Shimera Franzoni And Jeffrey Franzoni Acquire Waterfront Home In Fort Lauderdale For $17M
2572 Mercedes Drive
$17,000,000
$2,238/SF
Building Size
7,595 SF
Asset Type
Single Family
Closing
Feb 20, 2025
AI
The property asset involved in the transaction is a single-family home located at 2572 Mercedes Drive in Fort Lauderdale. The home spans 7,595 square feet and was sold for $17,000,000. It is situated on a 0.34-acre lot and features six bedrooms, a pool, and a dock, emphasizing its waterfront location. The home was built in 2023 and was originally listed for $16,000,000.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $17,000,000
- Address: 2572 Mercedes Drive
- Market: Fort Lauderdale
- Acres: 0.34
- Square Footage: 7,595
- Price per Square Foot: $2,238
- Buyer: Shimera Franzoni; Jeffrey Franzoni - Synergy Insurance Marketing
- Seller: Leonard Tarzia - Regency
- Buyer's Representative: Jeffrey Franzoni - Beachfront Realty
- Seller's Representative: Gregory Jaxtheimer - Florida Luxurious Properties
Key individuals in this transaction include the buyers, Shimera and Jeffrey Franzoni, who represent Synergy Insurance Marketing. Leonard Tarzia served as the seller and is associated with Regency. The buyer's interests were represented by Jeffrey Franzoni of Beachfront Realty, while the seller was represented by Gregory Jaxtheimer from Florida Luxurious Properties.
Players
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
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93