Lakefront Pembroke Pines apartment complex sells for $80.5M to out-of-state buyer
A Pembroke Pines apartment complex has sold to a Chicago-based real estate firm for over $80 million, according to county records.
Property management company Bar Invest Group sold The Landings at Pembroke Lakes, located at 10650 Washington St., for $80.5 million on June 24, Broward property records show.
The buyer, Waterton Residential, purchased the complex for just over $2 million more than the market value assigned to the plot by Broward property appraiser Marty Kair, approximately $78 million.
According to Kiar, it last sold in 2016 for $23.4 million.
Here’s what The Landings at Pembroke Lakes’ most-recent sale included:
Built in 1989, the complex is made up of 358 one- and two-bedroom units on roughly 25 acres of land, according to county records, and features a 45-acre lake.
Floor plans span 486 square feet for a one-bedroom, one-bathroom to 1,046 for a two-bedroom, two-bathroom, according to the complex’s website.
Amenities include a pool, fitness center, dog park and beach volleyball pit, among others, and nearby attractions include City Center, Pembroke Lakes Mall, Memorial Hospital West and C.B. Smith Park.
Pricing is only available upon request, however rent can cost anywhere from $1,876 to $2,736 per month, the South Florida Business Journal reported on June 24.
For more information, visit The Landings at Pembroke Lakes’ website.
