Hey, Florida! If you’ve been keeping an eye on the luxury real estate market, get ready for some jaw-dropping news. A stunning mansion in the city just sold for a whopping $70 million, setting a record for the most expensive sale in Fort Lauderdale’s history. And here’s the kicker—most of it is going to be torn down to make way for an even more modern mansion.
Photo byCOMPASS FLORIDA
The Big Sale
The massive 22,048-square-foot estate was sold by S. Donald Sussman, the founder and chief investment officer of Paloma Partners, and his wife, Michelle Howland. The property, located on 2.7 acres with over 1,035 feet along the waterfront, was purchased by 5 Harborage LLC, a Delaware-registered company tied to Bomar Builders in Deerfield Beach.
The deal was brokered by Tim Elmes of the Elmes Group at Compass Florida for the buyer, while Howland represented the seller. Elmes has quite the history with this mansion, having brokered its sale six times since 1990.
“We are thrilled to have been involved in these record transactions over the years,” Elmes said. “This home is truly one-of-a-kind, offering unparalleled luxury and privacy.”