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Fort Lauderdale area Broward County
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Old 04-02-2008, 09:26 AM
 
8 posts, read 40,354 times
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We have been looking for a place to live and liked the Lighthouse Point area. Does anyone have any idea if this area has seen a lot of foreclosures? We noticed home prices are very high and wonder if prices will drop much in that area. How are the local schools for this area? Crime? Just trying to find out as much general information about the Lighthouse Point area and all help and infor is greatly appreciated. Thanks
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Old 04-02-2008, 09:45 AM
 
Location: America
6,993 posts, read 15,955,110 times
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I am not sure about lighthouse point. Check out Rio Vista, I was there a few days ago. EVERY OTHER house was for sale on almost every block. In some cases it was three in a row for sale, then every other house. I think that area might be in a bit of trouble. If you take federal hwy its the area east of US1 as soon as you come from the tunnel that goes under the new river headed south.
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Old 04-06-2008, 05:57 PM
 
157 posts, read 559,607 times
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Lighthouse Point is the upscale part of Ft. Lauderdale, and it will still be that way for years to come. The city has strict rules for businesses in the area and tries to keep the upscale feeling.
Foreclosures, or just regular home sales is something you will see a lot of in any area in FL or other large city at this moment.
People over extended themselves buying properties that they really couldn't afford and we are seeing the results now.
There is nothing wrong with Light House Point, if that's where you want to buy just watch for a good deal.
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Old 04-09-2008, 08:12 PM
 
Location: M-I-YAYO
147 posts, read 153,355 times
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How much a ranch style 1960's era waterfront property without bridges and at least 70 feet of dock go for in Lighthouse Point?
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Old 04-10-2008, 01:21 PM
 
3 posts, read 15,067 times
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Default Lighthouse Point property values.

Quote:
Originally Posted by MiamiVice1985 View Post
How much a ranch style 1960's era waterfront property without bridges and at least 70 feet of dock go for in Lighthouse Point?
Right now, it will cost you in the high $500s - low $600s for such a property in Lighthouse Point. If you can take one fixed bridge, then it drops to the low - mid $500s.

These are homes that are either in or about to go into foreclosure. How many would you like? :>
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Old 04-10-2008, 01:28 PM
 
3 posts, read 15,067 times
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Quote:
Originally Posted by granitelady View Post
Lighthouse Point is the upscale part of Ft. Lauderdale, and it will still be that way for years to come. The city has strict rules for businesses in the area and tries to keep the upscale feeling.
Foreclosures, or just regular home sales is something you will see a lot of in any area in FL or other large city at this moment.
People over extended themselves buying properties that they really couldn't afford and we are seeing the results now.
There is nothing wrong with Light House Point, if that's where you want to buy just watch for a good deal.
I totally agree - as a Realtor who specializes in this area, I encourage my clients to keep an open mind when looking at homes now. I tell them not to get hung up on the listing price but to look at each home on a case-by-case basis. A good Realtor (like me), will pull the necessary information, particularly property history, so that you can get a good picture of the motivation of each seller. ie. how long the home has been on the market, how many price reductions they have made, how much the seller owes on their mortgage(s), etc. etc. This homework makes for successful and realistic offers, making both parties, buyers and sellers, happy! Unfortunately, the buyers are usually a little happier than the sellers these days but at least they get their home sold!
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Old 04-10-2008, 02:35 PM
 
Location: Okeechobee,FL
76 posts, read 307,479 times
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Well my friends sister lives there and they had a house on the water and the house was worth 600,000 and the taxes were about 25.000 a year. They moved off the water now because the taxes are just not worth it so now they pay about 12,000 in taxes I believe and got a basic home for 500,000. Sorry but it isn't worth it for the money.but I would not pay that when the ghetto is right down the street . Just my opinion. If you like it then go for it :-D
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Old 04-10-2008, 10:15 PM
 
Location: M-I-YAYO
147 posts, read 153,355 times
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In Coral gables, Miami, the fixer upper homes on the water w/dock or canal go for 2.5 $mil$, even today. Were talking 1950's ranches w/ original or at most 1970's kitchens. There are very few waterfront properties south of downtown. There is, however, a large development called Sans Souci that straddles Biscayne Bay. It is east of US-1, north of E. 40th st. and south of E. 79th st. It is gated and gaurded, even though technically it is public property. 80 feet of dock (80ft. wide lots) with an average 2,500 square foot home will go for between 900k and 1.2 mil nowadays. Miami probably has about 1/4 the waterfront property of Lauderdale/Broward.
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Old 05-19-2008, 12:39 PM
 
346 posts, read 1,244,505 times
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Quote:
Originally Posted by quirt111 View Post
We have been looking for a place to live and liked the Lighthouse Point area. Does anyone have any idea if this area has seen a lot of foreclosures? We noticed home prices are very high and wonder if prices will drop much in that area. How are the local schools for this area? Crime? Just trying to find out as much general information about the Lighthouse Point area and all help and infor is greatly appreciated. Thanks
I live in LHP and couldn't be happier. The people in the community is great and the town has a small town feel to it. The city is very strict with the code enfocement and we have our own fire dept and police dept. Yes, Pompano Highlands is across Federal Highway, but there is a difference when you have your own small police force protecting you. I've lived in Coconut Creek and Coral Springs area before and barely spoke to any of my neighbors. I now have neighbors that invite me to BBQs and know basically everyone for almost a block down on all streets. It's a great town and I wouldn't want to live anywhere else in South Florida.
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Old 05-19-2008, 07:54 PM
 
148 posts, read 631,138 times
Reputation: 48
Is it difficult to get insurance in LHP for your house? We were thinking of looking in that area, but we hear that it's either too expensive for insurance AND taxes -- anyone having trouble getting homes insured over there?
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