News > Lauderdale-by-the-Sea

Ill. excavating president sells Sea Ranch condo

by Mallory Davis, published Jan. 24, 2008

The trust of Madeline Lenzini sold a two-bedroom, two bath condo at 5100 N. Ocean Blvd. in Lauderdale-by-the-Sea to E. Dale Wilkinson for $627,500 on Dec. 14.

Unit #814 is located in the Sea Ranch complex. The 1,764 square foot condo was listed for $660,000.

Ms. Lenzini has served as president of Lenzini Excavating, a trucking, excavating and grading company based in Palatine, Ill.

The Sea Ranch condominium is an oceanfront community with 923 units over four buildings.

Condo sales in Lauderdale-by-the-Sea dropped three percent through Dec. 15, 2007, versus the same period in 2006. The median sales price also decreased $41,000, from $366,000 to $325,000.

Sales in Sea Ranch rose 60 percent through Dec. 15, 2007, versus the same period in 2006. The median sales price, however, dropped $31,000, from $536,000 to $505,000.

BlockShopper Metrics began keeping track of condo sales in South Florida in 2001.

Filed under: No story tag

Address: Highrise5100 N. Ocean Boulevard, Unit: 814
Buyer(s): E Dale Wilkinson and E Dale Wilkinson Gst Trust
Seller(s): Wendy Lenzini Gold and Madeline Lenzini Qualified Personal Residence Trust
Sale date: Dec. 14, 2007

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