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3750 Rum Row sells for $17.7 million

A newly built waterfront estate in exclusive Port Royal has set a record as the most expensive home to sell in Naples this year.

The waterfront home at 3750 Rum Row fetched $17.7 million, eclipsing last year's most lucrative sale made through the Naples Area Board of Realtors' Multiple Listing Service.

Read more: 3750 Rum Row sells for $17.7 million