The Real Deal Miami

Sale of waterfront manse in Fort Lauderdale marks year’s priciest

The nearly 13,000 sf manse traded for about $1,550 psf
By Amanda Rabines | October 09, 2017 12:30PM

2400 Del Lago Drive

David Sokol, a former executive at Berkshire Hathaway, just dropped $19.9 million for a waterfront mansion in Fort Lauderdale, property records show. The sale marked the priciest residential sale of the year in Fort Lauderdale, according to Redfin.

Sokol bought the property through an Alaska-based entity, SKL Holdings LLC, led by Shamir and Karim Lalani. He bought the nearly 13,000-square-foot home at 2400 Del Lago Drive for about $1,550 per square foot. Records show the seller, Sands Management LLC, was listed as a trustee of the Land Trust No. 1800-1244A.

The seller bought the seven-bedroom and nine-and-a-half bathroom home in 2013 for a record $14.5 million. The total cost came to about $17.5 million including furnishings.

The home in the Harbor Beach development features his-and-her offices, a home theater, custom pool and a walk-in wine cellar. It hit the market in July for $29 million, meaning it sold about 30 percent off its asking price, according to online listings.

Karim Lalani and listing agent Tim Elmes of Coldwell Banker Residential Brokerage were not immediately available to comment.

The onetime top dog at Berkshire Hathaway, abruptly resigned from the company in 2011, after reportedly buying shares of Lubrizol a couple of days before suggesting Warren Buffett buy the company, according to Forbes.

Home sale prices have inched up in Fort Lauderdale – especially in the luxury market. In August, oil tycoon Michael Harrison Moore paid $5.6 million for a recently-built, waterfront home in Fort Lauderdale.

Last year, the late Stiles Corp. Chairman and CEO Terry Stiles paid $8.17 million, or about $1,000 per square foot for a waterfront mansion in Fort Lauderdale.

Correction: A previous version of this article stated the entity’s managers bought the property.

Harunobu Coryne contributed reporting.