With contemporary design, fabulous Amenities, great Waterfront views (River, Intracoastal, Ocean, and City), beautiful Residences, and walking distance to Las Olas’ Shops and Restaurants, Las Olas River House continues to be one of downtown Ft. Lauderdale’s premier choices for luxury Condo living and it’s my favorite Las Olas Luxury Condo.
Units sold in the 3rd Quarter of this Year, 2011
During the months of July, August, and September of 2011, 7 Units were purchased in Las Olas River House and information in the Table below details their purchase prices and other information. The Units that were purchased are the Park, Madison, Chelsea, Lexington, and Soho Models.
|
Unit |
Purchase Price |
Purchase Date |
Square Feet of Living Area |
Bedrooms & Baths |
| 510 | $1,100,000 | 9/1/11 | 3,239 | 3/3.5 |
| 2802 | $950,000 | 9/13/11 | 2,726 | 3/3.5 |
| 2102 | $460,000 | 9/29/11 | 1,522 | 2/2.5 |
| 2506 | $440,000 | 7/19/11 | 1,869 | 2/2.5 |
| 1006 | $400,000 | 9/23/11 | 1,869 | 2/2.5 |
| 2601 | $342,000 | 8/8/11 | 1,161 | 2/2 |
| 1401 | $330,000 | 8/19/11 | 1,161 | 2/2 |
Condos for Sale in Las Olas River House
Of 287 total Residences in the Building, only 10 are currently listed for sale, so Inventory is very low. With low levels of Inventory and very strong sales, Market conditions are great for Owners in the Building who are interested in selling. Buyers, unfortunately, have few choices available, so added Inventory would be quite welcome. New listings are coming on the Market occasionally, but at a low rate that’s insufficient to keep pace with the current number of sales.
The price range of the 10 Units is $375,000 for a 1-Bedroom Unit on the 3rd Floor – $3,390,000 for a 5-Bedroom Penthouse. Of the 10 active listings, none are listed as Short Sales or Bank Owned Foreclosures. The Units for sale are the 5th Avenue, Madison Penthouse, 5th Avenue Sub-Penthouse, Columbus, Lexington, and Soho Models.
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Pending Sales in Las Olas River House
Currently, 8 Condos in Las Olas River House are listed as being under pending contract for purchase (Buyers submitted Offers that were accepted for purchase of the Units and are scheduled to Close on the purchases shortly).
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