Stiles Corp. CEO Terry Stiles pays $8M for waterfront Fort Lauderdale home

The real estate exec will step down from CEO role next year and stay on as chairman

Nov.November 28, 2016 11:20 AM
1776 Southeast 10th Street in Fort Lauderdale. Inset: Terry Stiles

1776 Southeast 10th Street in Fort Lauderdale. Inset: Terry Stiles

Stiles Corp. Chairman and CEO Terry Stiles and his wife Jamie Stiles paid $8.17 million for a waterfront Fort Lauderdale mansion.

Records show John F. Tenaglia sold the seven-bedroom, 8,238-square-foot home at 1776 Southeast 10th Street to the Stiles family for just less than $1,000 a foot. The couple financed the deal with a $4.9 million mortgage from UBS Bank.

Stiles announced last year that Terry Stiles would be stepping down from his CEO role with his son Ken Stiles taking his place.

The Stiles’ new home has been on and off the market since 2012 when it was listed for $12.9 million. Its asking price was reduced from $11.5 million to $10.25 million in April, according to

It was built in 2001 and sits on corner 0.43-acre lot that fronts the Intracoastal Waterway. The Mediterranean-style estate has a pool, fountain and 300 feet of water frontage. The property last sold for $2 million in 1998.

The house is near the new home of Bruce Paddock, a pharmaceutical entrepreneur and millionaire, who paid $17.2 million or $1,320 per square foot for the property at 1831 Southeast Ninth Street. 

Stiles, based in Fort Lauderdale, has offices in Miami, Fort Myers, Tampa, Orlando and Charlotte, North Carolina. Terry Stiles, who will remain chairman, has led the company for about 45 years. Stiles’ South Florida developments have included The Pointe in Palm Beach Gardens, Biscayne18 in Miami and Coral Landings in Coral Springs and Margate.

Related Articles

Ken Stiles and The Westerra development site in Sunrise (Credit: Stiles Corp.)

Stiles sells site of planned Sunrise mixed-use project

La Social’s original location at 7601 Biscayne Boulevard (Credit: Google Maps)

The Weekly Dish: La Social to open in downtown Miami, Salt & Straw is going to Wynwood 25 & more

Daily Digest Miami

Rise in climate-related home buyouts could worsen housing inequality, Eurostars parent buys historic downtown Miami property: Daily digest

From left: Adam Rubin, Farin Milligan, Nicholas Chatman, Tim Elmes, Addison Ruff, Mike Herstik and Niki Michopoulos

Compass poaches Tim Elmes of Coldwell Banker

Charlie Kushner and Laurent Morali over Fort Lauderdale site (Credit: Google Maps)

Kushner goes to Broward, buying site near Fort Lauderdale train station

One Financial Plaza with Clay Hamlin III and Jay Shidler of Alliance HSP (Credit: Google Maps)

Alliance buys One Financial Plaza in downtown Fort Lauderdale

From left: Edward Romo, Ryan T. Shaw and Scott C. Sandelin and the property

Assemblage in downtown Fort Lauderdale selling for $12M

Fort Lauderdale site of planned Riverparc Square sells