516 Mola Ave
Fort Lauderdale, FL 33301
$4,069,161 Trulia Estimate

516 Mola Ave
Fort Lauderdale, FL 33301

  • 1.16 acres lot size
  • Lot/Land
Off Market · Public Record
$4,069,161 Trulia Estimate
516 Mola Ave
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  • 1 Elementary School

    1 Middle School

    1 High School

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  • Lowest crime relative to the rest of Broward county.

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  • 85% of residents commute by car.

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  • 123 Restaurants

    3 Grocery stores

    32 Nightlife

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Off Market · Public Record

Home Details

Overview
  • Lot/Land
  • 1.16 acres lot size
Description

This property is no longer available to rent or buy. This description is from November 08, 2012
Fort Lauderdales largest waterfront assemblage affords a once-in-a-lifetime opportunity to create the ultimate island-like peninsula compound on up to 1,248 feet of shoreline. Location Mola Avenue, Fort Lauderdale, Florida. This unequivocally one-of-a-kind tropical point paradise encompasses a substantial part of an extremely well-secluded isle fronting the wide deepwater Grand Canals of prestigious Las Olas Isles in Fort Lauderdale, a world-famous yachting capital known as The Venice of America. In this sprawling propertys priceless serenity and privacy, it is almost unimaginable that it is so close to downtown Fort Lauderdale. Famous Las Olas Boulevards boutiques and restaurants are within walking distance, and the beach is nearby. Property Truly without equal, Casa di Fiore reigns over a grand walled and gated, island-like point domain surrounded by water on three sides of its own private southeast-to-southwest-facing peninsula, staging splendorous wide-open panoramas of the water and multi-million-dollar estates along the opposite shorelines. Together, the main offering and additional offering total a phenomenal 2.156 acres consisting of 11 beautifully treed lots with 1,248 feet of shoreline fronting 213 feet south on the New River, 603 feet east on the Mola Canal, and 309 feet west on the Riva canal. There is an immense amount of protected multi-yacht dockage which gives direct unobstructed access to the ocean. The main offering itself represents one of Fort Lauderdales largest point properties, comprising 50,295 square feet of land with 726 feet of waterfront. This provides the setting for the existing main residence and guest house, which are impressively approached by a long meandering tree-lined drive. With the grace of Old Mediterranean architecture, the three bedroom main residence, showcasing gorgeous views from all of its rooms, balconies, and expansive covered/open patios. The accompanying four bedroom guest house includes a club/entertainment room, gym, and three bay garage. Adjoining the main property, the additional 6-lot offering comprises 43,631 square feet of land with 480 feet of waterfront, and includes an existing tennis court and detached five-bay garage. Acquisition of this important holding in its entirety affords a once-in-a-lifetime opportunity to transform Fort Lauderdales largest waterfront assemblage into a signature compound of peerless privacy and magnificence.

Price History
Date
Price
Event

02/20/2017
$1,150,000
Posting removed

02/18/2017
$1,150,000
Listed for sale

04/06/2015
$1,150,000
Sold
Recording Date
04/06/2015
Contract Date
N/A
Sale Price
$1,150,000
Price Type
N/A
County Transfer Tax
N/A
Total Transfer Tax
N/A
Transaction Type
N/A
Document Type
N/A

08/12/2014
$7,845,000
Sold
Recording Date
08/12/2014
Contract Date
07/30/2014
Sale Price
$7,845,000
Price Type
Sales Price or Transfer Tax rounded by county prior to computation. Varies by county.
County Transfer Tax
N/A
Total Transfer Tax
$54,915
Transaction Type
Purchase/Resale Arm's Length Residential Transaction
Document Type
N/A

06/26/2013
$6,400,000
Sold
Recording Date
06/26/2013
Contract Date
06/26/2013
Sale Price
$6,400,000
Price Type
Sales Price or Transfer Tax rounded by county prior to computation. Varies by county.
County Transfer Tax
N/A
Total Transfer Tax
$44,800
Transaction Type
Purchase/Resale Arm's Length Residential Transaction
Document Type
N/A

06/18/2013
$6,250,000
Posting removed

02/09/2013
$6,250,000
Price change
Price Change
-$445,000 (-6.65%)
Source
Premier Estate Properties

01/03/2013
$6,695,000
Price change
Price Change
$5,745,000 (604.74%)
Source
Premier Estate Properties

10/04/2012
$950,000
Sold
Recording Date
10/04/2012
Contract Date
09/27/2012
Sale Price
$950,000
Price Type
Sales Price or Transfer Tax rounded by county prior to computation. Varies by county.
County Transfer Tax
N/A
Total Transfer Tax
$6,650
Transaction Type
Purchase/Resale Arm's Length Residential Transaction
Document Type
N/A

09/08/2012
$7,995,000
Price change
Price Change
$6,600,000 (473.12%)
Source
Premier Estate Properties

08/14/2012
$1,395,000
Price change
Price Change
-$6,600,000 (-82.55%)
Source
Premier Estate Properties Inc.

02/22/2012
$7,995,000
Price change
Price Change
-$1,000,000 (-11.12%)
Source
Premier Estate Properties

07/26/2011
$8,995,000
Price change
Price Change
-$1,000,000 (-10.01%)
Source
Premier Estate Properties

11/19/2010
$9,995,000
Listed for sale

Property Taxes and Assessment
Year
2016
Tax
$126,020.21
Assessments
$6,669,430
Land
N/A
Improvements
N/A
Total
$6,669,430
Market Value
N/A

Affordability
Additional Costs

Price Trends
Real Estate Trends
Average Listing Price for 33301
$1,365,082
19% above sold price
Median Sale Price for 33301
$515,000
55% below sold price
Average Sale price/sqft for 33301
$342/sqft
Comparables and Estimates
Sold Homes
Address Distance Property Type Sold Price Sold Date Bed Bath Sqft
6.17
Lot/Land
$1,319,400
03/22/17
-
-
-
6.02
Lot/Land
$1,299,000
06/02/17
-
-
-
6.1
Lot/Land
$1,377,800
06/09/17
-
-
-
8.31
Lot/Land
$1,700,000
10/27/17
-
-
-
4.55
Lot/Land
$1,750,000
03/28/17
-
-
-
6.28
Lot/Land
$1,315,600
08/31/17
-
-
-
1.93
Lot/Land
$1,200,000
04/20/17
-
-
-
0.81
Lot/Land
$1,560,000
07/31/17
-
-
-
7.85
Lot/Land
$1,600,000
09/21/17
-
-
-
6.14
Lot/Land
$1,287,400
07/14/17
-
-
-

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