South Florida has always been a desired destination for a second or third home. With the newest tax laws, our state has become even more attractive, specially for buyers from high tax states. We receive many calls from buyers who are looking into South Florida, but they are not quite sure on whether they would like to be in Ft. Lauderdale or in Miami. We will start comparing these two areas in a variety of blogs so you can become familiar with both and be able to make an easier decision.
This first blog focusses on what the main neighborhoods in Ft. Lauderdale and Miami have to offer and what price ranges you can expect
You can also pick up the phone and call Elaine Tatum 305.793.0540 or David Siddons 305.508.0899
Las Olas Isles (Ft Lauderdale)
Lauderdale’s iconic Las Olas Isles were dredged from the swampy wetlands in the early 1920’s. The Isles including Seven Isles, Idlewyld and Riviera Isles extend out from Las Olas Blvd like finger islands providing some of the most sought after waterfront real estate in S. Florida. Boating enthusiasts enjoy quick access to the ocean inlet and Intracoastal waterway. The Las Olas Isles offer a distinctive waterfront lifestyle and are close to all of the restaurants and businesses along famed Las Olas Blvd. Homes along the isles quickly escalate in price the closer you get to the point with point lots as the prize. Let us give you a tour of the area to find the Isle that is perfect for the type of boating that interests you. No two Isles are alike.
Price range of Homes Sold in 2018:
- Waterfront: $885,000 – $6,700,000
- Average Waterfront: $2,300,000
- Non-waterfront: $1,000,000 – $1,100,000
- Average Non-waterfront $1,050,000
Price range of Townhomes Sold in 2018:
- Waterfront: $700,000 – $1,560,000
- Average Waterfront: 1,211,000
- Non Waterfront: N/A
Coral Gables (Miami)
Coral Gables is one of Miami’s most sought after residential areas. The Gables is a very extensive neighborhood and homes vary from smaller Spanish Colonial homes to multimillion-dollar oceanfront mansions in gated communities. For that reason, home prices range considerably depending on the community you are located in. We often divide the area into Coral Gables west of US1 and Coral Gables east of US1. Desired areas west of US1 are the areas around the Biltmore Golf course and around the Coral Gables Waterways. On the east side of the US1 is where we find Coral Gables’ most prominent gated communities such as Gables Estates, Cocoplum, and Hammock Oaks. Many of these gated communities are waterfront and very desired with families. Both areas west and east of the US1 offer waterfront homes. The Eastern part is closer to the bay or the open water and therefore very exclusive and sought-after. The waterfront properties west of the US1 are further from the open water and therefore less in demand with boaters than the properties with direct access to the open bay.
The Gables’ attraction to (younger) families is mainly due to the strong school district and the safety in the area. Another great point of attraction are the many golf courses like the Riviera Country Club, The Biltmore Golf Course, Granada Golf Club, and the Coral Gables Country Club.
Price range of Homes Sold in 2018: (West of US1)
- Waterfront: $1.73M – $4.1M
- Average waterfront $3.15M
- Non-waterfront: $400,000 – $3,700,000
- Average non-waterfront $1M
Price range of Homes Sold in 2018: (East of US1)
- Waterfront: $900,000 – $19M
- Average waterfront $4.3M
- Non-waterfront: $500,000 – $7,340,000
- Average non-waterfront $1.5M
Read the entire blog entry here
David Siddons | Siddons.email@example.com | +1.305.508.0899