Timeshare execs pay $6.4M for waterfront mansion in Fort Lauderdale

The 10,274 sf mansion traded for about $623 psf

Sep.September 20, 2017 02:15 PM

2506 Barcelona Drive (Credit: Redfin)

Shyla and Eric Cline, founders and executives at a Rockford, Illinois-based timeshare exit company, just paid $6.4 million for a new waterfront spec mansion in Fort Lauderdale, property records show.

The 10,274-square-foot mansion at 2506 Barcelona Drive traded for about $623 per square foot. Records show the property was sold by a Fort Lauderdale-based company called Wayne Investments, led by Fiorenna and Aldo Israel.

Aldo Israel is a real estate developer who operates through his company Premier Home Builders, which builds luxury houses in South Florida. The homebuilder paid $1.6 million for the 13,933-square-foot lot in 2015, and started construction a year later, records show.

It hit the market last year in August with an asking price of $8.9 million, according to online listings. The home sold for a 40 percent discount off its original asking price, which was later reduced to $7.9 million.

The new, two-story, seven-bedroom and seven bathroom mansion features multicolored ceiling cove lights, marble and wood floors, a pool and a dock with views of the Intracoastal Waterway in the Seven Isles section of Fort Lauderdale.

Florida Panthers’ Aaron Ekblad recently paid $5.7 million for a nearby home. The three-story modern-designed house in Fort Lauderdale’s Las Olas Isles was also recently built.

Related Article


Former Miami mayor Maurice Ferré dies, banks seek to revise Adam Neumann’s credit line: Daily digest

Jeffrey Soffer taps ex-Turnberry CEO to lead resi division, PMG and Greybrook big loan for co-living tower: Daily digest

Greg Pinkalla and ORA Flagler Village Apartments (Credit: Google Maps)

Fairfield Residential sells new Flagler Village apartments for $92M

Clockwise from left: Jason Hochman, Dominic Montazemi, Miguel Alcivar, Michael Ciadella, and Scott O’Donnell with 2601 Building

Netz USA sells Fort Lauderdale office building to NAI/Merin fund

Douglas K. Mandel, Elon D. Gerberg, Howard Bregman and Joseph Granteed

Elysee Investments scores Fort Lauderdale retail center for $16M

Julie Jones-Bernard and 19 Isla Bahia Drive (Credit: Pintrest)

SoFla insurance magnate sells waterfront Fort Lauderdale home for $8M

$634M public-private partnership proposed in Dania Beach, buyer at luxury condo project in Pompano Beach sues developer: Daily digest

2506 Barcelona Drive, Michelle Esposito of Douglas Elliman, Tim Elmes of Coldwell Banker

Troubled timeshare exit firm’s execs sell Fort Lauderdale spec home