516 Mola Ave

Las Olas Isles · Fort Lauderdale, FL6 BD · 8 BA · 9,995 SQ FT · 743 FT WATER FRONTAGE
$39,999,999FOR SALEBUILT 2020
25 minutes to ocean (2.3 nm)See route
743 ft water frontage
Open water on the New River
112 ft wide canal
Up to 182 ft should turn around without backing out

Sun exposure

13h 40m of direct sun in Summer

6:40 AM to 8:10 PM·East, Southwest & West water side·Sun over the dock through the middle of the day

87° HIGHEST
12 AM6 AM12 PM6 PM12 AM
Direct sunIndirect sunNight
Located inside Las Olas IslesFort Lauderdale’s best-known waterfront address, with the social gravity of Las Olas and better boating utility than its reputation gets credit for. Buyers pay for the name, but they are not sacrificing convenience on the water.Neighborhood medians23 minRUN TO OCEAN100 ftFRONTAGE$47,020PER FRONT FT21 homes for saleWater intel

FROM THE LISTING

516 Mola. FTLs most unique, gated Peninsula Estate designed by renowned architect Max Strang & built by Bomar Builders, situated on 0.86 acres. Find panoramic views, a combined 640' of WF, a jaw-dropping floating Cantilever design & even a pickleball court! Notice a harmonious fusion of modern aesthetics and organic elements paired w/interior design by DKOR, crafted to complement the natural surroundings. Floor-to-ceiling windows & skylights grant natural light & Chef's Kitchen w/ hidden prep pantry w/ formal dining are perfect for entertaining. Be wowed by the Primary Suite's balcony w/New River views, gym, sitting room/office, expansive closet & spa-like bath. Home features include a full Apartment suite, movie theater, wet bar, European white oak wood floors & Savant/Lutron home system.

Water & dockage

Water frontage7.4× the median here·743 ft
Lot depth215 ft
Max boat length279 ft · 269 ft · 95 ft · 44 ft
Max dock + boat widthno limit on the New River · 33 ft on the canal
WaterwayNew River
Water at propertyNew River (open water) · 112 ft canal
Dock setback5 ft each side
Lot positionPoint lot

Rules and limits for this property

We measure each of this lot's 4 water edges separately, then take 5 ft off each side — the dock setback that applies here, which is what leaves berths of 286 ft, 273 ft, 95 ft and 44 ft. This lot fronts two waters: the New River, where no canal width limits beam, and a 112 ft canal, where a dock and the boat tied to it may together reach 30% of the way across. Depth is the one limit we don’t state: no public survey covers these canals at a resolution we can rely on. We’ll measure it at the property for you.

Limits from Fort Lauderdale ULDR 47-19.3 (dock and mooring structures) and Code 8-91(e) (moored vessels).

Route to the ocean

InletPort Everglades
Distance2.3 nm
Run to the oceanabout typical for the street·25 min at 6 knplus bridge waits
1 drawbridge on the waySoutheast 17th Street·55 ft clearance when closed
Lowest clearance55 ft

The home

Bedrooms6
Bathrooms8
Interior9,995 sq ft
Lot37,526 sq ft
Year built2020

Price & taxes

Asking$39,999,999
Price / sq ft$4,002
Price / ft frontageabout typical for the street·$53,836

History

Days on market307 days
Last sale$7,845,000 · Jul 2014
MLS# F10535487 · BeachesMLS · Listed by Tim Elmes, Compass Florida, LLC
COMPUTED FROM PUBLIC SOURCES — VERIFY INDEPENDENTLY

Get the full read

  • Seawall condition and permit history
  • The dock: shore power and amperage, water, pilings, lift capacity
  • Seller's motivation and flexibility on price
  • Neighborhood and street assessment

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