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Moving to South Florida? Read Why Lighthouse Point is One of Florida’s Most Sought-After Markets
Why Should you Move to Lighthouse Point
Lighthouse Point is One of Florida’s Most Sought-After Markets with very competitive prices
Why is Lighthouse Point the most sought-after, emerging waterfront market?
Lighthouse Point is a very private and exclusive family neighborhood with a population of 11,278. The area offers only 5700 residences with 80% being single family homes, many of which are on the City’s 18 miles of waterways. This makes LHP a boaters paradise and a true family neighborhood.
Why Lighthouse Point is a better fit than Boca Raton or Fort Lauderdale?
Lighthouse Point is a small private community mainly on the water that offers peace and tranquility. Fort Lauderdale and Boca Raton are more densely populated and has no small-town feel. But what makes LHP so special is that if you want more action, you can be in fort Lauderdale or boca raton in 10 minutes for your night out and come back to serenity.
Where do I send my kids to school if I live in Lighthouse Point?
- St Andrews, Boca Raton Which was voted top private school in Palm Beach County
- North Broward Prep, Coconut Creek
- Pine Crest School in Fort Lauderdale
Lighthouse Point is One of Florida’s Most Sought-After Markets – The Lighthouse Point Lifestyle
What to do in Lighthouse Point and what’s important (safety, accessibility, social and sports, restaurants, and retail). LHP has its own Police department and when you are away, they will come to your house twice a day to make sure everything is ok. The neighborhood also has a camera system watching every vehicle entering the city and scanning the license plate. The city is building state-of-the-art EMT with in-house paramedics and firehouse. Within a 5-minute drive to I 95 and a 25 minute drive to Fort Lauderdale Airport you have easy access to go anywhere you want to be. We have 2 Tennis clubs with 20 acres of beautifully maintained parks with tennis, basketball, soccer, baseball, football.
Lighthouse Point has 2 incredible local restaurants, first is the Nauti Dawg which is located at The Lighthouse Point Marina serving fresh fish with a view perfect view of the marina and relax while the yachts stroll by. Also is world famous Caps Place which was established over 85 years ago and is known for their fresh native seafood and their famous hearts of palm salad, recognized as a national landmark Caps is Broward counties oldest restaurant.
Reflection of the Lighthouse Point market in 2021.
Top 3 sales in lighthouse point of 2021
‘What was achieved?’, ‘Why they paid top dollar?’, ‘Who bought it?’ and ‘Why did they buy it?’
3200 NE 31st Ave, Lighthouse Point.
- Closed 04/01/21
- $6,895,000.00
- $972 per SF
The couple that purchased the residence previously lived in West Boca Raton, but wanted to live the complete South Florida lifestyle being on the water and close to the ocean. The family choose Lighthouse Point because of its exclusivity and easy access to the ocean for boating. After 6 months of living in Lighthouse Point, they absolutely love it and wished they moved east much sooner.
4400 NE 29th Ave, Lighthouse Point.
- Closed 07/29/21
- $5,6M
- $890 per SF
2541 NE 32nd Court, Lighthouse Point
- Closed 07/13/21
- $5.7M
- $695 per SF
Reflecting on lack of inventory – What happened to supply?
Buyers were purchasing Lighthouse Point real estate at an accelerated rate due to the highly desired location, boating community and the family lifestyle.Price per SF doesn’t matter because of the diversity of homes and most of them being on the medium to upper price range.
Where is the Lighthouse Point market going?
There is currently 2.2 months of inventory. This means that if no more new listings come to market there will be no more homes for sale in 2.2 months from now. During the pandemic buyers discovered what an incredible place Lighthouse Point is and inventory depleted at a rapid pace.
Off market reality. ‘Iceberg effect’. Don’t rely on Zillow.
You can’t relay on Zillow, our Lighthouse Point agents Lisa and John have been residences of Lighthouse Point for over 10 years and it is a very tight knit community and a lot of sales are done off-market, that means Zillow and others sites don’t have access to the this market. In order to get hold of the right homes, you need to know an agent who is right there and lives and deals with that market on a daily basis.
Lighthouse is Underpriced Compared to the Mature Markets like Coral Gables or Fort Lauderdale
Comparing waterfront homes in Lighthouse Point to those in Coral Gables and Fort Lauderdale in two price ranges ($1M-$4M and $5M-$10M). Both indicate that Lighthouse Point is still a very affordable market that offers an incredibly lifestyle and many advantages.
FAQ
These are the most commonly asked Google Real Estate Related questions
1. What are the Current Best New Condos in Miami?
If you want to hear in more details our opinions on the best new Miami new construction condos. Please read this article:Best New Construction Condos 2022-2023.
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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