Car dealer Alan Jay Wildstein has purchased a waterfront mansion in Fort Lauderdale for $26 million, significantly below its original listing price. Property records indicate that Wildstein acquired the 10,700-square-foot residence at 2406 Laguna Drive from Matthew and Lorena Roos, using $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 $10.3 million discount, according to Zillow. Marc Brandt and Jeffery Kotwica of Douglas Elliman represented the sellers, while Melissa Barragan of Dezer Platinum Realty represented the buyer.
Wildstein leads 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 been active in South Florida’s luxury real estate market. In 2022, he bought a unit in Gil Dezer’s Porsche Design Tower in Sunny Isles Beach for $14.4 million and flipped another unit there for $6.5 million that same year. In 2021, he sold another waterfront home in Fort Lauderdale for $7.5 million.
Matthew Roos is associated with several businesses registered in Florida, including M & L Investment Management, M & L Expeditions, and M & L Aero Sales & Leasing. The Rooses recently purchased another waterfront property at 2542 Laguna Drive for $7.6 million.
They 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 in 2021; amenities include a pool and dock.
This sale is part of a series of high-value luxury transactions as Fort Lauderdale enters its busy season after slower activity during the summer months. In August, retired racing driver Michael Andretti purchased a waterfront estate from Patrick K. Willis for $27.4 million, while last year financier Donald Sussman set a Broward County record by selling his compound for $70 million.
