search

The Real Deal Logo

Trending

Brad Pitt to unload historic home in Los Feliz for $40MBrad Pitt to unload historic home in Los Feliz for $40MRoscoe Village sellers first to try removing buyer agent commission Roscoe Village sellers first to try removing buyer agent commission Whole new world: How NYC values 421a, 485x sites nowWhole new world: How NYC values 421a, 485x sites nowThe WeWork deal: What was Yardi thinking?The WeWork deal: What was Yardi thinking?
Popular
South Florida

FedEx Express president sells waterfront Fort Lauderdale home

Solar equipment supplier paid $1,300 psf for the Harbor Beach home

1300 West Lake Drive and David L. Cunningham, Jr. (Credit: FedEx Express and Realtor.com)
1300 West Lake Drive and David L. Cunningham, Jr. (Credit: FedEx Express and Realtor.com)

David Cunningham Jr. absolutely, positively just sold his waterfront home in Fort Lauderdale.

Cunningham, president and CEO of Fedex Express, sold the 4,800-square-foot home at 1300 West Lake Drive for $6.2 million, or about $1,300 per square foot, according to property records. José M. Tamayo, president and CEO of the Panama City-based solar energy equipment supplier, LS Energia, is the buyer.

In the U.S., Tamayo’s company has its headquarters in Plantation. It also has offices in Venezuela and Dominican Republic.

Sign Up for the undefined Newsletter

Cunningham paid about $4.1 million for the five-bedroom house in 2010, records show. It was built in 1957 on a 26,150-square-foot lot with 300 feet of water frontage. The property, renovated in the 1970s, comes with a covered loggia, pool and two-car garage.

Peter Barkin of Coldwell Banker represented the Fedex executive. The house hit the market in October for $7.5 million, according to Realtor.com.

The Fort Lauderdale home is in the Harbor Beach neighborhood, one of the priciest in the county. Nearby, a mansion at 9 Isle Drive is on the market for $39 million.

Tags
Fort Lauderdale