Ft. Lauderdale Waterfront Homes

Ft. Lauderdale Waterfront Homes

 

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When considering Ocean Access Single Family Waterfront Homes in Ft. Lauderdale, the most desirable location is East of U.S. 1 in Communities without Fixed Bridges.  Such areas not only offer closest proximity to the Intracoastal and Ocean, but also the significant advantage of no limitations to Boat height since there aren’t Fixed Bridges to restrict clearance height.  Many also have deep Water and wide Canals–perfect for accommodating Yachts, Catamarans, and other large Vessels.  Available Property types include Canal front properties, Intracoastal front properties, and Riverfront properties–with Canal front Homes comprising the majority.

What are their current prices, what’s selling, and where are they located?

During January – May 31, 2017, 73 Single Family Waterfront Homes sold in Ft. Lauderdale Communities that are located East of U.S. 1 without Fixed Bridges in the Communities of Victoria Park, Las Olas Isles, The Landings, Sunrise Intracoastal, Riviera Isles, Rio Vista Isles, Lauderdale Harbors, Dolphin Isles, Harbor Beach, Coral Ridge Country Club, Bay Colony, and Bermuda-Riviera.  These Communities are located in Northeast and Southeast areas of Ft. Lauderdale.   Communities in Southeast Ft. Lauderdale are located closest to the Ft. Lauderdale Ocean Inlet.

The purchase price breakdown for the properties that sold is as follows:

  • 13 Properties sold for $702,000 – $1,000,000, with an average purchase price of $865,884
  • 14 Properties sold for $1,050,000 – $1,490,000, with an average purchase price of $1,190,883
  • 16 Properties sold for $1,500,000 – $1,950,000, with an average purchase price of $1,732,500
  • 16 Properties sold for $2,000,000 – $2,975,000, with an average purchase price of $2,365,708
  • 9 Properties sold for $3,175,000 – $4,800,000, with an average purchase price of $3,833,888
  • 5 Properties sold for $7,250,000 – $11,800,000, with an average purchase price of $9,424,000

Within these Communities, very few Properties sell for prices that are under $1 Million, so if your preferred price point is under $1 Million for a Ft. Lauderdale Single Family Waterfront Home, Communities that offer the majority of choices are those that are located West of U.S. 1 and West of I-95.

During the Months of January – May of 2017, 49 Waterfront Single Family Homes sold in Ft. Lauderdale Communities that are located West of U.S. 1 and/or West of I-95.  Their purchase price range was $400,000 – $700,000, with an average purchase price of $502,593.  Some are located in Communities with Fixed Bridges and some are in Communities without Fixed Bridges.  The Communities where the Properties are located are Bal Harbour, Coral Ridge Isles, Gill Isles, Laguna Isles, Lauderdale Isles, Riverland, and Citrus Isles aka South New River Isles.   Note:  the Fixed Bridges have low clearance height–ranging in approximate height from 6′ to 10′, so these Communities are not options to be considered for those who need high clearance height for their Boats.

With Waterfront Ocean access Properties, Land value is a significant part of the price, so Properties that are within the entry level price range are typically small and/or in need of renovation.  $1,000,000 won’t buy you a Mansion, but it will buy a great location.

Interested in exploring Ft. Lauderdale’s Waterfront Homes and viewing currently available listings?  Click the links below:

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