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record-breaking $85 million transaction has taken place in Naples, Florida, with a 17,000-square-foot mansion selling for the highest price ever recorded in Collier County. The property, located in the affluent Port Royal neighborhood, boasts eight bedrooms and 10½ bathrooms across two-and-a-quarter lots. Designed for grand-scale entertaining, the home features spacious open living areas, including a formal living room with coffered ceilings, a sleek kitchen, and a family room.

    The mansion also includes a dining room adjacent to a glass-paneled wine room, as well as a state-of-the-art home theater with a massive screen. While not beachfront, the property offers 250 feet of waterfront on Naples Bay, providing breathtaking views from nearly every room. A pool in the backyard provides a refreshing escape from the Florida sun.

    The buyer, David Hoffman, is the founder and chairman of the Hoffman Family of Companies, a Naples-based firm with diverse interests in real estate, manufacturing, transportation, and hospitality. With a personal fortune of $2 billion, according to Forbes, Hoffman's purchase sets a new benchmark for luxury real estate in Naples.

    Naples' Port Royal neighborhood has long been known as a haven for the wealthy, but Chris Resop, a representative from The Agency Naples, notes that the city has been "undervalued for years." With 72 ultra-luxury sales exceeding $10 million over the past year, worth a combined $1.02 billion, Naples continues to rise as one of the top luxury markets in the US.