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Still need a Christmas gift? Best Buy founder's Bonita Springs mansion is on the market for $5.5M

Andrew Wigdor, Naples Daily NewsPublished 9:00 a.m. ET Dec. 16, 2019 | Updated 9:00 a.m. ET Dec. 16, 2019

A look at Best Buy founder Richard Schulze's Bonita Springs mansion

Still in need of a Christmas gift for that special someone? The Bonita Springs mansion owned by Best Buy founder Richard Schulze is on the market for $5,495,000. 

The 14,363-square-foot home at 26331 Woodlyn Drive in Bonita Bay is being listed by Bill Earls and Larry Lappin of John R. Wood Properties. Covering 1.23 acres, it is one of the most lavish homes in Bonita Bay, a gated community with a private beach club, marina and golf courses. 

Schulze is a St. Paul, Minnesota, native who founded the electronics titan in 1966 and served as its CEO from 1983 to 2002.

First dubbed "The Sound of Music," the company's name was later changed to Best Buy after it expanded to six stores in Minnesota by 1983, according to the Richard M. Schulze Foundation's website. Schulze's net worth currently sits at $4.3 billion, according to Forbes

Schulze built the Bonita Bay home in 2000 at a cost of $9 million, stated a news release from REX Real Estate, which is assisting in promoting and marketing the property. 

“My family and I have called Bonita Springs home for nearly 20 years," Schulze said in an emailed statement. "We designed this custom home for our large family as an idyllic retreat that offers a little something for everyone." 

Schulze said he eventually decided to give up the home because he wanted more room for his growing family. 

"I have to admit, it’s a little bittersweet to say goodbye to such an amazing home where countless memories were created entertaining our children and grandchildren until the family became too large for our long-standing residence," he said in the statement. "With three times the grandchildren now, we plan to relocate to a larger home that can accommodate our growing family and plan on staying in the Bonita Springs community." 

The REX news release stated that Schulze now has 10 children and 33 grandchildren.

"It worked for him a long time," Earls said. "He wanted to try a little different flavor, if you will, a different product."

Earls said that Schulze purchased land in the exclusive Port Royal neighborhood several years ago and has built one of the "substantial estates" on the street for his new home. 

A 2013 Naples Daily News article states that Schulze purchased land that year on Gordon Drive under a trust for $30 million with plans to build a new home.

"He wanted to stay nearby because he loves this area," Earls said. "Bonita Bay has been a fantastic community for him. He's a golfer. He loves that community. It was just time for him to do a Gordon Drive beachfront estate."

While Schulze may have outgrown the property, it should hold many large families. The home features seven bedrooms, 12-person children’s bunk room, a study, theater room, game room, billiards room and pool. It is currently the fifth highest-priced listing in Bonita Springs. 

"It is not like any of the other homes in Bonita Bay," Earls said. "It's really, truly a standout property both in size and grandeur."

Earls added that Bonita Bay is a "magnificent golf course community" with multiple, "world-class" courses. The community also includes 18 tennis courts and a 10,000-square-foot fitness center and spa. 

"The opportunities for entertaining and accommodating a large family are unsurpassed in Bonita Bay," Earls said.

Reach Andrew Wigdor at awigdor@gannett.com and on Twitter @andrew_wigdor

 

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 12/03/2022. The listing information on this page last changed on 12/03/2022. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Fort Myers (last updated Sat 12/03/2022 10:00:17 AM EST) or Naples MLS (last updated Sat 12/03/2022 10:00:27 AM EST) or Bonita Springs MLS (last updated Sat 12/03/2022 10:02:13 AM EST) or MIAAR MLS (last updated Sat 12/03/2022 9:19:13 AM EST). Real estate listings held by brokerage firms other than John R. Wood Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved. --

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