Used-car magnate buys Fort Lauderdale mansion at auction

It’s the most expensive single-family home sale in Fort Lauderdale in the last 18 months

Miami /
May.May 13, 2019 08:45 AM
Compass's Chad Gray, Katrina Campins of The Campins Company and 534 Bontana Avenue

Compass’s Chad Gray, Katrina Campins of The Campins Company and 534 Bontana Avenue

A major used-car dealer paid $17.36 million at auction for a waterfront Fort Lauderdale mansion, marking the most expensive single-family home sale in the city over the last 18 months, The Real Deal has learned.

James Barnett, an asset manager, sold the 27-room, over 17,000-square-foot estate at 534 Bontona Avenue to Mark and Eileen Fischer of Off Lease Only, said listing agent Katrina Campins of The Campins Company. The deal, set to close on Monday, is more than double 2018’s record $7 million single-family home sale in Fort Lauderdale of 2501 Delmar Place.

Fischer’s Off Lease Only is the largest independent used-car dealership in the U.S. based on volume, according to its website.

The $17.36 million price tag includes the buyer’s premium. Six bidders participated in the auction, which was handled through Concierge Auctions on April 12. Chad Gray of Compass’ Luxury Living Fort Lauderdale Group represented the buyer.

Barnett paid $7.64 million for the property in 2010. He bought it from the late Wayne Huizenga, whose family recently went to auction for his former estate at 1575 Ponce De Leon Drive.

Barnett then knocked down the former home on Bontona Avenue and built a new mansion, putting it on the market for $39 million. The home includes five full bedrooms, six bathrooms and five half-bathrooms, hand-painted ceilings, hand-painted Portuguese wall tiles, an elevator, two fireplaces, a gym, massage room, yoga room, two home offices and a four-car garage.

The property also features a Venetian-style saltwater pool, outdoor kitchen, a 350-foot concrete dock, and room for a tennis court, according to a release.


Related Articles

arrow_forward_ios
Brightline CEO Patrick Goddard with the Northwest Second Street development site (Goddard via LinkedIn, Google Maps)
New buyer aboard: Brightline parent sells sites near Fort Lauderdale station
New buyer aboard: Brightline parent sells sites near Fort Lauderdale station
Rendering of the project and the location for the development (Google Maps, Native Realty)
Former Fort Lauderdale church site to be reborn with offices, retail
Former Fort Lauderdale church site to be reborn with offices, retail
The partially collapsed 12-story Champlain Towers South condo building (Getty)
Inside the tug-of-war over the Surfside condo site’s future
Inside the tug-of-war over the Surfside condo site’s future
Yacht Haven Park & Marina in Fort Lauderdale sells for $58M
Yacht Haven Park & Marina in Fort Lauderdale sells for $58M
Yacht Haven Park & Marina in Fort Lauderdale sells for $58M
Alan Jay Wildstein and the waterfront house (Alan Jay Automotive Network, Elmes Group Waterfront Estates)
Car dealership mogul sells waterfront Fort Lauderdale home for $8M
Car dealership mogul sells waterfront Fort Lauderdale home for $8M
Guillermo Lasso and the Asia Brickell Key condo in Miami
Ecuadorian president’s alleged Florida real estate ties raise questions
Ecuadorian president’s alleged Florida real estate ties raise questions
Florida Panther Keith Yandle and his Fort Lauderdale house (Getty, Compass)
Score: Professional hockey player Keith Yandle sells waterfront home in Fort Lauderdale for $6M
Score: Professional hockey player Keith Yandle sells waterfront home in Fort Lauderdale for $6M
Michael Wekerle and the Fort Lauderdale property (Getty, Compass via Douglas Elliman)
TV personality Michael Wekerle sells Fort Lauderdale mansion for $17M
TV personality Michael Wekerle sells Fort Lauderdale mansion for $17M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...