.

“Palm Beach in general has more wealth than Naples, but this is due to its size and large concentration of ultra-high-net-worth individuals,” Resop told FOX Business. “Naples is a smaller town than Palm Beach with one of the highest per capita incomes in the U.S. Both are some of the wealthiest cities in the country though.”

He said Naples has been “undervalued for years.” 

Naples…