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Location: Naples, Fla.
The Skinny: Built in 1926 by legendary resort architect Addison Mizner, who designed many of Florida's finest Jazz Age estates, this waterfront spread in Naples, Fla. has been remarkably well preserved—and updated—in the intervening 85 years. It most recently underwent a massive two-year renovation that wrapped in 2007, rendering the classic estate a worthy competitor to its more modern local rivals. Plus, with the 1.5-acre lot, it is possible that another mansion could be built on the property, offsetting the massive cost but spoiling the original splendor. With five bedrooms, four baths, and nearly 7,500 square feet of living space, this should be enough house for just about anyone, even someone paying $28M for their mansion.
· 670 S Gulf Shore Blvd [Coldwell Banker]