The Best and Worst Condos in Fort Lauderdale for 2025

2. Paramount

Paramount Residences earns its place among Fort Lauderdale’s top performers as a strong luxury contender, with a 2025 average price per square foot of $1,077. While below Auberge’s ultra-luxury tier, this pricing sits well above mid-range peers and firmly establishes Paramount in the city’s premium segment. Units are averaging 93 days on market, a solid performance for its category, and its 17% rental rate demonstrates both investor demand and liquidity for those seeking flexible ownership options.

Completed in 2017, Paramount remains relatively new and has quickly built a reputation for contemporary architecture and a lifestyle-first approach. Each of the 95 residences offers expansive flow-through layouts, private elevator entry, oversized terraces, and floor-to-ceiling glass framing sweeping ocean and Intracoastal views. Residents enjoy beachfront service, resort-style pool, state-of-the-art fitness center, spa, and personalized concierge offerings, positioning Paramount as a modern alternative to Fort Lauderdale’s more established towers.

• Buyer takeaway: Paramount offers solid upside potential and investor flexibility. It’s a prime choice for those seeking luxury without Auberge-level pricing.
• Seller takeaway: Demand is strong, but competition exists. Sellers should showcase high-end finishes and city views to stand out.

L’Hermitage rounds out Fort Lauderdale’s top three performers as a proven mid-luxury building that continues to deliver stability and value. With an average price per square foot of $865 in 2025, it doesn’t chase the ultra-luxury towers on price but instead stands out for its resilience and consistent demand. Units here average 87 days on market, reflecting steady absorption, while HOA fees of $1.39 per square foot remain comfortably below many of the newer luxury peers.  Completed in 1997, L’Hermitage remains one of Fort Lauderdale’s most recognizable oceanfront addresses. Its twin towers and expansive grounds offer more than 650 feet of direct beachfront, giving it a scale few competitors can match. The property is designed for resort-style living, with a private beach pavilion, tropical landscaped pools, tennis courts, spa facilities, a state-of-the-art fitness center, and concierge and valet services. Its reputation for quality management and long-term upkeep provides confidence to buyers wary of rising assessments in other aging buildings.

Another factor driving its strength is balance. With only 8% of units rented, L’Hermitage fosters a strong owner-resident community, which helps preserve values and reduce the volatility often seen in more investor-driven towers. Buyers consistently gravitate toward the building for its combination of prime beachfront location, proven reputation, and manageable carrying costs, making it one of the most reliable options in the mid-luxury tier.

• Buyer takeaway: A reliable mid-luxury building offering beachfront living with less volatility than newer, flashier towers.
• Seller takeaway: Strong brand recognition supports valuations, but updating interiors is essential to compete with newer inventory.

Upon reviewing Fort Lauderdale’s condominium market, the most concerning performance trends are concentrated along Galt Ocean Mile, a stretch of high-rise buildings that line the beachfront between Oakland Park Boulevard and NE 14th Court. While this corridor offers buyers some of the most affordable direct-ocean residences in the city, its appeal often masks underlying structural and financial challenges. The majority of these towers were constructed between 1959 and 1975, placing them among the oldest residential high-rises on the Fort Lauderdale coastline. Age alone would not be disqualifying, but in an oceanfront setting, decades of exposure to salt-laden air, humidity, and storm activity accelerate deterioration. Even with ongoing cycles of concrete restoration, rebar replacement, impact-window installation, and façade upgrades, these efforts amount to corrective maintenance on buildings that have already endured half a century of environmental stress.

From a financial perspective, older coastal buildings often face elevated homeowner association (HOA) fees, special assessments, and prolonged construction cycles—all of which deter buyers and suppress resale values relative to newer or better-capitalized peers. The recent state-mandated structural integrity reserve studies have intensified scrutiny, exposing funding gaps in many associations and creating additional uncertainty for buyers. Against this backdrop, several Galt Ocean Mile buildings stand out for consistently underperforming in terms of price per square foot, time on market, and buyer demand. Below, we highlight the three most notable cases and analyze why they continue to lag behind the broader Fort Lauderdale condo market.

Future Outlook: What’s Next for Fort Lauderdale Condos

Right now, Fort Lauderdale has about nine months of condo inventory, which makes the market balanced. Buyers have options, and sellers still have leverage. But this balance is fragile. If mortgage rates drop even a little, demand could jump and quickly clear out supply—especially in newer, well-run luxury buildings like Auberge, Paramount, and L’Hermitage.

Older buildings tell a different story. Florida’s new condo laws require strict inspections, higher reserves, and more transparency, while insurance costs keep climbing. That means owners in aging towers—like Galt Ocean Club, Galt Towers, and Ocean Summit—face assessments and slower sales, even if rates fall. Lenders hesitate to lend in situations of ongoing repairs and disclosed upcoming assessments.. Buying into these older building works best for cash buyers seeking a beachfront lifestyle and are willing to forego value upsides.

In short: the next move in interest rates could create a two-speed market. High-performing buildings will see faster sales and firmer prices, while weaker ones will lag behind due to ongoing repairs and assessments. Buyers should focus on financially solid condos. Sellers in strong buildings can hold firm, but those in older stock may need to price aggressively and be upfront about assessments.