Keep in mind that the real estate market is in a big slump!

It's in a slump for people who count their pennies, not the wealthy. BTW, did you hear about that ex-owner of a telecommunications company who's building or alerady built a 90 million dollar house in that same area? He had to demolish 4 homes just to have enough room to build it.
There's also a lady wha has a 60 million dollar home, which has a chapel built on top of it. Her cabinets alone are 3 million bucks. It must ne nice!
Let me see...hmmmmm, I think it'll take me about 300 years and 50 million rides from bonita bay to the airport, to earn ebough to buy that home. You figure at 40 bucks a pop, and splitting it, meaning 20 bucks profit, the figures are about right...LOL
Actually, if I had more rides to port royal (cab ride 70 bucks), it would happen sooner...LOL

I sort of remember when a house was built on Gordon Drive that took up an entire block of homes. Maybe that's the one you're talking about, Pac. The real estate broker who sold the $40 million house must be happy! BTW, it's still a story on the news site, but not the current headline. The next one was that Florida Gulf Coast Univ just raised the tuition. Now the headline is about the 22 Cubans who landed here. (Why? Miami is so much closer.)

"Under U.S. policy, Cuban migrants who reach dry land are generally allowed to stay here. If they don’t have relatives waiting to meet them, the migrants are referred to a nonprofit organization in Miami upon their release for help with legal paperwork and finding a place to stay."

Okay. I have an idea. I need a place to stay & money, so I wonder if there's some way I can arrange to get here by boat.

Oh, just after my last comment I got an idea. That $40 million home must have plenty of empty rooms. So since we're being so liberal with our immigration laws maybe we should ask people with mansions to take in these people. (BTW, I feel sorry for these people who are simply trying to get a better life.) How about a new law in Collier County - "Anyone with a home with more than 5,000 square feet must provide shelter for immigrants who arrive in the U.S., at a rate of one person per 500 sq ft.   Let's call Judge Judy! LOL

Let's see..... I presume the percentage for agents these days are about 6% profit? If so, then I'm guessing the agent made about 2.4 million....not bad. Unless the broker gets his share...LOL Or if the broker sold it him or herself.

I've know brokers who sold commerical buildings that were $10 million and up. They usually negotiate a set price for the listing office and the selling office, but it's usually not millions. Still, selling a $40 million estate is a very big accomplishment...takes lots of networking. Oh, I googled $40 million and got this story. Great story..from taxi driver to buying a $40 million townhouse in NY
http://www.forbes.com/2006/01/12/duke-semans-sapir-cx_sc_0113movers_ls.html

Seems as if this is a dialog between you and me, Pac! LOL    Join in everyone. :-)

The last thing I would do if I had 40 million bucks is buy a townhouse in NYC. What a waste of money!

I can't imagine spending $40 million on any home.   I'm not sure I'd stay in FL if I won a lot of money. Not that I can ever afford the bathroom, but I saw a gorgeous home on Johns Island in SC near Charleston that was the one I want when I hit the $19 million tonight. Less than $400K. 2 acres. Honestly, I'd never want more than a 2,000 sq ft house - just some land around it and a rocking chair porch!

JustX, now, that's what I'm talking about! Great location, reasonably priced for a millionaire and if a hurricane destroys it, you just buy another one. That leaves you 39 mil to play with.

Not me. I'd buy atleast a 20 million dollar home, but it wouldn't be your typical home. A ground level home the size of a football field, 20 foot ceilings. A dip in the center for the living room. Now I'm talking about a very large dip. A 199 inch screen TV at the wall livingroom.

On the other end of the house would be dedicated to just pure entertainment. 49 guitars, and a top of the line studio, with a bar and seating lounge within it. Plenty of guest rooms, and plenty of bathrooms...LOL

It would definitely be located on Pacific Coast Highway on Malibu Beach! Highway 1.
The kitchen would be fully staffed during prime hours, and a skeleton crew at night, just incase you got the munchies...LOL
What the heck else would I want?

OH!...I almost forgot one of the amenities of this house. I didn't mention it earlier because I was mainly concentrating on the house and nothing animated. Therefore, it is prudent to have a harem at my disposal, sort of like Hugh Hefner...LOL They get a thousand a week stipend, with fringe benefits. I can deal with that.

Now see? That's one way to decrease the divorce rate. The men must strive extremely hard to make fortunes as soon as possible. Believe me no arguments to divorce over, after that.

Think about it....you still spend money, so what's the difference....LOL

One way or another..you're paying for it!...LOL
I can just see the responses I'll get by females...LOL

Don't know if this will work, but if you appreciate a home with nice workmanship, look at this lovely cottage. The family room overlooking the deck and the pool and the 1.5 acre backyard has Mexican tile and beautiful windows. Crazy to even be writing about this. If I really bought a house on an island, it would make more sense to get a newer home build to newer codes for hurricanes. Anyway, if you are interested in my taste... love the large oak trees!

http://locountry.icoastalnet.com/property_detail.cfm?mlsid=2717681&whichsearch=residential

Justxploring. I just looked at the house from your link.

It looks like a crack house in Fort Myers...LOL

I think you can do much better winning 19 mil. Doesen't have to be a mansion.

Pac, did you look at the photos? It's gorgeous!! (BTW, why Fort Myers? 5 years ago the guys on the other side of me were dealing. Thank goodness they got arrested. They were so noisy!)

I still like that house. Well, we all have different tastes. That's why I like Asheville too. I love those homes built in 1914 or the old barns that have been converted into houses. After living in FL and seeing all the CBS homes, Pergo and the cookie cutter houses, I am longing to smell real wood!