Here were the top selling luxury condo buildings in Broward in 2017

L’Hermitage, Las Olas Beach Club and W sold the most

TRD MIAMI /
Feb.February 02, 2018 05:30 PM

Fort Lauderdale skyline (Credit: Wikimedia Commons)

It was a difficult year for luxury condo sales in Broward County in 2017, but there were a handful of standouts.

L’Hermitage, a two-tower beachfront development at 3100 North Ocean Boulevard, sold the most in terms of sales volume last year, according to The Real Deal’s analysis of county records. Seven deals there totaling $20.7 million closed in 2017. The development was completed in 1997 and 1998, and includes more than 450 units.

The top three selling buildings are in Fort Lauderdale. After L’Hermitage, was the Las Olas Beach Club, where nine sales totaling $18.6 million closed. The beach club, at 101 South Fort Lauderdale Beach Boulevard, was developed by the Related Group in 2006 and has about 150 units.

The W Fort Lauderdale, a Related Companies project, reported the third-highest sales volume for luxury condo sales in 2017, at $16 million. Fourteen sales closed at a median price of $1.16 million, according to the data.

Overall, the county recorded 311 luxury condo sales totalling $311.2 million in 2017. From October through December,  the median sale price for condos in Broward was $1.46 million.

That represented the highest median price for the year, but was still lower than the same period in 2016. The second quarter of 2017 was the most active of the year. Nearly 100 units sold for $143.9 million.

The most expensive condo deal of the year was the $4 million sale of unit 2201 at Harbourage Place. A relative of Philadelphia business magnate C. Graham Berwind bought it.

Bulk sales were excluded from this analysis. Luxury is defined as $1 million and up.


Related Articles

arrow_forward_ios
Jonathan Sobel and his units at the Surf Club (Credit: Realtor and Redfin)

Ex-Goldman Sachs partner picks up Surf Club condos at a discount

Elliot Eisenberg and his Aventura condo

Telling move: Housing expert relocating to South Florida for tax savings

From left: Andrea and Renzo Rosso

Diesel family dishes on Wynwood condo project

Bruce Eichner and his Continuum penthouse (Credit: Douglas Elliman)

Bruce Eichner slashes listing on his Continuum penthouse, and eyes next Miami project

Rendering of Legacy Hotel and Residences with Dan Kodsi and Peggy Olin

Developer Dan Kodsi plans hotel-condo tower at Miami Worldcenter

Chad Carroll, Cyril Matz and Fernando Alves with unit 2501 at Oceana Bal Harbour

Brazilian retail mogul buys Oceana Bal Harbour condo for $8M

Ugo Colombo, Brickell Flatiron and Vanessa Grout (Credit: Golden Dusk Photography)

Ugo Colombo completes 64-story Brickell Flatiron condo tower

Janine Yorio

NYC startup to buy Miami condos at a discount and open to investors

arrow_forward_ios
Loading...