Updated Apr 9, 2026
Ruta T. Cooper Sells Waterfront Single Family Home At 26 Pelican Drive For $3.95M With Buyer's Rep Giulio Ndou Milano
26 Pelican Drive
$3,950,000
$1,806/SF
Building Size
2,187 SF
Asset Type
Single Family Residence
Closing
Jan 4, 2026
About this deal
AI
The property asset involved in this transaction is a single-family home located at 26 Pelican Drive within the Fort Lauderdale market. The property has a sale price of $3,950,000 and boasts a square footage of 2,187, translating to a price per square foot of $1,806.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $3,950,000
- Address: 26 Pelican Drive
- Market: Fort Lauderdale
- Square Footage: 2,187
- Price per Square Foot: $1,806
- Seller: Ruta T. Cooper
- Buyer's Representative: Giulio Milano - Compass
Giulio Milano, representing the buyer, noted that the lot is the most competitive and highly desirable in the Seven Isles, featuring 13,000 square feet of prime waterfront land, with advantageous attributes such as deep water access and an irreplaceable location that supports a Las Olas lifestyle.
Players
Fort Lauderdale Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.8K per square foot on a published $4M for 2,187 square feet (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.02%
Cash-on-Cash
-1.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93