How Much Does A Waterfront Condo Cost? Comparing Miami to Ft. Lauderdale.

When I speak to people that are not familiar with South Florida I am often asked, “does it cost the same to purchase a condo on the water in Miami as it does in Ft. Lauderdale ?.”

The answer to that question is no. Generally speaking, buying an oceanfront condo in Miami will will cost more than purchasing in Ft. Lauderdale. When I say generally speaking, of course a newer building with a full array of amenities in Ft. Lauderdale will probably cost more then an older building with no amenities in Miami. But basically, comparing apples for apples, Miami is more expensive. Palm Beach County is still another totally different profile. I will address Palm Beach in an upcoming Blog.

I would like to clarify for my readers which oceanfront cities/subdivisions are in Miami Dade and which oceanfront cities are in Broward County (often referred to as Ft. Lauderdale).

Miami Dade County Includes The Following Cities/Subdivisions:

  • Coral Gables
  • Coconut Grove
  • Key Biscayne
  • South Beach
  • Miami Beach
  • North Bay Village
  • Normandy Isles
  • Surfside
  • Indian Creek
  • Bal Harbour
  • Sunny Isles Beach
  • Golden Shores
  • Aventura
  • Golden Beach

Broward County Includes the Following Cities/Subdivisions:

  • Hallandale
  • Hollywood
  • Dania Beach
  • Ft.Lauderdale Beach
  • Lauderdale-By-The Sea
  • Sea Ranch Lakes
  • Hillsboro Beach
  • Pompano Beach
  • Lighthouse Point

Each listed city has its own unique characteristics. Many are are known for their magnificent oceanfront condos but some of the those cities are primarily private single family houses.

Below are two charts that provide you with the sale price per square foot for waterfront condos over $1 million. This data represents all sold properties on the water and does not differentiate age of building, amenities or other factors. This information is to provide a general idea of price per square foot.

Closed Sales in Broward Over 1 millionÂ

Sales in Dade County Over 1 million thru sept 2007