Updated Aug 17, 2026
Arlene Inch Of TransPak Inc Acquires Waterfront Mansion From Alon Steiger Of SteigerBuilt For $16M
1721 Southeast 11th Street
$16,000,000
$2,275/SF
Building Size
7,031 SF
Asset Type
Single Family
Closing
Aug 13, 2026
About this deal
AI
A trust led by TransPak chairwoman Arlene G. Inch acquired a waterfront mansion at 1721 Southeast 11th Street in Fort Lauderdale for $16 million. The property encompasses 7,031 square feet and is characterized by eight bedrooms, seven bathrooms, a pool, a dock, and an elevator among its luxury amenities.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $16,000,000
- Square Footage: 7,031
- Price Per Square Foot: $2,276
- Buyer: Arlene Inch - TransPak Inc
- Seller: Alon Steiger - SteigerBuilt
- Broker: Nicole Bentz - Florida Luxurious Properties
The three-story property was sold by Eleven Rio LLC, which is led by luxury homebuilder Alon Steiger. This transaction highlights the dealings between notable individuals and companies in the luxury real estate market. Arlene G. Inch's acquisition reflects the trust's strategic investment in high-end properties.
On the Map
$16,000,000
$2,275/SF
Single Family
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Seth 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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93