Luxury Homes Purchased in Broward County in January of 2011
During the month of January 2011 **, 68 Homes were purchased in Broward County in a purchase price range of $500,000* – $7,757,500 and information in the Table below details their locations and purchase prices. 30 of the purchases are listed as being Cash purchases. Of the 68 Homes purchased, 6 were Bank Owned Foreclosures and 8 were Short Sales.
Note for comparison purposes: During the month of January, 762 Single Family Homes in Broward County were purchased with prices under $500,000.
|
City |
# Sold |
Purchase Price Range |
| Ft. Lauderdale | 20 | $500,000 – $7,757,500 |
| Coconut Creek | 1 | $585,000 |
| Davie | 7 | $575,000 – $1,180,000 |
| Hillsboro Beach | 1 | $7,700,000 |
| Hollywood | 2 | $625,000 – $1,395,000 |
| Lauderdale by the Sea | 1 | $900,000 |
| Lighthouse Point | 3 | $815,000 – $2,346,000 |
| Miramar | 2 | $524,500 – $530,000 |
| Parkland | 6 | $505,000 – $825,425 |
| Plantation | 6 | $520,000 – $1,358,333 |
| Pompano Beach | 3 | $505,000 – $1,025,000 |
| Southwest Ranches | 3 | $500,000 – $3,400,000 |
| Weston | 9 | $519,000 – $1,500,000 |
| Wilton Manors | 1 | $520,000 |
| Coral Springs | 2 | $515,000 – $590,000 |
| Hallandale | 1 | $580,000 |
*-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 our 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 $7,757,500 (pictured below)
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Purchased January 15, 2011
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Located at 229 Nurmi Drive in Ft. Lauderdale
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Point Lot with ~435 total feet of Waterfront
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The Home was purchased in addition to a Vacant 100′ Lot next Door
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6 Bedrooms and 5 Full Baths
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7,502 total Square Feet
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4-Car Garage
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Pool
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Built in 1995
Top 10 Sales
Of the 68 Homes sold, the 10 with the highest purchase prices are as follows (9 of the 10 are Waterfront Ocean Access Homes):
- 229 Nurmi Drive in Las Olas Isles in Ft. Lauderdale, purchased for $7,757,500 on January 15, 2011
- 1009 Hillsboro Mile in Hillsboro Beach, purchased for $7,700,000 on January 27, 2011
- 16750 Stratford Court in Landmark Ranch Estates in Southwest Ranches, purchased for $3,400,000 on January 13, 2011
- 15 Isla Bahia Drive in Harbor Beach in Ft. Lauderdale, purchased for $3,000,000 on January 28, 2011
- 3050 NE 23rd Avenue in Lighthouse Point 4th in Lighthouse Point, purchased for $2,346,000 on January 5, 2011
- 2601 Sea Island Drive in Seven Isles (Las Olas Isles area) in Ft. Lauderdale, purchased for $2,000,000 on January 13, 2011
- 613 Solar Isle Drive in Riviera in Ft. Lauderdale, purchased for $2,000,000 on January 31, 2011
- 195 Nurmi Drive in Nurmi Isles/Las Olas Isles in Ft. Lauderdale, purchased for $1,900,000 on January 17, 2011
- 1336 Seminole Dr. in Beach Way Heights in Ft. Lauderdale, purchased for $1,850,000 on January 7, 2011
- 4020 NE 30th Avenue in Venetian Isles in Lighthouse Point, purchased for $1,750,000 on January 4, 2011
Communities where the 68 Homes were Purchased
Ft. Lauderdale
Beachway Heights, Coral Ridge Country Club, Coral Ridge Isles, Harbor Beach, Lake Estates, Las Olas Isles, Nurmi Isles/Las Olas Isles, Riviera, Seven Isles (Las Olas Isles area), Sunrise Intracoastal, The Landings, and Victoria Park.
Hillsboro Beach
Oceanfront Home on Hillsboro Mile
Lauderdale by the Sea
Terra Mar Island Estates
Lighthouse Point
Lighthouse Point 4th, Venetian Isles, and Lake Placid
Miramar
Sunset Lakes and Harbour Lakes Estates
Parkland
Heron Bay and Parkland Isles
Davie
Emerald Isles, Lake Estate at Rolling Hills, Long Lake Ranches, Mystique, Riverstone, and Stonebrook Estates.
Plantation
Church Street, Hawks Landing, and Plantation Acres
Hollywood
Harbor Islands and Emerald Hills.
Weston
The Islands, Weston Hills Country Club, Savanna, and Windmill Ranch Estates
Pompano Beach
Hillsboro Harbor, Harbor Village, and Pompano Beach Estates.
Southwest Ranches
Landmark Ranch Estates and Sunshine Ranches
Wilton Manors
Letarte Plat
Coral Springs
Whispering Woods and The Isles
Coconut Creek
Palm Beach Farms
Broward Luxury Homes for Sale
Currently, there are 1,705 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 1,705 listings, 8 are Bank Owned Foreclosures and 173 are Short Sales, so distressed properties are a very small part of the current inventory of Luxury properties for sale and Luxury Homes are not the majority of the total inventory of properties listed for sale, contrary to popular opinion. In the price range under $500,000, 6,258 Single Family Homes are listed for Sale in Broward County’s 30 Cities.
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