East Ft. Lauderdale Waterfront Homes
Real Estate Market Report
The luxury Single Family Home market in Fort Lauderdale, Florida is experiencing steady sales throughout the Covid pandemic and isn’t experiencing reduced property values or significantly decreased number of sales.
Waterfront Single Family Homes in East Fort Lauderdale (that are located East of U.S. 1/Federal Hwy.) enjoy highly desirable locations in beautiful, luxury Communities that are within close proximity to Downtown Ft. Lauderdale, the Intracoastal, Ocean access, and the Beach. The majority are in areas without Fixed Bridges and many offer deep Water Dockage for Yachts and other large Vessels. Most are located along Ocean access Canals and some are located along the Intracoastal and the New River.
Single Family Waterfront Homes in Fort Lauderdale include new construction, Contemporary design, original construction, and renovated Homes.
During March 1, 2020 – August 11, 2020, 87 Single Family Waterfront Homes sold in East Fort Lauderdale, per MLS and Tax records. Of the 87 properties that were purchased, 52 were Cash sales–59% of the total sales. The purchase price range of the properties was $1,000,000 – $9,400,000. The average purchase price of the Properties was $2,966,709. The average list price to sale price ratio was 89% for the properties that sold. Note: During the same period of time in 2019, 95 properties sold.
The Homes that sold are located in the following Communities: Las Olas Isles, Bay Colony, Bermuda-Riviera, Coral Ridge Country Club, Harbor Beach, The Landings, Dolphin Isles, Lauderdale Harbor, Rio Vista Isles, Riviera Isles, Sunrise Intracoastal, Sunrise Key, Las Olas Nurmi Isles, and Las Olas Seven Isles. Click here to view a directory of East Ft. Lauderdale’s Communities of Single Family Homes and listings of Homes for sale.
Current Inventory of Waterfront Homes for sale: The available Inventory consistently remains in the low – average range, with 10% or less of each Community’s properties listed on the Market for sale.
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