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Ronald J. Leonhardt Jr. Sells Fort Lauderdale Home for $30M

The CEO of CrossCountry Mortgage, Ronald J. Leonhardt Jr., has successfully sold his waterfront mansion in Fort Lauderdale for a staggering $30 million.

According to records, Atlantic Laguna Holdings, a Florida-based entity managed by Leonhardt, completed the sale of the property located at 2412 Laguna Drive to an Ontario-based trust associated with the address. The true identity of the buyer remains undisclosed.

This sale represents a notable increase in value, amounting to $7 million, within the two-year span since Leonhardt initially acquired the residence.

Chad Carroll from the Carroll Group at Compass handled the listing, while Brady Thrasher from Re/Max facilitated the buyer’s end of the transaction.

Leonhardt, the founder of CrossCountry Mortgage, a Cleveland-based lending institution established in 2003, unveiled plans for a new $46 million headquarters for the firm in downtown Cleveland in 2021, as stated in a press release. In the previous year, CrossCountry Mortgage faced a lawsuit from competitor loanDepot, alleging the poaching of its top loan officers. This followed a proposal for a merger between the two companies put forth by loanDepot’s CEO, as reported by National Mortgage News.

In addition to his endeavors in the mortgage industry, Leonhardt has been an active investor in South Florida real estate. In 2021, he orchestrated the resale of a pair of waterfront homes on Hibiscus Island, fetching $27 million.

Leonhardt originally purchased the Fort Lauderdale mansion in the Harbor Beach neighborhood from Mikhail Avrutin, the head of Baltic Hotel Group, for $23 million in 2021. Constructed in the same year, the 9,500-square-foot residence boasts six bedrooms, seven bathrooms, and two half-bathrooms, according to the listing.

Sitting on a 0.3-acre plot, the property offers 120 feet of waterfront space, complete with a pool, outdoor kitchen, and a dock designed to accommodate a megayacht. Additionally, the mansion includes a wine cellar and two indoor kitchens, as indicated in the listing.

In August, Leonhardt listed the property for $33 million, as reported by Redfin. Ultimately, the mansion fetched a final sale price of $30 million, just shy of Broward County’s price record. The record was set by a self-storage tycoon in August of the previous year when he acquired a waterfront spec mansion for $32.5 million. This transaction followed closely after brothers Seth and Brad Cohen established the prior record by selling another waterfront spec estate for $28.5 million.

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