The Real Deal Miami

Hallandale Beach morphs from shabby beach town to upscale resort destination

The median home-sale price in the city has risen to $209 per square foot, 10% more than the county-wide average
March 02, 2019 02:00PM

(Credit: Hallandale Beach Government, Getty)

Hallandale Beach is shaking off its past as a shabby beach town amid a surge in real estate development.

A longtime winter destination for Canadians, the oceanfront city of nearly 40,000 residents in southeastern Broward County also has started to attract European buyers of vacation homes.

Part of the appeal of Hallandale Beach is its central location between Miami and Fort Lauderdale and its proximity to the international airports and seaports in South Florida’s two largest cities.

Hallandale Beach also is near Aventura Mall which has more retail space than any other shopping mall in the nation. The mall, just south of Hallandale Beach, is anchored by Bloomingdale’s and Nordstrom.

Among other new developments in Hallandale Beach, Hallandale ArtSquare opened last year with 368 rental apartments. The six-building oceanfront development also has a fitness center, an outdoor fire pit, a swimming pool with a resort-style design, an entertainment lounge, and 12,000 square feet of retail and restaurant space.

Another oceanfront development is a 38-story, 64-unit condominium called 2000 Ocean. New York City-based KAR Properties is developing the condominium, a glass tower designed by Enrique Norten of TEN Arquitectos and conceptually designed by Kobi Karp.

The median home-sale price in Hallandale Beach is $209 per square foot, about 10 percent above the county-wide average.

Last year, the highest home-sale price in Hallandale Beach was $1.89 million for a 4,747-square-foot waterfront home at 455 Holiday Drive, which equates to nearly $400 per square foot.

Among homes in Hallandale Beach listed for sale, the most expensive is a 4,819-square-foot waterfront home on Oleander Drive with an asking price of $6.99 million, or $1,450 per square foot. [Forbes]Mike Seemuth