Ft. Lauderdale and Palm Beach County Among Top Single-Family Markets in the Nation

By Sunny Isles Real Estate Expert on June 15th, 2016

Fort Lauderdale Homes for sale

If you’ve been thinking about relocating your family sometime in the near future, you may want to think about what Florida has to offer. Obviously, there’s some of the best weather in the country here. Palm Beach County and Fort Lauderdale – (see all homes for sale here) also have another attractive aspect that should draw your attention: a recent report said they were amongst the top five single-family markets in the entire country.

Ranking for the Second Year in a Row

Obviously, landing on Ten-X’s Top Single-Family Housing Markets Report is always a good sign for those that make the list. However, in this case, both Fort Lauderdale and Palm Beach County are returning from last year.

Palm Beach County actually climbed a few spots, making it to fourth. Fort Lauderdale was second last year, but is still at a very respectable fifth place this time around.

The list gave the top spots to Seattle (first) and Portland (second) for the second year in a row. Nashville took bronze.

Other cities in Florida made appearances as well. Orlando came in at number six; Tampa took the 11th spot; Miami was at 19; and Jacksonville received the 31st position.

Factors for Ranking

Ten-X uses a number of different factors for compiling this popular list. Amongst other things, this includes:

• Home appreciation
• Home prices
• Demographics
• Economic conditions
• Cost of living

Obviously, the better a city does in those five areas, the easier—and more affordable—it will be to raise a family. Again, other factors were taken into consideration too.

Home Prices on the Rise

Although we may be out of the recession, the economy is still fairly shaky in most parts of the country. This is as true for the housing markets as anything else.
According to the report, Fort Lauderdale’s home prices went up 8% from the year before though. Palm Beach County enjoyed a very impressive 14.1% boost to its home prices during that same time period.

Fort Lauderdale also got a 1.7% shot in the arm to its home sales; whereas, in Palm Beach County, that number was just a bit higher at 2%.

Possible Room for Continued Growth

Best of all, there is still a lot of room for growth. That doesn’t mean housing prices will absolutely keep going up, of course. However, home prices in these two areas are still well below peak levels.

For example, the median sales price for a home in Palm Beach County is $247,000, but that’s 18% short of its peak. For Fort Lauderdale, they are 22% below their peak with homes selling at a median price of $227,000.

Again, there’s no guarantee that home prices will continue to appreciate in these parts of Florida, but they certainly have been for the past few years now, which is definitely a good sign.

While many people would move to Fort Lauderdale or Palm Beach County just for the weather, you now have another reason to take the plunge. If you’re looking for single-family homes, you should consider striking while the iron is hot.

If you’re considering to purchase a property, please contact our office – One Sotheby’s International Realty at (305) 336-0457 or view our site with up-to-date listings – www.sunnyislesmiamirealestate.com/Fort-Lauderdale/Homes-For-Sale/

Fort Lauderdale Sees Two Most Expensive Listings Ever

By Sunny Isles Real Estate Expert on September 24th, 2015

Fort Lauderdale homes for sale

For a while now, real estate professionals and developers have been saying that Fort Lauderdale is the next hot property location. It’s quickly becoming as popular as Miami, and the rise in prices in the area, along with the rise in interest, are evidence of this. In fact, two most recent listings in Fort Lauderdale were listed for a whopping $32 million, making it the most expensive homes in the area’s market… by quite a bit. The next home on the list is asking $25 million, and it is located in the same high-end area of Rio Vista.

What Do These Homes / Estate Offer?

Located at 1600 Ponce de Leon Drive in Rio Vista, the estate certainly does have plenty to love and even more to offer. It comes with 500 feet of waterfront space, along with two acres of gardens. It’s in a gorgeous location and the size of the property, along with the greenery, will help to give the residents a feeling of privacy that they might not be able to get elsewhere. The design of the estate certainly has a Georgian feel to it, and that’s no accident. The meticulous and beautiful garden design comes from Raymond Jungles, who has a reputation for taking landscape architecture to the next level.

Fort Lauderdale mansion for sale

The mansion, built in 2007, is 16,022 square feet and features eight bathrooms, three half baths, and eight bedrooms. It also sits on the largest piece of land in the city dedicated to a single-family home. The home also has a range of luxury features including a wine cellar, a clubroom, a guest house, a workshop, office, and a garage that can hold up to nine cars. One of the other interesting features of the home is that it’s next to the home of H. Wayne Huizenga, who used to own the Miami Dolphins.

Another one of the reasons that this mansion and estate can fetch such a high price is the location. Even though it has a feeling of being entirely private, it’s still part of the downtown area, and it is quite easy to get to many different locations quickly and easily. People will pay for this convenience, and when coupled with everything else that the mansion has to offer, it’s easy to see just why $32 million is not out of the question.

The second property is located at 5 Harborage Isle Dr and is positioned on 3 lots in the exclusive guard gated harborage isle development in Fort Lauderdale. This property was built in 2007 and just got listed on September 15th, 2015. It is over 17,000 square feet which comes to about $1,878 per square foot. It sits on a wide intracoastal waterways and offers immense city views. In addition, it offers dockage for a mega yacht of over 500 feet! The 6 bedrooms, 7 bathrooms estates features rotunda entry, double staircase, elevator, imported marble, onyx & hardwood flooring throughout, 24 feet floor-to-ceiling windows, 5 fireplaces, wine room, bar, home theater, office, gym, tennis court, cabana, summer kitchen, infinity pool & more. This is a must see if you’re looking for that caliber home.

Fort Lauderdale estate for sale

The real estate market in Fort Lauderdale has gotten a lot stronger as it is today. The number of homes selling for more than a million dollars keeps on rising year after year. In today’s market, there is a much better chance of selling the super high-end properties at these prices.

Click HERE to view all currently available homes for sale in Fort Lauderdale.

Fort Lauderdale Rivaling Miami in Real Estate Popularity

By Sunny Isles Real Estate Expert on September 21st, 2015

Fort Lauderdale pre-construction condos for sale

We all know that Miami has been the hotspot when it comes to real estate in Florida. Buyers love the varied properties, the proximity of the water, the culture, and the never-ending stream of entertainment and activities in the area. However, many developers and realtors have been very excited about Fort Lauderdale real estate, and they’ve said that it is quickly becoming a rival to Miami. Now that One Sotheby’s International Realty released their mid-year report, we can see that it’s not just hyperbole. The area is indeed becoming a popular location for buyers, as well as an increase in prices in certain areas, such as East Las Olas.

The Rise of Fort Lauderdale Real Estate

Realtors are very excited about all of the possibilities that Fort Lauderdale holds, and they’ve even gone on to say that they believe other areas of Broward County are in for similar types of growth. Just looking at the market for the waterfront condominiums located in Las Olas, you can see that it is up more than 23% from last year. Just a year ago, the price per square foot of these condos was sitting at $442. Today, it’s around $574 per square foot. It is not only this upscale area that has seen such a boost though. In fact, all around Fort Lauderdale, the market for condominiums has gone up by about 7% for the average price per square foot – $512 to $550 – in just a year.

A number of things are likely playing into the popularity of the area. First, there has been a substantial amount of construction happening. Some of the projects that have recently been completed include Adagio on the Bay and Cymbrinas. They also have a number of other condominium projects that have gone up in the past decade, which have provided more options for those who want to live in the area.

Of course, there is also the location. Many of the properties are very close to the beach, or are right on the beach in a number of cases. When people think about moving to Florida, this is what they want, whether it is in Miami or Fort Lauderdale. Single family homes have also done quite well in the region, and around 10% of the homes sold have been luxury properties with prices tags ranging from $1 million to $5 million.

While the city of Fort Lauderdale and the surrounding area have been doing extraordinarily well this past year, it’s certainly not the only location in the county to be on the upswing. Some of the other neighborhoods including Southwest Ranches and Hillsboro Beach have seen growth in prices, as well as a growth in interest.

Even though the prices have certainly been on the rise, they are still in the affordable range. Naturally, being able to buy high quality properties that are still affordable is one of the main reasons that Fort Lauderdale and other communities in Broward County have been doing so well. It is likely this popularity will continue to increase.

Click HERE To check available properties for sale in Fort Lauderdale

Florida: Home to America’s CEOs

By Sunny Isles Real Estate Expert on November 14th, 2014

Miami home for sale

Different areas of the country are famous for being home to certain types of people. Actors and producers live in Hollywood and throughout Los Angeles. Authors and book moguls live in New York. Florida has its own claim to fame – more CEOs live in the southernmost state than any other area of the country. Of course, not all Florida cities have a high concentration of corporate commanders in chief.

Why Come to Florida?

What’s behind the exodus of CEOs to the sunny shores of Florida? It’s more than the beach and the state’s burgeoning economy. It’s also one of the friendliest states in the country to those with CEO-type incomes, thanks to its lack of individual income tax. There are numerous other attractions to Florida, as well. That’s particularly true of South Florida.

SoFla and particularly Miami has one of the fastest growing economies in the country, and both business and residential real estate are booming. A significant influx of foreign investors, foreign condo buyers and new residents from other US states have made South Florida a fast growing market. Some examples of this growth include the recently approved Miami Worldcenter and the SkyRise tower, as well as Brickell City Centre, which is already under construction. New luxury condos in South Beach, Miami, Miami Beach, Sunny Isles and other areas also cater to CEOs’ tastes for fine living. CLICK HERE TO VIEW AVAILABLE PROPERTIES FOR SALE

A Look at the Cities

Several of Florida’s cities made the list of top areas for CEOs, including:
• North Port – Bradenton – Sarasota – The tri-city area boasts a 1.20% concentration of CEOs within its combined borders.
• Sebastian – Vero Beach – Sebastian might not be your first thought when imagining places in Florida where CEOs would call home, but between it and its southern neighbor, Vero Beach, there’s a 1.37% concentration of business movers and shakers.
• Naples – Marco Island – Naples might be more along the lines of what most would expect for a CEO-heavy area. Between Naples and Marco Island, there’s a 1.28% concentration of CEOs.
• Cape Coral – Fort Myers – You’ll find that the Cape Coral and Fort Meyers area boasts a 1.27% concentration of America’s business moguls.
• Fort Lauderdale – Pompano Beach – Deerfield Beach – You’ll find a concentration of 1.20% of CEOs in this area of Florida.
Of course, while Florida might boast the highest concentration of chief executive officers in the country, there are quite a few other areas giving it a run for its money. Other popular areas for CEOs to settle include:
• Bridgeport, Norwalk and Stamford, Connecticut
• Oxnard, Thousand Oaks and Ventura, California
• Barnstable town, Massachusetts
• San Jose, Sunnyvale and Santa Clara, California
• Boulder, Colorado

Still, it’s clear from the list above that Florida remains the leader here, and its business-friendly environment and rapidly growing economy promise to keep it in first place for a long time to come. Not only do these factors encourage CEOs to relocate to the state, but the lack of personal income tax makes it more likely for homegrown CEOs to found and operate thriving businesses.

Broward County Home for Sale Tops $130 Million

By Sunny Isles Real Estate Expert on November 6th, 2014

Hillsboro Beach house for sale

Broward County is no stranger to high-priced luxury real estate. While it doesn’t necessarily have the same concentration of luxury properties as South Beach, Bal Harbour, Sunny Isles or Miami, that’s largely due to the higher number of high-end condos south of Broward (CLICK HERE TO VIEW NEW CONDOS FOR SALE). The county is home to a number of luxury homes, mansions and estates, though, and they can command very high prices. With that being said, few approach the $139 million commanded by one oceanfront home in Broward County.

A Look at the Home in Question

Pull up to Hillsboro Beach (VIEW HOMES HERE) and you’ll have a stunning view of the water and the beach. You’ll also notice homes, and one home in particular, still under construction at the time of this writing. This is Le Palais Royal, and it’s believed to have the highest price of any residential listing in the country, much less the state of Florida. It’s priced at $139 million, and buyers get a lot for their money.

The house covers 60,500 square feet. Yes, you read that correctly. It boasts 11 bedrooms and 17 bathrooms. That’s not all this truly palatial home has to offer, either. Other features include:

• An underground parking garage with room for up to 30 cars
• A 492-foot dock on the ocean capable of housing a mega yacht measuring up to 185 feet
• A 13-foot front gate clad in 22-karat gold leaf
• An IMAX theater with seating for 18 people
• A bar attached to the theater inside the home
• A 4,500-foot infinity edge swimming pool featuring a 12-foot cascading waterfall
• An LED illuminated water slide
• A swim-up bar in the pool
• A fire pit attached to the pool deck
• An entrance fountain that measures 26 feet
• Dual marble staircases in the entry, costing $2 million

The home is not being built by an individual, but is owned by a trust tied to Robert Jacobson of Delray Beach. Denio Madera Design and Joseph Leon collaborated to design the home, which is expected to be complete late in 2015. All this can be yours for a cool $139 million.

The Most Expensive but Not Out of the Norm

While the home above might be the most expensive residential property listing in the country, it’s not without its peers. In fact, South Florida in general has become known for its incredible array of luxury real estate, ranging from palatial homes to condos, duplexes and more. The home mentioned above is in Broward County, but a quick drive south into Miami-Dade County gives you access to plenty of other listings, many of which approach the level of luxury and price of Le Palais Royal. Head farther south and you’ll enter the Florida Keys, were there are even more luxurious homes tucked away on hidden inlets and harbors.

Whether you’re more interested in a massive palatial estate, a villa, a single-family home or a condo, you’ll find it available in South Florida.

Planned Water Park in South Florida Will Help Residents Keep Cool

By Sunny Isles Real Estate Expert on July 10th, 2014

Fort Lauderdale water park

Florida’s a great place to live, but we know just how hot and balmy it can get during the summer, and actually throughout much of the year for that matter. Fortunately, you can find some great ways to keep cool. Some head to the beach, while others seek refuge in air-conditioned homes, bars, shops, and restaurants. Another great way to beat the heat is to visit a water park, and South Florida might just be getting a brand new park that residents and vacationers alike will love.

Big Plans for the Park

Schlitterbahn Waterparks is planning a park that will be two times the size of the already large Rapids Water Park in Riviera Beach. This new park is quite ambitious and has a large number of rides and rivers that connect with one another. What does this mean for visitors? It means that you will hardly ever have to leave the water during your visit. They have quite a few big ideas for the park too, and they want it to be a family friendly place that’s great for adults, as well as young children.

Some of the other things about the park that sound great include the fact that they do not plan to charge fees for the inner tubes or life jackets, they will offer free parking, and you can use the picnic tables. They even let you bring in your own cooler and lunch to the park. Many other theme parks have very strict rules about what you can and cannot bring into the park with you when it comes to food.

However, the park is still a ways off. They feel that the earliest it will probably open is sometime in 2017.

What Will the Park Offer?

Water is the name of the game at the park, but they do plan to offer more than just water rides. They also will have luxury suites around the perimeter of the park. Called “Treehaus”. They will resemble tree houses from the outside, but they will actually have luxurious accommodations on the inside. In fact, the suites will have three bedrooms and a pullout in the living room, which could accommodate twelve people. The cost of renting the suite would be about $1,000 a night during the height of the season. Spread among ten or twelve people though, this is a great deal.

The cost of admission to the park for the day would run about $50. When you compare that to the cost of other theme parks, it’s easy to see that it really is a great deal.

In addition to the water rides and attractions, the park will have shops and dining areas just as any other theme park might have. While it is still a couple of years away, people are increasingly excited about the idea of getting to the park and cooling down. It will be great to help bolster tourism, and it will bring even more jobs to the area. All in all, it’s a great idea for the Fort Lauderdale area.

Click here to view all Fort Lauderdale homes for sale

Say Goodbye to HoJo and Hello to Luxury Condos

By Sunny Isles Real Estate Expert on June 12th, 2014

Fort Lauderdale condo

Luxury condos are taking the place of the old Fort Lauderdale Beach Howard Johnson’s hotel. The old economy hotel and restaurant was razed in late February to make room for a new condo tower by Paramount developers Nitin Motwani, Daniel Kodsi, and Art Falcone.

The Howard Johnson’s hotel, located at 700 State Road A1A was severely damaged almost a decade ago by Hurricane Wilma. Since then, it’s been an eyesore to the Fort Lauderdale community. The razing of the hotel and construction of the new Paramount Fort Lauderdale Beach project are very welcome events, as the whole area looks to benefit from rebounding and rising property values. A company managed by Nitin Motwani purchased the Howard Johnson’s property for $20 million. The group has now started construction on a tower that will house 95 units, with prices starting at $1 million.

The Paramount Fort Lauderdale Beach property will be 18 stories tall. The developers have set construction to start in the third quarter of this year, and it should be completed in just two years, by the winter of 2016. Condo units are now for sale and can be purchased easily by those looking for a luxury home, near enough to all of the nightlife and culture of Miami, but far enough away to be a bit quieter and more relaxed.

Developing for the Future

The developers are only requiring that homebuyers put down 30 percent of the value of their purchase, and they’re breaking that down into three increments. Buyers will put down 10 percent to reserve themselves a condo. Then they’ll put down 10 percent when they go under contract for the unit, and, finally, they’ll put down another 10 percent at the time of groundbreaking.

Thanks to good luck, a stabilizing economy, and equity financing (which we all know is getting harder to come by these days), potential homeowners for the property can save on their down payments, and breaking those payments up into thirds makes them a lot easier on buyers’ wallets. It’s always easier to spend $100,000 than it is to spend $300,000 or $400,000.

With improvements like this economy hotel getting razed to make room for luxury condominiums, property values in the Fort Lauderdale area can only increase. That’s good news for current homeowners and everyone purchasing real estate in the area right now. These investments are sure to pay off in the long run.

Click here to view all Fort Lauderdale homes for sale

L’Hermitage Condo Fort Lauderdale

By Sunny Isles Real Estate Expert on February 4th, 2014

1500 Ocean Drive Miami Beach

L’Hermitage Condo is situated directly in Fort Lauderdale on Oakland Park Blvd and the ocean. This development offers luxury spacious condo properties. Perfect for those who love the sun, warm climate and the ocean, L’Hermitage Condo offers privacy, security and wonderful grounds to enjoy activities such as clay courts tennis, 4 swimming pools, kids grounds, cafe and state-of-the-art landscaping.

The Property

L’Hermitage Condo has a contemporary feel to it, with luxury in every regard. This is a gated community, offering a very private place to live. Pets are welcome at L’Hermitage Condo. Take your dog for a walk and you can enjoy the walk along the ocean in a private single family oriented area. There are also private roads and plenty of security provided for residents.

The units include luxuries such as marble floors, high-end finishes and more. The kitchens are provided with top-of-the-line appliances. There is a clothes washer located in the units and a dryer, as well.

All of these make L’Hermitage Condo a great place to call your own. Prices generally range into the six-figure end of the scale and beyond, making this a genuinely luxury property. The square footage of the condominium units gets above 4500 feet at the highest end. The condominium units come in many different configurations, all away up to five bedroom units that are ideal for people who have families.

Getting In

Watching the listings and see when they become available is imperative for condominium developments like these. Fort Lauderdale has been enjoying brisk real estate sales recently and the market has largely recovered. With so much demand on the market, it’s likely that anything that becomes available at luxury development such as L’Hermitage Condo is not likely to stay available for long, so you’ll want to be working with a realtor who knows when to jump on a good deal and who knows how to negotiate so that you get the best price possible. L’Hermitage Condo is only one of the excellent properties available in the area that offer waterfront access and plenty of amenities.

For more information or to see available units for sale please visit:

L’Hermitage Tower I – http://www.sunnyislesmiamirealestate.com/Fort-Lauderdale/L%27Hermitage-I/
L’Hermitage Tower II – http://www.sunnyislesmiamirealestate.com/Fort-Lauderdale/L%27Hermitage-II/

Miami July homes and condo sales surge to 2005 heights.

By Sunny Isles Real Estate Expert on September 3rd, 2013

Miami Beach condos for sale

Miami Beach real estate

Miami’s waterfront Single-family home sales

as well as oceanfront condos are surging up to the new heights. The sales volume is similar to the 2005 real estate boom.

In Miami-Dade County, sales of single-family homes soared 27.3 percent in July to 1,227 sales compared to 964 sales in July of last year. Condo sales rose 13.4 percent, up from 1,356 in July 2012 to 1,538 last month.

“The Miami real estate market continues to thrive as demand for housing intensifies and increasing inventory remains insufficient,” Miami Association of Realtors board chairman Natascha Tello said in a release.

In Broward County, there were 1,475 home sales, a 13 percent increase from July 2012, while Palm Beach County saw a 21 percent gain in sales activity in July, from 1,233 to 1,486 sales.

Across Florida, home sales totaled 21,238 last month, up 21 percent from a year ago, according to the Orlando-based Florida Realtors association.

All-cash purchases continue to dominate the Miami homes and Miami condos market, accounting for 66% of overall sales. In fact, Florida led the nation last month with what RealtyTrac spokesman Daren Blomquist called an “astounding” rate of all-cash home sales: 66 percent.

Institutional investors, foreign buyers, landlords and vacation-home shoppers are fueling a cash-only market where first-time homebuyers’ mortgages can’t compete. Cash sales made up 57 percent of Florida’s home sales a year ago and 61 percent of all sales in June of this year, compared with the 66 percent reported in July, according to the report released today by Irvine, Calif.-based real estate research company RealtyTrac Inc.

Why Do Celebrities Come to Miami?

By Sunny Isles Real Estate Expert on July 29th, 2013

Miami celebrities homes for sale

Miami Beach Luxury Estates

Miami has a reputation for attracting celebrities. Particularly areas offering luxurious homes for sale in Miami Beach, luxury waterfront homes in Fort Lauderdale and most beautiful Coral Gables estates, which have many of the qualities that celebrities look for in housing. Aside from large price tags and luxurious estates, there are some aspects of housing in this area of the nation that make it particularly amenable to the needs of celebrities and other individuals who have high profiles for other reasons, such as government officials.


Many areas in and around Miami have gated communities or, at least, security that is available to help maintain the privacy of residents. For many people who have a high profile, this is an absolute necessity. As just one example, Fisher Island residences is one of the most expensive places to live in the United States. Some of the people who live there live there because they are wealthy enough to afford such luxury, but other people live there because the island is entirely private. People who are very well known can go about their lives normally without worrying about being recognized, hassled or having to deal with any of the other drawbacks that do come along with being publicly known.

Exclusive Areas

In addition to having a very vibrant and diverse culture, Miami does have some very exclusive areas of town. Areas such as Bal Harbour real estate, of course, open to anyone and everyone who wants to come down and enjoy some of the most upscale shopping in the world, but there are many well-known people in that area most of the time and, because of that, people who do have a high profile can enjoy going out and about and not standing out among the crowd. This is one of the more attractive elements of living in the Miami area, given that it doesn’t necessarily mean having to live in a gated community all the time.


Of course, if you happen to be living well, it doesn’t make much sense to not enjoy it. Miami has some of the best nightlife in the world. Take the distinctive music of the city, the characteristic colorful lighting and the very active and energetic streets and you have the recipe for an incredibly gratifying night out on the town. Whether you want to go somewhere casual and enjoy some dancing or go to some of the most exclusive establishments in the country, you can do it in Miami.

Miami real estate

has a lot to offer for people who are easily recognizable in public and who want to simply live a good life and not have to worry about being singled out constantly. Of course, many people of means do want to invest their money and, because the Miami real estate market has been picking up remarkably well in recent years, more people are moving here all the time. For privacy, upscale living and the ability to choose between many different types of luxury homes, Miami is very difficult to beat. These are only some of the many reasons that so many famous people are attracted to the city.