Donald Sussman Sells Waterfront Mansion At 5 Harborage Drive Fort Lauderdale For $70M

The property involved in this transaction is a single-family home located at 5 Harborage Drive in Fort Lauderdale. It has a total acreage of 2.7 acres and features a substantial square footage of 20,000. The sale price for the property was $70,000,000, resulting in a price per square foot of $3,500. The mansion includes 1,035 feet of water frontage.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $70,000,000
• Address: 5 Harborage Drive
• Market: Fort Lauderdale
• Square Footage: 20,000
• Price Per Square Foot: $3,500
• Seller: Donald Sussman - Paloma Partners Management Company
• Buyer's Intended Plans: Demolish the main house and build a new one

The transaction was facilitated by brokers Michelle Howland and Tim Elmes from Compass. Donald Sussman set a Fort Lauderdale record with this sale, having acquired the property for $27.5M in 2016 and initially listed it for $98M.