Fort Lauderdale is located 25 miles north from Miami Beach. It’s on the same Atlantic Ocean, but less hectic, and more affordable. This is where most of South Florida’s condo construction has been relocated.
Fort Lauderdale was once most well-known for its location in the 1960 film, “Where the Boys Are”. This movie helped establish Fort Lauderdale as a spring-time tourist destination for thousands of college students. The city has since transformed into one of South Florida’s most glamorous beaches. The city is no longer attracting rowdy party-goers. Instead, it attracts wealthy condo buyers who are purchasing luxury Fort Lauderdale condos for half the price of Miami Beach.
The Fort Lauderdale Strip’s northern end is where Howard Johnson’s used to be. It was a popular resort for spring break from 1958 through 2005, when it was demolished and left vacant for many years. The hotel is a fond memory of the aging baby boomers. It was demolished to make way for Paramount, the first condo development on the Strip’s oceanfront in more than ten years. Six other buildings in the area have gone into sales since then. The oceanfront is now lined with luxury boutiques, restaurants, bars and luxury hotels. Visitors are no longer Ohio State frat boys. They are more likely to be wealthy families and young retirees, from the United States, Canada, and Europe.
Many of Miami’s condo developments are having difficulty finding buyers. Fort Lauderdale’s developments, however, are selling out at Paramount and Gale. Auberge sold about 80%. Four Seasons, an ultra-luxury condo development, has already sold 40% of its units. Paramount, Four Seasons, and Auberge all face the Atlantic. Gale is just a few blocks away. Prices for studios ranged from $400,000 to $10 million at Gale, while the Paramount penthouse was more expensive at $10 million. This is a bargain compared to Mansions of Aqualina in Miami Beach, which was $38,000,000.
A half-dozen new Pompano Beach condo developments have been launched or are in the works, including Aqua One, Pure, and Arya. This is just a few miles north of Fort Lauderdale where ocean land can be even more affordable and more accessible. Pompano is preparing for an influx with a new beach. It’s a three-mile stretch of wide beaches, picnic shelters and playgrounds that will attract new residents. A state-of the-art fishing pier is under construction, as well as a 40,000-square foot beach complex with restaurants and shops.
This post was written by Dayana Susterman Dotoli. Dayana is the head real estate agent for the Tiffany House In Ft. Lauderdale Beach. Dayana has assisted over 150 individuals with buying, selling, and leasing at Tiffany House. The Tiffany House Residences is a 12 story tower, offers 129 residences, including 1, 2 and 3-bedroom condominiums and townhomes, with exclusive, resort-style amenities and views of the Intracoastal Waterway and the Atlantic Ocean. Click Here for more information.