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South Florida Real Estate News & Market Trends
You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!
Shhh…Our Best Kept Secret:Lighthouse Point
“ It is the best-kept secret in South Florida” for the well to do, savvy, well-traveled, unpretentious residents who proudly yet quietly say! This is Lighthouse Point, the small conclave tucked in like a treasured pearl at the Hillsboro Inlet. By smart design in the 1960s, Florida’s premier Venetian canal network was built alongside neighbor Pompano Beach, with culturally rich Fort Lauderdale and Boca Raton to the south and north respectively.
So over the last half-century, it is has blossomed like no other place in the world: beautiful homes across the maze of canals, a select hundred plus estate mansions on the Intracoastal, allowing the boating, fishing and view loving residents to blitz their way to the inlet and the nearby Atlantic Gulfstream. Then add Lighthouse Point Marina with its provisioning role for all and its coveted restaurants that most arrive at by boat. Cap’s Place which was Al Capone’s secret rum-running hideout in Prohibition and then a clandestine meeting place for President Roosevelt and Winston Churchill with their submarines just past the Point’s Lighthouse. Then there is our next favorite, the dog and boat friendly Nauti-Dog.
As long time family members living here on the water and with our Sotheby’s perspective, we are pleased to share another wonderful piece about LHP. The updated ranches, the architect designed coastal contemporary or modern homes, with yachts and a spectrum of boats docked footsteps away, also bring value! Most of the waterfront homes are a $$ million-plus to buy (up to $5m to $10m on the Intracoastal), yet they are often 25 to 35% less than Fort Lauderdale, Boca Raton or Delray Beach.
Lighthouse Point residents really care for their little world: they have a very savvy and well-equipped police force that protects its few gateways in, by cruisers on and off the water. There are a handful of restaurants and stores, a quality Publix. And of course, there is the Lighthouse Point Yacht Club (my family has been members since 1971 😎) that is now coming into a new renaissance! And there are churches in the town and private and catholic schools as well.
At One Sotheby’s, our savvy team leads the way in Lighthouse Point, bringing insight and value to the sale of these gems, respecting its magical nature while quietly showcasing them to waterfront and boating aficionados coming to South Florida looking their special piece of paradise on the water!
Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!
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You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.
We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.
About Ocean Ridge (between Gulf Stream and Manalapan): People are discovering this gem that is home to the Boynton inlet to the ocean. But it also has a lovely little town and beautiful oceanfront and waterfront homes.
5 Star Insight: Ocean Ridge has found a value niche with people building waterfront homes and updating older ranches etc. (some under $2.5m). The key: you can have the popular Delray lifestyle at a fraction of the cost in Ocean Ridge...with a ten minute Uber ride to Atlantic Avenue! Smart, very smart.