One of Fort Lauderdale’s splashiest waterfront trophies has officially traded hands, with a peninsula estate on the Las Olas Isles closing for $24 million and wrapping up a rare deep-water spread with roughly 700 feet of frontage.
The gated property at 529 Bontona Avenue clocks in at more than 10,000 square feet of living space and a dramatic primary-suite wing, and the deal ranks among the priciest single-family sales in Fort Lauderdale so far this year.
According to the South Florida Business Journal, the house sold for $24,000,000. Listing photos for the property were credited to Daniel Petroni. The outlet reported that a buyer was not identified in public records, and listing data shows the home had been on the market for months before the closing.
What the House Includes
Per the public listing on Compass, the estate sits on about 0.85 acres, with a 37,021-square-foot lot and approximately 10,259 square feet of interior space. Inside, there are six bedrooms and nine full bathrooms, along with a roughly 3,000-square-foot primary suite, dual chef’s kitchens, and elevator service.
Outside, the home stacks up multiple covered entertaining areas and substantial dockage that can fit several yachts, a key selling point on Las Olas Isles. Before it sold, the property had been marketed with an asking price in the high $20 million range.
How This Sale Fits the Market
As big as $24 million sounds, it is not the top coastal Florida number this year. A Naples estate at $55 million led January’s national list of most expensive home sales, according to Redfin.
Even so, Las Olas Isles is holding its own in the luxury lane. Neighborhood data from Redfin shows median home prices in the area have risen year over year, a sign that buyers are still jockeying for scarce peninsula and deep-water lots despite a choppy broader market.
Background on the Bontona Parcel
This particular point of land is no stranger to local real estate watchers. Earlier coverage notes the property was renovated by builder Tom Bates and interior designer Katia Bates and was at one time associated with the family of the late Wayne Huizenga, giving 529 Bontona a long-running profile as a high-end Las Olas listing, according to The Real Deal.
Those earlier renovations, combined with the unusually deep-water, peninsular configuration of the lot, helped cement the estate’s status as a local trophy property. Listing photography leans heavily on wide water views, broad terraces and the oversized private dock.
Public reporting on the sale has not disclosed the buyer’s identity or any immediate redevelopment plans. For now, the $24 million closing stands as another signal that Fort Lauderdale’s top-tier waterfront market remains very much alive for distinctive, superyacht-ready properties.
