Ft. Lauderdale Condo Hotels Purchased in 2010
Included in the Table below is information about sales of Condotels in Ft. Lauderdale, purchased from January – October of 2010. Sales activity and market conditions vary in each Building, of course, and the purchase price range of the Units sold was $76,500 – $2,522,000. The 6 Buildings have different features regarding Amenities, length of occupancy allowed by Owners, construction age of the Building, Waterfront location, Maintenance Fee amount, and their Revenue Sharing packages.
Of the Buildings below, 2 are Intracoastal front, Gallery One and Il Lugano. Only 1 is direct Oceanfront/on the Sand, and that’s Pelican Grand Beach Resort. Ritz Carlton, Hilton Resort, and The Atlantic Hotel are on A1A across from the Ocean, but without obstructing Buildings across the Street and in an area where the Beach across the Street isn’t wide enough to build anything, so future obstruction isn’t an issue.
| Total Sold | 4 | 27 | 11 | 7 | 28 | 4 |
| Sold Price Range | $1,385,000 – $2,522,000 | $150,000 – $619,000 | $76,500 – $225,000 | $152,000 – $535,000 | $100,000 – $175,000 | $399,000 – $500,000 |
| Avg. Purchase Price | $1,748,250 | $245,970 | $148,382 | $313,285 | $131,622 | $434,750 |
| Short Sales Sold | 0 | 15 | 4 | 1 | 5 | 0 |
| Foreclosures Sold | 0 | 9 | 5 | 3 | 17 | 0 |
| Regular Sales (not Foreclosure or Short Sale) | 4 | 3 | 2 | 3 | 6 | 4 |
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