Luxury Condos and Townhomes Purchased in Broward County in May of 2011
During the month of May, 2011, 60 Luxury Condos and Townhomes were purchased in a purchase price range of $500,000 – $1,900,000 in Broward County.
The properties are located in the Cities of Ft. Lauderdale, Deerfield Beach, Hallandale, Hollywood, Lauderdale by the Sea, and Pompano Beach.
Note for comparison purposes: In the purchase price range under $500,000, there were 1,555 purchases of Condos in Broward County during the month of May.
Additional details about the properties that were purchased
- 56 of the 60 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
- 3 of the Properties were purchased as Bank Owned Foreclosures (2 Townhouses at Aqua Lofts and a Unit at Ocean Marine Yacht Club)
- 9 of the Properties were purchased as Short Sales
Information about the Condo that was purchased for $1,900,000 (pictured below):
- Purchased for $1,900,000 on May 17, 2011
- Unit 3 in Villa Octagon Condo in Ft. Lauderdale, a direct Oceanfront Building located at 1900 N. Ocean Blvd.
- Built in 1993
- 3 Bedrooms and 3.5 Baths
- 4,100 Square Feet
- Private Elevator Entry
- $2,300 monthly Maintenance Fee
- The Listing description reads:
“SPECTACULAR FRENCH MEDITERRANEAN VILLA DIRECTLY ON FT LAUDERDALE BEACH. ONLY 4 RESIDENCES IN BUILDING. EXTENSIVE RENOVATION IN 2004. GREATEST AND LATEST, KITCHEN, BEDROOMS + BATHS. ENTER GLASS ELEVATOR TO YOUR PRIVATE FOYER AND HOME. BREATHTAKING VIEWS OF THE OCEAN FROM EVERY ROOM WITH SPECIAL ARCHITECTURE THOUGHOUT. DECORATOR FURNISHINGS INCLUDED.”
Ft. Lauderdale Properties Sold
The Palms Condo, Southpoint Condo, Las Olas Grand Condo, Point of Americas Condo, Coconut Grove Residences, Venezia Las Olas, Jackson Tower Las Olas, L’Hermitage, Las Olas River House, The Meritage, Villa Octagon, Las Olas Beach Club Condo, Oceanage Condo, and Le Club International Condo.
Deerfield Beach Properties Sold
Orchid Beach Condo
Pompano Beach Properties Sold
Sonata Beach Club Condo, Aqua Lofts Townhomes, Riverside Grande Condo, and the Plaza at Oceanside Pompano Beach.
Hollywood Properties Sold
Ocean Palms Condo, Harbor Islands, Diplomat Ocean Residences, and Villas of Positano.
Hallandale Properties Sold
Beach Club Condo 1 and 2 and Ocean Marine Yacht Club.
Lauderdale by the Sea Properties Sold
Villas by the Sea Condo and Oriana by the Sea Condo.
—————–
—————–
Related Information:
- April, 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