View of luxury L'Hermitage Fort Laudedale condos for sale - 3100 N Ocean Blvd Fort Lauderdale FL

Luxury Condos

Fort Lauderdale Luxury
& Trophy Condos

Here is our guide to Fort Lauderdale luxury condos for sale for March / April 2016.

Search Luxury Condos $500K Plus

Search Luxury Condos1 Million Plus

Fort Lauderdale with its oceanfront, waterfront and down town areas offers a great range of Luxury Condos & “Trophy” Condos for Sale.

Key Statistics for Buyers / Sellers

  • Prices from $500,000 – $14 Million
  • Median List Price $847,000
    – 3 Bedroom 2 Bathroom Unit
Ocean views from a Fort Lauderdale luxury condo for sale in L''Hermitage
Ocean views from a Fort Lauderdale luxury condo for sale in L”Hermitage

Luxury Condos
Prices by Bedroom

Here is our market summary report for Fort Lauderdale Luxury condos for sale by median price / bedroom

Beds/Baths SF/FF List Price LP$/SqFt
1 / 1 1,028 $635,000 $571
2 / 2 1,696 $705,000 $438
3 / 3 2,588 $1,037,500 $436
4 / 4 3,368 $1,495,000 $346

 

We can see from this report that:

  • The median price for Fort Lauderdale Luxury 1 Bedroom condos for sale is $635,000 – this being for a 1 bedroom 1 bathroom luxury condo unit of 1028 square feet with a list price to square foot price of $571.00 – In our last post the median price for Luxury 1 Bedroom condos for sale was slightly lower at $630,450 – this being for a 1 bedroom 1 bathroom luxury condo unit of 1012 square feet with a list price to square foot price of $577.00
  • The median price for Fort Lauderdale Luxury 2 Bedroom condos for sale is $705,000 – this being for a 2 bedroom 2 bathroom luxury condo unit of 1696 square feet with a list price to square foot price of $438.00 – In our last post the median price for Luxury 2 Bedroom condos for sale was higher at $749,500 – this being for a 2 bedroom 2 bathroom luxury condo unit of 1650 square feet with a list price to square foot price of $458.00
  • The median price for Fort Lauderdale Luxury 3 Bedroom condos for sale is $1,037,500 – this being for a 3 bedroom 3 bathroom luxury unit of 2588 square feet with a list price to square foot price of $436.00 – In our last post the median for Luxury 3 Bedroom condos for sale was lower at $999,500 – this being for a 3 bedroom 3 bathroom luxury unit of 2573 square feet with a list price to square foot price of $447.00
  • The median price for Fort Lauderdale Luxury 4 Bedroom condos for sale is $1,495,000this being for a 4 bedroom 4 bathroom luxury condo unit of 3368 square feet with a list price to square foot price of $346.00 – In our last post the median for Luxury 4 Bedroom condos for sale was $100,000 less at $1,595,000 – this being for a 4 bedroom 4 bathroom luxury condo unit of 3371 square feet with a list price to square foot price of $412.00

Kevin Wirth Fort Lauderdale Realtor

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Kevin Wirth – Realtor
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Luxury Condos
Pricing Analysis

Currently there are 606 luxury condos  for sale in Ft Lauderdale – units that are priced at $500,000 or more 

It s important to note that inventory levels for luxury condos for sale are well up from our last posts

The pricing analysis report for these condos in presented below.

 $$ Beds/Baths SF/FF List Price
High 6 / 7 11,567 $13,995,000
Low 1 / 1 724 $500,000
Avg 3 / 3 2,379 $1,169,908
Med 3 / 2 2,126 $847,000

We can see from this report that:

  • The average price for a luxury Fort Lauderdale condo in this price range is $1,169,908 – this being for a 2 bedroom 2 bathroom unit of 2379 square feet.
  • The median price for a luxury Fort Lauderdale condo in this price range is $847,000 – this being for a 3 bedroom 2 bathroom unit of 2126 square feet
Superb Intracoastal views from a luxury condo for sale in Fort Lauderdale
Superb Intracoastal views from a luxury condo for sale in Fort Lauderdale

Luxury Condo
Inventory Analysis

The inventory analysis report is a very important and useful tool – for it shows us the breakdown of the inventory for ALL Luxury Fort Lauderdale condos for sale by price brackets or price ranges.

The inventory analysis report is presented below:

Price Range Quantity
$500,000 – $549,999 63
$550,000 – $599,999 55
$600,000 – $699,999 108
$700,000 – $799,999 56
$800,000 – $899,999 44
$900,000 – $999,999 45
$1,000,000 or over 222
Total 603

 

We can see from this report that the largest concentration of luxury condos for sale are units priced at over $1 Million dollars with 222 condos currently for sale in this price range – This is up from 195 luxury condos in our last report!

Artists rendering of a luxury new construction oceanfront condo for sale
Artists rendering of a luxury new construction oceanfront condo for sale

Luxury Condos
by Bedroom

Here is our guide to Luxury Fort Lauderdale condos for sale by bedroom – we focus in detail on 1 bedroom condos right through to 3 bedrooms units.

Note: Prices for luxury 4 or more bedroom condos here in Fort Lauderdale can vary dramatically – this is a result of factors including: location, the building, building amenities and unit stack and unit condition and/or customization.

Fort Lauderdale Luxury
1 Bedroom Condos

There are currently 21 x 1 bedroom Fort Lauderdale luxury condos for sale – down from 24 units in our last post!

Here is our market report for Luxury Fort Lauderdale 1 bedroom condos currently for sale.

 $$ Beds/Baths SF/FF List Price
High 1 / 2 1,400 $1,391,900
Low 1 / 1 724 $516,510
Avg 1 / 1 1,053 $679,391
Med 1 / 1 1,028 $635,000

We can see from this report that the:

  • Average price for a Fort Lauderdale luxury 1 bedroom condo currently for sale is $679,391– this being for a 1 bedroom 1 bathroom condo of 1053 square feet with a list price to square foot price of $675.00
  • Median price for a Fort Lauderdale luxury 1 bedroom condo currently for sale is $635,000 this being for a 1 bedroom 1 bathroom condo of 1028 square feet with a list price to square foot price of $571.00

We can also see from this report that the lowest price for a luxury Fort Lauderdale 1 bedroom condo for sale is $516,510 and the highest price is $1,391,900.

Interesting to note is that the smallest luxury 1 bedroom condo for sale is just 724 square feet (these are usually Hotel Condos) and then the largest 1 bedroom condo for sale is a 1400 square feet.

Fort Lauderdale Luxury
2 Bedroom Condos

There are currently 253 x 2 bedroom Fort Lauderdale luxury condos for sale – this is well up from 190 in our last post!

Here is our market report for Luxury Fort Lauderdale 2 bedroom condos currently for sale.

 $$ Beds/Baths SF/FF List Price
High 2 / 3 3,350 $3,900,000
Low 2 / 1 936 $500,000
Avg 2 / 2 1,794 $841,307
Med 2 / 2 1,696 $705,000

We can see from this report that the:

  • Average price for a Fort Lauderdale luxury 2 bedroom condo currently for sale is $841,307 – this being for a 2 bedroom 2 bathroom condo of 1794 square feet with a list price to square foot price of $477.00
  • Median price for a Fort Lauderdale luxury 2 bedroom condo currently for sale is $705,000 this being for a 2 bedroom 2 bathroom condo of 1696 square feet with a list price to square foot price of $438.00

We can also see from this report that the lowest price for a 2 bedroom condo for sale is $500,000 and the highest price is $3.9 Million.

Interesting to note is that the smallest luxury 2 bedroom condo for sale is just 936 square feet and the largest luxury 2 bedroom condo for sale is a “massive” 3350 square feet condo – well over the three times the size of the smallest unit!

Fort Lauderdale Luxury
3 Bedroom Condos

There are currently 278 x 3 bedroom Fort Lauderdale luxury condos for sale – up from 234 units in our last post!

Here is our market report for Luxury Fort Lauderdale 3 bedroom condos currently for sale.

$$  Beds/Baths SF/FF List Price
High 3 / 5 7,809 $6,500,000
Low 3 / 2 1,469 $510,000
Avg 3 / 3 2,679 $1,227,818
Med 3 / 3 2,588 $1,037,500

We can see from this report that the:

  • Average price for a Fort Lauderdale luxury 3 bedroom condo currently for sale is $1,227,818– this being for a 3 bedroom 3 bathroom luxury condo of 2679 square feet with a list price to square foot price of $466.00
  • Median price for a Fort Lauderdale luxury 3 bedroom condo currently for sale is $1,037,500 this being for a 3 bedroom 3 bathroom luxury condo of 2588 square feet with a list price to square foot price of $436.00

We can also see from this report that the lowest price for a 3 bedroom condo for sale is $510,000 and the highest price is $6.5 Million.

Interesting to note is that the smallest luxury 3 bedroom condo for sale is just 1469 square feet (typically these are Hotel Condos) and the largest 3 bedroom luxury condo for sale is a “massive” 7809 square feet condo! 

Fort Lauderdale Luxury
4 Bedroom Condos

There are currently 41 x 4 bedroom Fort Lauderdale luxury condos for sale 

Here is our market report for Luxury Fort Lauderdale 4 bedroom condos currently for sale.

$$  Beds/Baths SF/FF List Price
High 4 / 5 7,654 $7,596,900
Low 4 / 3 2,299 $524,900
Avg 4 / 4 3,652 $1,970,671
Med 4 / 4 3,368 $1,495,000

We can see from this report that the:

  • Average price for a Fort Lauderdale luxury 4 bedroom condo currently for sale is $1,970,671– this being for a 4 bedroom 4 bathroom luxury condo of 3652 square feet with a list price to square foot price of $503.00
  • Median price for a Fort Lauderdale luxury 3 bedroom condo currently for sale is $1,495,000 this being for a 4 bedroom 4 bathroom luxury condo of 3368 square feet with a list price to square foot price of $346.00

We can also see from this report that the lowest price for a 3 bedroom condo for sale is $524,900 and the highest price is just over $7.5 Million.

Interesting to note is that the smallest luxury 3 bedroom condo for sale is 2299 square feet (typically these are Hotel Condos) and the largest 3 bedroom luxury condo for sale is a “massive” 7654 square feet condo! 

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Fort Lauderdale offers an amazing range of luxury condos for sale – with options from downtown units to Intracoastal units to oceanfront units.

Given all of these diverse options it can be hard to compare units as if you where comparing apples to apples.  Also many of the luxury complexes offer vastly different amenities – which are important factors for many condo buyers.

This becomes even more apparent for Fort Lauderdale luxury condos for sale which are priced at $1 Million and above.

Overall our luxury market is very strong and with a number of amazing new construction projects underway and/or coming on line I am sure that Fort Lauderdale will continue to attract many more buyers seeking a place here in the sun!

I hope you have enjoyed my post on Fort Lauderdale luxury condos for Sale 

Kevin Wirth Realtor – 954-459-0337