A Fort Lauderdale car dealer sold his 4.7-acre Southwest Ranches estate for $14.5 million, as demand and prices continue to trend upward in the luxe Broward County suburb.
Records show Steven and Damaris Jensen sold the mansion at 5875 Southwest 128th Avenue to Family Foundation Trust, with attorney N. Gresham Foster signing on behalf of the buyer. The true buyer is unknown.
Steven Jensen is president of Lipton Toyota, a car dealership in Fort Lauderdale. He and his wife bought the property for $1.2 million in 2016. They completed the 15,700-square-foot mansion in 2019. It has seven bedrooms, eight bathrooms, one half-bathroom, a pool and a sport court. The estate also has a theater, wine room and detached guest house, according to the South Florida Sun Sentinel.
The deal closed off-market. The Jensens had the estate on-and-off the market for years. They first listed it in 2020 for $10 million. Several price changes later, they relisted the mansion for $16 million in October of last year, and delisted it in January.
The final price lands it among the most expensive homes ever sold in Southwest Ranches, but it falls short of the record $22.5 million that cargo airline founder Alfonso C. Rey paid for a mansion last year.
High-profile luxury buyers have flocked to Southwest Ranches in recent years for its larger estates, privacy and relative proximity to desirable schools. Brazilian supermodel Gisele Bündchen bought a sprawling 7.5-acre Southwest Ranches estate for $9 million last year. Former basketball star John Wall bought a mansion in the town for $9.8 million last month. In May, baseball’s Eric Hosmer sold a spec mansion styled after a European chateau for $15.5 million.