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2 beach-front mansion sales break records in Naples

The Associated Press
Published:   |   Updated: March 19, 2013 at 05:01 AM
NAPLES -

Two beach-front mansions in Naples recently sold for record-setting prices.

Officials say one of the estates brought in $47.3 million in an all-cash deal. The other sold for $42 million. The Naples Daily News reports the sales broke a record set in 2007.

The newspaper reports sales in the Port Royal area of Naples has seen more than $160 million worth of property exchange hands since January. Premier Sotheby's International broke Philip Collins told the newspaper for sales were made for more than $10 million each.

The Daily News reports the $47 million mansion has 23,000 square feet of living space, with 275 feet of beach front space. The original asking price was $55 million. The other home has 15,800 square feet and sits on three acres.

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