John C. Spyksma Acquires Waterfront Home At 529 Bontona Ave In Fort Lauderdale For $23.96M
529 Bontona Avenue
$23,955,000
$2,335/SF
Building Size
10,259 SF
Asset Type
Single Family
Closing
Mar 9, 2026
AI
A 10,259-square-foot waterfront home at 529 Bontona Ave. in Fort Lauderdale’s Las Olas Isles sold for $23.955 million. The asset spans 0.85 acres and is classified as a single-family residence.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $23,955,000
- Address: 529 Bontona Ave
- Market: Fort Lauderdale
- Square Footage: 10,259
- Price Per Square Foot: $2,335
- Buyer: John C. Spyksma
- Seller: James T. Bates - 3220 Warehouse Corp.
- Broker: Tim Elmes - Compass
Tim Elmes of Compass represented both the seller, 3220 Warehouse Corp. led by James T. Bates, and the buyer, John C. Spyksma, trustee of the John C. Spyksma Revocable Trust, in this transaction.
Players
Fort Lauderdale Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93