Like other areas of Florida, Lighthouse Point is in a strong seller’s market, say local Realtors.
“Florida real estate is booming! The average single family home is appreciating approximately 18 percent per year,” says Realtor Maria Galligan. “Broward County is almost totally built out with almost no more vacant land for builders to develop. The trend is moving east and old homes are being either torn down or majorly renovated. Developers are very active in high-rise condos and townhouses. The feeling is that this trend is going to continue for quite some time and the costs will keep rising. Investors are buying pre-construction and making a tidy profit at time of completion when they re-sell.”
“The real estate market in Lighthouse Point and the surrounding area has been “red hot” for the past six months,” say Realtors Marilyn Wechsler and Allen Rosenthal. “The result is a decrease in available inventory. Whether you are interested in buying or selling, now may be the best time to call for assistance with your plans. It’s anybody’s guess how long the cost of borrowing will remain affordable or low.” Suggests Realtor Karen Dove, “The intercostal and Hillsboro Mile and the inlet are to the east, Deerfield Beach and The Cove are to the north, and Pompano Beach and Fort Lauderdale to the south. Wonderful waterways wind through this boating community, many new high-end homes offer easy access to the sea for large deepwater yachts; upscale dry lot homes enjoy the lifestyle and breezes off the ocean.
“Safe and clean, and minutes to all the amenities you could want or need, Lighthouse Point is a most unique upscale community,” says Dove. “There’s condos sitting on the intercostal and the Hillsboro inlet where the Lighthouse points the to the sea. The nearby communities of Las Olas, Fort Lauderdale, Boca Raton and Delray make for easy access to fine dining, the very best of shopping and the arts. The ease of ocean cruising from this town brings new boaters and residents here in droves.
Dove advises, “For the serious boater, there are a wide choice of priced properties, the land-lubber dry lot homes run considerably less but still afford you this area’s lifestyle. Florida draws folks from all over the world, the international mix of the cultures can be found in the diversified dining and architecture found from years past and now reflected in homes and communities being built. There are abundant choices of both new and custom construction in LHPT. Feel free to come, play and live in one of the most desirable areas in South Florida.”