Mystery buyer builds $311M assemblage in Naples

A mystery buyer has strung together $311 million worth of beachfront properties in Naples’ ultra-exclusive Port Royal neighborhood.  The secret land trust paid $225 million for three properties last year, setting a record for the largest residential sale in Florida’s history, the Naples Daily News reported. More than a year later, the same trust bought a neighboring property for $86 million. “That is roughly $311 million and about 18.5 acres of Gulf frontage in one hand. Nobody knows whose hand,” said Yasmin Saad, co-founder of Naples-based luxury real estate firm the Saad Team. The original sale included the properties at […]

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