Baltic Hotel Group owner sells waterfront Fort Lauderdale mansion for $23M

Nearly 10K sf spec home was finished this year

2412 Laguna Drive, Fort Lauderdale (Google Maps)
2412 Laguna Drive, Fort Lauderdale (Google Maps)

Hotelier Mikhail Avrutin sold a waterfront mansion in Fort Lauderdale for $23 million.

Records show AV2412 LLC, a Florida corporation managed by Avrutin, sold the home at 2412 Laguna Drive to 125 Ocean Drive Holdings LLC.

Avrutin is the owner and developer of Baltic Hotel Group, which operates two hotels in Estonia. He is also the president and founder of AFP of North America, according to his Linkedin page.

Avrutin has been active buying and selling houses in South Florida. Last year, he bought a waterfront home in Boca Raton for $5.5 million. And in 2019, he sold a Boca Raton mansion for $13 million.

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The hotelier bought the Fort Lauderdale property for $4.9 million in 2018. The next year, he demolished a structure and started construction on a new single-family home, according to Broward County records. The home was finished this year.

The 9,451-square-foot mansion hit the market in January with an asking price of $25 million. Tim Elmes with Compass represented the seller, and Chad Carroll of the same brokerage represented the buyer.

The house has six bedrooms, seven full bathrooms and two half bathrooms. Built by Sarkela Corp. and designed by Randall Stofft Architects, the two-story home’s features include a 200-bottle wine cellar, an elevator, a pool and a large dock.

Among other recent waterfront home sales in Fort Lauderdale, the president of a pharmaceutical development and manufacturing company bought a home for $15.7 million, and the former owners of a psychic TV network sold their house for $27.5 million.