While Miami is a poster city for foreign investment, Broward County is experiencing its own influx of such investors thanks to new developments including the luxury condos at Paramount Fort Lauderdale Beach, the Central Parc single-family-home community and the $1 billion Metropica development in Sunrise.
For those investors looking for opportunities in a market where available debt is scarce, high-end properties in Broward County are especially appealing. Arnaud Karsenti, 13th Floor Investments’ managing principal, said at a recent panel that high-end product in Broward is significantly cheaper than Miami’s offerings on a per square foot basis.
But Broward buyers should still expect to pay big bucks for premium properties – perhaps just not as big. Here are the top five most expensive listings in Broward County during the month of November, according to Zillow data.
#1 Coldwell Banker’s Jonathan Postma has the listing for this 7,300-square-foot Harbor Beach home in Fort Lauderdale. It was last sold for $5.5 million in 2010 and is on the market for $8 million. The five-bedroom, six-and-a-half bathroom house is located at 2429 Del Lago Drive and has access to a private beach.
#2 The second priciest listing in November is 2388 Northeast 30th Court in Lighthouse Point. It was last sold in 1990 for $600,000 and is now on the market for $7.9 million. The 9,991-square-foot home has five bedrooms and six bathrooms. Coldwell Banker’s Tim Elmes has the listing. A two-story grotto pool with a waterfall and a fully equipped guest house are among the listing’s highlights.
#3 An 11,477-square-foot condo is the third priciest listing in the county at $6.5 million. Robert Eldredge of RWE Real Estate Services posted the listing for 1200 Holiday Drive, apartment 1201. The waterfront condo was built in 2007 and last sold in 2013 for $4.4 million. It has five bedrooms, five bathrooms and one half-bathroom.
#4 This six-bedroom, seven-bathroom compound comes with an equestrian estate – a barn with three stalls – and a separate 12-car garage. The Davie house is on the market for $5.9 million and the site was last sold in 2007 for $445,000. One Sotheby’s International Realty has the listing for the 11,013-square-foot home located at 5510 Southwest 70th Avenue.
#5 The fifth most expensive Broward listing to hit the market in November was this Las Olas waterfront home. Premier Estate Properties Kevin Kreutzfeld has the listing for this five bedroom, six bathroom, 7,198-square-foot home located at 520 Lido Drive. It’s on the market for $5.9 million and includes a resort-like pool, spa and loggia, according to the listing.