Car dealership mogul sells waterfront Fort Lauderdale home for $8M

Property includes 250 feet of water frontage

Miami /
Jul.July 15, 2021 10:30 AM
Alan Jay Wildstein and the waterfront house (Alan Jay Automotive Network, Elmes Group Waterfront Estates)

Alan Jay Wildstein and the waterfront house (Alan Jay Automotive Network, Elmes Group Waterfront Estates)

The president and CEO of a car dealership network sold a waterfront home in Fort Lauderdale for $7.5 million.

Alan Jay Wildstein, through The Alan Jay Wildstein Family Limited Partnership, sold the house at 1500 Southeast 10th Street to Gabrielle Hull, using a trust in her name, records show.

Wildstein is president and CEO of Central Florida-based Alan Jay Automotive Network. Wildstein opened his first location in Sebring, Florida in 1992. He has since expanded and owns and manages 16 dealerships, including a Maserati Alfa Romeo dealership that he opened in 2016, according to the company’s website.

The buyer shares the name of the co-CEO of San Francisco-based global warming solutions platform Planet Home.

Wildstein purchased the 7,752-square-foot house for $6.5 million, or $838 per square foot, in 2019. According to Compass, the home was listed in June 2020 with an asking price of $10 million. The most recent asking price was $8.6 million in June of this year.

Tim Elmes of Compass represented the seller, and Patricia Huff of Intercoastal Realty represented the buyer.

Broward County property records show Wildstein filed a notice of commencement for “foundation repair” of the property in March 2020. According to the listing, the home was “extensively updated” in 2018.

The house has five bedrooms, six-and-a-half bathrooms, a wine-cellar and a rotating observation deck on the third level, according to the listing. The property also features 250 feet of water frontage.

Recently in Fort Lauderdale, Florida Panthers player Keith Yandle sold a home for $6 million, and Canadian TV star Michael Wekerle sold a mansion for $16.5 million.





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