Car dealer Alan Jay Wildstein bought a waterfront mansion in Fort Lauderdale for $26 million and a steep discount to the listing price.
Records show Wildstein bought the 10,700-square-foot home at 2406 Laguna Drive from Matthew and Lorena Roos. He bought the home with $20.5 million in seller financing, records show. The price amounts to $1,916 per square foot.
The sellers listed it for $36.3 million on Nov. 24 and sold at a $10.3 million discount the next day, Zillow shows. Marc Brandt and Jeffery Kotwica with Douglas Elliman had the listing, and Melissa Barragan with Dezer Platinum Realty brought the buyer.
Wildstein is the head of Alan Jay Automotive Network, a dealership group headquartered in Sebring with locations throughout Central Florida. His family also owns Tropical Chevrolet in Miami Shores, according to published reports.
He is a frequent investor in South Florida luxury real estate. In 2022, he bought a unit in Gil Dezer’s Porsche Design Tower in Sunny Isles Beach for $14.4 million. Records show he flipped another unit in the tower for $6.5 million that year. In 2021, he sold a waterfront Fort Lauderdale home for $7.5 million.
Seller Matthew Roos owns several businesses, according to Florida state records. They include M & L Investment Management, M & L Expeditions and M & L Aero Sales & Leasing. The Rooses bought a waterfront home at 2542 Laguna Drive in November for $7.6 million, records show.
They bought the 0.3-acre 2406 Laguna Drive property for $4.9 million in 2018, according to property records. They built the five-bedroom, three-bathroom mansion in 2021, records show. The property includes a pool and a dock.
Their deal with Wildstein marks the latest pricey luxury deal in Fort Lauderdale as the busy season ramps up. Deals slowed through the summer, but in August retired racing driver Michael Andretti bought a 17,800-square-foot waterfront estate from repo king Patrick K. Willis for $27.4 million.
Last year, financier Donald Sussman sold his Fort Lauderdale compound for $70 million, setting a single-family price record for Broward County.