Rotonda West

Rotonda West, FL · Real Estate
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Robb Report
A Mystery Buyer Has Spent $311 Million Assembling a 19-Acre Waterfront Estate in Naples
Someone has spent $311 million buying up a stretch of Gulf-front property in Naples, Florida, though exactly who—and what they intend to do with it—remains a mystery. The purchases span nearly 19 acres along Gordon Drive in the Port Royal neighborhood, in one of the country’s most expensive residential enclaves. The Black Rock Coffee Bar Founders Are Selling Their 40-Acre Oregon Ranch for $10.9 Million According to the Wall Street Journal , the buyer first paid $225 million in 2025 for a roughly 15-acre compound previously owned by Canada’s DeGroote family. The purchase covered three contiguous properties and set a record for the largest residential sale in Florida’s history. Fourteen months later, the buyer returned for a neighboring property, paying another $86 million to Ralph and Shelly Stayer, minority owners of the Milwaukee Brewers baseball franchise. Both purchases were made through a land trust, with nondisclosure agreements keeping the buyer’s identity under wraps. There are already signs that the existing residences may not be around for long. According to The Real Deal, demolition permits have been sought for the sites, and the city has approved the removal of several structures, including homes and guesthouses. Applications for new construction, however, are
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KW firm goes independent; Real adds 30-agent brokerage
Editor's note: The brokerage business is a busy one, with frequent moves, mergers and milestones. Here we highlight some of the latest activity among brokerages across the U.S. Michigan firm parts with KW to go independent. Glover Agency has become an independent brokerage after 17 years with Keller Williams, a...
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Lee County hotel sells for $11 million
The 111-room Holiday Inn Express & Suites in Fort Myers has sold. The property at 3427 Forum Blvd. was bought by the Archer Capital Group, which paid $11.1 million according to CoStar. (Lee County records show the buyer as Haven Street Lodging LLC. One of the LLC’s managers is the managing principal at Archer.)