Value Waterfront in Fort Lauderdale
Ocean access waterfront homes with no fixed bridges in neighborhoods around downtown Fort Lauderdale cost millions of dollars. Tear-downs and fixer-uppers in Las Olas start in the $700s. One home which was on the market recently had such a bad mold problem anyone who went in to look at the property had to sign a health waiver, and it still sold for over $700,000. In Harbor Beach, even tear downs are over a million dollars.
That's why the Citrus Isles represent such great value. Just down the New River from central Fort Lauderdale you can find waterfront homes with no fixed bridges close to Downtown starting in the low $300,000 price range.
This neighborhood is on the way up. Just drive up and down these streets and you can tell. The last few years people have been buying the older homes, fixing them up.
With the local real estate market rebounding this trend will undoubtedly accelerate. I don't know if there is another neighborhood in Fort Lauderdale with more potential to appreciate.
So if you're looking for an ocean access waterfront home with no fixed bridges and you don't want to spend millions, you might check into the Citrus Isles. You can find listings for homes for sale in this neighborhood on my website at Fort Lauderdale Beach Property.
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