Luxury Waterfront Living in Fort Lauderdale | A Market Update and Property Tour

The State of the Luxury Fort Lauderdale Home Market in 2019

In this blog we will review some of the key considerations for purchasing a luxury waterfront home in Ft Lauderdale. Our resident agent expert, Elaine Tatum will be your guide.

If you are interested in purchasing a home in Ft Lauderdale schedule a Buyer Acclimation Tour with Elaine at 305.793.0540 or with David Siddons att 305.508.0899

What are the priorities for luxury waterfront homes in Ft Lauderdale?

What are the priorities for luxury waterfront homes in Ft Lauderdale?

Waterfrontage: the amount and type of waterfrontage is key to the desirability of a waterfront property. Point lots command the highest prices due to accessibility to open water and the ease of docking. Waterfront homes further up a canal are less desirable because of access and water stagnation nearer the canal footer.  Values for waterfront properties are not linear based of square feet. Prices per square foot will spike for properties with more than 120′ of waterfront due to the limited availability.

Proximity to the ocean: Boaters tend to value quick access to the open ocean. Waterfront neighborhoods closest to ocean inlets are the most exclusive. In Ft Lauderdale those neighborhoods with easiest access are Harbor Beach, Rio Vista & Las Olas Isles.

Amenities of the property: The amenities add value to waterfront homes. Buyers most desired amenities include whole house automatic generators, impact windows, heated pools, power and water on the dock. Homes with upgraded and unique amenities stand out in the market.

Number of Parking spaces: Buyers in the luxury waterfront market desire 3+ garage parking. Many Buyers in Ft Lauderdale have golf carts especially in the Rio Vista neighborhood. They want parking for the golf carts as well as the additional storage for water toys (paddle boards, kayaks etc).

Depth and width of canal: The canal depth and width is an important and necessary consideration. The draft of a boat must be accommodated in both high and low tides. Consult with us to find the right canal for your boat. There are only a few canals in Ft Lauderdale that can accommodate drafts greater than 10′. Also canal widths vary. The width of a boat can only be 1/3 as wide as the canal.