Disaster response firm owners sell Las Olas Isles mansion at a slight loss

Kallberg Industries owners sold it for $100K less than what they paid two years ago

Miami /
Nov.November 12, 2020 10:30 AM
Michael and Andrea Kallberg & 400 Royal Plaza Drive, Fort Lauderdale (Credit: Google Maps)

Michael and Andrea Kallberg & 400 Royal Plaza Drive, Fort Lauderdale (Credit: Google Maps)

The owners of a Fort Lauderdale-based disaster response company sold their waterfront mansion in the Las Olas Isles neighborhood for $6.2 million.

Property records show Kallberg Industries owners Michael and Andrea Kallberg sold the home at 400 Royal Plaza Drive in Fort Lauderdale to GFM II LLC, a North Carolina company.

The Kallbergs paid $6.3 million for the house in 2018, which means they just sold it for $100,000 less.

Peter Barkin with Compass represented the Kallberg family and Tim Elmes, also with Compass, represented the buyer. The property hit the market this year for $7 million, and the price was reduced to $6.7 million in September.

The 8,108-square-foot home, built in 1994, includes five bedrooms, six-and-a-half bathrooms, a pool and 275 feet of water frontage.

Earlier this year, Greek foods CEO Peter Parthenis Jr. paid nearly $9 million for a Las Olas mansion in June. Other Fort Lauderdale closings include retired baseball player Mike Napoli’s sale of his mansion in the Seven Isles neighborhood for $7.3 million, and the $7.5 million sale of a waterfront house in the Harbor Beach neighborhood for $7.5 million.





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