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 strong property values in what continues to be a strong Seller’s market. Buyers include those who already live locally, Buyers who are relocating to the area permanently, Buyers who are purchasing properties as vacation Residences (domestic and international buyers), 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 method by which vacant Land becomes available in these Communities. These factors are also contributing to continually increasing prices in Waterfront Communities. Click here to explore listings of Waterfront Land in Fort Lauderdale.
January – June of 2022 Real Estate Market report
- 160 Single Family Waterfront Homes sold in East Fort Lauderdale, per MLS and Property Tax Records
- 85% of the purchases were Cash, not financed (137 of the 160 purchases are indicated as Cash sales)
- The purchase price range of the properties that sold is $1,300,000 – $28,500,000
- The average purchase price of the properties that sold is $4,822,755 and the median price is $3,582,500
- The average list price to sale price ratio was 94.8%
- 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 $990,000, which is a significant increase over last year’s average price of $650,000 for these properties.
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, Harborage Island, Himmarshee Park, 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:
- 1122 SE 4th Street, located in Downtown Fort Lauderdale in the Himmarshee Park Community: Sold for $28,500,000 on June 30, 2022. The Home was built in 2020 and has 7 Bedrooms, 11 full Baths, 2 half Baths, and 19,936 total Square feet. The Home is located on a 250′ Point Lot on the New River.
- 1818 SE 10th Street, named “La Maison Blanche”, located in Rio Vista Isles: Sold for $24,500,000 on January 6, 2022. The Home was built in 1989 and has 11 Bedrooms, 12 full Baths, 5 half Baths, and 20, 652 total Square feet. The Home is located on an Intracoastal front Point Lot with 817′ of Waterfront.
- 1801 SE 8th Street, located in Rio Vista Isles: Sold for $23,975,900 on February 17, 2022. The Home was built in 2001 and has 7 Bedrooms, 7 full Baths, 5 half Baths, and 16,898 total Square feet. The Home is located on a Canal front Point Lot with 700′ of Waterfront.
- 534 Bontona Avenue, located in Las Olas Isles: Sold for $23,250,000 on March 8, 2022. The Home was built in 2014 and has 8 Bedrooms, 9 full Baths, 7 half Baths, and 17,252 total Square feet. The Home is located on an Intracoastal front Point Lot with 708′ of Waterfront.
- 70 Isla Bahia Drive, located in Harbor Beach: Sold for $14,000,000 on April 6, 2022. The Home was built in 2021 and has 5 Bedrooms, 7 full Baths, 2 half Baths, and 100′ of Canal Water frontage.
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.
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