Car dealer Alan Jay Wildstein has purchased a waterfront mansion in Fort Lauderdale for $26 million, significantly below its original listing price. Public records indicate that Wildstein acquired the 10,700-square-foot property at 2406 Laguna Drive from Matthew and Lorena Roos, utilizing $20.5 million in seller financing. The transaction equates to approximately $1,916 per square foot.
The property was listed for $36.3 million on November 24 and sold the following day at a discount of $10.3 million, according to Zillow. Marc Brandt and Jeffery Kotwica of Douglas Elliman represented the sellers, while Melissa Barragan with Dezer Platinum Realty represented Wildstein.
Wildstein leads the Alan Jay Automotive Network, which is based in Sebring and operates multiple dealerships across Central Florida. His family also owns Tropical Chevrolet in Miami Shores.
Wildstein has an established history of investing in South Florida luxury real estate. In 2022, he purchased a unit in Gil Dezer’s Porsche Design Tower in Sunny Isles Beach for $14.4 million and resold another unit there for $6.5 million that same year. In 2021, he sold another waterfront home in Fort Lauderdale for $7.5 million.
Seller Matthew Roos owns several businesses registered in Florida, including M & L Investment Management, M & L Expeditions, and M & L Aero Sales & Leasing. Recently, the Rooses bought another waterfront home at 2542 Laguna Drive for $7.6 million.
The couple originally acquired the 0.3-acre site at 2406 Laguna Drive for $4.9 million in 2018 before constructing the five-bedroom, three-bathroom mansion on it in 2021; amenities include a pool and dock.
This sale is part of a trend involving high-value luxury properties changing hands as activity increases during the busy season in Fort Lauderdale’s real estate market after a slower summer period; notable recent deals include retired racing driver Michael Andretti’s purchase of a large waterfront estate from Patrick K. Willis for $27.4 million last August and financier Donald Sussman’s record-setting sale of his compound last year for $70 million.
