Reno real estate magnate buys Fort Lauderdale Beach estate

UPDATED March 7, 5:15 p.m.: A Reno, Nevada real estate magnate bought a waterfront estate in Fort Lauderdale Beach for $8.1 million.

A company tied to Don R. Norman, who owns one of the largest industrial centers in the world, bought the 8,812-square-foot mansion for $917 per square foot, records show. Norman bought the luxury property from Gerald and Yvonne Conrad through an auction.

The home features 375 feet of water frontage, and has about 210 feet of yacht dockage, according to Realtor.com. The estate was built in 1998. It has seven bathrooms and eight-and-a-half bathrooms and sits on 0.69 acres.

It was last purchased for $6.4 million in 2010, records show. The property was first listed in 2018 for about $13 million. It was sold via an auction by DeCaro Auctions International in late January.

Norman owns the Tahoe-Reno Industrial Center, a massive 107,000-acre industrial complex that houses Tesla, Google and the data center company called Switch.

Tim Elmes with Coldwell Banker Residential Real Estate – Fort Lauderdale Las Olas represented the seller. Elmes  also represented the buyer.

Another large Fort Lauderdale estate is about to hit the auction block. The Fort Lauderdale waterfront estate of the late H. Wayne Huizenga will head to auction in late March. The 20,653-square-foot estate at 1575 Ponce De Leon Drive could be one of Fort Lauderdale’s largest residential sales.