This year, 6 Homes have been purchased, to date, in the Community of Lauderdale Beach and their purchase price range was $499,900 – $5,650,000. Of the Homes that were purchased, 3 are direct Oceanfront Homes and 3 are non-Waterfront Homes. The purchase price range of the Oceanfront Homes was $2,200,000 – $5,650,000.
2408 N. Atlantic Blvd., purchased for $5,650,000 on February 8, 2010 (pictured above)
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2620 N. Atlantic Blvd., purchased for $2,575,000 on September 10, 2010
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3066 N. Atlantic Blvd., purchased for $2,200,000 on September 30, 2010
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2525 Center Avenue, purchased for $830,000 on March 25, 2010
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2905 Center Avenue, purchased for $620,000 on May 5, 2010
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2421 N Atlantic Avenue, purchased for $499,900 on October 18, 2010 and listed for $524,700 (pictured below)
This property was purchased as a Bank Owned Foreclosure and went under Contract only 7 days after it was listed for sale, which isn’t surprising. The purchase price of $499,900 was very significantly below the average price range for this Neighborhood, so a savvy Buyer obviously recognized the opportunity and moved quickly. Of course, the property is a “Teardown”, but Land value for property in an Oceanfront Neighborhood is tremendous, regardless of current market conditions, and this was an amazing steal of a deal that’s rarely available! |
Foreclosures and Short Sales
Of the properties that were purchased, none were Short Sales and one was a Bank owned Foreclosure (the property at 2421 N. Atlantic Avenue that was purchased for $499,900). None of the current Listings of properties for sale are Bank Owned Foreclosures or Short Sales.
Lauderdale Beach Homes for Sale
Currently, 17 Homes are listed for sale. Their price range is $600,000 – $7,900,000. 9 of the listings are non-Waterfront Homes listed for $600,000 – $1,675,000. 8 listings are Oceanfront Homes listed for $3,495,000 – $7,900,000.
Lauderdale Beach is Ft. Lauderdale’s only Neighborhood of direct Oceanfront Single Family Homes. The views are beautiful, of course, and the location is perfect if you enjoy having the Ocean as your back yard or if you want a Home that’s within walking distance of the Beach.
Click to view listings of Homes for Sale in Lauderdale Beach.
Related information of interest: