Naples beachfront home sells for record $62 million

A more than 16,000-square-foot furnished beachfront residence offered Thursday for $62 million—a document for solitary-household household authentic estate in Naples.

“Just going for walks by, you would not realize what masterpiece exists in this concealed gem as it sits behind non-public, luxurious landscaping,” said Paul Arpin, the income associate of Leading Sotheby’s Intercontinental Realty’s Wide Avenue workplace who represented both equally the consumer and seller in the historic sale. Arpin previously worked with the home’s operator to find the home and build the modern estate in 2014.

“Its record-breaking sale cost reflects the strength of the luxury true estate market place and the enduring attraction of Naples’ Gulf-entrance lifestyle,” Arpin claimed.

The sale of 25 16th Ave. S. eclipsed the past history for Naples homes by $10 million. That benchmark occurred previous yr with the $52 million sale of a Port Royal beachfront residence one mile south at 2700 Gordon Push. The record-breaking, 6-bed room estate is on 1.5 acres off Gulf Shore Boulevard.

Made by Randall Stofft and John Cooney of Stofft Cooney Architects, the sprawling luxurious home was tailor made-designed by Dave Rogers of Newbury North Associates Inc. in collaboration with Jeffrey Strasser from Marc-Michaels Inside Style and design. The architect, craftsman and designer are all primarily based in Naples.

Exteriors by Koby Kirwin is the Naples landscape architect behind the estate’s lush surroundings, which incorporate a first-flooring pool and a 2nd-ground infinity-edge pool with a panoramic check out of the Gulf of Mexico. The house also capabilities an exercise wing in excess of its a few-car or truck garage and two motor courts.

The title of the new proprietor of the house is not accessible still but the property most lately was owned by Domenic J. and Molly E. Ferrante, Collier County home information demonstrate. The Ferrantes, who relocated to Southwest Florida from the Boston area with their four children, also own a waterside residence in Port Royal.

Domenic Ferrante is managing associate of The Ferrante Team and formerly was a longtime managing director of Bain Funds, a private investment decision firm centered in Boston. He is a minority operator and an government committee member of the Boston Celtics and is also concerned with the Harvard Humanitarian Initiative, Boys & Girls Club of Collier County and Local community School of Naples, according to The Ferrante Group, a Naples-dependent agency that makes both personal and public direct investments throughout a wide assortment of industries.

As co-chair and trustee of The Ferrante Relatives Foundation, Molly Ferrante manages the family’s philanthropic pursuits which aim generally on broader education and learning, environmental fears and humanitarian support. She previously worked for a professional genuine estate organization in Chicago, in accordance to info from The Pivotal Community by Georgetown College.