Blarney Castle Motel in Lauderdale sells for $3M

Miami /
May.May 29, 2016 10:00 AM

The Blarney Castle Motel near the southern entrance to Fort Lauderdale’s beachfront area sold for $3 million, part of a recent flurry of similar transactions.

Rustle Investment LLC in Hallandale Beach bought the 20-room motel for $180,000 per room, a price that reflects the property’s premium address, 3086 Harbor Drive.

The seller is GHJ LLC. The 65-year-old motel last changed hands in a $2.41 million sale in May 2015.

Other small lodging properties near Fort Lauderdale’s beach have been sold this year, too.

Another motel on Harbor Drive was sold last month: The new owner of the 40-room Sea Beach Plaza at 3081 Harbor Drive paid $5.75 million for the property.

In February, the 23-room Drift Hotel at 3005-07 Alhambra Street sold for $3.3 million, and a company linked to a Swedish developer named Par Sanda sold the redevelopment sites of three 1950s-vintage motels on Bayshore Drive. [Sun-Sentinel] — Mike Seemuth


Related Articles

arrow_forward_ios
Jean Francois Roy and renderings of the Fort Lauderdale project (OceanLand)
Jean Francois Roy plans bulk condo buyout to build multifamily project near downtown Fort Lauderdale
Jean Francois Roy plans bulk condo buyout to build multifamily project near downtown Fort Lauderdale
1007 West Prospect Road in Fort Lauderdale and 999 West Prospect Road in Oakland Park
Seattle investors buy Fort Lauderdale, Oakland Park apartment buildings for $7M
Seattle investors buy Fort Lauderdale, Oakland Park apartment buildings for $7M
Patrick Bet-David and (inset) Vince Virga with the property (Twitter)
Instagram dream home? Patrick Bet-David pays record $20M for waterfront mansion in Fort Lauderdale
Instagram dream home? Patrick Bet-David pays record $20M for waterfront mansion in Fort Lauderdale
Eindar Khant and 1529 Middle River Drive in Fort Lauderdale (Crunchbase, Tiffany on the Water)
Keep those bills coming: Medical billing honchos buy waterfront Fort Lauderdale spec home for $6M
Keep those bills coming: Medical billing honchos buy waterfront Fort Lauderdale spec home for $6M
Feldman Equities exec Larry Feldman and the Pinnacle Corporate Park office complex (Avison Young, iStock)
Feldman Equities buys Fort Lauderdale office complex for $59M
Feldman Equities buys Fort Lauderdale office complex for $59M
1601 Southeast 8th Street, Fort Lauderdale (VHT Virtuals 1 for ONE Sotheby's International Realty)
Former Rinker CEO sells waterfront home in Fort Lauderdale for $7M
Former Rinker CEO sells waterfront home in Fort Lauderdale for $7M
Baia Beach Club owners Michael Liebowitz, Perry Weitz and Russell Galbut. (Baia Beach Club via Facebook, Harbor Group Consulting, Weitz & Luxenberg)
The Weekly Dish: Perry Weitz buys into Mondrian South Beach, Lagniappe owner acquires Edgewater property & more
The Weekly Dish: Perry Weitz buys into Mondrian South Beach, Lagniappe owner acquires Edgewater property & more
Mesirow Financial Chair and CEO Richard Price with Elan 16Forty apartments at 1600-1700 East Sunrise Boulevard (Google Maps)
Mesirow buys Fort Lauderdale multifamily complex for $84M
Mesirow buys Fort Lauderdale multifamily complex for $84M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...