Skip to toolbar

October 28, 2020

3209 NE 42nd Court, Fort Lauderdale – Bermuda Riveria

Bermuda Riviera

3209 NE 42nd Ct. Front view of this remodeled Bermuda Riviera Home

3209 NE 42nd Court,  Fort Lauderdale FL in the Bermuda Rivera neighborhood of Fort Lauderdale, is a Fort Lauderdale Home for sale on a lot of almost 11,000 square feet. It is completely updated with a contemporary flare and still keeps the feel of a Florida beach residence. Siting just a short distance to beautiful Fort Lauderdale Beach.

Located east of the Intracoastal, you will enter the prestigious  community of Bermuda Riviera by the gate house located on 40th Street and A1A.  Heading north on the first street through the beautiful Bermuda Rivera community with sprawling trees, you will head west on North East 42nd Ct to the property, 3209 NE 42nd Court, on the north side of the street. The neighborhood is just across the street from the beach from condominiums of the Galt Ocean Mile.

With beautifully updated landscaping and clean pool deck the exterior of the home is ready for entertaining. The house has all new impact windows. A complete renovation will allow the new owners to fell like they are moving into a new home. Finished with a contemporary designer flare using porcelain, marble, granite, and glass tiles throughout. The selection of beautiful vessel sinks and the addition of a two sided fireplace from the kitchen to the living area truly make this a Florida home worth seeing as you explore todays Florida Real Estate market.Bermuda Riviera – Fort Lauderdale Luxury Home for Sale

 If you are interested in a Bermuda Riviera, and living east of the intercostal in be growing Fort Lauderdale now is a great time to call the listing agent, Fort Lauderdale Realtors at Eric Miller and Associates so you can be one of the first to see the great property. The property is receiving the final touches of this complete renovation and will be available for viewing shortly.

Fort Laudedale Condominiums for Sale – Auberge

Rendering of the future Auberge Fort Lauderdale

Rendering of the future Auberge Fort Lauderdale

Auberge Fort Lauderdale !, the long awaited announcement for the future of the most desirable buildable property  along Fort Lauderdale Beach has been made and by all accounts its has been worth waiting for.  With preconstruction prices at Auberge Fort Lauderdale from at $1.5 to over $9 million, the total of 171 Fort Lauderdale Condominiums that will rise on these four square blocks are destined to become the premiere residences of Fort Lauderdale Beach.

The north tower of this most recent addition to the market of Fort Lauderdale Condominiums just went on sale. Consisting of 17 stories and just 56 units, this tower of the building will house some of he most desirable oceanfront condominiums in Fort Lauderdale. The entire condominium will sit on 450 feet of spectacular Fort Lauderdale beach front.  Condominiums at Auberge range from 1700 sq. feet of over 5000 sq. feet and all have expansive outdoor living spaces ranging from 900 sq. feet to over 4000 sq. feet.  If you have been waiting for the real estate market to come alive in Fort Lauderdale the wait is over as numerous new Fort Lauderdale Condominiums are coming to market. Auberg, with the architecture of Nichols Brosch Wurst Wolfe and Associates is destined to be the new trophy of Fort Lauderdale beach.

The team at Eric Miller and Associates, Keller Williams Realty Professionals, are award winning independent agents and can represent you throughout the buying process at Auberge Fort Lauderdale and all your local real estate needs. Eric Miller can be reached directly at (954) 383-8170 or via email at Eric@FortLaudealeGroup.com

 

Fort Lauderdale Rental Property Owners Beware

Fort Lauderdale Real Estate is a market that has seen the worst over the last five years since its peak in approximately 2006. Notice I say “approximately 2006” as even this, the time frame at which the Fort Lauderdale Real Estate market peaked, remains not a fact and often a subject of debate. Everyone appears to claim to have a crystal ball about the Fort Lauderdale Real Estate market and as far as this Fort Lauderdale Realtor sees it, every one of the crystal ball owners would have sold their property sometime years back, been living in a rental, and purchased a home sometime about a year ago. The reality is that anyone who did was much luckier than they were skillful at timing the real estate market.

The best methods of timing the real estate market is what I refer to as, momentum plays. Simply, this means you have waited for the bottom, missed it, and are investing in the market as it goes up. Likewise, if you see a peak coming you are prepared to react and sell accordingly even though you know as we discussed prior your crystal ball will never select the absolute peak of any market. As with any market the best thing to react to is information. For the owners of Fort   Lauderdale rental properties the information is out that could be generating concern about valuations.

Concern about the value of Fort Lauderdale rental properties comes from a simple fact the true value of an investment is a product of the cash flow it generates. Once we accept this fact it is easy to see that the massive numbers of people who lost homes to foreclosures or short sale over the last few years generated a massive amount of renters, and therefore rents increased throughout Fort Lauderdale and BrowardCounty. This was good news for owners such as myself who held on to a severely upside down property.

Extremely low interest rates called for investors to seek higher returns anywhere they could. The quantity of investors clamoring for the returns that they could get on rental properties drove up the price of these properties. The higher the price, the lower percentage returns. Today rental property prices are very high and unless your rental property is totally unique for some reason, many owners may start thinking of heading for the door, as the supply equation is about to shift.

Armed with facts it is easy to see why rental prices could start falling especially for smaller individually owned properties. First, the cranes are everywhere from State Road 84 to Sunrise Blvd, there are thousands of rentals being built and more to come. Supply and demand is a long proven science. As the supply increases rentals prices will falter. Large rental owners are being very aggressive about ease of entry. No longer asking for first, last and security, tenants with responsible credit can often move in for less than $500. All these events plus the addition of the return of mortgage credit for the people who became renters just two years ago does not bode well for  Fort Lauderdale rental property owners.

If you have a great tenant today, treat them well.  Keep them happy and in place, and this may be the time to not consider rent increases on new leases.

Fort Lauderdale Real Estate Sees New Tower Proposal

Nothing can mark the start of a new Ft Lauderdale Real Estate cycyle for a community better that an application for a great project being placed infront of the city by a great local developer. It shows confidence in Fort Lauderdale Real Estate. A well known South Florida residential developer, Jorge Perez of the Related Group, has proposed a 26-story rental tower on the south bank of the New River.

The south side of the river, which is the area between downtown and the airport has always been less developed but often appeared in a holding pattern that was about to change. La Preserve a community of Glenn Wright Homes, is a south side community that got caught in the market downtown and is now very much alive. An investor has finished the remaining luxury homes, and rented them out, showing convidence in a Fort Lauderdale Real Estate turnaround. The goal now is for a Related Group subsidiary to add a 256 luxury rental building called the New River Yacht Club to the south side of the Fort Lauderdale Real Estate market at a site just west of Andrews Avenue.

Some buyers of Fort Lauderdale Condos are surprised to hear that there is very little inventory available in the Ft Lauderdale Market. Lack of new construction and high demand for rental units have kept the beach and downtown areas of Ft Lauderdale Condo market a prime target for investors. Low inventory and stablizing prices in Ft Lauderdale Real Estate often appear to be the story that the media forgot to report. Recently we spoke to a buyer who told us that “the Fountains and Sapphire on the beach had both closed their sales offices because nobody was buying”. She was right, both sales offices are now closed, but she was wrong about why, the last two buildings in the Fort Lauderdale Central Beach area are sold out.

It is great to see projects in the planning stage again, it is great to see some in fill projects that have been stalled starting to be worked on again, and it is very clear that lower inventory, stabilized prices and strong demand will allow the Fort Lauderdale Real Estate market to work through any inventory that the banks continue to work through their “system”.

News in Fort Lauderdale Real Estate

La Preserve

Fort Lauderdale Real Estate has some big news on the horizon as we approach the next cycle of stablization of the the Fort Lauderdale Real Estate Market. Tightening inventory in Ft Lauderdale Real Estate is leading to prices that are starting to hold. Steady prices give builders visability to what they can afford to pay for land and building costs and still make a profit, while selling at totadys discounted prices. With the visability, come plans for Ft Lauderdale new construction, and activity on projects that long been sitting idle. Short on details we will not go into full disclosurer mode at this point, but lets just leave it as this homeowner, and local realtor is happy hear that one of the largest pieces of developable single family homes East of 95 in Broward County now has plans swirling around. A well respected builder is currently working on plans for approxiamtely 36 new construction homes East of 95 in Ft Lauderdale. In Fort Lauderdale Real Estate today this will be Browards only brand new planned community east of 95. If you have been thinking about purchasing Fort Lauderdale Real Estate but a new home such as the ones built at La Preserve is on your wish list now is the time to contact Eric Miller, execute a buyers representation agreement and be the first to here about these new single family homes to be build in Fort Lauderdale. Curious about details and want to be the first to hear Contact Eric Miller today and lets meet personally to discuss this great potential opportunity in Fort Lauderdale Real Estate.