Las Olas Grand Condo
Las Olas Grand Condo offers Luxury Amenities, spacious Residences, and beautiful views of the New River, Ocean, Intracoastal, and City, in addition to walking distance to Las Olas Restaurants, Shops, and Nightlife.
Since my previous Market update for Las Olas Grand, 12 additional Units were purchased during the 2nd and 3rd Quarters of 2011. 2 of the Units were purchased as Short Sales and none were purchased as Bank Owned Foreclosures.
|
Purchase Price |
Purchase Date | Unit* | Bedrooms & Baths | Square Feet of Living Area |
Monthly Maintenance Fee |
| $1,043,000 | 7/1/11 | 3406 | 3/3.5 | 2,635 | $1,798 |
| $1,042,000 | 5/12/11 | 3001 | 3/3 | 2,635 | $1,798 |
| $985,000 | 8/31/11 | 2501 | 3/3 | 2,635 | $1,798 |
| $950,000 | 5/2/11 | 2101 | 3/3 | 2,635 | $1,798 |
| $910,000 | 4/5/11 | Villa 4 | 3/4 | 3,125 | $2,205 |
| $680,000 | 8/1/11 | 3703 | 2/2.5 | 2,110 | $1,415 |
| $625,000 | 6/6/11 | 2404 | 2/2.5 | 2,110 | $1,415 |
| $600,000 | 5/20/11 | 2003 | 2/2.5 | 2,110 | $1,415 |
| $565,000 | 4/25/11 | 2902 | 2/2 | 1,630 | $1,088 |
| $560,000 | 9/9/11 | 1402 | 2/2 | 1,630 | $1,088 |
| $550,000 | 5/3/11 | 3505 | 2/2 | 1,630 | $1,088 |
| $500,000 | 9/2/11 | 2104 | 2/2.5 | 2,110 | $1,415 |
*-With 4-digit Unit numbers above, the first 2 Digits indicate the Floor that the Unit is located on and, with 3-Digit Unit numbers, the first number indicates the Floor where the Unit is located.
Factors that affect purchase prices include views (North, South, East, or West Exposure, River, Ocean, and/or Intracoastal), higher Floors vs. lower Floors (related to views), Square Feet, Furnishings, and the type and quality of interior Finishes (there are some Residences that are simply stunning so far as the types of Flooring, Lighting, custom Window Treatments, and other design elements and others that will most likely require upgrades or have very basic/lower quality Finishes).
Las Olas Grand Condos for Sale
Of 213 total Units in the Building, only 13 are currently listed for sale. Their list price range is $550,000 – $1,695,000. 12 of the Listings are Condos and 1 of the Listings is a Villa, Villa 1, listed for $1,050,000. 1 of the Units is listed as a Short Sale and none are Bank owned Foreclosures.
MLS Records indicate that 2 Units are currently under pending Contract for purchase and I will provide future Market updates when additional sales are completed.
What we’re continuing to experience in the current Market is that in Las Olas Condos, as well as many others, there is insufficient supply to meet the level of significantly increased demand. One of my recent Market Reports discussed the current Las Olas Condo Market in depth.
Click here to view detailed information about Las Olas Grand and Condo listings.
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