A waterfront estate in Naples, FL, sold for $225 million, setting a record as the most expensive home in the state. The property consists of three separate homes, purchased by an anonymous buyer at a significant discount from the original listing price of $295 million. Spanning over 15 acres with abundant beach frontage, the property has an alarming 99.90% flood risk over the next 30 years, according to Realtor.com. FEMA designates the area as a Special Flood Hazard, raising concerns on its long-term viability amid climate challenges.
This property has a 99.90% risk of flooding over 30 years; its flooding risk is increasing due to changing weather patterns, precipitation, and sea level rise.
Despite its staggering $225 million price tag, the buyer secured this waterfront estate at a substantial discount from its original listing price of $295 million.
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