FORT LAUDERDALE, FL – Native Realty, the pioneering Fort Lauderdale commercial real estate firm led by Jaime Sturgis, has closed the record-breaking sale of an Airbnb rental property in the city’s popular Victoria Park neighborhood.
The firm’s Sara Dorfman, a multifamily specialist, was the exclusive listing agent for the 4-unit building located at 808-812 NE 16th Terrace. Grandeview LLC sold the property to TransAmerica Group, Inc. The transaction closed on May 23.
At $1.65 million, the sale price is Victoria Park’s highest since at least 2006, according to Multiple Listing Service data. The $412,500 price per door – or unit – is the most expensive in the history of the neighborhood.
The 4,514-square-foot building includes a single-family residence plus in-law suite, a triplex, swimming pool and 10 off-street parking spaces.
Constructed in 1954, the building recently underwent extensive interior renovations to all of the units. The seller operated the property as an Airbnb rental, and the buyer plans to continue doing so.
Located immediately east of Fort Lauderdale’s burgeoning Flagler Village neighborhood and near downtown Fort Lauderdale, Victoria Park is increasingly gaining appeal for its small-town charm while being close to the city’s urban core. That makes properties like 808-812 NE 16th Terrace particularly attractive to Airbnb guests seeking a unique, comfortable and convenient experience when visiting the area.
“I want to congratulate Sara on setting new standards for a Victoria Park neighborhood that has a rich history as one of Fort Lauderdale’s hidden gems,” Sturgis said. “She has been a tremendous addition to our firm. This transaction is another example of how Native Realty is at the forefront of urban core neighborhoods across all real estate sectors.”
Native Realty is headquartered in Flagler Village’s the Hive – a popular complex with retail, restaurants, offices, a vintage arcade bar and yoga studio.
About Native Realty: Founded in 2017 by pioneering Fort Lauderdale-based commercial real estate broker Jaime Sturgis, Native Realty specializes in leasing and investment sales in the urban core and emerging markets in South Florida. The company’s brokers bring more than 55 years of real estate experience to the region’s market, working with all types of clients from Fortune 500 companies to small businesses. Notable clients have included Coca-Cola, Integra Realty Resources, U.S.A. Parking and many more. Native Realty is headquartered in the heart of Fort Lauderdale’s Flagler Village at 908 N. Flagler Drive. For more information, visit www.nativere.com