Las Olas Homes sold in March and April of 2011

Market Report for Las Olas Waterfront Homes

Within the last 2 months (March and April of 2011), 10 Waterfront Homes were purchased in the Las Olas area in the Communities of Las Olas Isles, Las Olas 7 Isles, Riviera Isles, and Idlewyld. The properties that were purchased are as follows:

Address	Purchase Price	Purchase Date
633 Flamingo Dr.	$2,700,000	March 21, 2011
541 Lido Drive	$2,300,000	March 16, 2011
2417 Aqua Vista Blvd.	$2,100,000	March 8, 2011
2340 Aqua Vista Blvd.	$1,925,000	March 31, 2011
509 Riviera Dr.	$1,475,000	February 7, 2011
512 Riviera Dr.	$1,200,000	February 28, 2011
315 Mola Avenue	$990,000	February 24, 2011
2508 Delmar Place	$797,500	February 11, 2011
350 Poinciana Dr.	$725,000	March 1, 2011
32 S. Gordon Rd.	$650,000	March 18, 2011

Details about the Home that was purchased for $2,700,000 (pictured below):

Located at 633 Flamingo Drive in Riviera Isles
83′ of Waterfront
5 Bedrooms and 6.5 Baths
3-Car Garage
5,900 Square Feet of Living Area and 8,000 total Square Feet
Built in 2006
Heated Pool & Outdoor Cabana Bath
Generator
Elevator
Jerusalem Stone & Cherry Wood Floors
2-Sided Fireplace
Smart House System
Gourmet Kitchen
Furnished

Details about the Home that was purchased for $650,000 (pictured below):

Located at 32 S. Gordon Rd. in Las Olas Isles
50′ of Waterfront (offers 30′ of Dockage because of 10′ Setbacks on each side)
3 Bedrooms and 2 Baths
No Garage or Pool
1,530 Square Feet
Built in 1946

Short Sales and Foreclosures

None of the properties were purchased as Short Sales and 1 was purchased as a Bank Owned Foreclosure. The Foreclosure that was purchased is 541 Lido Drive, which was listed for $2,371,050, purchased for $2,300,000, and was on the Market for only 10 days before an Offer was accepted for its’ purchase.

Pending Sales

Currently, there are 13 Properties that are listed as being under Contract for purchase in Las Olas Isles, Riviera, Seven Isles, and Idlewyld. When closings have been recorded for purchases, I will provide information about them in future updates.

Homes for Sale in Las Olas Isles

Of ~700 Single Family Homes in Las Olas Isles, Seven Isles, Idlewyld, and Riviera Isles, 97 are currently listed for sale. Their price range is $599,900 – $20,000,000, with an average list price of $2.6 Million. Click here to view Las Olas Isles listings and additional information about Las Olas Isles.