Friday, April 29, 2016

Ready to Buy in Downtown Fort Lauderdale? Comparing Condo Buildings

Downtown Fort Lauderdale has really grown up in the past 15 years or so. It's become a full time city, not just for the 9 to 5 crowd. People are out walking their dogs in the morning along the river, having business lunches at mid-day, enjoying libations and excellent dining on Las Olas at night, and spending time with family and friends at special events on the weekends.

There has been a lot of condo buildings going up during this time and they've gone through some good times, and some bad times. Now it seems that for the most part, they are thriving with relatively low vacancy rates, stable prices, strong finances, and new residents. I wanted to look at all of the larger condo buildings downtown and get an idea of which ones have more vacancies and sales than others, and what is currently on the market and at what prices. Here is what I found out.

I'm looking at the largest 12 buildings downtown. Some buildings are definitely stronger than others when looking at vacancy rates and sales. Compare the Waverly's vacancy rate of only 5.5% with 13.6% for Strada. There doesn't seem to be any patterns based on price, location, etc. I've listed them here in order of vacancy rate (including units for sale and for rent) as I think this is a good overall indication of building strength.

Enjoy! If you are interested in buying or selling a condominium in Ft. Lauderdale, call me, Adam Ehlmann of Related ISG International Realty at 954-980-7120 or email me at adamehlmann@gmail.com for more information or to meet with me to discuss your options.


Waverly


110 N Federal Highway



304 Total Units
10 Units currently for sale
Priced $239,000 - $435,000
15 Units sold in the past 6 months
7 Units currently for rent
17 Units total for sale and rent or 5.5% Vacancy Rate
Click on this link to see all units currently for sale at the Waverly

Please contact Adam Ehlmann of Related ISG International Realty at 954-980-7120 or adamehlmann@gmail.com for more information or to see condo units for sale.





Las Olas Grand


411 North New River Drive East



212 Total Units
12 Units currently for sale
Priced $785,000 - $1,595,000
10 Units sold in the past 6 months
2 Units currently for rent
14 Units total for sale and rent or 6.6% Vacancy Rate
Click on this link to see all units currently for sale at Las Olas Grand

Please contact Adam Ehlmann of Related ISG International Realty at 954-980-7120 or adamehlmann@gmail.com for more information or to see condo units for sale.




Las Olas by the River


520 SE 5th Ave



240 Total Units
10 Units currently for sale
Priced $225,000 - $350,000
11 Units sold in the past 6 months
6 Units currently for rent
16 Units total for sale and rent or 6.6% Vacancy Rate
Click on this link to see all units currently for sale at Las Olas by the River

Please contact Adam Ehlmann of Related ISG International Realty at 954-980-7120 or adamehlmann@gmail.com for more information or to see condo units for sale.




Watergarden


347 North New River Drive East



315 Total Units
15 Units currently for sale
Priced $324,900 - $639,000
9 Unit sold in the past 6 months
8 Units currently for rent
23 Units total for sale and rent or 7.3% Vacancy Rate
Click on this link to see all units currently for sale at The Watergarden

Please contact Adam Ehlmann of Related ISG International Realty at 954-980-7120 or adamehlmann@gmail.com for more information or to see condo units for sale.





Venezia


111 SE 8th Ave



49 Total Units
4 Units currently for sale
Priced $545,900 - $1,995,000
1 Unit sold in the past 6 months
0 Units currently for rent
4 Units total for sale and rent or 8.1% Vacancy Rate
Click on this link to see all units currently for sale at Venezia

Please contact Adam Ehlmann of Related ISG International Realty at 954-980-7120 or adamehlmann@gmail.com for more information or to see condo units for sale.




Esplanade


401 SW 4th Ave



139 Total Units
8 Units currently for sale
Priced $314,309 - $489,000
15 Units sold in the past 6 months
4 Units currently for rent
12 Units total for sale and rent or 8.6% Vacancy Rate
Click on this link to see all units currently for sale at Esplanade

Please contact Adam Ehlmann of Related ISG International Realty at 954-980-7120 or adamehlmann@gmail.com for more information or to see condo units for sale.




Symphony


600 and 610 W Las Olas Blvd.



338 Total Units
18 Units currently for sale
Priced $299,500 - $699,000
14 Units sold in the past 6 months
12 Units currently for rent
30 Units total for sale and rent or 8.8% Vacancy Rate
Click on this link to see all units currently for sale at Symphony

Please contact Adam Ehlmann of Related ISG International Realty at 954-980-7120 or adamehlmann@gmail.com for more information or to see condo units for sale.




Nu River Landing


511 SE 5th Ave



409 Total Units
24 Units currently for sale
Priced $249,900 - $599,000
15 Units sold in the past 6 months
15 Units currently for rent
39 Units total for sale and rent or 9.5% Vacancy Rate
Click on this link to see all units currently for sale at Nu River Landing

Please contact Adam Ehlmann of Related ISG International Realty at 954-980-7120 or adamehlmann@gmail.com for more information or to see condo units for sale.




Nola Lofts


313 NE 2nd St.



52 Total Units
4 Units currently for sale
Priced $369,999 - $699,000
4 Units sold in the past 6 months
2 Units currently for rent
6 Units total for sale and rent or 11.5% Vacancy Rate
Click on this link to see all units currently for sale at Nola Lofts

Please contact Adam Ehlmann of Related ISG International Realty at 954-980-7120 or adamehlmann@gmail.com for more information or to see condo units for sale.




350 Las Olas Place


350 SE 2nd St



163 Total Units
12 Units currently for sale
Priced $309,000 - $1,650,000
5 Units sold in the past 6 months
8 Units currently for rent
20 Units total for sale and rent or 12.2% Vacancy Rate
Click on this link to see all units currently for sale at 350 Las Olas Place

Please contact Adam Ehlmann of Related ISG International Realty at 954-980-7120 or adamehlmann@gmail.com for more information or to see condo units for sale.





Las Olas Riverhouse


333 Las Olas Way



284 Total Units
33 Units currently for sale
Priced $369,000 - $13,995,000
5 Units sold in the past 6 months
5 Units currently for rent
38 Units total for sale and rent or 13.3% Vacancy Rate
Click on this link to see all units currently for sale at Las Olas Riverhouse

Please contact Adam Ehlmann of Related ISG International Realty at 954-980-7120 or adamehlmann@gmail.com for more information or to see condo units for sale.




Strada


315 NE 3rd Ave.



117 Total Units
12 Units currently for sale
Priced $272,900 - $485,000
12 Units sold in the past 6 months
4 Units currently for rent
16 Units total for sale and rent or 13.6% Vacancy Rate
Click on this link to see all units currently for sale at Strada

Please contact Adam Ehlmann of Related ISG International Realty at 954-980-7120 or adamehlmann@gmail.com for more information or to see condo units for sale.

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