Oceanfront condos along the coast of South Florida in Miami Beach and Ft. Lauderdale have and always be in strong demand. Resales can be the Deal. Today, the availability basically falls into 3 categories: Pre-Construction, built around 2005 during the last construction boom, or older prior to 2000. Generally speaking the newer the more expensive and you do get what you pay for. However, if your requirement demands oceanfront views and your objective is to obtain the most square footage for your money, looking at all three options would be worth your while.
Depending on location pre-construction prices can easily run between $1800-$3000 per sq ft. However, certain key buildings built around 2005 offer condos for sale that in contrast are a bargain. For example, closed sales at the Bath Club in Miami Beach in the past 6 months range from $652 sq.ft. to $1547 sq.ft. These are finished units, move in ready. The higher price end offers direct ocean views and the lower end does not. The Mei, another lovely building in Miami Beach on the ocean has reflected closed sales around $730 sq.ft. The Blue and Green Diamond, skyline icons, have recorded closed prices between $735 and$1085 sq.ft.
Many of the older buildings have renovated common areas and host many upgraded condos For Example Seacoast Towers, built in 1966, in Miami Beach is a lovely older building on Millionaires Row and has closed sale prices between $425-$580 square foot.
In Ft. Lauderdale, Las Olas Beach Club built in 2007 is situated in the heart of Fort Lauderdale Beach. Closed sale prices are between $430-$804 sq.ft.
The pre-construction options offer many ultra luxury choices in prime location both in Miami Beach and Ft. Lauderdale on the beach and across the street on the intracoastal. The point is there are choices for a variety of budgets, and taking a look at a condo built around 2005 or older will offer you lower prices per square foot and may just be the right fit for your budget and oceanfront requirements.