The former "Foreclosure King" David Stern has now put his waterfront Fort Lauderdale, Florida mansion for sale for $32M. The Florida attorney is best known for making millions during the mortgage crisis, but he was later disbarred for "falsifying foreclosure documents at his law firm," according to Realtor. During this time, his firm owned 20 percent of all foreclosures in the state.
The property, described as a megamansion, boasts six bedrooms, seven bathrooms, and two half-baths. The mansion also boasts 500 feet of luxurious beachfront as it sits on a 17,000-square-foot corner lot. The home also has enough space for its future owners to park their yachts at along with a tennis court and an infinity pool.
The Real Deal reports that the property finished construction back in 2007. Dennis Stevick, alongside Dale Atkins and Michelle Sorrentino of DND Associates, have listed the property at 5 Harborage Isle Drive.
Daily Business Review shares that this is actually the second time the luxury property has been listed in just four months, but it is only now that the property has been listed at twice the price back when it was built in 2007. Stevick, with his two partners, are reportedly targeting international buyers for this one as they see homes as a good investment for "high net worth individuals."
David Stern and his wife Jeanine have bought over $60 million in properties over the years, and this has triggered investigation over his "luxurious" lifestyle back in his prime. His company also made a staggering $260 million in investments in foreclosed properties in Florida. This was believed to be questionable by the state, which ultimately led to his empire's demise.
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