An extravagant home on the water in Naples, FL, is the most expensive house of the state ever sold, after it has broken up for an eye-watery $ 225 million, which it is in an area that is considered a “extreme” risk of flooding.
The unique real estate actually consists of three different homes, all of which have been purchased by the same buyer, whose identity has not been made public, according to the Wall Street Journal.
Although the heaven -high price tag represents the most expensive residential real estate transaction of the Sunshine State, the anonymous buyer actually managed to get something of a discount, since the property was originally mentioned for the collective price of $ 295 million in October 2024.
Ultimately, the central building in the trio of Huizen – which offers six bedrooms and 13.5 bathrooms and spans 8,846 square foot – according to $ 133.2 million, according to real estate records. In the meantime, the other two-one house with five bedrooms, 3.5 bathrooms are sold out for $ 46.9 million and $ 44.9 million respectively.
Described in the list as a “wonderful chance of the beach”, the building with three house includes more than 15 hectares, including 800 base of beach façade, making it “one of the largest legacy properties on the beach” in the US.
However, the offer does not report the environmental risks that are accompanied by the breathtaking property that, according to the Climate Risk rating, carries a “extreme” 9 out of 10 out of 10 of the flood risk.
“This real estate has a risk of 99.90% on flooding for 30 years,” said the rating. “The flood risk of this home increases as the weather patterns change. Floods in this area are caused by precipitation, sea level rise and hurricane storm rise.”
In the meantime, FEMA classifies the location of the building as a special flooding danger area, which is defined as an area “that will be flooded by the flood event with a chance of 1% to be matched or exceeded in a certain year.”
The offer could also not contain interior recordings of the three houses it did not provide in-depth details about the condition of the three properties included in the sale, suggesting that it may have been marketed on the market to interested parties, who offer a very rich buyer the opportunity to make their own huge megamansie on the existing places.
According to the Real Estate Professional based in Florida Cara AmeerThe inherent climate risks that are accompanied by the purchase of a water in many of the most sought after areas in the Sunshine State do not tend to scare rich buyers.
“Florida remains a lot of attraction for the Uber-rich because there is no state tax, and for this reason many people remain, regardless of the insurance costs, and live in very expensive houses on or close to the water,” she told Realtor.com® previously.
In the past six months alone, 16 properties have sold in Florida for $ 40 million or more, according to Realtor.com Records, many of them suddenly on the water.
Last month, Russian billionaire Vladislav Doronin Sold his Star Island Mansion for $ 120 million, after he bought it in 2009 for just $ 16 million. That house was classified as a “serious” 8 out of 10 flood risk.
A similar real estate in Miami, which has a “serious” 7 out of 10 flood risk, changed hand for $ 85.2 million in January.
Although details about the sellers of the property in Naples have not publicly shared, data shows that each of the houses is registered in the name of a separate company – all of whom are ties with the DeGroote family, the descendants of the Canadian billionaire and philanthropist Michael DegrooteHe died in 2022.
Degroote earned his fortune of truck and waste management, after he founded his first company when he was only 18 years old, according to CBC.
Although Degroote was mainly based in Bermuda for the last years of his life, it is thought that he started to collect the properties in Naples in the early nineties in Naples, with ownership records that indicate that the houses in the compound were all arrested within a few years in succession.
Now, in addition to his business and charities, the name of Degroote will be included in the Real Estate History of Florida, thanks to the extraordinary sale – which is one of the most expensive property ever changed in the US
Degroote's Legacy Compound was actually one of the two features in Naples mentioned with a price tag of $ 295 million, with the other just a stone's throw on the road.
That house was marketed in February 2024 with the towering price tag; However, that was reduced to $ 210 million in January of this year, after he had trouble finding a buyer.
