Lowest Priced Home for Sale – Fort Lauderdale Fl – Las Olas and the Beach
Lowest Priced Home for Sale Fort Lauderdale Fl – Las Olas & the Beach
I had two telephone calls this week from prospective buyers who want to live in Las Olas or Fort Lauderdale Beach. As a Las Olas resident who lives less than two miles from Fort Lauderdale Beach I applaud their choices. Las Olas & the Beach are without any doubt two of the most desirable areas of Fort Lauderdale if not South Florida.
I was surprised to find out from both prosepctive buyers that they thought they could buy a 2,000 square foot home in these areas in the price range of $100,000 to $200,000. These are prices that would have been feasible twenty years ago, but are no where near today’s market value.
The lowest priced livable & financeable home in Las Olas $459,000.
This is a three bedroom, 2 bath home located within walking distance of all the Las Olas attractions. Square footage is 1527.
The lowest priced livable & financeable home in Fort Lauderdale Beach area is $495,000.
This is a 2 bedroom, 2 bath home with a garage. Square footage is 1322.
Have home prices dropped since the boom years of 2004 & 2005? Of course they have. However, East Fort Lauderdale stills remains a very desirable location for local residents and second home buyers from all over the world.
The bottom line is -
Paradise is not cheap – but it is worth every penny.
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