Fort Lauderdale Ritz-Carlton Penthouse Sale Sets Record as Most Expensive Price-Per-Square-Foot Condo in City
A Fort Lauderdale Ritz-Carlton penthouse recently set the record as the most expensive price-per-square-foot condo sale in the city’s history.
The 2,827-square-foot residence sold for $4.4 million, making the price per square foot $1,556.
The residence, located on the 22nd floor of 1 N. Fort Lauderdale Beach Blvd., includes three bedrooms, five bathrooms and a balcony overlooking the ocean. The balcony provides an additional 1,600 square feet and was redone with faux grass, stepping-stones, a dining table that seats 12 and a Jacuzzi overlooking the ocean.
The condominium is one of 28 private residences at the Fort Lauderdale Ritz-Carlton, said Dan Teixeira, of Douglas Elliman Real Estate, who sold the condominium. It also offers other amenities such as a private concierge and in-room dining.
So, how long did the condominium take to sell? Just one day, in fact.
“I just put it on the market and it sold immediately,” Teixeira said.
The buyer is an empty nester from Weston who liked the amenities offered by the condominium, as well as its proximity to the airport, Teixeira said. The buyer likes to travel a lot, he added.
The seller, who used Michael Beamish Design to refurbish the condominium, sold the home because it was too high up and getting the kids to school was difficult. The seller likes the building and is choosing to move to a lower floor, Teixeira said.
He said he sees more people looking to buy in Fort Lauderdale in the future.
“People in the past that were looking in Miami are now coming to Fort Lauderdale,” Teixeira said.
Here are more pictures of the listing: