The Real Deal Miami

Waterfront estate in Fort Lauderdale sells for $5.3M

Home last sold for $700,000 in 1992

May 06, 2015 02:15PM
By Sean Stewart-Muniz

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The estate at 833 Idlewyld Drive in Fort Lauderdale

The estate at 833 Idlewyld Drive in Fort Lauderdale

A waterfront residence in the Idlewyld neighborhood of Fort Lauderdale was just sold for $5.3 million to a land trust, according to a deed recorded in Broward County on Tuesday. 

The home, at 833 Idlewyld Drive, was first built in 1985. Its listing describes it as a Key West-inspired estate, with a large garden shrouding its quarter-acre property and a sea foam paint job on its exterior.

The estate has 325 feet of frontage on the Intracoastal Waterway, and its dock has been dredged to 10 feet, which means a large yacht would have no trouble saddling up to the house, property records show.

It was last purchased by Joseph Piccirilli and his then-wife Nina Piccirilli. The couple paid $700,000 for the property in 1992 and set to work renovating it, finishing in 1994.

Piccirilli divorced his wife and transferred the home’s title to himself in 2006, and put it up for sale a year later for $7.5 million, according to Broward County property records.

He renovated the estate again in 2008 and raised the ask to $10 million. Its price dropped several times over the years, and it hopped on and off the market three times before finally closing.

Now, Joseph and his wife Ingrid Piccirilli sold the home to Land Trust No. 1. Julie Jones Bernard of Florida Luxurious Properties was the listing agent.