Las Olas Isles Homes
Real Estate Market Report
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Within the past 3 Months (November, 2016 – January, 2017), 11 Single Family Homes sold in Las Olas Isles–all of which are Waterfront properties located along Ocean Access Canals.
The purchase price range of the Properties was $810,000 – $4,000,000, with an average purchase price of $1,951,727.
- The Property that sold for $810,000 has 2 Bedrooms, 2.5 Baths, 1,536 Square Feet, no Pool or Garage, was built in 1971, and has 50′ of Waterfront. The Home requires full renovation and is a Teardown that was purchased primarily for Land value.
- The Property that sold for $4,000,000 has 5 Bedrooms, 5 Baths, a 3-Car Garage, Pool, Silver LEED Certification, Modern/Contemporary Architecture, 100′ of Waterfront and was built in 2012.
Waterfront Setbacks in Las Olas Isles range from 5′ – 10′ on each side of the Property, depending on the location of the Property. In the case of a Property with 100′ of Waterfront and 10′ Setbacks, the maximum length Boat that could be Docked at the Property is 80′.
Of Properties that are currently on the Market for sale in Las Olas Isles, the list price range is $1,129,000 – $29,000,000, with a median list price of $3,499,950. Available Properties includes Homes located along Ocean access Canals, the Intracoastal, and the New River.
Close proximity to the Beach, Shops, Restaurants, and Nightlife, in addition to Ocean access without Fixed Bridges, Mega Yacht Dockage, Deep Water Canals, Luxury properties, and quick access to the Intracoastal and Ocean Inlet all contribute to the Las Olas area and nearby Waterfront Communities maintaining high demand and property values.
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