The most expensive home in Collier County history sold for $62 million on Thursday, breaking the old record by $10 million.
25 16th Ave. The deal for the spacious Naples beachfront residence on S. Premiere came through Paul Arpin of Sotheby’s International Realty.
“Its record-breaking selling price reflects the strength of the luxury real estate market,” Arpin said.
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Built in 2014, the 16,000-square-foot property has six bedrooms, a glass of wine room, a gourmet kitchen, a games room, and a second level pool and is furnished in transaction.
Former chief creative officer Jeffrey Strasser said, “The grandeur of this contemporary relaxing beach house stemmed from the use of natural organic materials, metals, textured stones and unique décor in collaboration with architects, clients, and designers.” Marc-Michaels of Interior Design.
That company worked with Staff Coney Architects and Newbury North Associates Inc. to bring the mansion together eight years ago.
The buyers and sellers were not identified by the real estate firm, but public records show that the home belonged to investors and philanthropists Domenic and Molly Ferrante, who run The Ferrante Group and The Ferrante Family Foundation. Arkin worked with Ferrantes to buy 1.5 acres of land in 2011 for $11.3 million, records show.
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From 1993 to 2009, Dominic Ferrante worked at Bain Capital, where he was promoted to managing director in 1999, according to data from his company. A minority owner of the Boston Celtics, he was a co-founder of Brookside Capital, a public equity affiliate of Bain, and grew it from zero to $11 billion in assets managed during his time there.
Last year, a then-record $52 million was paid for 2700 Gordon Drive in Port Royal.
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Based on the Naples Daily News, columnist Phil Fernandez ([email protected]) writes In the Know as part of the USA Today Network. Support democracy and subscribe to a newsletter.