Jim Esposito
Intercoastal Realty
954-336-3776
Fort Lauderdale Real Estate Agent
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Fort Lauderdale "Hot Buttons"
Our Hot Buttons are the easiest way to stay on top of the South Florida real estate market. These are most recent Listings just added to the MLS, dropping off after 10 days. Click the button for the type of single family home for which you search. Check back often.
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Downtown Fort Lauderdale
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Now the Fort Lauderdale Real Estate Market is back on track builders and developers are breaking ground on a wide range of commercial and residential projects. We'll try to supply a link here to some of these new construction homes on our New Construction page.
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Foreclosures & Distressed Property
The Great Foreclosure Crisis has long since passed. Still, due to the dynamic nature of the South Florida real estate market we will continue to see a steady stream of foreclosures. There will simply be a lot less of them. Quality properties that do appear on the MLS will be snapped up rather quickly.
You'll find our "Hot Buttons" below to be an invaluable resource. These are the most recent Listings for Distressed Property (either REO or Shorts) to appear on the MLS.
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Best Price Boca Raton, Florida Home For Sale
Spacious 4 Bed / 2 Bath, 2,449 Sq. Ft.
Remodeled, Impact Windows & Doors
Large Lot, Just Under 10,000 Sq. Ft.
Great Family Home, A Rated Schools
Spacious 4 Bedroom / 2 Bath Home in highly sought West Boca neighborhood of Palmetto Pines, meticulously maintained, same owner for 37 years. A great place to raise a family, A-rated schools. 2,449 sq ft., 1,725 under air. Totally remodeled. Porcelain floor tiles. Crown Molding. Impact windows throughout, including sliders. Granite countertops in kitchen with new wood cabinets. Pass-Through Window to screened-in Outdoor Patio. Dining Room. Split plan featuring stunning Master Suite with Bath and Walk-in Closet, Plantation Shutters. 2 Car Garage. Over-sized lot, just under 10,000 sq. ft. Lush tropical landscaping. Backyard privacy hedges. Sprinkler system with Timer. Exterior Paint and Windows Lifetime Warranty transfers to new Owner. HOA only $100 per Quarter with no application.
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Ft Lauderdale Real Estate News 9/22/2022
$80,000 a Year in Income
One Time Investment of $127,000
How Is That Even Possible?
Can you really make a net profit of $80,000 a year on a one time investment of $127,000? Well, add it up yourself. All the facts and figures are outlined below. There are some variables involved. We talk about them as well.
Many people are not familiar with the ins and outs of...
Ft Lauderdale Real Estate News 6/3/2022
Fort Lauderdale Homes Up A Whopping 36%
Florida Realtors 2021 Year-End Statistics
The Average Sales Price for a Single Family Home in Fort Lauderdale rose a staggering 36.2% in 2021. In addition, the Median discount from Listing Price was Zero, meaning the vast majority of homes either sold for full asking or more than the Listed Price.
These startling figures are according to the latest year-end statistics released by the Florida Association of Realtors. Though seemingly incredible on face value these are accurate numbers. Statistics released by the Florida Realtors are generated by compiling sales reported through the MLS of local realtor associations across the state.
In 2020 the Average Sales Price for a Single Family Home in the city of Fort Lauderdale was $893,479; in 2021 it was $1,216,958.
The Median Sales Price, a more traditional indication of actual appreciation, for a Single Family Home in Fort Lauderdale increased 20%, from $500,000 in 2020 to $600,000 in 2021.
These figures are driven by the high demand for luxury waterfront properties from upscale buyers coming in from the Northeast and California.
Negotiation Is Futile
Stats regarding the discount from Listing to Sale Price are perhaps even more amazing. The "Median Percent of Original List Price Received" tracks the spread between asking and closing prices. With such an active Real Estate Market South Florida, and Fort Lauderdale in particular, are already known for being a tough place to negotiate. Historically, this Median Percent of Original List Price Received in Single Family Homes is around 95-96% of their asking, with Condominium and Townhome properties around 94-95%. In 2020, in Broward County, this number was...
Florida Real Estate
Why is buying property in Fort Lauderdale and South Florida such a good investment?
With a population growing rapidly
and no more land on which to build,
real estate values can only go up.
See a comprehensive analysis of the growth potential for home prices in Fort Lauderdale and Broward County
It's THE OCEAN!
As long as we've got the Atlantic Ocean and the Gulfstream,
palm trees swaying in gentle Trade Winds
off a tropical turquoise sea,
and heaters we use two weeks of the year
Primo Real Estate along the Coast
will always be in high demand
The Truth, The Whole Truth, A Couple Wise Cracks...
An Almost Complete, Un-Authorized & Incredibly Un-Official
History of Fort Lauderdale
by Jim Esposito
From Big Bang to Present Day
When considering the history of Fort Lauderdale and the state of Florida, two interesting facts pop out:
First, the entire state itself was essentially a foreclosure. Florida was ceded to the United States by Spain in 1819 in exchange for the forgiveness of a $5 million debt.
Secondly, Major William Lauderdale, after whom Fort Lauderdale was named, only spent about a month in the neighborhood.
People in Florida see things differently. Surprised this guy doesn't have a fishing pole, trolling.
The Wayback Machine
Once the Earth cooled and the dinosaurs died after that asteroid impact, the crater of which is now called the Gulf of Mexico, the southeastern region of the Floridian peninsula was originally inhabited by the Tequesta tribe of Native Americans, according to archaeological evidence dating back some 4,000 years.
A socio-politically complex society whose main village was located at the mouth of the Miami River along the shores of Biscayne Bay, Tequesta culture centered around dugout canoes, carved by honored craftsmen with crude tools fashioned from sea shells. Picking through ancient trash heaps archeologists found bones from a wide variety of wildlife and fish, including deep water species such as mako sharks, swordfish and right whales.
Think about the (shall we say) fortitude required to paddle a dugout canoe into the ocean to go after blue water sharks and 40-foot whales. It brings a whole new meaning to the term "Stone Age."
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