The Real Deal Miami

Kentucky’s Wells family sells Fort Lauderdale teardown for $7M

18,300 sf lot sold for $394 per square foot
By Katherine Kallergis | December 28, 2016 12:45PM

2812 North Atlantic Boulevard in Fort Lauderdale

The owners of a real estate company and lead donors of a Kentucky hospice center sold their beachfront Fort Lauderdale home for $7.2 million.

Records show Noreen and Greg Wells sold the teardown at 2812 North Atlantic Boulevard to DS Paraiso LLC, a Miami-based company controlled by attorney Kevin F. Kline.

The Wellses gave the lead gift for the Greg and Noreen Wells Hospice Care Center in Hazard, Kentucky in 2011, according to the facility’s website. Noreen is also the owner of Mountain Properties, a company also based in Hazard. Greg Wells shares his name with a healthcare industry executive in Owensboro, Kentucky, but it’s unclear if they are the same person.

The couple put their Fort Lauderdale home on the market in October for nearly $7.5 million and marketed it as a land opportunity, according to Realtor.com. Julie Jones-Bernard of Florida Luxurious Properties was the listing agent for the 18,272-square-foot lot, which sold for $394 a foot.

Built in 1959, the four-bedroom home spans 3,566 square feet, property records show. The sellers paid nearly $3.7 million for the house in 2010.

The property is north of new condo and hotel development along Atlantic Boulevard that includes Auberge Beach Residences & Spa, and, farther south, Paramount Fort Lauderdale Beach and the Gale South Beach.