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Insurance boss buys $17M waterfront Fort Lauderdale spec house

Deal reveals dramatic price growth in the market; seller bought site for $4M in 2022

2572 Mercedes Drive (Google Maps)
2572 Mercedes Drive (Google Maps)
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Key Points

AI Generated.
This summary is reviewed by TRD Staff.
  • Jeffrey and Shimera Franzoni purchased a waterfront spec home in Fort Lauderdale for $17 million.
  • The seller, an entity managed by Leonard Tarzia, bought the 0.3-acre site for $4 million in 2022 and completed the 7,600-square-foot house in 2023.
  • The Fort Lauderdale luxury real estate market has recently seen significant price growth, with several high-value sales.

The head of an insurance marketing firm dropped $17 million on a waterfront spec home in Fort Lauderdale.

Records show Jeffrey and Shimera Franzoni bought the house at 2572 Mercedes Drive from a Florida LLC named for the address and managed by Leonard Tarzia. 

Jeffrey Franzoni is the principal of Synergy Insurance Marketing in Fort Lauderdale. He also is a realtor with Beachfront Realty and represented himself in the sale. Gregory Jaxtheimer of Florida Luxurious Properties had the listing.

Tarzia listed his address as the waterfront home at 5 Fox Point Drive in Nissquogue, New York. He appears to be the owner of a pet cemetery in Middle Island, New York.

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Records show Tarzia bought the waterfront 0.3-acre Fort Lauderdale site for $4 million in 2022, records show. He completed the 7,600-square-foot house in 2023, according to the listing. It has six bedrooms, six bathrooms, two half-bathrooms, a pool and a dock, the listing shows. 

It hit the market for $16 million in 2023, and the asking price was increased twice in 2024, according to Realtor.com. 

Price growth has exploded in Fort Lauderdale’s luxury real estate market in recent years. In September, financier Donald Sussman sold a waterfront mansion for a record $70 million

More recently, real estate investors Viktor and Anto Pekic bought a waterfront home in Fort Lauderdale’s Coral Ridge Country Club for $7.2 million last month. In December, software mogul Miguel Zubizarreta sold a waterfront home for $8.8 million

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