Warehousing CEO pays $8M for waterfront Fort Lauderdale house

The seller bought the land for $1M in 1992

Miami /
Oct.October 12, 2020 10:30 AM
John Moran Jr. and 5 Isla Bahia Terrace, Fort Lauderdale

John Moran Jr. and 5 Isla Bahia Terrace, Fort Lauderdale

The CEO of a warehousing, logistics and transportation company bought a waterfront house in Fort Lauderdale’s Harbor Beach neighborhood for $7.5 million, The Real Deal has learned.

John Moran Jr., of Watsontown, Pennsylvania-based Moran Logistics, bought the 7,000-square-foot house at 5 Isla Bahia Terrace, which is on almost an acre of land, according to Sheryl Hodor of Compass Florida.

Sheryl Hodor and Troy Hotchkiss

Sheryl Hodor and Troy Hotchkiss

Hodor and her partner, Troy Hotchkiss, of the Hodor Hotchkiss Team, represented both the buyer and the sellers.

The sellers are Dr. Neil J. Principe and his wife, Aldona. Principe bought the land in 1992 for $1 million. The house was custom-built two years later, according to records.

It was listed for $8.9 million in October 2019, according to the listing.

The two-story house features a three-car garage, six bedrooms, eight full bathrooms and two half baths. It has 190 feet of water frontage.

Moran Logistics operates 5 million square feet of storage space in Pennsylvania, according to its website.

Moran made headlines in August when he joined others in stepping down from the controversial We Build the Wall organization that received a federal indictment charge alongside Steve Bannon, the former campaign manager for President Donald Trump, PennLive reported. Moran resigned after the indictment was announced. He was not indicted and held a ceremonial position in the organization, according to PennLive.

Recent home sales in Fort Lauderdale’s Harbor Beach include a $10.9 million and separate $7.8 million sale within one week in February.


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