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Rancho Mirage Sells for $1.64 Mil

BROWARD COUNTY, FL-Rancho Mirage owners sell their 12.6-acre ranch along Stirling Road for $130,158 per acre. The acreage has more than quadrupled in value since 1974. The selling price translates to $2.98 per sf.

By Pat Taylor | Updated on December 21, 2001

BROWARD COUNTY, FL-Michael A. and Candace Carlow have sold 12.6 acres known as the Rancho Mirage Ranch at 14001 Stirling Road to AF Management of South Florida for $1.64 million, or $130,158 per acre, or $2.98 per sf, according to Integra Realty Resources, AREEA/South Florida, a Miami real estate research organization.

The ranch has quadrupled in value during the last 27 years. It sold for $410,000 in 1974, $600,000 in 1984 and $1.18 million in 1999. It was foreclosed in 1998. Homes and other buildings totaling 9,356 sf that had been built on the land have been removed.

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