Wrigley heir sells newly built Fort Lauderdale home for $7.25M

Waterfront home sold for a 19% discount off its original asking price

TRD MIAMI /
Apr.April 10, 2017 10:40 AM

655 Middle River Drive in Fort Lauderdale

An heir to the Wrigley chewing gum company sold a waterfront Fort Lauderdale home for a sweet $7.25 million, property records show.

James S. Offield’s trust sold the 7,707-square-foot home to Sunset River Estate Limited Partnership, a Quebec, Canada-based entity. Offield is the great-grandson of William Wrigley Jr., who founded his eponymous company in 1891.

The modern home, at 655 Middle River Drive, features five bedroom suites, a chef’s kitchen with a walk-in cooler, two garages that fit five cars, a pool and 70-foot dock. Don Colonello of Douglas Elliman was the listing agent and Thom Fox of Century 21 Universal Luxury represented the buyer.

Records show Offield paid $4.67 million for the 13,642-square-foot property in 2014.

Colonello, who declined to comment on the seller’s identity, said his client received a certificate of occupancy for the house about a year ago. It hit the market in August for $9 million, then was reduced to $7.75 million in December before it went under contract about a month later. That means it sold at a 19 percent discount off of its original asking price.

It traded hands for $940 per square foot.

Colonello said the deal is the fifth-highest home sale in Broward County this year. In February, a similarly sized home at 701 Middle River Drive sold for $7.35 million, or just over $1,000 per square foot. And about a month ago, the waterfront house at 2501 Aqua Vista Boulevard traded, near rapper Rick Ross’s former mansion, for $9 million or $1,456 per square foot, according to Redfin.


Related Articles

arrow_forward_ios
Atria Willow Wood

SoFla senior housing developers brace for coronavirus impact

Mayor Dean Trantalis (Credit: Larry Marano/Getty Images)

Restaurants, bars and gyms to shut down immediately in Fort Lauderdale

Gov’t Meetings Canceled or Moved Online Due To Coronavirus (Credit: iStock)

Miami, Miami Beach and Fort Lauderdale cancel city meetings

Coronavirus closures hit South Florida restaurants and stores

Coronavirus closures hit South Florida restaurants and stores

Howard Wurzak’s development firm is suing over delays and defects at the double branded Dalmar and Element hotel

Fort Lauderdale hotel developer sues Tutor Perini, seeking nearly $12M for alleged delays, defects

Joseph P. Thomas, Adam Duncan and Tyler Carbonelli with the Fort Lauderdale properties

California investors buy multifamily portfolio in Fort Lauderdale

Scott Antoniak, Chief Executive Officer of Slate Office REIT, 5900 North Andrews Avenue (Credit: Google Maps)

Toronto REIT to buy Cypress Creek office building for $46M

Cushman & Wakefield’s Scott O’Donnell, Greg Miller, Dominic Montazemi and Miguel Alcivar, with 12 Southeast 7th Street (Credit: Google Maps)

Fort Lauderdale office tower sells for $18M

arrow_forward_ios
Loading...