Luxury Homes Purchased in Broward County in December of 2010
During the month of December 2010**, 87 Homes were purchased in Broward County in a purchase price range of $500,000* – $3,699,900 and information in the Table below details their locations and purchase prices. 31 of the purchases are listed as being Cash purchases. Of the 87 Homes purchased, 8 were Bank Owned Foreclosures and 16 were Short Sales.
The month of December’s 87 sales is an increase over the month of November when 74 Luxury Homes were purchased.
|
City |
# Sold |
Purchase Price Range |
| Ft. Lauderdale | 25 | $535,000 – $3,699,900 |
| Parkland | 14 | $500,000 – $2,150,000 |
| Weston | 12 | $500,000 – $1,760,000 |
| Davie | 12 | $525,000 – $1,205,000 |
| Pompano Beach | 7 | $510,000 – $1,130,000 |
| Hallandale Beach | 4 | $605,000 – $1,150,000 |
| Hollywood | 3 | $680,000 – $1,400,000 |
| Lighthouse Point | 3 | $635,000 – $900,000 |
| Coral Springs | 3 | $555,000 – $609,000 |
| Plantation | 1 | $600,000 |
| Southwest Ranches | 1 | $570,000 |
| Sea Ranch Lakes | 1 | $660,000 |
*-For my Luxury Real Estate Market Reports, I use $500,000 as the minimum purchase price since sales of $500,000 and above in our local Market are the top 10% of the market in terms of purchase prices.
**-For reporting timeframe, I wait several weeks after Closings before I report them in order to allow time for all or most of the purchases to be recorded in the MLS and Property Tax Records.
Details about the Home that was purchased for $3,699,900 (pictured below)
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Purchased December 29, 2010 for $3,699,900
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Purchased primarily for Land value (also known as a Teardown)
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100′ of direct Oceanfront on the Sand in Lauderdale Beach, Ft. Lauderdale’s only Community that has Single Family Homes that are directly on the Beach
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3,771 Square Feet
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4 Bedrooms and 5 Full Baths
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2-Story Home
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Built in 1959
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2-Car Garage
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Pool
Top 10 Sales
Of the 87 Homes sold, the 10 with the highest purchase prices are as follows (6 of the 10 are Waterfront Homes):
- 2812 N. Atlantic Blvd. in Lauderdale Beach in Ft. Lauderdale (pictured above), purchased for $3,699,900 on December 29, 2010
- 2400 Sunrise Key Blvd. in Sunrise Key in Ft. Lauderdale, purchased for $2,300,000 on December 20, 2010
- 8325 NW 60th Place in Tall Pines in Parkland, purchased for $2,150,000 on December 31, 2010
- 721 Idlewyld Dr. in Idlewyld in Ft. Lauderdale, purchased for $2,000,000 on December 4, 2010. This Home was built in 1921 and is the first Home that was built in Idlewyld
- 626 Solar Isle Drive. in Riviera Isle in Ft. Lauderdale, purchased for $1,850,000 on December 22, 2010
- 309 Bontona Avenue in Las Olas Isles in Ft. Lauderdale, purchased for $1,800,000 on December 10, 2010
- 2548 Sanctuary Drive in Weston Hills Country Club in Weston, purchased for $1,760,000 on December 30, 2010
- 1536 SE 12th Ct. in Lauderdale Harbors in Ft. Lauderdale, purchased for $1,570,000 on December 3, 2010
- 2925 Meadow Ln. in Windmill Ranch Estates in Weston, purchased for $1,540,000 on December 6, 2010
- 3075 Old Still Lane in Windmill Ranch Estates in Weston, purchased for $1,500,000 on December 8, 2010
Communities where the 87 Homes were Purchased
Ft. Lauderdale
Bermuda-Riviera, Colee Hammock, Coral Ridge Country Club, Coral Ridge Galt, Coral Ridge North, Victoria Park, Harbor Beach Extension, Harbor Beach, Idlewyld, Lauderdale Beach, Lauderdale Harbors, Nurmi Isles in Las Olas Isles, Riviera Isles, Rio Vista, Las Olas Isles, Sunrise Intracoastal, and Sunrise Key.
Parkland
Cypress Head, Parkland Golf and Country Club, Heron Bay, Parkland Isles, Pinetree Estates, Tall Pines, and The Colony.
Weston
Egret Landing in The Landings, Savanna, Weston Hills Country Club, and Windmill Ranch Estates
Pompano Beach
Harbor Village, High Ridge Estates, Hillsboro Harbor, and Terra Mar Island Estates.
Davie
Grove Creek, Country Ridge Estates, Eagle Springs, Exotic Acres, Highland Ranch Estates, Imagination Farms, Riverstone, Stonebrook Estates, and Woodbridge Ranches.
Hallandale
Golden Isles and Diplomat Golf Estates.
Hollywood
Harbor Islands and Hollywood Lakes (I represented the Buyers who purchased 832 Hollywood Blvd. in Hollywood Lakes for $680,000 0n December 14, 2010).
Lighthouse Point
Venetian Isles and Coral Key Villas.
Pembroke Pines
Grand Palm
Plantation
Jacaranda
Sea Ranch Lakes
Subdivision of Sea Ranch Lakes
Southwest Ranches
Rolling Oaks
Coral Springs
Whispering Woods and Eagle Trace
Luxury Homes for Sale
Currently, there are 1,778 listings of Single Family Homes in Broward County that are listed for prices of $500,000 and above. The highest list price is $39,950,000 for an Oceanfront Home on Hillsboro Mile. Of the 1,778 listings, 9 are Bank Owned Foreclosures and 191 are Short Sales, so distressed properties are a very small part of the current inventory of Luxury properties for sale. Luxury Homes are not the majority of the total inventory of properties listed for sale. In the price range under $500,000, 6,683 Single Family Homes are listed for Sale in Broward County’s 30 Cities.
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