Broward Daily Business Review
321 words
18 April 2012
by Eric Kalis ekalis@alm.com
A Hungarian diplomat has sold a Hillsboro Beach mansion for $10 million to a Fort Lauderdale trust, according to Broward County records.
Tibor Toth sold an 11,288-square-foot oceanfront residence at 991 Hillsboro Mile to a trust managed by Fort Lauderdale attorney David Hardin on March 30. Broward County recorded the all-cash sale Monday.
Toth could not immediately be reached for comment. Calls to Hardin were not returned by deadline.
For the past seven years, Toth has served as the executive secretary of the Comprehensive Nuclear-Test Ban Treaty Organization based in Vienna, according to an online biography. Before that, Toth was Hungary's permanent representative to the United Nations. His involvement with CTBTO dates back 30 years, and he has spent most of his diplomatic career discouraging the use of nuclear weapons.
Toth paid $2.75 million for the 0.66-acre Hillsboro Beach property in March 2002 and constructed the mansion five years later, according to Broward County records.
The three-story home with six bedrooms and 9 bathrooms had been listed for sale most recently at $15.9 million. The residence includes an eight-space garage, billiard and wine-tasting rooms, a home theater and a swimming pool, according to listings.
The house had been listed for nearly four years, with a peak asking price of about $18 million in September 2008, according to the Multiple Listing Service.
Toth did not use the Hillsboro Beach mansion as his primary residence, according to the sale deed. He also owns a 19,416-squarefoot mansion on 2.43 acres at 3901 S. Ocean Blvd. in Highland Beach, according to Palm Beach County records. Toth paid $3 million for the oceanfront property in September 2003 and finished the home five years later.
Eric Kalis can be reached at (305) 347-6651
CTBTO Spokesperson and Chief, Public Information
Annika Thunborg,T +43 1 26030-6375
E annika.thunborgping@ctbtopong.
M +43 699 1459 6375
I www.ctbto.org
CORRECTION
M +43 699 1459 6375
I www.ctbto.org
CORRECTION
Dear blogger,
Please note that the article that has been posted on http://reformdesa.blogspot.
has been corrected in the Daily Business Review. You are kindly asked to either remove the original blog post or publish the correction and the corrected version of the article as it appears in the Review, copied below.
Many thanks!
Annika Thunborg
Spokesperson and Chief of Public Information
Preparatory Commission for the Comprehensive Nuclear-Test-Ban Treaty Organization (CTBTO)
Preparatory Commission for the Comprehensive Nuclear-Test-Ban Treaty Organization (CTBTO)
Connect with CTBTO on:
CORRECTION
• An article in the April 18 editions about a $10 million mansion sale in Hillsboro Beach incorrectly identified the seller, Tibor Toth, as a Hungarian diplomat who is executive secretary of the Comprehensive Nuclear-Test Ban Treaty Organization. According to a spokeswoman for the organization, the seller of the home is not the diplomat who works for the test ban organization. The Review regrets the error.'
THE CORRECTED ARTICLE
Hillsboro Beach mansion sells for $10 million
By Eric Kalis
Daily Business Review
April 18, 2012
A Hillsboro Beach mansion has been sold for $10 million to a Fort Lauderdale trust, according to Broward County records.
Tibor Toth sold an 11,288-square-foot oceanfront residence at 991 Hillsboro Mile to a trust managed by Fort Lauderdale attorney David Hardin on March 30. Broward County recorded the all-cash sale Monday.
Toth could not immediately be reached for comment. Calls to Hardin were not returned by deadline.
Toth paid $2.75 million for the 0.66-acre Hillsboro Beach property in March 2002 and constructed the mansion five years later, according to Broward County records.
The three-story home with six bedrooms and 9½ bathrooms had been listed for sale most recently at $15.9 million. The residence includes an eight-space garage, billiard and wine-tasting rooms, a home theater and a swimming pool, according to listings.
The house had been listed for nearly four years, with a peak asking price of about $18 million in September 2008, according to the Multiple Listing Service.
Toth did not use the Hillsboro Beach mansion as his primary residence, according to the sale deed. He also owns a 19,416-square-foot mansion on 2.43 acres at 3901 S. Ocean Blvd. in Highland Beach, according to Palm Beach County records. Toth paid $3 million for the oceanfront property in September 2003 and finished the home five years later.
Eric Kalis can be reached at (305) 347-6651.
ERIC KALIS
REAL ESTATE REPORTER | DAILY BUSINESS REVIEW
1 SE 3RD AVENUE: 900 | MIAMI, FLORIDA 33131
PHONE: (305) 347-6651 | FAX: (305) 347-6626
EMAIL: EKALIS@ALM.COM | WEB: WWW.DAILYBUSINESSREVIEW.COM
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