Inside Ft. Lauderdales eight-figure waterfront…
To attain the higher price scales of Fort Lauderdale’s home listings, a few issues are a must: water on at least two sides (a peninsula even better) and the power to dock a yacht of vital size alongside the home.
Ideally, the home needs to be newly constructed (or renovated), with space tailor-made for internet hosting large occasions and waterfront soirées. Private pickleball courts, a car collector’s storage, even a two-story flat screen seen to boaters passing by — all good touches that can push the asking price larger.
These are the defining options of Fort Lauderdale’s latest crop of ultra-luxury properties, where top listings hover as high as $49 million. A new contender at $65 million is coming in November, said Chad Carroll, a broker with Compass recognized for luxurious listings in Miami and Palm Beach, who is at the moment advertising two of Fort Lauderdale’s priciest properties, at $39 million each.
With eight bars, two swimming pools, two scorching tubs and a rooftop celebration terrace, you possibly can go on trip every day without leaving home at 600 Isle of Palms Drive. Daniel Petroni / The Chad Carroll Group
One is 600 Isle of Palms Drive. It’s a 15,000-square-foot “resort-style home” with eight ensuite bedrooms, including two main suites (one completed in uncommon Fijian stone). But this isn’t just a home for sleeping in — it’s a celebration palace with huge entertaining areas including eight bars, a wine cellar and a rooftop terrace. The property also contains two swimming pools, two scorching tubs, an outside amphitheater and 300 toes of waterfront. “It’s built for pure entertainment,” said Carroll.
Seconds away by boat, or 10 minutes by car is 1400 West Lake Drive, which share its neighbor’s price tag. Currently under construction, it’s shaping into a 10,400-square-foot, three-story residence, on 250 toes of waterfront that can maintain a number of boats. Expected to be accomplished in March, it would embody seven bedrooms, a wellness heart, a recreation room, and a three-car storage with lifts. Outdoors, the grounds embody a number of swimming pools, scorching and cold plunges, plus waterfalls and fire options.
“Price points have increased substantially over the last two years,” Carroll said. “The wealth migration has been enormous. People are physically relocating their families and moving here, so they want something comparable to what they’re accustomed to in California, New York and Connecticut.”
The median sale price of a Fort Lauderdale luxurious home (outlined as the top 10% by price) jumped 20% year-over-year in the third quarter to $3.65 million, according to Miller Samuel and Douglas Elliman Real Estate. And ultra-luxury provide is finally catching up: Nineteen single-family properties priced at $10 million or larger hit the Broward County market in September — in contrast with none a yr before.
The document for Fort Lauderdale’s most costly home sale was set just last yr, when financier Donald Sussman offered his waterfront property at 5 Harborage Isle for $70 million. Nothing at the moment listed rivals that determine, but Carroll says demand for ultra-luxury properties stays strong, pushed by high-net-worth consumers who view Fort Lauderdale as a relative cut price in contrast to Palm Beach or Miami Beach (where the median price of luxurious properties is $17.2 million and $21.5 million respectively).
On a non-public level and asking just shy of $50 million, 516 Mola Ave. is the most costly property for sale in Fort Lauderdale. Daniel Petroni Photography
The six-bedroom home has waterfront on three sides. Daniel Petroni Photography
Currently, the priciest single-family on the market is 516 Mola Ave., which is asking $49.99 million. Located on a non-public peninsula once owned by the late Blockbuster Video mogul Wayne Huizenga, it’s a newly constructed, 10,000-square-foot unfold designed by architect Max Strang. The property has 740 toes of waterfront on three sides — enough to simply dock a 150- to 200-foot yacht, said itemizing broker Tim Elmes of Compass.
The home’s cantilever design makes it seem to float above the water. It also contains a pickleball court, a movie show, separate visitor quarters and an adjoining deeded lot that affords buffer from neighboring properties or the option to construct an added residence, Elmes said.
Then, at reverse ends on the single-street island of Isla Bahia Drive within Fort Lauderdale’s gated Harbor Beach neighborhood, two mansion are gunning for equally sky-high costs.
Newly renovated, 1 Bahia Drive is a huge 14,000 sq. toes including its two-story visitor home. Eric Igualada
The grand property is itemizing for $42.5 million. Eric Igualada
At 1 Isla Bahia Drive, an intensive renovation was full in September on the sprawling property that contains a main residence and a two-story visitor home that totals to 14,000 sq. toes, six bedrooms and 13 baths. Set on a 343-foot level on the island’s western terminus, the property gives 170 toes of protected deep-water dockage and access to a non-public marina and seashore, “perfect for yachting enthusiasts,” the itemizing with Compass’s Sheryl Hodor cooed. The renovation added a glass elevator and a four-car storage that could be expanded to maintain eight automobiles. It’s asking $42.5 million.
Across the island, No. 84 occupies the island’s easternmost level with 300 toes of waterfront offering sweeping Intracoastal views. The three-level residence is tricked out with hovering ceilings, customized closets, sensible home technology — not to point out 4 fireplaces, six moist bars and a commercial-grade elevator.
Upstairs, there may be a top-floor lounge that’s all about views, while downstairs an infinity-edge pool, a waterfront terrace and a non-public dock set the scene. It’s asking $45 million with Amy Carpenter of duPont Registry Realty.
Splash pad 1845 SE seventh St., just a short swim away from 1 Bahia, is asking just under $40 million. Daniel Petroni Photography
Proper channels: The manse sports activities a two-story, 23-foot TV. Daniel Petroni Photography
But if there may be a magic quantity in the “Venice of America,” it’s clearly $39.99 million. That’s also what 1845 SE seventh St. is asking. Planted just across the water from 1 Isla Bahia Drive, it’s a three-story waterfront property with a roof deck on top, seven bedrooms and expansive views of the Intracoastal.
The property contains 250 toes of deep-water frontage — enough to accommodate a sizable yacht — and options a 23-foot, two-story TV screen “so big you can see it from the Intracoastal if the shades are up,” Elmes, the itemizing agent, said.
Outside, the pool’s partitions are made of 4-inch-thick glass which offer Intracoastal views from underwater.
Fort Lauderdale “allows you to have larger estate-type properties and more land because Palm Beach and Miami have been really low on ultra-luxury inventory,” said Carroll, whose group already surpassed $850 million in accomplished gross sales this yr — beating out their COVID migration peak in 2021.
“Where else are you going to find over two acres of land and 200-plus feet on the ocean? 2025 will be a record year for us,” he said.
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