The beautiful Community of Las Olas Isles remains in high demand for those who love the close proximity of the Beach, downtown Ft. Lauderdale, beautiful views, and wide, deep Canals without Fixed Bridges.
Within 2010, through August 31, 2010, sales of 33 Single Family Homes have been recorded in Las Olas Isles and Idlewyld. Their purchase price range was $560,000 – $10,800,000, with an average purchase price of $1,500,000. The $10,800,000 sale has been Broward County’s highest purchase price to date for the year of 2010.
Of the 33 sales, 24 are indicated to have been Cash purchases, which remain very prevalent in the current market.
Top 10 Sales
- 650 San Marco Drive.: Purchased for $10,800,000 on March 2, 2010
- 534 Bontona Avenue: Purchased for $7,639,909 on June 18, 2010 (Wayne Huizenga, Sr. was the Owner)
- 2623 Delmar Place: Purchased for $6,750,000 on June 8, 2010
- 417 Royal Plaza Drive: Purchased for $3,200,000 on July 29, 2010
- 2616 Delmar Place: Purchased for $3,060,000 on August 6, 2010
- 124 Royal Palm Drive: Purchased for $2,760,000 on August 2, 1010
- 2701 Sea Island Drive: Purchased for $2,630,000 on January 25, 2010
- 2415 Delmar Place: Purchased for $2,150,000 on March 16, 2010
- 2506 Aqua Vista Blvd.: Purchased for $2,150,000 on April 9, 2010
- 601 Isle of Palms: Purchased for $2,075,000 on June 28, 2010
Street Locations
The Homes that were purchased are located on the Las Olas Isles Streets of Isle of Capri, Coral Way, San Marco Drive, Delmar Place, Aqua Vista Blvd., Coconut Isle Drive, Royal Palm Drive, Barcelona Dr., Fiesta Way, Solar Isle Dr., Pelican Dr., Solar Plaza Dr., Riviera Dr., Sea Island Dr., Royal Plaza Dr., Isle of Palms, Mola Av., Bontona Avenue, Idlewyld Drive, and Poinciana Drive (Idlewyld Dr. and Poinciana Dr., are actually part of the Community of Idlewyld, which is directly off of Las Olas Blvd.).
Entry Level Homes
The lowest priced Homes in Las Olas Isles continue to be those that are in need of extensive renovation and updates, which are also known as “Teardowns”. Those who are familiar with Waterfront properties are aware that Land value is a significant part of property value and purchase price and the Las Olas Isles area is a prime example of that.
Foreclosures and Short Sales
5 of the 33 purchases were properties that were listed as Short Sales and 1 was a Bank Owned Foreclosure. In the current market, Short Sales and Foreclosures ARE NOT the majority of our Luxury Inventory and sales.
Pending Sales
Currently, there are 13 Homes that are listed as being under Contract for purchase in Las Olas Isles. Their list price range is $615,600 – $4,999,000, with an average list price of $2,071,654.
Homes for Sale in Las Olas Isles
Of ~700 Single Family Homes in Las Olas Isles, 98 are currently listed for sale, so Inventory isn’t high. Their price range is $625,000 – $20,000,000, with an average list price of $2,947,000. Click here to view Las Olas Isles listings and additional information about Las Olas Isles.
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