Ft. Lauderdale Oceanfront Home in Lauderdale Beach
Within the last 90 days (January 1, 2010 – March 31, 2010), 117 Waterfront Homes were purchased through Brokers in Broward County, per MLS Records. NOTE: Waterfront, Ocean Access Land IS NOT the majority of the Land within Broward County and within the same period of time (January 1, 2010 – March 31, 2010), there were 2,791 Single Family non-Waterfront Homes purchased.
The Waterfront Homes purchased have a purchase price range (NOT LIST PRICE) of $200,000 – $10,800,000. The pictures above are pictures from the MLS of the Oceanfront Home in Ft. Lauderdale that was purchased for $5,650,000 on February 10, 2010. The average purchase price was $660,000 and almost all of the Homes purchased for under $500,000 are located in areas that have Fixed Bridges.
Of the 117 Homes purchased, 15 were Bank owned Foreclosures. I’m frequently asked, “Where are all of the Waterfront Foreclosures that I heard about?” The fact is that, with Waterfront property not being the majority of the property type and, thus, not the majority of purchases that were made, Waterfront Foreclosures ARE NOT and will never be the majority of the Foreclosure inventory. The majority of our Foreclosure Inventory is West of I-95 and West of U.S. 1. That being the case and considering the high demand for Foreclosures, most Waterfront Foreclosures are purchased VERY quickly and often above list price.
The Homes purchased are located in Ft. Lauderdale, Hallandale, Dania Beach, Deerfield Beach, Hollywood, Lauderdale by the Sea, Lighthouse Point, and Pompano Beach and their Waterfront locations are Intracoastal, Ocean access Canals, New River, and Oceanfront. A number of the Homes include Mega Yacht Dockage and 1 Home is a direct Oceanfront Home, on the Sand/Beach in Ft. Lauderdale, purchased for $5,650,000 (the Home pictured above) in Lauderdale Beach, Ft. Lauderdale’s ONLY Community that offers direct Oceanfront Single Family Homes.
Communities where the Homes are located include Bay Colony, Bermuda-Riviera, Las Olas Isles, Coral Key Villas, Coral Ridge Galt, Coral Ridge Country Club, Coral Ridge Isles, Coral Shores, Cypress Harbor, Cypress Isles, Davis Isles, Florian Isles, Garden Isles, Gill Isles, Golden Isles, Harbor Beach, Harbor Island, Harbor Village, Hillsboro Isles, Hillsboro Shores, Lake Estates, Lake Placid, Lauderdale Beach, Lauderdale Harbors, Lauderdale Isles, Lauderdale Surf & Yacht Estates, Lighthouse Point, Little Harbor on the Hill, Pompano Isles, Rio Vista Isles, River Lands, River Lanes, Riverland Manors, Santa Barbara Shores, Shelter Islands, Silver Shores, South New River Isles, Sunrise Key, Terra Mar Island Estates, The Cove, The Landings, Tropical Point, and Venetian Isles.
View additional purchase price information below:
-
19 Homes were purchased under $400,000
-
13 were purchased between $400,000 – $495,000
-
11 were purchased between $500,000 – $590,000
-
17 were purchased between $600,000 – $690,000
-
8 were purchased between $700,000 – $799,900
-
9 were purchased between $800,000 – $875,000
-
8 were purchased between $900,000 – $982,000
-
21 were purchased between $1,050,000 – $1,875,000
-
5 were purchased between $2,000,000 – $2,630,000
-
6 were purchased between $3,500,000 – $10,800,000
Of the Waterfront Homes sold within the first 90 days of 2010, the top 5 highest sales are of Homes located in the Ft. Lauderdale Neighborhoods of Bay Colony, Harbor Beach, Lauderdale Beach, and Las Olas Isles.
Currently, 815 Waterfront Single Family Homes in Broward County are listed for sale through Brokers and have a list price range of $210,000 – $42,000,000. Excluding Waterfront Homes, there are 6,939 Single Family Homes currently listed for Sale through Brokers in Broward County (Homes listed through Brokers comprise the vast majority of all Homes listed for Sale).
Click here to start your search for Waterfront Homes.
Related information of interest: