The Real Deal Miami

Lauderdale mansion sells 2.6% below 2012 price

The winning bid at auction was $6.33 million, well off the $10 million ask in an earlier listing
August 06, 2016 02:30PM

828 Solar Isle Drive, Fort Lauderdale

828 Solar Isle Drive, Fort Lauderdale

Bruce Paddock, who made a fortune in pharmaceuticals, sold his waterfront house in Fort Lauderdale for $6.33 million, about 2.6 percent less than he paid in 2012.

TLM Venetian LLC was the winning bidder in an auction of Paddock’s pad in the Las Olas Isles community of Fort Lauderdale.

The house at 828 Solar Isle Drive has six bedrooms, a physical fitness room, three bars, a home theater and a wine room with storage for 2,000 bottles, according to Platinum Luxury Auctions, which conducted the auction of the house.

The auction was conducted after the property had been listed for sale with an asking price of $10 million.

In 2004, beer magnate Dick Yuengling built the Las Olas Isles residence, which spans almost 15,000 square feet. Paddock bought it in 2012 for $6.5 million.

Paddock in February spent $17.1 million for a Fort Lauderdale mansion with 13,000 square feet at 1831 Southeast 9 Street. [Sun-Sentinel] — Mike Seemuth