516 Mola Ave, Fort Lauderdale, FL 33301

516 Mola Ave, Fort Lauderdale, FL 33301

6 beds, 5 baths, 8,687 sqft
Sold: $7,845,100
Sold on 08/12/14
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Fort Lauderdale?s 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 property?s priceless serenity and privacy, it is almost unimaginable that it is so close to downtown Fort Lauderdale. Famous Las Olas Boulevard?s 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 11½ 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 Lauderdale?s 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 6½-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 Lauderdale?s largest waterfront assemblage into a signature compound of peerless privacy and magnificence.  MoreLess
 
Facts
  • Lot: 1.21 acres
  • Single Family
  • Built in 1984
  • Cooling: Central
  • Last sold: Aug 2014 for $7,845,100
  • Price/sqft: $903
Features
  • Parking: 4 spaces
  • Pool
  • View: Water
Construction
  • Construction quality: 6.0
  • # Stories: 2.0
  • Unit count: 1
Other
  • Floor size: 8,687 sqft
  • Heating: Electric
  • Last remodel year: 1984
  • Parcel #: 504211140040
  • Zillow Home ID: 43204760
Home Values
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$6,872/mo
+$484 Last 30 daysd
$962
$9.5K
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Neighborhood for 516 Mola Avenue

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Zillow predicts 33301 home values will increase 2% next year, compared to a 2.1% rise for Fort Lauderdale as a whole.

Foreclosures will be a factor impacting home values in the next several years. In the 33301 market, the number of foreclosures waiting to be sold shrank 44.2% in the last year. The number of unsold foreclosures is 27.6% lower than in Fort Lauderdale, and 25.4% greater than the national average. This lower local number could help 33301 home values rise more quickly than other regions in Fort Lauderdale.

Learn more about forecast calculations or 33301 home values.
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