A firm led by two of the co-founders of Insurance Care Direct paid $24.5 million for a waterfront mansion in Fort Lauderdale.
Barbara J. Hutchings , representing the estate of her late husband, James L. Hutchings , sold the 16,534-square-foot home along the Intracoastal Waterway at 1818 S.E. 10th St. to JG South Florida Development LLC.
The buyer is managed by Jonathan Eric Gopman , but the loan guarantors on the $18.38 million mortgage from City National Bank of Florida are Seth Samuel and Bradley Jay Cohen , two of the co-founders of Insurance Care Direct. The buyer LLC also shares the same Deerfield Beach address as the insurance agency.
Julie Jones and Tim Murphy of Florida Luxurious Properties represented the seller in the deal, while Tim Elmes of the Elmes Group at Compass worked with the buyer. The price equated to $1,482 a square foot.
Built on the 1.4-acre site in 1939 and expanded in 1989, the home features 11 bedrooms, 12 bathrooms, five half-bathrooms, a theater room, a bar, an office, a pool, an eight-car garage, a full-house generator, and large balconies. The home has 370 feet of dockage. It’s called “La Maison Blanche.”
The home has been in the Hutchings family for more than 40 years. James Hutchings died in 2018 at age 79. He founded automotive air conditioning company S&H Fabricating and Engineering.
