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Tom & Irene Creece Purchase Single Family Home From Patrick & Lori Ledford For $9.25M

Property Image
SOLD
$9,250,000
Kyle Gonzales
Megan Romine

Florida

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Single Family Residence6,200 SF
Sold 07/07/2025
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Property Image
SOLD

Tom & Irene Creece Purchase Single Family Home From Patrick & Lori Ledford For $9.25M

144 Northeast 20th Avenue

See Similar Deals
Single Family Residence6,200 SF
Sold 07/07/2025
Kyle Gonzales
Megan Romine
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,491
Total Square Footage:6,200 SF
Transaction Type:Sale

A single-family property located at 144 Fiesta Way in Fort Lauderdale was sold for a total of $9,250,000. The property features a spacious area of 6,200 square feet and has a price per square foot of $1,491.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $9,250,000
  • Address: 144 Fiesta Way
  • Market: Fort Lauderdale
  • Square Footage: 6,200
  • Price Per Square Foot: $1,491
  • Buyer: Tom & Irene Creece
  • Seller: Patrick & Lori Ledford
  • Brokers: Kyle Gonzales & Megan Romine - Douglas Elliman

Kyle Gonzales and Megan Romine represented the sellers, Patrick and Lori Ledford, in this transaction, facilitating the sale of the property to buyers Tom and Irene Creece.

Players

Kyle Gonzales
Douglas Elliman
Kyle Gonzales
1 deal$9.3M volume(954) 874-0740
BROKER
Megan Romine
Douglas Elliman
Megan Romine
1 deal$9.3M volume(954) 294-9968
BROKER
Douglas Elliman
Douglas Elliman
BROKERAGE

Details

SOLD
IMAGE: Kyle Gonzales & Megan Romine DATE: 07/07/2025 ADDRESS: 144 Fiesta Way MARKET: Fort Lauderdale ASSET TYPE: Single Family BUYER: Tom & Irene Creece SELLER: Patrick & Lori Ledford BROKERS: Kyle Gonzales (@Love.kjg) & Megan Romine (@MermaidRealtor) - Douglas Elliman (@DouglasElliman) SALE PRICE: $9,250,000 SF: 6,200 ~ PPSF: $1,491

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$493,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$32,863.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,849.72
Annual Debt Service$526,196.63