South Florida Oceanfront Homes- What’s Selling?

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

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.

Details about the 16 Homes purchased

Ft. Lauderdale

1 Home purchased for $5,650,000 in the Oceanfront Community of Lauderdale Beach

Hillsboro Beach

4 Homes on Hillsboro Mile purchased for:

  • $3,900,000
  • $6,300,000
  • $9,250,000
  • $9,300,000

Hollywood

A Home on Surf Rd. was purchased for $1,180,000

Palm Beach

A Palm Beach Island Home in Sea Isle Estates was purchased for $8,538,400

Highland Beach

3 Homes on Ocean Blvd. purchased for:

  • $12,650,000
  • $3,625,500
  • $6,850,000

Juno Beach

A Home in the 700 Ocean Drive Community was purchased for $4,450,000

Jupiter Inlet

A Home in Jupiter Inlet Beach Colony was purchased for $5,175,000

Manalapan

2 Homes on Ocean Blvd. were purchased for:

  • $12,000,000
  • $7,150,000

Delray Beach

2 Homes on Ocean Blvd. purchased for:

  • $12,650,000
  • $2,990,000

South Florida Oceanfront Homes for Sale




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Related information of interest:

 

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Comments

  1. June 2011 Market Update for South Florida Oceanfront Homes:
    http://southfloridahomespot.com/2011/07/03/south-florida-oceanfront-homes-2/

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