Ex-foreclosure king lists Fort Lauderdale manse for $32M

Miami /
Sep.September 11, 2015 11:15 AM

Florida’s ex-foreclosure king David J. Stern and his wife Jeanine have listed their waterfront mansion in Fort Lauderdale’s Harbor Beach —  for $32 million, The Real Deal has learned. 

The corner 60,000-square-foot lot along the Intracoastal features 505 feet of water frontage, which can fit up to a 300-foot megayacht, Dennis Stevick of DND Associates of ONE Sotheby’s told TRD. Stevick along with his partners Dale Atkins and Michelle Sorrentino are listing the property at 5 Harborage Isle Drive.

The Sterns paid an undisclosed amount for the 17,037-square-foot estate in 2009, according to Broward County property records. David Stern was disbarred by the Florida Supreme Court in 2014 for misconduct. At one point, his firm handled nearly as 118,000 cases, according to published reports. Earlier this year, he was hit with a $2 million lawsuit over unpaid services from a Miami-based process service company.

Their mansion includes six bedrooms, seven bathrooms and two half-baths. The home, which is divided into two wings, also features double staircases, a rotunda ceiling and marble and Brazilian walnut floors. Amenities include a home theater, gym, gourmet kitchen, study, five fireplaces, tennis court, cabana and an infinity pool. It was completed in 2007, according to property records.

The DND Associates team is targeting potential buyers such as wealth managers and is marketing the estate in Asia, California and New England, Stevick told TRD.


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