Back
'Billionaires' row' takes over once peaceful Florida paradise
May 7, 2025
Once known as a sleepy fishing town for snowbird retirees, Naples, FL, has transformed into one of the nation's most elite enclaves — dubbed the new Palm Beach.
Ultra-wealthy billionaires are scooping up beachfront mega-mansions in record numbers, building a quiet empire of wealth along the Gulf Coast.
With pristine beaches, no state income tax, and old-world charm, Naples has become a paradise for deep-pocketed investors, financiers, and real estate tycoons.
The city was named the 'preferred retirement spot for the rich, powerful and cold-averse' in 2024 by US News & World Report, which crowned it the No. 1 place to live in America.
'The whole world is your oyster right here,' Naples luxury estate realtor Angela Lutzi Dellatorè told the DailyMail.com 'It's a very culturally interesting place, but it's also very under the radar.'
Judge Judy Sheindlin, Papa John’s founder John Schnatter, Best Buy founder Richard Schulze, and Jason Bourne author Robert Ludlum all call Naples home.
One standout deal: an $85 million newly built mansion originally designed for a private owner was recently bought by billionaire businessman David Hoffmann.
That sale wasn't even the highest on record.
In an off-market deal, another mega-mansion - a 15-acre compound containing three separate beachfront estates - sold for $225 million, according to Zillow. It was Florida's most expensive home sale ever. Take that Palm Beach.
9Shares
0Comments
15Favorites
12Likes
No content at this moment.