Bargains in Ft Lauderdale Waterfront Real Estate
Ft Lauderdale Waterfront home seekers not to many years ago would have been looked at with a nice shy little smile by most Fort Lauderdale Realtors if they came in looking for a Fort Lauderdale Waterfront home around $300,000. In our own polite way each Ft Lauderdale Realtor would have discussed, waterfront with numerous fixed bridges, and the many dry stack storage facilities that would have made a Fort Lauderdale Waterfront home less important to the buyer. At $300,000 most Fort Lauderdale Waterfront Homes buyers were simply priced out of the market. At that time, just about 5 years ago, a Ft Lauderdale Waterfront lot was in the $500,000 price range, in an average waterfront neighborhood. A tear down Fort Lauderdale Home on great water such as the canals of Harbor Beach was hard to find and easily commanded over $1,000,000, as this was the price that a spec builder was willing to pay for prime Fort Lauderdale Waterfront.
Fort Lauderdale Waterfront Prices has not plummeted
Through out the Ft Lauderdale Real Estate market area it is not difficult to find the conversation that the “price of an average Fort Lauderdale property has dropped 50%”. The piece that many don’t recognize is that the Waterfront Fort Lauderdale Homes of Las Olas or Rio Vista are not average Fort Lauderdale Real Estate. These homes are some of the most desired Waterfront Homes is South Florida. In these areas the least expensive single family homes, with smaller waterfront footage, and needing work, still average over $1,000,000. Prices have certainly dropped, but these are communities where it is rare to find a seller who must sell. True distressed sales simply do not exist. Have we dropped from our lofty peak of 2005 – 2006, most definitely but the finest Ft Lauderdale Homes prices correctly will still often find multiple ready willing and able buyers.
Less Expensive Waterfront Homes in Fort Lauderdale
Times have certainly changed but it is the feeling of many that time is running out if your goal is to purchase a Fort Lauderdale waterfront bargain. We are not discussing the prime Ft Lauderdale areas such as Harbor Beach or Rio Vista, we are discussing the least expensive waterfront in the east Fort Lauderdale area. These are areas where homes were easily selling from $500,000 to over a million just 5years ago. Today there are some bargains to be had in the neighborhoods of Shady Banks, Citrus Isles, and Riverland. One of these bargains is a home in Citrus Isles (near the west end of SW 17th Street) at 1208 Guava Isle. At just over 1200 sq. feet, with two bedrooms 2 baths, it is more about the 65 feet of waterfront in an area of no fixed bridges. With a current asking price of $298,900 this home stands out as one the bargains in Ft Lauderdale Waterfront Real Estate.
Buyers Need to Act Quickly
There are not many Fort Lauderale Waterfront Homes in the under $500,000 market and it really is a part of the Ft Lauderdale Real Estate market where buyers need to act quickly. If you are looking for a Fort Lauderdale Waterfront Home, email us today and tell us that you want to be added for notification of all new waterfront Fort Lauderdale bargains that come on the market. We will make sure you are included as the first to know and work with you to help you to be the first to react. Eric Miller and Associates is not the lsiting agents on this property but would be glad to represent you as your Ft Lauderdale Buyers agent, contact us today.
