To reach the upper price scales of Fort Lauderdale\u2019s home listings, a few things are a must: water on at least two sides (a peninsula even better) and the ability to dock a yacht of significant length alongside the home.<\/p>\n
Ideally, the house should be newly built (or renovated), with space tailored for hosting large events and waterfront soir\u00e9es. Private pickleball courts, a car collector\u2019s garage, even a two-story flat screen visible to boaters passing by \u2014 all nice touches that can push the asking price higher.<\/p>\n
These are the defining features of Fort Lauderdale\u2019s latest crop of ultra-luxury homes, where top listings hover as high as $49 million. A new contender at $65 million is coming in November, said Chad Carroll, a broker with Compass known for luxury listings in Miami and Palm Beach, who is currently marketing two of Fort Lauderdale\u2019s priciest homes, at $39 million each.<\/p>\n
With eight bars, two pools, two hot tubs and a rooftop party terrace, you can go on vacation every day without leaving home at 600 Isle of Palms Drive. Daniel Petroni \/ The Chad Carroll Group<\/p>\n
One is 600 Isle of Palms Drive<\/a>. It\u2019s a 15,000-square-foot \u201cresort-style home\u201d with eight ensuite bedrooms, including two primary suites (one finished in rare Fijian stone). But this isn\u2019t just a house for sleeping in \u2014 it\u2019s a party palace with vast entertaining areas including eight bars, a wine cellar and a rooftop terrace. The property also includes two pools, two hot tubs, an outdoor amphitheater and 300 feet of waterfront. \u201cIt\u2019s built for pure entertainment,\u201d said Carroll.<\/p>\n Seconds away by boat, or 10 minutes by car is 1400 West Lake Drive<\/a>, which share its neighbor\u2019s price tag. Currently under construction, it\u2019s shaping into a 10,400-square-foot, three-story residence, on 250 feet of waterfront that can hold multiple boats. Expected to be completed in March, it will include seven bedrooms, a wellness center, a game room, and a three-car garage with lifts. Outdoors, the grounds include multiple pools, hot and cold plunges, plus waterfalls and fire features.<\/p>\n \u201cPrice points have increased substantially over the last two years,\u201d Carroll said. \u201cThe wealth migration has been enormous. People are physically relocating their families and moving here, so they want something comparable to what they\u2019re accustomed to in California, New York and Connecticut.\u201d<\/p>\n The median sale price of a Fort Lauderdale luxury home (defined as the top 10% by price) jumped 20% year-over-year in the third quarter to $3.65 million, according to Miller Samuel and Douglas Elliman Real Estate. And ultra-luxury supply is finally catching up: Nineteen single-family homes priced at $10 million or higher hit the Broward County market in September \u2014 compared with none a year before.<\/p>\n The record for Fort Lauderdale\u2019s most expensive home sale was set just last year, when financier Donald Sussman sold his waterfront estate at 5 Harborage Isle for $70 million. Nothing currently listed rivals that figure, but Carroll says demand for ultra-luxury properties remains strong, driven by high-net-worth buyers who view Fort Lauderdale as a relative bargain compared to Palm Beach or Miami Beach (where the median price of luxury homes is $17.2 million and $21.5 million respectively).<\/p>\n On a private point and asking just shy of $50 million, 516 Mola Ave. is the most expensive property for sale in Fort Lauderdale. Daniel Petroni Photography<\/p>\n The six-bedroom home has waterfront on three sides. Daniel Petroni Photography<\/p>\n