3401 Rum Row, one of the most iconic waterfront properties in Naples’ prestigious Port Royal community has sold for $29,070,000. It is the second-highest-priced sale in Port Royal and the fourth-highest-priced sale in Naples this year. This extraordinary residence, located on an expansive, 130-foot waterfront site along Galleon Cove, epitomizes the elegance and timeless appeal of a blue-chip investment in one of Florida’s most coveted locales. C. Lodge McKee II, of Premier Sotheby’s International Realty’s Broad Avenue office, and a fifty-year veteran in the Naples market, represented the buyer.
Designed by Stofft Cooney Architects and built by London Bay Construction, this residence is a testament to architectural refinement and luxurious waterfront living. The property was meticulously designed to capture sweeping long water views, seamlessly blending its sophisticated interior spaces with extensive outdoor entertainment areas. Interior design by Anthony Catalfano Interiors complemented the home’s grandeur, offering a harmonious and joyful living experience with generously proportioned rooms, each with its own distinct charm and high-quality finishes.
This thoughtfully configured estate offers an array of luxurious accommodations, including a private first-floor primary suite and a detached cabana, along with three exquisitely appointed guest suites on the second level. Two of these suites feature balconies with breathtaking views across the wide waters of Galleon Cove, allowing residents and guests to revel in the beauty of the water from nearly every vantage point.
Boasting an 80-foot dock and 30,000 lb. hoist, 3401 Rum Row provides a unique advantage for the discerning yachtsman. Positioned just moments from Gordon Pass and the open waters of the Gulf of Mexico, the property offers unparalleled convenience for coastal access, allowing homeowners to dock their boat or yacht without the necessity of a marina or yacht club.
With Port Royal Club eligibility — an ultimate equity membership available only to Port Royal residents — this sale also underscores the long-term investment value of Port Royal’s waterfront real estate. Typically, land values in Port Royal represent a significant portion of the total asset value, a clear indicator of the area’s desirability and historical market performance.
“Motivated by the sellers’ pursuit of an elevated lifestyle post-retirement and the buyer’s vision for an exceptional waterfront investment and a home in which to raise his family, this sale underscores the rising demand for Port Royal’s exclusive, navigable lots,” said C. Lodge McKee II. “This landmark transaction continues to set a new benchmark for the enclave, solidifying its appeal and reinforcing the exceptional land values that make Port Royal a premier investment choice. Paired with Naples’ distinguished private and public school system attracting new families, Port Royal remains an unmatched option for those seeking enduring value.”
About Premier Sotheby’s International Realty
Headquartered in Naples, Florida, Premier Sotheby’s International Realty has over 1,400 sales professionals in 40 locations throughout Florida and North Carolina. Premier Sotheby’s International Realty also benefits from an association with the storied Sotheby’s auction house, established in 1744. The brokerage was founded by The Lutgert Companies, a prominent member of Southwest Florida’s business community since 1964, and is proudly associated with Peerage Realty Partners. For more information, visit premiersothebysrealty.com.
