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

Nearly 10K sf spec home was finished this year

Miami /
May.May 03, 2021 06:00 PM
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.

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.





    Related Articles

    arrow_forward_ios
    Shane Caiazzo, co-founder and co-CEO, CFGI, in front of 100 Ebbtide Drive in North Palm Beach (CFGI, Lux Hunters)
    Financial advisory CEO pays $9M for waterfront North Palm Beach home featured in “Mansion Quest” show
    Financial advisory CEO pays $9M for waterfront North Palm Beach home featured in “Mansion Quest” show
    Thomas Walter, president, Applied Hospitality in front of the Del Mar Estates at 611 Northeast 29th Drive in Wilton Manors (Applied Hospitality, LoopNet)
    Boston-based boutique hotelier buys Wilton Manors apartment building for $8M
    Boston-based boutique hotelier buys Wilton Manors apartment building for $8M
    The Main Las Olas office tower, One Flagler office tower, and Plantation Pointe office complex (The Main Las Olas, Related Southeast, Google Maps)
    A tale of two office markets: Broward vacancies rose while Palm Beach County’s declined
    A tale of two office markets: Broward vacancies rose while Palm Beach County’s declined
    (iStock/Illustration by Kevin Rebong for The Real Deal)
    December residential sales fall in Broward and Palm Beach counties, rise in Miami-Dade
    December residential sales fall in Broward and Palm Beach counties, rise in Miami-Dade
    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
    (Illustration by Kevin Rebong for The Real Deal)
    “One non-stop boom”: After surge in home sales, inventory keeps shrinking in South Florida
    “One non-stop boom”: After surge in home sales, inventory keeps shrinking in South Florida
    From left: Alejandro Diaz Bazan, David Solomon, Brett Harris and Ana Bozovic (Andian Group, Brett Harris Homes, Miami Girls, iStock)
    Build it and they will come: Resi agents join the South Florida spec home development craze
    Build it and they will come: Resi agents join the South Florida spec home development craze
    arrow_forward_ios

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

    Loading...