Gulf Coast International Properties Breaks Sales Record with $85M Port Royal Home
Deal News | Apr 27, 2025 | EIN
Gulf Coast International Properties® (GCIP) alongside The Agency's Chris Resop have made headlines with the record-breaking sale of 575 Admiralty Parade West in Port Royal, Naples, Florida, achieving an extraordinary $85 million transaction. Timothy P. Savage from GCIP and Chris Resop represented both the seller and buyer—billionaire David Hoffmann—in this landmark deal. It stands as the highest price for a single-family residence ever recorded in Collier County, and notably, for a non-beachfront property. Hoffmann, boasting a net worth of $2 billion and ranking #1750 on Forbes' World Billionaires list, has a robust business portfolio through the Hoffmann Family of Companies, including his executive search firm DHR Global and significant real estate holdings with Hoffmann Commercial Real Estate. Additionally, Hoffmann is lauded for extensive philanthropic work. The purchased estate is a lavish 17,202-square-foot mansion offering top-tier luxury with panoramic water views, eight bedrooms, and ten bathrooms—truly a benchmark in upscale real estate. Both Savage and Resop expressed their satisfaction with the unprecedented sale, citing the seamless collaboration and recognition of Naples as a luxury destination.
Sectors
- Real Estate
- Luxury Goods & Services
- Philanthropy
Geography
- United States – The article centers on a real estate transaction within the U.S., specifically in Naples, Florida, involving an American businessman.
- Florida – Naples, Florida is the primary location where the record luxury real estate sale took place, making Florida central to the article.
Industry
- Real Estate – The article focuses on a historic real estate transaction, highlighting the sale of a luxury property in Naples, Florida, establishing a record-breaking price point.
- Luxury Goods & Services – The transaction involved a high-end luxury property, thereby associating the article with the luxury goods and services sector.
- Philanthropy – David Hoffmann, the buyer, is noted not only as a businessman but also for his significant philanthropic activities, supporting various causes.
Financials
- $85,000,000 – The sale price of the property, setting a record for single-family home sales in Collier County.
- $2,000,000,000 – The estimated net worth of David Hoffmann, according to Forbes.
- Over $1 billion – The collective value of the real estate portfolio managed by Hoffmann Commercial Real Estate, a part of HF Companies.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Gulf Coast International Properties | Real Estate Agent/Representative | Company | A premier real estate firm specializing in luxury properties, played a key role in the historic sale transaction. |
| The Agency | Real Estate Agent/Representative | Company | Partnered in the representation of both the buyer and seller, working in conjunction with GCIP. |
| Timothy P. Savage | Principal & Seller Representative | Person | A principal at GCIP, played a pivotal role in representing the seller in the record-breaking real estate transaction. |
| Chris Resop | Agent & Seller Representative | Person | An agent at The Agency, co-represented the seller and buyer in the luxury home transaction. |
| David Hoffmann | Buyer | Person | A billionaire businessman and philanthropist, purchased the record-setting luxury home in Naples. |
| HF Companies | Business Portfolio | Company | The business portfolio of David Hoffmann, illustrating his extensive business ventures and acquisitions. |