Fort Lauderdale mansion with stock trading room sells for $12M

The home sold for $917 psf

Feb.February 19, 2020 10:30 AM
Niki Higgins of Douglas Elliman and 220 North Compass Drive (Credit: Douglas Elliman and Trulia)

Niki Higgins of Douglas Elliman and 220 North Compass Drive (Credit: Douglas Elliman and Trulia)

A waterfront mansion in Fort Lauderdale featuring a full stock trading room sold for $11.5 million.

Kerstin & Neil S. Schneider sold their 12,530-square-foot estate at 220 North Compass Drive for $917 per square foot. The Schneiders sold the property to Christopher and Stephanie Chen, who own the primary care provider ChenMed.

Niki Higgins of Douglas Elliman represented the seller in the deal.

The home’s stock trading room features 10 monitor screens, a news ticker and two internet providers, according to the listing. The six-bedroom, seven-and-a-half bathroom house also features a movie theater, chef’s kitchen built for four chefs, a dog spa, two laundry rooms, a wine cellar, and a library with a built-in closet humidor with a complex control system for cigars.

The estate has 250 feet fronting the Intracoastal Waterway and another 111 feet fronting a deep-water canal.

The house was built in 2005. The Schneiders purchased the property for $2.1 million in 1999.

Fort Lauderdale and Boca Raton’s luxury housing markets are seeing heightened demand. Earlier this month, the owner of a crane company picked up a waterfront mansion in Fort Lauderdale at 2300 Aqua Vista Boulevard for $12.2 million.

In October, Sebring car dealer Alan Jay Wildstein paid $6.5 million for a home at 500 Southeast 10th Street.

And 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.

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