March 2010 RSS Feed

On 3/2/2010 the Fort Lauderdale MLS reported the sale of 650 San Marco Drive, one of Fort Lauderdale's Waterfront Estates. The property which boasts over a half acre, on a point lot has over 450 feet of prime waterfront.

The home is over 7000 sqaure feet, and contains 5 bedrooms, 6 full and 2 half baths. Originally listed for $13,900,000 and later reduced to $11,900,000 the estate sold for $10,800,000.

The home features luxury finishes throughout including venetian plaster, beamed and coffered ceilings and a chefs kichen. In addition two fireplaces, a wine cellar and a beautiful pool area complete this Fort Lauderdale Estate Home.

When looking for a waterfront Fort Lauderdale Home making things go into the valuation, but purchasing waterfront…

Over the last few years the real estate market can be viewed as the perfect storm. Bad loans started to surface, too many sellers became landlords and investors assuming the market could only go up, and the economy tanked, these and numerous other occurrences, not to forget 9/11 simply changed the world as we knew it and along with it our real estate markets.

No real estate was excluded from this price correction. Sorry even you had the most special kitchen cabinets in the world chances are your home went down in value as well.

However, as we enter a new Fort Lauderdale real estate market and a more balanced one, where buyers don't out number sellers 100 to 1, I sincerely believe many of the rules of this normal market are returning. You all remember…