Berger Commercial Realty Facilitates $3.8 Million Sale of Coral Cay Apartments Near Fort Lauderdale Beach, FL

Coral Cay Apartments is a two-story, 7,116-SF apartment building situated on a 25,000-SF lot at 701 and 709 Orton Avenue
in Fort Lauderdale, FL

Steve Hyatt

FORT LAUDERDALE, FL – Berger Commercial Realty/CORFAC International Senior Vice President Steve Hyatt recently represented Colony Apartments, Inc. in the sale of Coral Cay to Contentus North Beach, LLC for $3.8 million. 

Following the closing on August 1, the 26-unit building is slated for redevelopment into a boutique beach hotel.

“For the last 50 years, Coral Cay was used as a private timeshare for a group of shareholders from the Midwest,” Hyatt said.

“The buyer was attracted to the property’s proximity to Fort Lauderdale Beach and its location in the heart of the fast-growing and trendy North Beach area, which is undergoing massive redevelopment into a contemporary seaside village with upscale condos, hotels, restaurants and retail space.”

Located at 701 and 709 Orton Ave. in Fort Lauderdale, Coral Cay is a two-story, 7,116-square-foot apartment building situated on a 25,000-square-foot lot. The property includes a pool, sun deck and large grass recreation area.