March, 2011 Luxury Condo Purchases

March, 2011 Luxury Condo and Townhome Purchases in Broward County

During the month of  March, 2011, 54 Luxury Condos and Townhomes were purchased in a purchase price range of $500,000 – $2,490,000 in Broward County.

The properties are located in the Cities of Ft. Lauderdale, Deerfield Beach, Hallandale, Hollywood, Hillsboro Beach, Lauderdale by the Sea, Pompano Beach, and Sunrise.

Note for comparison purposes:  In the purchase price range under $500,000, there were 1,879 purchases of Condos in Broward County during the month of March.

Additional details about the properties that were purchased

• 49 of the 54 properties purchased are Waterfront Properties (located Intracoastal front, Oceanfront, Riverfront in the Las Olas area, and on Ocean Access Canals)
• Regarding Waterfront Condos, the Term “Luxury” is relative because prices vary significantly based on views from the Unit, low Floor vs. high Floor, quality of the Building, type of Waterfront location, and other factors, so it’s possible, in some cases, to pay a luxury price for a Unit that’s in need of complete updating and/or remodeling because the price reflected fabulous views, larger size, and/or other features that demand premium price
• 5 of the Properties were purchased as Bank Owned Foreclosures
• 4 of the Properties were purchased as Short Sales

The top 10 Sales were:

1. Ritz Carlton Condo Unit 1906, purchased for $2,490,000
2. Ocean Vue Townhouse, purchased for $2,100,000
3. Villas of Positano Condo, Penthouse 2, purchased for $1,750,000
4. Diplomat Oceanfront Residences Condo Unit 2101, purchased for $1,650,000
5. Alhambra Place Condo Unit 501, purchased for $1,325,000
6. Las Olas Beach Club Condo Unit 2001, purchased for $1,300,000
7. Las Olas River House Condo Unit 3803, purchased for $1,120,000
8. Diplomat Oceanfront Residences Condo, Unit 1502, purchased for $1,100,000
9. Villas of Positano Condo, Unit 5C, purchased for $1,050,000
10. Aquazul Condo Unit 1103, purchased for $1,050,000

Information about the Condo that was purchased for $2,490,000 (pictured below):

• Purchased for $2,490,000 on March 17, 2011
• Unit 1906 in Ritz-Carlton Ft. Lauderdale
• Built in 2006
• 3 Bedrooms and 3.5 Baths
• 2,534 Square Feet of Living Area and 2,977 total Square Feet
• $2,009  monthly Maintenance Fee

Ft. Lauderdale Properties Sold

Sapphire Condo, Alhambra Place Condo, Coconut Grove Residences Condo, L’Ambiance Condo, Las Olas Beach Club Condo, Las Olas Grand Condo, Las Olas River House Condo, Le Club International Condo, Point of Americas Condo, Ritz Carlton Condo, Seaside Villas Townhome, Seminole Lake Townhome, The Meritage Condo, Victoria Park Townhome, and Villas of Sunrise Bay Townhouse.

Deerfield Beach Properties Sold

Ocean Plaza Condo and Ocean Vue Townhouse.

Pompano Beach Properties Sold

Sonata Beach Club Condo, The Plaza at Oceanside Pompano Beach Condo, Ocean Pearl Townhouse,

Hollywood Properties Sold

Diplomat Oceanfront Residences Condo, Ocean Palms Condo, Villas of Positano Condo, and Trump Hollywood Condo.

Hallandale Properties Sold

Beach Club Condo Towers 1, 2 and 3.

Lauderdale by the Sea Properties Sold

Villas by the Sea Condo, Aquazul Condo, Hampton Beach Club Condo, and Sea Ranch Club Condo.

Hillsboro Beach Property Sold

Hillsboro Ocean Club Condo

Sunrise Property Sold

Artesia Townhome

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Related Information:

• February, 2011 Luxury Condo Sales
• Ft. Lauderdale Waterfront Condos
• Ft. Lauderdale Oceanfront Condos
• Las Olas Condos
• Ft. Lauderdale Intracoastal Condos
• Ft. Lauderdale Waterfront Townhouses
• Pompano Beach Waterfront Condos
• Lauderdale by the Sea Waterfront Condos
• Deerfield Beach Waterfront Condos