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CrossCountry Mortgage chief Ron Leonhardt sells waterfront Fort Lauderdale mansion for $30M
Leonhardt bought the 9,500 sf house for $23M in 2021
CrossCountry Mortgage’s Ron Leonhardt and 2412 Laguna Drive in Fort Lauderdale (Getty, Daniel Petroni, X/CrossCountry Mortgage)
The CEO of CrossCountry Mortgage sold his waterfront mansion in Fort Lauderdale for $30 million.
Records show Atlantic Laguna Holdings, a Florida entity managed by Ronald J. Leonhardt Jr., sold the house at 2412 Laguna Drive to an Ontario-based trust named for the address. The true buyer is unknown.
The sale marks a $7 million increase in value in the two years since Leonhardt bought it.
Chad Carroll of the Carroll Group at Compass had the listing, and Brady Thrasher of Re/Max brought the buyer.
Leonhardt is CEO of CrossCountry Mortgage, a Cleveland-based lender he founded in 2003. He launched plans for a new $46 million headquarters for the firm in downtown Cleveland in 2021, according to a press release. Last year, CrossCountry’s competitor loanDepot sued CrossCountry for allegedly poaching its top loan officers, after loanDepot’s CEO had proposed a merger of the two companies, National Mortgage News reported.
In addition to his deals in the mortgage industry, Leonhardt has also been a frequent investor in South Florida real estate. In 2021, he flipped a pair of waterfront Hibiscus Island homes for $27 million.
Leonhardt bought the mansion in Fort Lauderdale’s Harbor Beach neighborhood in 2021 from Mikhail Avrutin, the head of Baltic Hotel Group, for $23 million. Built that year, the 9,500-square-foot mansion includes six bedrooms, seven bathrooms and two half-bathrooms, according to the listing.
The property spans 0.3 acres and has 120 feet of waterfront, with a pool, outdoor kitchen and dock sized for a megayacht. The mansion also has a wine cellar and two indoor kitchens, the listing shows.
Leonhardt listed it for $33 million in August, Redfin shows.
The $30 million price tag lands the mansion shy of a price record for Broward County. A self-storage mogul set the county’s price record in August of last year when he bought a waterfront spec mansion for $32.5 million. It was just a month after brothers Seth and Brad Cohen set the previous record by selling another waterfront spec estate for $28.5 million.