Broward Luxury Condos sold in April of 2011

Luxury Condos and Townhomes Purchased in Broward County in April of 2011

During the month of April, 2011, 59 Luxury Condos and Townhomes were purchased in a purchase price range of $500,000 – $3,850,000 in Broward County.

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

Note for comparison purposes: In the purchase price range under $500,000, there were 1,653 purchases of Condos in Broward County during the month of April.

Additional details about the properties that were purchased

54 of the 59 properties that were 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
1 of the Properties was purchased as a Bank Owned Foreclosure
7 of the Properties were purchased as Short Sales

Information about the Condo that was purchased for $3,850,000:

Purchased for $3,850,000 on April 8, 2011
Unit 2102 in Ritz-Carlton Ft. Lauderdale
Built in 2006
4 Bedrooms and 5.5 Baths
7,013 Square Feet of Living Area and 9,606 total Square Feet
$6,373 monthly Maintenance Fee
The Listing description reads: “Unique raw space with huge views of the ocean, pool and Intracoastal. Price includes all your finishes so you can custom design this beauty. Amenities are as follows: 24 hour concierge and room service, a 600 seat ballroom, beach access via a private overpass from the pool area, elegant and casual outdoor dining and a 17,000 sq ft world class spa and fitness center.” (unfortunately, pictures of the Unit were not included in the Listing)

Ft. Lauderdale Properties Sold

Ritz Carlton Condo, Watergarden, Pilot House, Plaza South, Las Olas River House Condo, Rio Blanco, Place des Arts, Las Olas Grand, Marine Tower, Casa Las Olas, Playa del Sol, La Cascade, Le Club International, Sapphire, The Palms, L’Hermitage, 45 Hendricks, Point of Americas, Las Olas Beach Club, Victoria Park Townhome, and Colee Hammock Townhome.

Deerfield Beach Properties Sold

Island Point Condo, Orchid Beach Condo, and Ocean Plaza Condo.

Pompano Beach Properties Sold

Sonata Beach Club Condo

Hollywood Properties Sold

Ocean Palms Condo, Villas of Positano, and Trump Hollywood.

Hallandale Properties Sold

Beach Club Condo 2 and 3.

Lauderdale by the Sea Properties Sold

Aquazul Condo and Villas by the Sea.

Hillsboro Beach Property Sold

Ocean Grande Condo