Fort Lauderdale’s Party Palace Hits Market at $39M Amid Luxury Real Estate Boom​

Key Points

• Villa de Palma, a 15,000 sq. ft. waterfront estate in Fort Lauderdale, is listed for $39 million.

• Features include 8 bars, 2 pools, and a rooftop lounge dubbed Tequila Tower.

• The listing follows a record $70M sale in Fort Lauderdale, highlighting the city's luxury market surge.​

Fort Lauderdale’s Entertainer’s Dream Lists for $39M

Villa de Palma, a Mediterranean-style mansion known for its extravagant parties, has been listed for $39 million. Owned by retired businessman Steve Savor, the estate boasts unique features like multiple bars and themed relaxation rooms.​

Inside Villa de Palma

• Size & Style: Approximately 15,000 sq. ft., Mediterranean design.

• Entertainment Features:

  • 8 distinct bar areas, including one inspired by Hotel du Cap-Eden-Roc.

  • Rooftop lounge named Tequila Tower.

  • 2 large outdoor pools.

• Unique Rooms:

  • Sahara Lounge, modeled after the Moroccan room at the Versace Mansion.

  • Office with a world map ceiling.

• Primary Suite: Features a round bed on a raised platform.

• Dockage: Accommodates up to 3 yachts, including Savor's 126-foot yacht, Savoir-Faire.

About the Owner: Steve Savor

• Background: Former CEO of Com-Net Ericsson, retired at 39.

• Lifestyle: Known for hosting lavish themed parties, including a “Barbie”-themed gala.

• Property Development: Purchased the main house in 2002 for about $1.85 million and expanded the estate over two decades.

• Notable Events: Celebrated the demolition of a neighboring property with an “Animal House”-style toga party.​

Fort Lauderdale's Luxury Market on the Rise

The listing of Villa de Palma comes amid a surge in Fort Lauderdale's luxury real estate market. Notably, a waterfront estate recently sold for a record $70 million, underscoring the city's growing appeal to affluent buyers seeking alternatives to Miami and Palm Beach.​

Fort Lauderdale Remains Hot

Villa de Palma's $39 million listing exemplifies Fort Lauderdale's transformation into a hotspot for luxury real estate, attracting high-net-worth individuals with its unique properties and vibrant lifestyle. As the market continues to flourish, estates like this highlight the city's evolving identity.