SoFla insurance magnate sells waterfront Fort Lauderdale home for $8M

The five-bedroom Harbor Beach house was built last year

Miami /
Aug.August 27, 2019 11:30 AM
Julie Jones-Bernard and 19 Isla Bahia Drive (Credit: Pintrest)

Julie Jones-Bernard and 19 Isla Bahia Drive (Credit: Pintrest)

South Florida insurance magnate Richard Hull sold a second Fort Lauderdale house for $8.1 million, a month after selling a waterfront estate that marked one of the city’s most expensive residential real estate sales of the year.

Hull, who founded Fort Lauderdale-based Hull & Co., a wholesale insurance brokerage, sold the 7,221-square-foot property at 19 Isla Bahia Drive for $1,121 per square foot, records show. Robert and Michele Powers bought the waterfront home.

The five-bedroom house is in the gated Harbor Beach community and has a large poolside loggia, outdoor living room fireplace and summer kitchen. It also features a downstairs master suite, a library, and a second-level guest suite.

Both the buyer and the seller were represented by Julie Jones-Bernard with Florida Luxurious Properties, according to realtor.com.

The house was built in 2018. Hull had purchased the land for $2.8 million in 2014, records show.

Jones-Bernard said the sale is indicative of growing demand for new construction of Britiish West Indies and Coastal Indies-style homes in Fort Lauderdale.

“For some people, Miami is becoming very busy and a lot of families realize they can have the same lifestyle in Fort Lauderdale,” Jones-Bernard said.

In July, Hull sold a 11,169-square-foot home at 2401 Del Lago in Fort Lauderdale for $13 million to a former CEO of a software company.

This year, Fort Lauderdale has seen a slew of high-profile deals. In June, the founder of Pet Supermarket bought the Fort Lauderdale estate of the late H. Wayne Huizenga at 1575 Ponce de Leon Drive in Fort Lauderdale for $14.3 million.

In May, used car dealer Mark and Eileen Fisher paid $17.4 million – including the buyer’s premium – for the 27-room, 17,000-square-foot mansion at 534 Bontona Avenue in Fort Lauderdale.


Related Articles

arrow_forward_ios
SPAC move? Ophir Sternberg’s Lionheart buys Broward office building
SPAC move? Ophir Sternberg’s Lionheart buys Broward office building
SPAC move? Ophir Sternberg’s Lionheart buys Broward office building
The Pines Plaza Shop at 4505-4599 North Pine Island Road, Fort Lauderdale (MMG Equity Partners)
CK principals make $11M bet on half-vacant Fort Lauderdale shopping center
CK principals make $11M bet on half-vacant Fort Lauderdale shopping center
Daniel Kordash in front of 444 Royal Plaza Dr in Fort Lauderdale (Getty Images, Realtor.com)
New York investment honcho flips waterfront Fort Lauderdale home for $8M
New York investment honcho flips waterfront Fort Lauderdale home for $8M
From left: Charles Kushner, Wes Powell, Nicole Kushner Meyer and Laurent Morali with a rendering of the planned development (Kushner, Stantec, ODA Architecture, iStock)
Multifamily giants Kushner and Aimco acquire site of Fort Lauderdale mega project
Multifamily giants Kushner and Aimco acquire site of Fort Lauderdale mega project
Mayor Dean Trantalis with Flagler Greenway to NE 9th Street (Wikimedia, Path Foundation)
Fort Lauderdale approves master plan for its $90M-plus version of Miami’s Underline
Fort Lauderdale approves master plan for its $90M-plus version of Miami’s Underline
Sadhana and Sanjaykumar Patel of Luckey’s Management with a rendering of the 172-room hotel development in Fort Lauderdale (Luckey's Management/George White Architect)
Lucky Day? Luckey’s Management wins approval for 172-room, dual-branded hotel in Fort Lauderdale
Lucky Day? Luckey’s Management wins approval for 172-room, dual-branded hotel in Fort Lauderdale
Author Patrick Bet-David drops $9M on Broward office buildings
Author Patrick Bet-David drops $9M on Broward office buildings
Author Patrick Bet-David drops $9M on Broward office buildings
Fort Lauderdale approves downsized riverfront condo project downtown
Fort Lauderdale approves downsized riverfront condo project downtown
Fort Lauderdale approves downsized riverfront condo project downtown
arrow_forward_ios

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

Loading...