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

18,300 sf lot sold for $394 per square foot

TRD MIAMI /
Dec.December 28, 2016 12:45 PM

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.


Related Articles

arrow_forward_ios
Nick Bosa and a rendering of 30 Thirty North Ocean (Credit: Getty Images)

NFL player buys Fort Lauderdale Beach condo

Pierre Heafey, Heafey Group CEO and the Conrad Hotel (Credit: Booking)

Owner of troubled Fort Lauderdale hotel scores $63M refi

New owners of embattled Fort Lauderdale hotel score $52M loan

Related Companies scores $140M refi for W Fort Lauderdale

Developer Dan Deitchman buys oceanfront lot in Fort Lauderdale Beach

Retail roundup: Trésor to open at Merrick Manor, The Gym bulks up in Fort Lauderdale Beach & more

Son of Salmar Properties founder buys penthouse at Auberge Beach

Bankruptcy court finally approves sale of Fort Lauderdale hotel project

arrow_forward_ios