Updated Oct 28, 2024
Edward Rudiger Jr Acquires Condo In Fort Lauderdale From Casa Murano For $19.8M
141 Isle of Venice Drive, Fort Lauderdale, Florida 33301, United States
$19,800,000
$793/SF
Building Size
24,965 SF
Asset Type
Single Family Residence
Closing
Feb 27, 2022
About this deal
AI
Casa Murano, located at 141 Isle Of Venice Drive in Fort Lauderdale, has been sold for a price of $19,800,000. The luxury waterfront boutique building offers 5 stories and only 8 residences. Each floor of the building features 2 flow-through residences with over 3100 square feet of living space, overlooking the Rio Grande Canal. The private rooftop terraces are equipped with a Mia Cucina summer kitchen, Wolf and Sub Zero appliances, and a personal hot tub. Casa Murano also offers 8 private boat slips for vessels up to 50 feet, providing convenient ocean access. The completion of this project is expected in the second quarter of 2023.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $19,800,000
- Address: 141 Isle Of Venice Drive, Fort Lauderdale
- Market: Fort Lauderdale
The buyer of Casa Murano is Edward Rudiger Jr, while the seller is Casa Murano itself. The brokers involved in the transaction are Ana M. Uribe and Maria Scarola from RelatedISG Realty.
For more information about this property, interested parties can contact Maria Scarola, the Director of Sales, at 1.561.358.0832 or via her Instagram account @mariascarolaproperties. They can also reach out to Ana M. Uribe, a Sales Executive, at 1.561.445.7163 or through her Instagram account @AnaUrealtor. The deal was facilitated by RelatedISG Realty.
Players
Fort Lauderdale Single Family Residence Market Snapshot
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Deal FAQ
About $793 per square foot on a published $19.8M for 24,965 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.80%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93