A newly-constructed waterfront estate in exclusive Port Royal has set a record for the most expense home to sell in Naples this year.
The waterfront home at 3750 Rum Row fetched $17.7 million dollars eclipsing last year's most lucrative sale, which was also in Port Royal for $15.15 million.
Collier County property records show the buyers closed escrow on the home May 1st. The home was built on spec and sits nearly an acre of land on the Southern edge of Hidden Bay overlooking Man-O-War Cove, with 170 feet of frontage on teh bay.
At the South end of Naples, Port ROyal is named for a 17th century port city in Jamaica known for it's lavish displays of wealth. It has developed a reputation as one of the most prestigious enclaves in the World.
Naples Daily News