Fort Lauderdale is known as “The Venice of America”. The city boasts approximately 260 miles of inland waterways and canals. The waterways are an integral part of Fort Lauderdale’s real estate landscape. If you are considering purchasing or selling waterfront property in Fort Lauderdale here are a few important things you should know.
Waterfront real estate is highly desirable and holds the most expensive property values. Owning waterfront real estate comes with a responsibility to protect the property from water intrusion and land erosion. The most effective way to protect waterfront property is with a seawall.
More and more homeowners and buyers are concerned about the effects of rising waters due to global warming and the annually occurring King Tides. The City of Fort Lauderdale and Broward County are on the forefront of implementing protective measures to ensure that the city continues to thrive and adapt as the waters rise. This adaptation includes new Seawall Regulations.
The City of Fort Lauderdale owns approximately 6 miles along the inland canals. This means that private property owners will be responsible for adapting the seawall protections of approximately 254 miles of waterfront property in Fort Lauderdale.
The new Seawall Guidelines include minimum height regulations. The current plan is for all Seawall Heights to be 4 feet above sea level by the year 2035. This requirement is already in place if a permitted seawall repair is greater than 50% of the current seawall. Seawalls in Fort Lauderdale also need to support an increase of height to 5 feet by 2050.
What does this mean for Buyers?:
If you are considering a waterfront purchase make sure you budget for the eventual height increase of the seawall which can range in price from $500-$1,000 per linear foot. Buyers should include a seawall inspection with the purchase.
What does this mean for Sellers?:
Be prepared for seawall heights to be a topic of discussion, disclosure and negotiation with Buyers.
The David Siddons Group understands waterfront real estate Buying and Selling. Our expert agents will guide you through the process of negotiation, inspection, buying & selling.
Elaine Tatum (Blog Author and Fort Lauderdale Specialist | firstname.lastname@example.org | +1 305.793.0540 David Siddons | David@siddonsgroup.com | +1.305.508.0899 The David Siddons Group at Douglas Elliman Real Estate
The David Siddons Group is a team of top producing Miami and Fort Lauderdale Real Estate Agents with nearly $100M in yearly sales. The team is known for their market analysis and informative blogs/vlogs
These are the most commonly asked Google Real Estate Related questions
2. What is the best New Construction Condo in Fort Lauderdale?
In our opinion, the Residences at Pier Sixty-six are certainly the most interesting and unique. Already well underway this 32 Acre project will be home to the first of its kind Marina where owners will be able to anchor up vessels up to a staggering 400 ft! For specifics of this project see our independent review of this project.
3. How can I compare the new luxury construction Condos to the best existing Luxury Condos in Miami?
Our Best Luxury Condos in Miami article will prove to be very useful to those looking to compare the existing to the new. You may also want to watch this video which shows the performance of the best Condos in Miami over the last 15 years!
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