Bay Colony home sets price-per-square-foot record

Newly constructed Fort Lauderdale property sold for $625 psf

Jul.July 17, 2015 06:00 PM

A newly constructed home in Fort Lauderdale’s Bay Colony has just sold for $5 million, marking the highest price per square foot in the neighborhood, The Real Deal has learned.

The 8,000 square-foot home at 80 Compass Lane, on the Intracoastal, sold for $625 per square foot.

Gilles Rais, of the Gilles Rais Fine Homes Team with Coldwell Banker Residential Real Estate’s Las Olas office, had the listing. The buyer was not disclosed, and the sale has not yet hit property records.

The site was last purchased for $1.35 million in 2004 by H&H Partners LLP, led by builder Harry Hollub, according to public records.

The contemporary home, built by Hollub Homes, has five bedrooms, five-and-one-half-bathrooms, with a 103-foot concrete dock and direct ocean access. The home includes a 400-bottle wine room, a 50-foot salt water pool with tanning ledge, summer kitchen, elevator and three-car garage.

Additional features of the home include a floating stainless steel and glass staircase, marble and solid walnut floors, chef’s kitchen with Wolf and Sub Zero appliances, custom millwork and stained cypress wood ceilings in the outdoor areas and smart home technology.

Bay Colony provides 24-hour guard gate and security patrol, is less than a mile to the beach, and near golf courses, tennis and yacht clubs.

“This is not just a top dollar closing in a strong market, it’s also a clear indicator of the direction of Fort Lauderdale luxury real estate in both style and price,” Rais said in a statement.  — Ina Cordle

Related Articles

Bernard Zyscovich over the site of the county’s bus terminal on Broward Boulevard (Credit: Google Maps)

Broward awards design contract for Fort Lauderdale government center

Madison Realty Capital'a Josh Zegen and Fort Partners' Nadim Ashi  

Four Seasons in Fort Lauderdale scores $210M loan

Daily Digest Miami

Griffin gets biggest tax bill in Palm Beach, late billionaire’s islands hit the market for $30M

From left: Joseph P. Thomas and Scott Havericak, with 3001 N. Federal Highway (Credit: Google Maps)

Shuttered hotel in Fort Lauderdale sells for $10M

Noah Bachow and a rendering of Flagler Creative

Fort Lauderdale urges redesign of Flagler Village project with co-living

Dean Trantalis, Ken Valach, and a Alexan Tarpon River rendering

Fort Lauderdale scores victory in legal battle against Trammell Crow

Daily Digest Miami

Construction worker killed in Hallandale electrocution, developer under contract for site near Fort Lauderdale Brightline

Rendering of Bodega Taqueria y Tequila, Keith Menin and Jared Galbut

Menin Hospitality’s Bodega is expanding to Fort Lauderdale