South Florida Oceanfront Homes for Sale & Real Estate Market Report

Oceanfront Homes sold in South Florida in 2010

Within the first 8 months of 2010, sales of 16 direct Oceanfront Single Family Homes have been recorded in Palm Beach, Broward, and Miami-Dade County. Their purchase price range was $1,180,000 – $12,650,000.

Oceanfront Homes on the Beach are rare and are the smallest portion of available Waterfront Homes. The vast majority of properties on the Beach are Condos instead of Single Family Homes. Currently, less than 100 Oceanfront Single Family Homes are listed for sale in Broward, Miami-Dade, and Palm Beach Counties, with an average entry level price of $3,000,000. As is typical with Waterfront Properties, the majority of those at entry level pricing are sold for primarily Land value alone and existing Houses on the property are considered to be “Teardowns” or in need of significant renovation.

Delray Beach Oceanfront Home

Pictured above is a Delray Beach, FL Oceanfront Home located at 969 S. Ocean Blvd., purchased for $12,650,000 on April 5, 2010. It has 14,679 Square Feet, 6 Bedrooms, 7 baths, a 4-Car Garage, and is located on 2-acres of direct Oceanfront property on the Sand.