Fort Lauderdale Waterfront Homes for Sale | A Deep Dive into the Fort Lauderdale Waterfront Home Market

The Fort Lauderdale Waterfront Home Market in Numbers

To begin let’s review recent sales (previous 6 months) in some of the top waterfront neighborhoods in Ft Lauderdale. Market snapshots are not useful unless a context is provided with prior sales comparison. In the chart below we compare recent sales with sales from the same time frame in 2019. There are several standouts:

1. Las Olas Isles including Riviera Isles and Idlewyld have enjoyed an overall 96% increase in the number of waterfront homes traded in the previous 6 months vs the same time frame last year. The major shift occurred in homes priced $2m – $4m with a 242% increase in the number of properties sold. This area has a 10 month supply of remaining waterfront inventory, which is very healthy for the higher price points.
2. Next up is Bay Colony and The Landings with a 62% increase in the overall number of units sold this year vs last year. The increase was most remarkable for properties that traded over $4 million (11 properties this year vs zero sales last year). These neighborhoods are on fire with only a 4.4 month supply of remaining waterfront inventory. Also, the average price per square foot was the lowest for luxury homes valued over $6 million.

For additional sales information refer to the figure chart below or give us a call for a personalized review.

The Fort Lauderdale Canals: The width, depth & setbacks of each canal

When searching for waterfront property there are always several considerations. In the next few charts we have provided canal information by neighborhood on the width, depth & setbacks of each canal. This information is meant as a guide and should be verified. Throughout most of Ft Lauderdale the setbacks are 5′ at each end of the dock. In some cases the setbacks are 10′. This information is important to know when purchasing a home. If you purchase a home with 100′ of waterfront, but it had 10′ setbacks (that’s 10′ feet at each end) the largest vessel you can dock at the home is 80′. The width of the canal is important as well. There is the 30% rule which means a docked boat can only be 30% as wide as the canal. Checking depth is good to know as well. Due to sediment buildup, not all canals are equal in depth. The charts below will help guide you but be sure to verify before a purchase.

Please enjoy our other blogs related to waterfront living in South Florida. Some topics covered include Seawalls, Beachfront Homes and more. Our team of experts at the David Siddons Group are available to expertly assist with all your real estate needs. Enjoy the Boat Show!