As Miami’s Booming Real Estate Market Spills Over, Fort Lauderdale Sees Luxury Listings Spike

. Bustling and breezy with a major airport connected to Europe, Canada, Latin America and most US markets, the city has long stood as a modest-sized alternative to hustling-and-bustling Miami. But South Florida’s real-estate surge has hit Fort Lauderdale as well, with single-family homes and especially new-build condo towers fetching record sums, both along the waterfront and out to less-developed neighboring hamlets such as Pompano Beach and Hallandale Beach.

Along the way, global brands such as Auberge, Four Seasons and Ritz-Carlton are lending their imprimatur to many of the priciest projects, helping to further solidify Fort Lauderdale’s status as an UHNW real-estate destination all its own.

Those brands are helping Fort Lauderdale reach prices unimaginable before the pandemic. In late September, for instance, a 6,000-square-foot penthouse at theclosed for $15.4 million, the most expensive condo ever sold in both Fort Lauderdale and wider Broward County. The sale follows a previous Four Seasons penthouse that went for $13.6 million, another record tally. Both condos feature private pools as well as access to public spaces by hip London-based interior designer Tara Bernerd.

, for instance, boast access and exclusive owner privileges to the restaurant-packed Pier Sixty-Six Marina. Pier Sixty-Six’s residences will initially offer 62 condominiums sized between two and four bedrooms and priced from $3.6 million. The development, which is expected to be completed in early 2024, offers rare direct access to the city’s marina, which buyers clearly covet.

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