The 16,000-sf home is located at #6 Harborage Isle Drive in Fort Lauderdale's exclusive Harborage Island neighborhood. Terry Taylor, president of Fort Lauderdale-based Automotive Management Services, and his wife, Cynthia, purchased the home.
Tutor had a healthy return on the property. He bought the home in February 2001 out of receivership for $7.2 million. Michael and Lindy Gause previously owned the home, according to Miami-Dade County real estate records.
Tutor is also chairman of public works contractor Tutor-Saliba Corp. in Sylmar, CA. Engineering News-Record has ranked the firm fourth largest in transportation construction project.
Tim Elmes of Miami Beach-based Wimbish-Riteway Realtors represented the seller.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
