David J. Stern, known as Florida’s ex-foreclosure king, just sold his Fort Lauderdale mansion for $27.5 million — a hefty discount from what he listed it for in September.
The disbarred lawyer and his wife Jeanine Stern had listed their sprawling waterfront estate for $32 million a little over three months ago. Their home at 5 Harborage Isle Drive has six bedrooms, nine bathrooms and sits on an oversized 1.4-acre lot on the corner of a small island.
As a result of its corner perch, the home has 505 feet of water frontage. That can fit any boat up to a 300-foot megayacht. –