Investment fund manager lists Las Olas mansion for $20M
Rajiv and Ratika Jain paid $14M for estate less than two years ago
December 28, 2016 03:45PMBy Katherine Kallergis
650 San Marco Drive in Fort Lauderdale. Inset: Rajiv Jain
A Fort Lauderdale-based investment fund manager and his wife are listing their waterfront Fort Lauderdale mansion for $19.995 million.
Rajiv Jain, chairman and chief investment officer of GDQ Partners, and Ratika Jain are looking to sell the five-bedroom, 9,500-square-foot home at 650 San Marco Drive, according to Realtor.com. The asking price breaks down to about $2,105 per square foot.
Records show the couple paid $14 million for the property in January 2015. The 26,711-square-foot point lot has mega yacht dockage, 425 feet of deep water frontage and a pool. Built in 2011, the home features Venetian plaster walls, limestone and oak floors, beamed and coffered ceilings, a chef’s kitchen, two fireplaces, a wine cellar and a gym.
Tim Elmes of Coldwell Banker is the listing agent.
In Las Olas Isles, the property is the priciest listing followed by the $12 million listing of 600 Isle of Palms Drive. In all of Fort Lauderdale, it’s the fifth most expensive home for sale, according to Realtor.com. At the top of the list is the house at 615 Lido Drive, which is asking $32 million (down from $40 million.)
Jain is also portfolio manager of the GDQ Partners, a boutique investment management firm focused on global and emerging markets equities. He was previously co-CEO, CIO and portfolio manager of Vontobel Asset Management.
Source: The Real Deal