Auction June 30 2016 Las Olas Isles
This may only be an opportunity for the super rich, but it’s still an opportunity! On June 30th, 2016 a Luxury Riviera Isles of the Las Olas Isles Point Lot Home will go up for auction. This incredible estate has nearly 12,000 sq.ft of Air Conditioned Living Area and a total of 13,429 sq.ft with porches, terraces and balconies!
Las Olas Auction Luxury Home Details
The waterfront home has 6 Bedrooms, 7 Full Bathrooms and 2 Half Bathrooms. The home is located on a point lot with 300 ft of waterfront. This home can accommodate 2 vessels. One up to 120′ and the other up to 140′. There is an over-sized 32’x14′ swimming pool over looking the intracoastal waterway. Of course this home is located in an area with no fixed bridges and quick ocean access.
Fort Lauderdale Point Lots
Point Lots are usually the most desired form of Intracoastal waterfront real estate. Two edges of the property are waterfront, they are more private and have more open views with the safety of canal boat parking with less wake. There are inerior point Lots and Exterior. The Exterior are far more desired, simply because of the spectacular views out into the Intracoastal.
Point Lot Pricing
In the past 2 years roughly 4 point lot homes sold in the area that is comparable. This is not a lot, but given the general price and the limited availability, it is enough to go on. The List pricing on these lots were from $5.5m to $32m and the Sq.Ft ranged from 3,800 to 17,000. They actual sales price on these homes were from $5m to $27.5m.
The closest comparable is a home that recently sold on the neighboring isle. The home was almost exactly the same size the identical point lot one isle down. It sold in 2014 for $12.5 million.