Haunted House

A priceless Fort Lauderdale property is sold on the cheap, and it's not the economy, stupid

Part of the appeal of 999 Riviera Isle is privacy. Outsiders can hardly see this vast villa from the road — even if they manage to get past the security gate that lies a block south of the street's intersection with Las Olas. That's because there's another, more imposing gate between two pillars at the property line. Through the wrought-iron bars and the low-hanging palm-tree leaves, one can barely make out the salmon-colored façade.

The Villa della Sirena (Villa of the siren in Italian) goes to the southernmost tip of a finger of land that adjoins the Intracoastal Waterway, providing a panoramic vantage point for the arcade that surrounds this marble-floored, 9,000-square-foot home, which curves along 400-plus feet of waterfront.

But to gain a real appreciation for the intrigue that surrounds this exclusive address, check the Broward County Property Appraiser website, where 999 Riviera Isle has a listed value of nearly $6.3 million. That figure is current for 2007. So it's a shock to see the "sales history" column on the very same page. It says the property sold that same year for just $3 million.

Is the South Florida real estate market so bleak that someone would dump one of Fort Lauderdale' s most valuable properties for less than half its assessed value? Or are there forces at work here other than the economy?

It depends on whom you talk to.

Asked for his take of the land deal, Fort Lauderdale real estate attorney Harold Bofshever's initial reaction was, "Something like that doesn't smell right." By the same token, Bofshever says he's never seen a real estate market as erratic as the current one, and after he hears that the deal had other components — an adjacent piece of property and home furnishings — that raised the combined sale price to more than $7 million, he deems it "not unreasonable." Still, he mused that it looks enough like a sweetheart deal, potentially, to arouse the interest of regulatory agencies.

John Chesler, a coordinator for the appraiser's real property division, is more skeptical. "No point lot near Las Olas would ever sell for $3 million or less," he says.

And at least one party with a stake in the deal is crying foul. Mary Ann Mc­Caleb, girlfriend of the property's deceased owner, Robert Williamson, has sued the estate in part because the property's low sale price means she gets a smaller cut.

This tranquil piece of Fort Lauderdale, one of the city's most elegant homes, is now the setting for a battle royal. The dead man's girlfriend is clashing with the dead man's daughter, who controls the estate, even as the property's buyer prepares for legal combat with the county appraiser. In the rarefied world of mysterious, seven-figure land deals, there are no sympathetic characters — except, perhaps, the taxpayers at whose expense this mess must be given a neat, legal resolution.

Robert Williamson dropped out of ninth grade in the 1930s, then enlisted in the Army in the 1940s. Shortly after, he invested, shrewdly, in the petrol business. By the 1980s, he had cruised to multimillionaire status — his Royal Petroleum Inc. was one of the nation's leading distributors of Texaco gasoline. He died last May at age 83.

McCaleb lived with Williamson, who was some three decades her senior, at the Villa della Sirena for nearly seven years. The mansion was, she says, "his most prized possession." In a June 2005 written statement, Williamson told his future heirs that a tax assessor placed his land's value at $15 million to $20 million. Since he doesn't cite the name of the assessor, it isn't possible to verify this estimate.

McCaleb remembers how Williamson had annual meetings with Joe Zdanowicz, the real property manager for the county appraiser. "He said, 'Bob, you have the best property in the city. It's worth $10 million,' " McCaleb recalls. Zdanowicz, who is recently retired, did not return messages left at his home.

Williamson's daughter, Barbara, was named executor of the estate. In August, she placed the property on the market for $7.75 million — a price that was "far below market value," according to a petition in McCaleb's suit against the estate. Neither McCaleb nor her attorney, Charles Lichtman, would elaborate as to what might have led Barbara Williamson to list the property at a low figure, especially considering she is also a beneficiary in the will and as such would stand to lose money from a below-market sale.

Barbara Williamson did not return numerous calls seeking comment, but her Fort Lauderdale attorney, C. Glenn Leonard, says that the purchase price reflects accurately the appraisal it received from the local real estate appraisal firm Meacham and Associates. Mike Meacham said he was not free to share that figure with New Times.

Whether Williamson mismanaged the property sale or not, it is apparent that she refused to honor certain aspects of her father's will that related to McCaleb. For instance, McCaleb was to be allowed to live in the house for a year after Robert Williamson's death when in fact she was thrown out in August 2007, three months after his death, in anticipation of the sale. Also, McCaleb, a licensed real estate agent, was to be the agent on the sale of the home, receiving a commission of 3 percent. In fact, the estate refused Mc­Caleb that lucrative assignment and gave the sale instead to Intercoastal Realty, which collected 5.5 percent on the sale.

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2 comments
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Thank GOD,,VICKY DID NOT GET ANYTHING!! That's what you get when you cheat!!!

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Thank God Vicky did not get it!!

 
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