The property involved in this transaction is a single-family residence located at 2900 Northeast 37th Street in Fort Lauderdale. The asset, which spans 17,812 square feet and sits on 1.09 acres, features a total of 9 bedrooms and 15 bathrooms. The sale price was $27,375,000, equating to a price per square foot of $1,537. The estate boasts waterfront access with 665 feet of water frontage.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $27,375,000
• Address: 2900 Northeast 37th Street
• Market: Fort Lauderdale
• Buyer: Michael Andretti & Jodi Ann Andretti
• Seller: Patrick K. Willis
• Buyer's Representative: RJ Spadaro - Realty 100 Associates Inc
• Seller's Representative: Karson Dietrich - Premier Estate Properties
• Square Footage: 17,812
• Price per Square Foot: $1,537
• Acres: 1.09
• Waterfront Footage: 665 feet

Michael Andretti and Jodi Ann Andretti acquired the estate from seller Patrick K. Willis. The transaction was facilitated by RJ Spadaro representing the buyers and Karson Dietrich representing the seller. This property sold for 30% below its original asking price of $39 million, marking one of the largest sales in Fort Lauderdale over the past year.