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CrossCountry Mortgage Sells Fort Lauderdale Waterfront Mansion For $30M

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SOLD
$30,000,000

Florida

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Single Family9,451 SF
Sold 09/19/2023
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Property Image
SOLD

CrossCountry Mortgage Sells Fort Lauderdale Waterfront Mansion For $30M

2412 Laguna Drive

See Similar Deals
Single Family9,451 SF
Sold 09/19/2023
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$3,174
Total Square Footage:9,451 SF
Transaction Type:Sale

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
83 deals$1.7B volume(305) 400-9507
BROKER


3 deals$68.8M volume
SELLER

Details

SOLD
IMAGE: Ronald J. Leonhardt Jr. & Chad Carroll DATE: 09/19/2023 ADDRESS: 2412 Laguna Drive MARKET: Fort Lauderdale ASSET TYPE: Single Family ~ ACRES: 0.34 BUYER: 2412 Laguna Holdings SELLER: Ronald J. Leonhardt Jr. - CrossCountry Mortgage (@crosscountrymtg) BROKER: Chad Carroll (@ChadCarroll) - Compass (@compass) SALE PRICE: $30,000,000 SF: 9,451 ~ PPSF: $3,174 NOTE: CrossCountry Mortgage CEO Ronald J. Leonhardt Jr.'s company sold a Fort Lauderdale waterfront mansion for $30 million, showcasing a 30% value increase in two years. The mansion, located in Harbor Beach, boasts six bedrooms, seven bathrooms, and various luxury amenities, underscoring the strong demand in Broward County's upscale housing market due to an influx of affluent residents.

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

$1,600,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$106,583.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$142,215.31
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