Fort Lauderdale Heating Up Florida’s Real Estate Market

By Sunny Isles Real Estate Expert on February 23rd, 2016

Continuum Miami Beach

From Sunny Isles to Miami, more and more developers are gambling that high-end buyers from around the world will line up for the offerings of starchitects and the opulence that was once reserved for real estate in London or New York.

This has been brought to the attention of real estate markets all over after the $60 million purchase of a Miami Beach duplex penthouse by Ken Griffin a hedge fund manager. Closing this past September, Griffin paid $10 million more than the asking price after it was combined with a lower unit. Features include a 9,900 square foot terrace a 70-foot long pool and eight bedrooms. See all Faena Condos for sale HERE

The Appeal of Million Dollar Condos

While it was believed that the Miami condo market had cooled, with currency prices dropping all around the world, the fact is, among the billionaire buyers, the appeal of sky-high abodes is still as hot as ever before. For example, a six bedroom penthouse featuring a cantilevered glass pool that was listed for $55 million in Sunny Isles Beach was put under contract in 2014, for an amount that was undisclosed. Click HERE See Sunny Isles condos for sale

It is important to note, not all the penthouses are just flying off the shelves and developers have to be careful not to overextend themselves. For example, the Porsche Design Tower has more than 24 billionaires as buyers for the 132 unit building, but the penthouse has been on the market for about three years.

Increasing the Appeal of Miami Real Estate

Miami isn’t the only hot real estate market in Florida. Thanks to a new zoning law, Wynwood, a neighboring city to Miami is about to get quite a few new residents. In an effort to create the southern version of New York’s Meatpacking District, smaller apartment and condo units are being built over a span of 50 city blocks. While these aren’t selling for millions yet, the neighborhood did have a record sell with the 250 Wynwood condos selling for over $1 million.

Perhaps the biggest story is a community that has lurked in the shadows of Miami real estate for quite a while – Fort Lauderdale. According to experts and developers, Broward County is starting to look like a bargain to a number of the foreigners looking to set up shop in this area. Expectations are that this location is going to steal a bit of the Magic City’s steam.

In fact, the land in this area is a fraction of what it costs in Miami, which is, essentially, the exact same beach. Currently, the Auberge Beach Residences & Spa Fort Lauderdale is selling one to five room condos for prices of $1.5 million to more than $9 million.

More Affordable Living Near Miami

Currently, the condos in Fort Lauderdale are being offered for about 40 percent under new units in Miami, which have been quickly scooped up by both foreigners and locals. Even areas that once struggled to sell units, such as The W Fort Lauderdale, is getting a breath of fresh air. The hotel is being renovated and has units that are going for as much as $1.5 million.

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

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

Privage Fort Lauderdale Condo Is Accepting Priority Reservations Now

By Sunny Isles Real Estate Expert on June 18th, 2014

Private Fort Lauderdale condos

The Privage Fort Lauderdale condo tower is now open for priority reservations. This incredibly luxurious building is home to large floor plans of 3,000 to 4,000 square feet, starting at $2.4 million. Privage’s tagline is “Privilege has its place,” and that place is most definitely at home in this building. It’s directly on the waterfront, commanding some of Fort Lauderdale’s most sought-after real estate.

Privage offers private grand entrances to each of its condos. That means that you won’t ever have to walk down the hall from the elevator to get to your unit. You’ll just step directly out into your foyer. What else does this building offer? It boasts the best of the best in ultra-luxury living, both for the building as a whole and for each private condo unit.

Private Fort Lauderdale

Building Amenities

Just by looking at the building from the outside, you can tell that it’s designed with class and culture in mind. With sweeping curves, large windows, and modern, clean lines, Privage is a beautiful sight to see. The grand lobby is stunning and spacious. The fitness center is fully stocked with state-of-the-art equipment, and there’s a media and screening area, as well.

The concierge and valet are on duty to see to all of your needs and wants, whether you’re on your way home or heading out for the day or night. The pool, indoor and outdoor bar, and outdoor grilling area allow residents to mingle as much as they like in a truly communal setting. Meanwhile, intimate lounges and cabanas are also available, if you’d like to get some time alone while you’re lounging by the pool.

Everything you could want in a residence is right there for you. Feeling stressed? Privage has men’s and women’s spas and saunas, complete with lockers and showers, so that you don’t have to go all the way back up to your condo if you’d like to get freshened up and change before you leave.

Privage condo also offers private garages and stations to charge electric cars. The building is pet-friendly, as well, so you don’t have to choose between your dream home and a member of the family.

Unit Features

The residences of Privage have flow-through floor plans, allowing you both sunset and sunrise views. Each floor plan has at least two outdoor terraces, giving different views of the beautiful surrounding areas. You can choose between two and three bedroom units, each with his and hers bathrooms, large walk-in closets, and morning kitchens in the master bedrooms.

Your residence will be outfitted with smart technology, and every unit is wired for security. Wet bars are installed for outdoor entertaining. You can choose from three deluxe kitchen designs, and every residence comes with a deluxe coffee and espresso maker, in addition to all of its other luxury amenities.

Privilege’s place is at Privage, at 325 North Birch Road, in Fort Lauderdale. If you’re ready to truly live in the lap of luxury, it’s time to reserve a unit at Privage today – call (305) 336-0457.

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 –
L’Hermitage Tower II –

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.

Single-Family Homes in Broward Jump 16 Percent in Prices

By Sunny Isles Real Estate Expert on January 2nd, 2013

Fort Lauderdale real estate For Sale

Fort Lauderdale Homes For Sale

The news for Fort Lauderdale real estate

has been very good lately, as well as for the entire Broward County. According to recent reports, the median price of existing single-family homes in Broward County improved in October of 2012, compared to their performance in October of 2011.

The median price of a home was $211,000. This marks a 15.9 percent increase in the median price compared to October of 2011. A similar jump in price was reported for townhouse condominium properties, with those properties rising 14.6 percent during the same timeframe.

The performance of single-family homes in Fort Lauderdale has been bolstered by the movements of the market in general.

The Inventory

These price gains are supported by the fact that the single-family home inventory declined in Broward County over the last year. In October of 2011, there were nearly 50 percent more homes available than there were in October of this year. In fact, the inventory fell 49.1 percent during that timeframe, with 4806 units in total being available in October of 2012. This has some important implications for the market, particularly for those who are considering selling a home, though it is also good news for those who are interested in purchasing a property in Broward County.

The Real Estate Market

Declining inventory and increasing prices mean that the market is likely to be more amicable towards sellers in the near future. As the performance of real estate in Florida has started to recover, the buyer’s market has leveled out a bit, making selling a home a more attractive proposition for people in general.

Declining inventory demonstrates that homes in Broward County are most certainly in demand, which means that sellers may have a bit more leverage when trying to negotiate a good selling price for their property. The assistance of a qualified realtor is imperative in these market conditions, as it is possible to end up with a bad deal, whether you are a buyer or a seller.

How Expert Realtors Can Help

With home values on the rise, it’s easy for sellers to become unrealistic about what constitutes a good price on their home. While the market is improving all-around, there is always the possibility that sellers will get a bit too taken with the performance of the market and will assume that they can start asking unrealistic prices for the properties. Even though the median home value may be going up, that doesn’t mean that buyers are in a position where they have to take any sort of a deal offered.

Realtors have excellent information about the market, inventory and all of the other factors that play into pricing a property. If you are considering selling your home or if you’re interested in purchasing a house in Broward County, contacting a qualified Fort Lauderdale real estate agent to give you assistance will ensure that you get the best possible deal, no matter which side of the transaction you happen to be on. With the real estate market improving, there’s never been a better time to investigate your options, whether you are a buyer or a seller.