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Fort Lauderdale is known as the "Venice of America" due to its expansive and intricate canal system, and over recent years, it has been widely regarded as the new "hot spot" in South Florida. The city is a popular tourist destination and major yachting center. It is home to one of the world's largest boat shows and offers 23 miles of white-sand beaches. However, the new Fort Lauderdale has become much more than just a tourism and yachting hub. It boasts a thriving business economy, which has attracted a younger, more diverse demographic.
As prices continue to increase in Miami, buyers continue to flock to Ft Lauderdale. The average new condo price per square foot in Miami is nearly double the average in Fort Lauderdale, and many of the new developments in Fort Lauderdale match or exceed the unparalleled level of luxury once only present in the Miami real estate market. Luxury Fort Lauderdale waterfront real estate can be purchased for less than comparable properties in Miami. In fact, in 2017, Fort Lauderdale jumped 29 spots to become the sixth-top city for real estate investment in the United States in PwC US and Urban Land Institute’s Emerging Trends in Real Estate report. The city's pristine beaches, 300 miles of inland waterways and an expanded international airport are even further attraction to the popular city.
The downtown area, especially around Las Olas Boulevard, has seen dramatic growth and now hosts many new hotels and high-rise condominium developments. There are currently 3,000 residential units in the downtown area, with more than double that either under construction or proposed. Las Olas Boulevard is now vibrant and teeming with locals.
In addition to its museums, beaches, and nightlife, Fort Lauderdale offers the finest in both dining and shopping. The Las Olas Riverfront has numerous individually owned boutiques, restaurants and entertainment, including quaint sidewalk cafes. Other attractions include the Broward Center for the Performing Arts and the Museum of Discovery and Science. Hugh Taylor Birch State Park is a 180-acre park in the city perfect for picnicking, camping, canoeing and swimming.
Fort Lauderdale luxury real estate is located midway between Miami and Palm Beach. It is only minutes from the recently expanded Fort Lauderdale-Hollywood International Airport.
For the most comprehensive information on luxury Fort Lauderdale waterfront real estate for sale, contact award-winning broker Niki Higgins at +1-954-817-2500 or +1-888-242-4422.
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