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141 Isle of Venice Drive, F...

Updated Oct 28, 2024

Edward Rudiger Jr Acquires Condo In Fort Lauderdale From Casa Murano For $19.8M
SOLDSingle Family Residence

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

Ana M. Uribe

Broker

$23.3M

vol

2 deals

Broker

Fort Lauderdale Single Family Residence Market Snapshot

Boundary boundary ยท Single Family Residence ยท Sale transactions

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Deal FAQ

Edward Rudiger Jr bought a home in Fort Lauderdale for $19.8M in 2022. The full closing is on this page.

About $793 per square foot on a published $19.8M for 24,965 square feet (2022).

Visit Maria Scarola to view all their deals.

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

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