Once king of foreclosures, David Stern sells Hillsboro Beach estate

The disbarred lawyer sold the house after buying it for $8M in 2008

925 Hillsboro Mile and David J. Stern (Credit: Realtor)
925 Hillsboro Mile and David J. Stern (Credit: Realtor)

UPDATED, June 17, 1:15 p.m.: Florida’s former foreclosure king sold a home in Hillsboro Beach for $10 million.

David J. Stern, a disbarred lawyer, sold the 5,275-square foot home at 925 Hillsboro Mile for $1,896 per square foot, records show. Thomas O. Katz of Boca Raton bought the home.

Stern had paid $8 million for the home in 2008, according to records.

The waterfront house has four bedrooms and four-and-a-half bathrooms and has more than 100 feet of ocean frontage. The home was built in 1986 and sits on a 1.5-acre lot, according to realtor.com. Records show Stern did not have a homestead exemption on the property, indicating it likely was not his primary residence.

Todd Kirkpatrick of Whitaker Real Estate represented the buyer. Michelle Howland of Compass represented the seller.

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Stern was disbarred by the Florida Supreme Court in 2014 for his Plantation-based firm’s alleged misconduct. The company at one time had a caseload of 200,000 foreclosures statewide, swelling Stern’s practice to 1,200 employees during its peak.

In 2015, Stern sold his massive Fort Lauderdale mansion at 5 Harborage Isle Drive for $27.5 million.

The small town of Hillsboro Beach is home to some of the priciest residential properties in South Florida.

In 2017, Patrón Spirits Company CEO Edward Brown paid $20 million for a spec home at 1115 Hillsboro Mile. In 2018, a nearly 14,000-square-foot mansion at 995 Hillsboro Mile sold for $15 million.

Correction: A previous version of this story incorrectly reported the sale price and the price per square foot.