516 Mola Ave, Fort Lauderdale, FL 33301

6 beds5 baths8,687 sqft Edit

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Sold: $7,845,100
Sold on 08/12/14
Zestimate®: $8,237,712
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My Notes

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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.  More Less 

Facts

  • Lot: 1.21 acres
  • Single Family
  • Built in 1984
  • Views: 8,242 all time views
  • Cooling: Central
  • Last sold: Aug 2014 for $7,845,100
  • Last sale price/sqft: $903

Features

  • Parking: 4 spaces
  • Pool
  • View: Water

Construction

  • Construction quality:
    6.0
    Provided by the county assessor, this grade is based on a scale that varies by market. For more information, or to update the grade, contact the county assessor's office.
  • Exterior material: Cement concrete
  • Roof type: Tile
  • Stories: 2
  • Unit count: 1

Other

  • Floor size: 8,687 sqft
  • Heating: Electric
  • Last remodel year: 1984
  • Parcel #: 504211140040
  • Zillow Home ID: 43204760

Zestimate Details

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$8,237,712
-$1,132,167 Last 30 days
$6.43M
$12.4M
Zestimate range
Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

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$11,556/mo
+$204 Last 30 days
$1.7K
$23K
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Popularity on Zillow

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8,242 all-time views
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238 forecasted views of this home
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Comparable Homes

Homes like this sold for $14.0M.

$12.32M
$15.68M

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Market guide

Zillow predicts 33301 home values will rise 2.2% next year, compared to a 2.9% increase for Fort Lauderdale as a whole. Among 33301 homes, this home is valued 1700.6% more than the midpoint (median) home, and is valued 200% more per square foot.

Foreclosures will be a factor impacting home values in the next several years. In 33301, the number of foreclosures waiting to be sold is 14.3% lower than in Fort Lauderdale, and 81.9% 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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    Nearby Schools in Fort Lauderdale

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    Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

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