Private Beachfront Island Offered For Sale In Naples, FL

3/4/17

One of the most significant assemblage of properties in the city of Naples, Florida, will be offered for sale by the Donahue family in conjunction with CBRE Group, Inc., the world’s largest commercial real estate services and investment firm.

These real estate holdings represent the culmination of the acquisition of investment property in the Naples area by the Donahue family for over 40 years, beginning with a residence on Gordon Drive, and the ultimate acquisition of 100 Bay Road and the remainder of the Gordon Pointe properties.

The founders, Mr. and Mrs. John F. Donahue, will continue to reside in and retain their current residences at 100 and 104 Bay Road for the foreseeable future and these properties are not part of the offering for sale. The family owns the remaining real estate on Gordon Pointe and Keewaydin Island.

From a recent annual review of the partnership’s portfolio, the family concluded that the time is right to further diversify its investment portfolio. As part of that diversification, the family decided to explore the sale of:

1. Keewaydin Island’s ready-to-build lots; the partnership owned residence; Shore Station and Bay Marina.
2. Gordon Pointe’s three undeveloped lots, personal residence and yacht basin, all situated along the Gordon Pass.

Both the Keewaydin Island properties and the Gordon Pointe properties are being marketed as currently zoned and in their current condition. The property collection on Keewaydin Island, a barrier island just north of Marco Island, and on Gordon Pointe consists of 70 acres of beachfront property along the Gulf of Mexico.

The family retained CBRE as its exclusive listing agent. As such, all inquiries should be addressed to Robert McEwan and Steve Lehr.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.