Rio Vista Homes for Sale in Ft. Lauderdale| Rio Vista Waterfront Homes

The Community of Rio Vista

The beautiful Community of Rio Vista remains one of Ft. Lauderdale’s most desireable Communities and I recently visited the Community again when showing Properties to several Buyers who are interested in purchasing properties in the area. Located within close proximity to the Beach and Las Olas area, Rio Vista has Waterfront and non-Waterfront properties on picturesque Tree-lined Streets. The Waterfront properties in Rio Vista offer Ocean access WITHOUT Fixed Bridges and are located along the New River, Canals, and the Intracoastal. A number of the Properties are perfect for Mega Yacht Dockage and wide, deep Canals offer great opportunities to Dock other large Vessels as well. Property values are great and being zoned for “A”-rated Schools is yet another attractive feature.

2011 Market Activity in Rio Vista

Recently Purchased Homes

In 2011, through March 31st, 8 Properties have been purchased. Their purchase price range was $360,000 – $1,700,000, with an average purchase price of $864,375. The properties that were purchased are listed below:

709 N. Rio Vista Blvd. – purchased for $1,700,000 on 3/11/11 (a Waterfront Teardown)
1605 SE 9th St.- purchased for $1,400,000 on 2/25/11 (Waterfront)
711 Cordova Rd.- purchased for $940,000 on 3/18/11 (has a Deeded Dock across the Street)
1200 Ponce de Leon Dr.- purchased for $820,000 on 3/15/11
1309 Ponce de Leon Dr. – purchased for $625,000 on 2/3/11 (a Waterfront Teardown)
908 SE 6th Ct. – purchased for $570,000 on 3/8/11
1138 N. Rio Vista Blvd. – purchased for $500,000 on 3/31/11
813 SE 6th St.- purchased for $360,000 on 1/10/11

Details about the Home that was purchased for $1,700,000, located at 709 N. Rio Vista Blvd. (pictured below):

106′ of Waterfront on the New River
200′ deep Lot
4 Bedrooms and 4 Baths
3,500 Square Feet
2-Car Garage
Built in 1955
Purchased primarily for Land Value alone, also known as a Teardown

Pending Sales

11 Properties are listed as being under Pending Contract for purchase (Buyers submitted Offers for purchase that were accepted by the Property Owners). The list price range of the Properties is $339,900 – $1,495,000, with an average list price of $730,800.

Homes for Sale

Of over 1,000 Homes in the Community of Rio Vista, only 54 are currently listed for sale, so Inventory is low. The price range of the properties for sale is $257,900 – $8,995,000, with an average list price of $882,450. Of the 54 properties, 17 are Waterfront and their price range is $785,000 – $8,995,000 (only 2 are priced under $1,000,000).

Of the 54 listings of properties for Sale, 7 are Short Sales and 1 is a Bank Owned Foreclosure, so Inventory of Distressed Properties is minimal, as is typical in our Luxury Communities.

Homes in Rio Vista are of varying Architectural styles (Contemporary, Mediterranean, Ranch, Colonial, etc.) and include Historic Homes, Homes that are of new Construction, Luxury Homes/Estates, Waterfront Homes, and non-Waterfront Homes.

Click here to view listings of Homes for Sale in Rio Vista and additional information about the Community.

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2010 Market Activity in Rio Vista

During 2010, 32 Properties were purchased in Rio Vista. Their purchase price range was $195,000 – $4,600,000.

19 of the 32 Purchases were Cash purchases.

Of the 32 Properties that were purchased, 11 are Waterfront Properties. The purchase price range of the Waterfront Properties was $585,000 – $4,600,000, with an average purchase price of $1,724,286. Of the 11 Waterfront Properties that sold, the property purchased for $585,000 was the only one that was purchased for under $1,000,000.

Of the 32 Properties that were purchased, 21 are non-Waterfront Properties. Their purchase price range was $195,000 – $1,300,000, with an average purchase price of $569,290.