Fort Lauderdale Waterfront Homes for Sale | A Deep Dive into the Fort Lauderdale Waterfront Home Market
Everything you need to know about Fort Lauderdale Waterfront Homes for Sale
Hello everyone and welcome to the Fort Lauderdale International Boat Show. This is the world’s largest exhibition of in water boats and products with visitors attending from around the globe. The Boat Show focuses on the boating lifestyle and waterfront living. The David Siddons Group has dedicated this blog to provide insight and information that will help inform your decision when purchasing a waterfront home with dockage in Fort Lauderdale. The blog contains information on canals, bridges, wake zones and includes links to available Fort Lauderdale Waterfront Homes for Sale in the top Fort Lauderdale waterfront neighborhoods. We are expert waterfront real estate agents and can further guide a purchasing decision anywhere in South Florida.
Give David +1 (305) 508-0899 or Elaine +1 (305) 793-0540 a call to discuss your waterfront property search.
Attention boat lovers, this new construction and luxe yacht haven on 200 Fiesta Way is ready to move in and offers 258′-300’ of deepest waterfront in Las Olas for two mega-yachts. This 10,632 SF home on las Olas Isles is listed for $17,985,000. Courtesy of James Morlock of Fidelity Real Estate LLC
1240 SW 14th Ave in Fort Lauderdale offers 6 bedrooms, 7.5 bathrooms and 7,616 SF of living space on a 40,813 SF waterfront lot. Learn more about this Fort Lauderdale waterfront home.
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:
- 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.
- 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.
Click on the pictures to enlarge
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!
