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FORT LAUDERDALE, Fla. (January 13, 2016) – DND Associates, a Fort Lauderdale-based luxury real estate team affiliated with ONE Sotheby's International Realty, announced they recently closed a major $27.5 million deal, the largest residential real estate transaction to date in Broward County. In addition, they closed an $8.2 million transaction next door.

DND Associates was the exclusive listing agent for a spectacular 17,037-square-foot Harbor Beach estate located at 5 Harborage Isle Drive in Fort Lauderdale on the uber-exclusive, guard-gated Harborage Island. The team brokered the deal and secured terms for the intricate contract in just under two months, an impressive feat considering the property had previously been on the market for two years when listed by The Jills, a Miami-based brokerage.

“We remained focused and worked extremely hard the past few months to finalize this complicated deal. It’s a win-win for both the seller and the new buyer and we are extremely honored to have set the bar for the largest residential transaction in Broward County’s history,” said Dennis Stevick, Senior vice president, broker at ONE Sotheby's International Realty and founding partner of DND Associates. “We know Fort Lauderdale inside and out and take pride in servicing our valued clients, many of whom are high-net worth individuals who value the attention to detail and level of discretion which set us apart from other brokers.”

In the complex deal, DND Associates represented both the seller, David J. and Jeanine Stern, and the new buyer. The original listing price for the Harborage Island 60,000-square-foot corner Intracoastal double point lot was $32 million. A contract for $27.5 million was ultimately finalized when DND Associates secured two additional lots next door for $8.2 million. The groundbreaking $35.7 million deal comprises a total of five lots and a staggering 868’ of waterfront. The amazing private residence is defined by two breathtaking wings, six-bedrooms, seven-full and two-half-bathrooms, dramatic double staircases, a rotunda ceiling, and marble and Brazilian walnut floors throughout. Amenities include a state-of-the-art movie theater, home fitness center, gourmet kitchen, executive study, five fireplaces, a tennis court with cabana and a large infinity pool overlooking wide water views of downtown Fort Lauderdale.

 

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