Sunrise Harbor consists of twin 16-story buildings containing 352 luxury apartments with 16 guest suites and five-star amenities that have views of the Intracoastal Waterway, the Atlantic Ocean and the community's harbor. Amenities also include a 22-slip, mega-yacht marina. With 2,500 linear feet of docks, it is one of a few marinas in South Florida designed to accommodate yachts up to 160-ft long.

The property also has 7,000 sf of fully leased retail space. Tenants include Christensen Yachts; Mind, Body and Baby; Casbah Spa; and Euro Bread. In all, Sunrise Harbor, located at 1030 Seminole Dr., was more than 90% leased at the time of the sale. The property has consistently held similar occupancy levels since opening.

The property received the National Association of Home Builders' Multifamily Division's 2001 Pillars of the Industry Award for the nation's Best Luxury Multifamily Development. "This was a dream property near Fort Lauderdale Beach that had all the ideal components for a luxury mixed-use development," says Doug Eagon, president of Stiles Corp., in a statement.