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The South Florida Market Soars Amid a Bicoastal Migration

by | Feb 22, 2021

Sunshine, sandy shores and tax-friendly living—the ultimate South Florida trio continues to lure buyers from coast to coast to the tri-county region of Miami-Dade, Broward and Palm Beach. It was widely reported that in 2020, about 1,000 people a day made the move to Florida, with people flocking to the most popular destinations in the southern region of the state. While New Yorkers have long led the charge to Florida’s sunny shores, last year saw a new contingent moving from Boston, Chicago, and California.

Single-family residences in suburban neighborhoods were a hot commodity in 2020. Many embarked on the quest to find the perfect home with lots of room for the entire family to live, work, learn, and play. As homes were listed and sold at a swift pace, the demand drove down the median days spent on the market, as well as available inventory. High demand for homes and condominiums across the region is expected to continue throughout the year. Below we highlight some fantastic homes on the market, listed by The Agency South Florida.

1235 E. LAKE DRIVE | FORT LAUDERDALE

Situated within the guard-gated Harbor Beach enclave, this spectacular, Mediterranean-style estate captures sweeping canal and Lake Sylvan views from its perch along the Intracoastal. Represented by Howard Elfman and Steve McAleer, the 1.1-acre waterfront estate boasts 10 bedrooms, 14 baths, soaring double-height ceilings, Grecian-style columns and floor-to-ceiling windows. Amenities include a rooftop terrace, infinity-edged pool, theater, gym, 1000-bottle wine cellar, guest house and 359 feet of deepwater frontage to accommodate several mega yachts for sun-drenched days spent at sea.

529 BONTONA AVENUE | FORT LAUDERDALE

The perfect embodiment of the South Florida waterfront lifestyle, this stunning six-bedroom estate in Las Olas Isles is private, gated and surrounded by water on all three sides. Represented by Howard Elfman, the residence captures limitless views of the New River and Intracoastal Waterway from every room. The home showcases exquisite design, a chef-caliber custom kitchen, spa-like bathrooms, imported European marble, an outdoor kitchen, pool, spa, and 700 feet of deep-water dockage.

3501 N. OCEAN DRIVE #8 | HOLLYWOOD

This extraordinary beachfront condominium in Hollywood captures panoramic ocean and Intracoastal views from floor-to-ceiling arched windows. Represented by Angela Corrente, the 3,299-square-foot home boasts three bedrooms, 3.5 baths, open, airy living and entertaining areas, and an ocean-facing balcony. One of 62 private homes in the boutique-style building, the home offers a fantastic location, private pool, spa, cabanas, and direct boardwalk and beach access.

9703 COLLINS AVENUE PH-08 | BAL HARBOUR

Penthouse 8 at the St. Regis Bal Harbour Resort captures far-reaching ocean and coastline views from its newly renovated interiors and three private balconies. The elevator stops at the private foyer of this two-bedroom + den condominium, boasting imported Italian marble floors, two full baths and 2,123 square feet of living space. Represented by Mark Block and Zhanna Block, the home offers the amenities and services of the St. Regis resort, including in-residence dining, 24-hour concierge, oceanfront pool, cabanas and valet parking. 

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