Jamie Stiles, widow of the late commercial developer Terry Stiles, sold the couple’s waterfront Fort Lauderdale mansion for $10.1 million.
Stiles sold the 8,166-square-foot-estate at 1776 Southeast 10th Street for $1,242 per square foot, records show. The buyer is a Delaware company that lists its address as a Phoenix home owned by Mark Tkach.
Tkach is the CEO of RideNow PowerSports, which claims to be the largest motorsports dealer in the United States, operating over 42 dealerships across the country, according to its website.
The property has over 300 feet of water frontage and has six bedrooms and eight-and-a-half bathrooms.
Kelly Drum of Drum Realty was the listing agent for the property. It was listed in October for $13.2 million.
Terry Stiles was the chairman and CEO of Stiles Corp. He transformed Fort Lauderdale’s downtown, building the city’s tallest and most prominent office buildings. Stiles constructed the Bank of America Plaza at Las Olas City Centre in 2002 and AutoNation’s headquarters in 2006. The developer died in 2017 at age 70 after a lengthy battle with cancer.
At the time of his death, the company had built more than 43 million square feet of commercial and multifamily space across the country.
Records show the Stiles paid $8.17 million for the mansion in 2016.