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2412 Laguna Drive

CrossCountry Mortgage Sells Fort Lauderdale Waterfront Mansion For $30M
SOLDSingle Family

CrossCountry Mortgage Sells Fort Lauderdale Waterfront Mansion For $30M

2412 Laguna Drive

$30,000,000

$3,174/SF

Building Size

9,451 SF

Asset Type

Single Family

Closing

Sep 19, 2023

AI

A Fort Lauderdale waterfront mansion located in Harbor Beach has been sold for $30 million, representing a remarkable 30% increase in value in just two years. The stunning property boasts six bedrooms, seven bathrooms, and a range of luxurious amenities. Situated on a 0.34-acre lot, the single-family home spans approximately 9,451 square feet, offering ample space and comfort. This sale highlights the strong demand in Broward County's upscale housing market, which has experienced a surge in affluent residents.

Summary of transation details

  • Property Type: Single Family
  • Transaction Amount: $30,000,000
  • Address: 2412 Laguna Drive, Fort Lauderdale
  • Market: Fort Lauderdale
  • ACRES: 0.34

The buyer of the property, 2412 Laguna Holdings, acquired this spectacular mansion, while the seller, Ronald J. Leonhardt Jr., represented CrossCountry Mortgage. Chad Carroll, a broker from Compass, played a pivotal role in facilitating the transaction. The involvement of these key individuals and companies speaks to the expertise and reputation of those involved in the deal. With its significant value appreciation and exclusive features, this sale exemplifies the thriving luxury real estate market in Broward County.

Players

Chad Carroll

Compass

Broker

$1.8B

vol

90 deals

Broker

Ronald J. Leonhardt, Jr.

Seller

$68.8M

vol

3 deals

Seller

Fort Lauderdale Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.53%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93