Fort Lauderdale Waterfront Single Family Homes

East Fort Lauderdale Waterfront Homes
Real Estate Market Report

The Waterfront Single Family Home market in Fort Lauderdale, Florida is experiencing high demand from Buyers, low Inventory, and increasing prices in what continues to be a very strong Seller’s market. Buyers include those who already live locally and are purchasing Homes as their primary Residence, Buyers who are relocating to the area permanently, Buyers who are purchasing properties as vacation Residences, and Buyers who are purchasing for investment purposes.

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.

Fort Lauderdale, Florida is the Yachting Capital of the World as well as the Mega Yacht Capital and the “Venice of America”. The recreational Boating industry continues to experience significant growth and South Florida represents approximately 1/3 of the Nation’s boating industry. “Boating and fishing are the largest outdoor recreation activities in the U.S., totaling $23.6 billion in current-dollar value added.”

Single Family Waterfront Homes in Fort Lauderdale include new construction, pre-construction, Contemporary design, Modern design, original construction, and renovated Homes.

Many older Homes in Ft. Lauderdale’s Waterfront Communities are purchased as Teardowns and are replaced with new construction Homes that are much larger than the original Homes. This is the only opportunity for new construction in these Communities since Land isn’t available otherwise. These factors are also contributing to continually increasing prices in Waterfront Communities.

2nd Quarter of 2021 Real Estate Market Report

145 Single Family Waterfront Homes sold in East Fort Lauderdale, per MLS and Property Tax Records
80% of the purchases were Cash, not financed (116 of the 145 purchases are indicated as Cash sales)
The purchase price range of the properties that sold is $790,000 – $23,000,000
The average purchase price of the properties that sold is $3,561,330
The list price to sale price ratio was 95%
Note: In Fort Lauderdale Communities that are located West of U.S. 1 and West of I-95, the average purchase price of Waterfront Homes that were purchased is $650,000.

The Homes that sold are located in the following Communities: Las Olas Isles, Bay Colony, Bermuda Riviera, Colee Hammock, Coral Ridge Country Club, Dolphin Isles, Harbor Beach, Idlewyld, The Landings, Lauderdale Harbors, Rio Vista Isles, Riviera Isles, Sunrise Intracoastal, Sunrise Key, and Victoria Park. Click here to view a directory of East Ft. Lauderdale’s Communities of Single Family Homes and listings of Homes for sale.

The Properties that sold with the top 5 highest purchase prices are:

2412 Laguna Drive in the Harbor Beach Community in Fort Lauderdale: Sold for $23,000,000 on April 30, 2021. The Home was built in 2021 and has 6 Bedrooms, 9 Baths, and 12,954 Square Feet, located on an Intracoastal front Lot with 120′ of Waterfront.
141 Bay Colony Drive in the Bay Colony Community in Fort Lauderdale: Sold for $20,400,000 on June 7, 2021 (the highest sale ever in Bay Colony). The Home was built in 2015 and has 6 Bedrooms, 9 Baths, and 16,307 Square Feet, located on an Intracoastal Point Lot property with 800′ of Waterfront. The Property was purchased by Entrepreneur Patrick Bet-David (see Article here).
60 Isla Bahia Drive in the Harbor Beach Community in Fort Lauderdale: Sold for $16,995,000 on May 28, 2021. The Home was built in 2020 and has 5 Bedrooms, 9 Baths, and 11,534 Square Feet, located on an Intracoastal Lot with 189′ of Waterfront.
1000 Riviera Isle Drive in the Riviera Isles Community in Fort Lauderdale: Sold for $16,500,000 on June 28, 2021. The Home was built in 1938 and has 8 Bedrooms, 11 Baths, and 11,536 Square Feet, located on an Intracoastal Point Lot with 520′ of Waterfront.
2481 Del Lago Drive in the Harbor Beach Community in Fort Lauderdale: Sold for $11,600,000 on April 16, 2021. The Home was built in 2020 and has 6 Bedrooms, 9 Baths, and 10,696 Square Feet, located on 105′ of Ocean access Canal Waterfront.

Current Inventory of Waterfront Homes for sale: The available Inventory is low, with less than 10% of each Community’s properties listed on the Market for sale.

Starting your search for Waterfront Homes in Ft. Lauderdale? Click here to view Property listings and save your favorites. Interested in viewing Properties? Contact me to schedule an Appointment.

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