"What are South Florida Waterfront Homes selling for?" is a question that I'm frequently asked by Buyers who are interested in purchasing a Waterfront (Ocean Access) Home in South Florida. The answer is that Waterfront Homes in South Florida are selling within a very wide price range. SIGNIFICANT differences among Waterfront Ocean Access Homes affect their prices and if you're considering purchasing one, it's absolutely essential to first familiarize yourself with the differences and prices in order to determine which Home will best fit your needs.
Within the last 90 days, 91 Waterfront Ocean Access Homes were purchased through Brokers in Broward County and had final purchase prices with a range of $177,777 - $7,000,000. Of the 91 Homes purchased, the average purchase price (NOT List price) was $942,522. The average List Price to Sale Price Ratio was 86.57% (so, on average, the Homes sold for 86.57% of their Listed prices).
Click to view pictures, prices, and details of the 91 Waterfront Homes sold.
The Home sold for $177,777 is a 3 Bedroom, 2 Bath Home with a Carport, 1,565 Square Feet of Living Area, and 67' of Waterfront, built in 1963, located on an Ocean Access Canal with Fixed Bridges in the Pompano Beach Subdivision of Boulevard Park Isles.
The $7,000,000 Home that sold is a 3-Story Home built in 2006, located in the Ft. Lauderdale Subdivision of Coral Ridge Galt and has 7,391 Square Feet of Living Area, 5 Bedrooms, 6 Full Baths, 1 Half Bath, a 3-Car Garage, Pool, and 267' Feet of Waterfront (No Wake Zone with Dockage for a large Vessel) on an Intracoastal front Point Lot without Fixed Bridges.
There are significantly reduced prices and great deals available for Waterfront Property. Savvy Buyers are taking advantage of opportunities in the current market. Currently, Fort Lauderdale Waterfront Homes and Broward Waterfront Homes in nearby Cities are listed for sale in a wide price range, from $268,900 for a Bank Owned Foreclosure to $42,000,000 for a Hillsboro Beach Oceanfront Home.
Types of Waterfront Access available
Here in Ft. Lauderdale and nearby Broward County Cities, there are 4 types of Waterfront Property that are available to Buyers. These 4 types of Waterfront Property are:
- Canal Front Homes with Ocean Access
- New River Front Homes with Ocean Access (Ft. Lauderdale)
- Intracoastal Front Homes with Ocean Access
- Direct Oceanfront Homes on the Sand (Homes in the Ft. Lauderdale Subdivision of Lauderdale Beach and Homes on Hillsboro Mile in Hillsboro Beach)
Waterways are arranged such that Ocean Access Canals lead to the Intracoastal Waterway, which leads to the Atlantic Ocean. The New River leads to the Intracoastal Waterway, which leads to the Atlantic Ocean.
Important Waterfront Differences and Factors to Consider if you have a Vessel to Dock
- Some Canal Front Homes are located in areas that have Fixed Bridges. For areas with Fixed Bridge access to the Intracoastal, you need to consider the height of your Vessel and the clearance height(s) of the Fixed Bridge(s) in order to determine which Homes are appropriate. If you have a Vessel that can't clear the Fixed Bridge(s), Homes located in areas WITHOUT Fixed Bridges are the only ones that will be appropriate for you.
- Canal Widths and Depths vary significantly, so the size and draft of your Vessel are factors to consider when searching for Homes.
- Some Intracoastal front Homes are located in Wake Zones, which are, of course, inappropriate for docking larger Vessels, however, some Homes with Wake Zones have Lifts that are appropriate for Docking small Boats or other small watercraft such as Jet Skis.
- Waterfront Widths vary among Homes, so if you're interested in Docking a Vessel, first verify that the Home's Waterfront is wide enough to Dock your Vessel (required set-back Widths are important as well)
- Are the existing Dockage and Seawall sufficient to meet your needs OR can changes, updates, or additions be made in order to meet your needs? If the answer to both questions is "No", a different Home will need to be considered.
- If you're interested in a direct Oceanfront Home and also want to Dock your Vessel at your Home, Homes on Hillsboro Mile in Hillsboro Beach (20 minutes North of Ft. Lauderdale) offer the best of both worlds with direct Oceanfront Homes and an accompanying parcel of Intracoastal property across the street with Intracoastal Dockage for your Vessel.
- Ft. Lauderdale Mega Yacht Dockage. The majority of Homes that offer Mega Yacht Dockage are Waterfront Homes located on Point Lots, however, a few additional types are available as well.
Significant Factors that Affect Price
- Age of the Home
- Size of the Home
- Architectural style of the Home
- Condition of the Home
- Features and finishes within the Home
- Pool, Garage, etc.
- The Waterfront Width of a Home
- Lot size
- Wake zone vs. No Wake Zone
- The type and size of Dockage available
- The type of Waterfront (Canal, River, Intracoastal, Ocean)
- East vs. West location. Most of our Waterfront Ocean Access Communities are located East, but a few are located West. East locations are closer to the Intracoastal and Ocean. Because of their location advantage, the majority of Homes located East are priced higher. Lowest priced Homes located East typically sell VERY quickly.
- Fixed Bridges vs. No Fixed Bridges. Homes located in areas without Fixed Bridges have an obvious advantage and are priced higher.
- The Address. Certain Neighborhoods are nicer and you must pay to play.
- Canal Width and Depth. Areas that have very wide and deep Canals have an obvious advantage for Vessels and are priced higher.
- Location, location, location! Although specifics of the actual Home have an impact on price in many cases, there are many cases where the Home itself takes a back seat to the Home's location. Land value is significant in Waterfront Communities and there are Homes offered as "tear downs", but are priced within a higher price range because of the Land value ONLY.
Because of so many significant differences between Homes and their location (even Homes on the same Street), determining price goes FAR beyond a simple calculation of comparison such as cost per Square Foot.
Where are Broward County's Waterfront Ocean Access Homes located?
Waterfront Homes in Broward are located in the Cities of Ft. Lauderdale, Lauderdale by the Sea, Pompano Beach, Lighthouse Point, Deerfield Beach, Hillsboro Beach, Hollywood, Hallandale, and Dania. If you're interested in Ft. Lauderdale Waterfront Homes, you might also be interested in Waterfront Homes located in the nearby Cities that I listed above.
The majority of Ocean Access Communities are located in Communities that are East of I-95. East areas are closer to the Ocean and Intracoastal.
Ft. Lauderdale is known as the "Venice of America" as well as the Mega Yacht Capital of the World. We are a City of almost 200 Miles of Waterways. Many Fort Lauderdale residents and visitors enjoy boating in their speedboats, enjoying a fishing charter, spending a day at the Beach, or cruising the coastline by Yacht.
Athough there is lots of Waterfront, the Geographic area of Broward County is very large and Waterfront Ocean Access Homes are not the majoity of the available inventory of Homes for Sale.
Note: Within the last 90 days, a total of 2,244 Single Family Homes Sold in all of Broward County (91 of which were Waterfront Ocean Access Homes).
Where are the rest of South Florida's Waterfront Ocean Access Homes located?
If you're in the market for Waterfront South Florida Homes, you might want to also consider Miami Waterfront Homes and Palm Beach Waterfront Homes, both of which offer fabulous Waterfront Homes for Sale in various Cities within each County, however, Palm Beach County and Miami-Dade County have less Waterfront than Broward County and higher prices for Waterfront Ocean Access Homes.
Basic Home Search Factors to Consider
- Number of Bedrooms and Baths
- Size of the Home
- Type of Flooring in the Home
- Ceiling Height
- Garage availability and/or size
- Pool availability and/or size
- Single Story, 2-story, or 3-story Home
- Age of the Home
- Architectural design of the Home
- Condition of the Home. Are you interested in Homes that are in need of Remodeling, updates, or repair or are you only interested in Homes that are already fabulous? Keep in mind that the lowest priced Homes are typically those in need of remodeling, updates, and repair and are otherwise inferior to higher priced Homes. With Waterfront Homes, a large portion of the price is Land value.
- Location of the Home
- Lot size
- Should the Home be located in a Gated Community? (Most Waterfront Communities in Broward are not Gated)
For additional information about South Florida Waterfront Homes, call or e-mail me. If you're starting your Waterfront Home search, consider the information above and e-mail me your search criteria so that I can customize your Waterfront Home search and e-mail appropriate listings to you.
-------------------------
Vickie Arcuri, Realtor®
EWM Realtors, Inc.
1700 E. Las Olas Blvd.
Ft. Lauderdale, FL 33301
Phone: (954) 708-9309
Fax: (954) 414-0492
Vickie@vickierealestate.com
South Florida Waterfront Homes
Contact me if you're interested in South Florida Real Estate, Ft. Lauderdale Real Estate, Las Olas Condos for sale, Ft. Lauderdale Beach Homes for Sale, Ft. Lauderdale Waterfront Condos, Broward Luxury Homes for sale, Ft. Lauderdale Luxury Condos, Broward Waterfront Homes for sale, Ft. Lauderdale Luxury Homes for Sale, Ft. Lauderdale Luxury Real Estate, Ft. Lauderdale Homes with Mega Yacht Dockage, Ft. Lauderdale Docks for Sale, Ft. Lauderdale Docks for Lease or Rent, Ft. Lauderdale Oceanfront Condos, Ft. Lauderdale Waterfront Homes, Ft. Lauderdale Waterfront Foreclosures, Ft. Lauderdale Oceanfront Homes, Palm Beach Waterfront Homes, Manalapan Homes, Hillsboro Beach Homes, South Florida Oceanfront Homes, or Miami Waterfront Homes.
-------------------------
Listings of Interest:
Palm Beach Waterfront Condo for Sale with a Dock
San Juan del Sur Oceanfront Home for Sale
Las Olas River House Condo for Sale
Rio Vista Home for Sale
Tamarac Townhouse for Sale
Comments(3)