The most expensive home in the U.S. is now worth $295 million.

The cost of a $295 million mansion in Maples, Florida, has made real estate sales history in the United States, the Wall Street Journal (WSJ) reports.

A nine-car estate owned by financier John Donahue and his wife Rhodora is up for sale and ranks as the most expensive home in the U.S. real estate market after the owners' deaths.

History of the estate

The estate itself started out as a small fishing lodge on 4.3 acres of land near the coast.

According to the WSJ, John and Rodora were flying an airplane over the Gordon Point Peninsula when John saw and fell in love with the undeveloped land on this coastal stretch.

The couple paid $1 million for it in 1985 and gradually expanded their property by another 55 contiguous acres.

Location and composition of the estate

The mansion is located on the Gordon Point Peninsula in the Port Royal neighborhood of Maples, Florida.

The development includes three homes and a private yacht basin.

If it sells for a price of $295 million, it will become the most expensive home ever sold in the United States. The record is currently held by financier Ken Griffin, who purchased a penthouse for $240 million on Billionaire's Row in Manhattan.

Other objects of sale

The Donahue home is one of several properties selling for nine-figure sums in recent years that claim to exceed Griffin's record.

The penthouse in Central Park Tower was listed for sale at $250 million in 2022, but the price is now $195 million.

Similarly, financier Gary Winnick and his wife Karen Winnick listed their California residence, known as Casa Encantada, for sale in June 2023 for $250 million, but they also reduced the price to $195 million.

Features of the estate

The agents selling the Donahue estate, The Dawn McKenna Group from Coldwell Banker Realty, Leighton Candler Team from Corcoran, and Rory McMullen from Savills, stated that the price of the estate in Naples is justified not only by its size, location, and the presence of a yacht basin, but also by the fact that such an estate would be difficult to recreate.

According to Redfin data, the average home price in Naples is $800,000, while in Port Royal, the area where the Donahue house is located, they sell for an average of $9.1 million.

The most expensive house for sale in the U.S. has a coastline of 930 feet in Gordon Pass and Naples Bay, as well as 730 feet on the Gulf of Mexico side.

John and Rodora's son, Bill Donahue, told the WSJ about the sale of the family estate: "We all enjoyed it, but it's time to move on."