CrossCountry Mortgage CEO Ronald Leonhardt Jr. has sold his waterfront home in Fort Lauderdale, Fla., for $30 million, $7 million more than he paid for it just two years ago, according to property records.
Leonhardt paid $23 million for the house in 2021, according to Zillow, and briefly listed it for $31 million that year. Most recently, the house was listed in August for $33 million. Leonhardt didn’t respond to a request for comment.
The buyer is unknown.
Built in 2021, the contemporary house is located in the gated community of Harbor Beach, said listing agent Chad Carroll of Compass. The property has 120 feet of water frontage on the Intracoastal Waterway, with a dock large enough for a megayacht, he said.
More: Wood-Clad and Solar-Powered Boulder, Colorado, Retreat Lists for $4.225 Million
With views of downtown Fort Lauderdale, the house measures about 9,500 square feet with six bedrooms. The house has three kitchens: a “show kitchen” and a “prep kitchen” inside, Carroll said, as well as a full outdoor kitchen. A game room has a full bar, and a glass wine cellar can hold about 600 bottles, Carroll said.
Outside, the grounds contain a lap pool with two fire features, as well as covered outdoor entertaining areas.
Carroll declined to comment on the buyer or seller, but said his client did move into the house. “Just a little over two years later, he was able to capture a $7 million profit, which isn’t too shabby,” he said.
Brady Thrasher of Re/Max represented the buyer.
MANSION GLOBAL BOUTIQUE:Upgrade Your Linen Closet With These Cozy Bath Towels
Leonhardt founded Ohio-based CrossCountry in 2003. He also has a home in Ohio and owns several restaurants and brew pubs in Ohio, according to CrossCountry’s website.
Sales of luxury homes in Fort Lauderdale have slowed since last year. During the second quarter, sales of luxury waterfront single-family homes dropped 37.6% compared with the prior-year period, according to data from real-estate appraisal firm Miller Samuel. The median sale price of luxury waterfront single-family homes fell 15.9% year-over-year.
Earlier this year, a roughly 16,800-square-foot waterfront home with three boat docks was listed for $39 million.
Carroll said there is strong demand for ultraluxury homes, but limited high-quality inventory. “If we had similar products available, I’m confident I could sell it over and over again,” he said. “The demand is there, the buyers are there. This caliber product just doesn’t exist these days.”
