The HGTV host “Flipping 101” Tarek El Moussa joins “Fox & Friends” to discuss the slight drop in mortgage rates and explain how it will affect the real estate market.
A house of around 17,000 square feet in Naples, Florida, was recovered in a recent eight -digit transaction, establishing a county record in the process.
The manor, located in the rich district of Port Royal in Naples, opted for $ 85 million, according to the Naples agency and Gulf Coast International Properties.
The Timothy Savage of the Naples agency and Gulf Coast International Properties Savage was both involved in the agreement, representing the seller and the buyer.
The sale price of the house was $ 85 million
According to a press releaseThe selling price of $ 85 million in the property marked the “highest price for an unlisted unifamilial residence” in the County Collier, a Gulf County in southwest Florida which houses Naples and more than 416,000 people.
The $ 29 million house in Lover in Fort Lauderdale, Florida, is on the market
The house, built on 2¼ lots, has eight bedrooms and 10½ bathrooms.

A room in the house of $ 85 million (Legendary productions)
It was “designed for large -scale entertainment with spacious open living spaces everywhere,” the press release said.
Inside the house, a large formal living room with dial ceilings flows into an elegant kitchen and a nearby family room.

A view of the interior of the house of Naples, in Florida (Legendary productions)
There is a dining room with a neighboring dawn wine room.

The house measures 17,000 square feet (Legendary productions)
The manor includes a home theater with a massive screen.

The Home Theater inside the $ 85 million manor (Legendary productions)
Although the house is not on the beach, it has 250 feet of water facade on the bay of Naples.
The “breathtaking views of the water” are present in “almost all the rooms” of the house, according to the press release.
A pool in the backyard also offers a way to cool off in sunny weather in Florida.
David Hoffman was identified as the owner of the $ 85 million property. He founded and presided over Hoffman Family of Companies, a company based in Naples which has companies in a number of industries ranging from real estate and manufacturing to transport and hospitality.
He has a personal fortune of $ 2 billion, according to Forbes.
The creator of Starbucks Frappuccino lists $ 12 million at home by the lake
Naples is well known to be a rich enclave, in particular its district of Port Royal. Other cities of Florida also house the very rich, such as Palm Beach.
“Palm Beach in general has more wealth than Naples, but that is due to its size and a large concentration of ultra-high people,” Resop in Fox Business told. “Naples is a smaller city than Palm Beach with one of the highest revenues per capita in the United States, both are among the richest cities in the country.”
He said Naples was “undervalued for years”.

Naples Municipal Beach March 21, 2019 (Paul Harris / Getty Images / Getty Images)
“Some of our older cities in America, such as Palm Beach and Beverly Hills, have always been recognized for their real estate values and more wealth. But, in recent years, Naples has really become strong and proves its value with the quality of life with a smaller feeling of the city,” said Resop.
Naples “continues to increase as one of the best luxury markets in the United States,” he added.
The city has seen 72 sales of ultra-luxury houses of at least $ 10 million in the past year, a Compass report find. These sales were worth $ 1.02 billion combined.
Bill Gates linked to 23.4 million dollars from Florida Mansion is on sale
An area of around 15 acres by the sea in Naples recently cost $ 225 million. This transaction has become the second most expensive house purchase of all time in the country, The Wall Street Journal recently reported. He also marked a record for the Sunshine State.
The most expensive sale in the United States occurred in 2019. This agreement, worth $ 238 million, was for a house in a New York skyscraper, depending on the point of sale.