Icon Las Olas and Fort Lauderdale Real Estate – What Savvy Investors are Doing Now
Introduction:
Fort Lauderdale real estate is one of the hottest markets in the US today. It appreciated over 25% last year, says Andrew James, Realtor, Preconstruction investor and founder of MiamiNewConstructionGuide.com
After 7 years of litigation, final approval for Icon Las Olas, the luxury high rise condo towering at 42 stories and embodied with 272 gorgeous units. Icon Las Olas will be the tallest condo development in Fort Lauderdale. This is a major event in the history of Fort Lauderdale.
Fort Lauderdale downtown area, especially around Las Olas Boulevard, has seen dramatic growth in the past decade, and now hosts many new hotels and high-rise condominium developments.
Fort Lauderdale is very protective of its waterfront and the word is that it will be a long wait before another waterfront development approved by the city of Fort Lauderdale.
Icon Las Olas will start taking reservation middle of January 2006. It’s priced between $600 to $650 per foot. The pricing will set a new higher standard for prices charged in Las Olas Riverfront area in Fort Lauderdale.
Icon Las Olas – Strong demand
We’re seeing high interest in the project by buyers seeking luxury vacation home to be ready in few years, as well as savvy investors. It’s going to be the place to meet the rich and famous and excellent place to network,says Andrew. If the recent past is an example, Icon South Beach and Icon Brickell delivered great returns to their investors.
Icon Las Olas is a riverfront development which will give its future residents ocean (some units), river and downtown skyline views. You do not need to drive. In front of the building, you can take the waterbus to major shopping areas, restaurants and Art exhibits including the musuem where King Tut is hosted right now.
How to benefit from this event
Fort Lauderdale real estate has been rewarding to its buyers. According to CNN, Fort Lauderdale real estate is expected to appreciate another 21.9% next year.
To benefit from Icon Las Olas approval:
Option 1: Reserve a unit in Icon, it requires about 10% now and 10% in Dec. 2006.
Option 2: Consider buying a unit in one of the new Las Olas condos. New condos in the Las Olas riverfront area will be appreciating because of the new Icon. You can get one of these units starting in the 300’s and rent it or use it as a vacation home. The rental market by Las Olas Riverfront has low vacancy rate and demand high premium. Tenants are willing to pay higher rents to enjoy the quality of life that Las Olas Riverfront area offers.
About Fort Lauderdale, Florida:
Fort Lauderdale is known as “Venice of America”. Fort Lauderdale offers extensive network of canals, and is an especially popular destination for fishing and yachting. Fort Lauderdale downtown area, especially around Las Olas Boulevard, has seen dramatic growth in the past decade, and now hosts many new hotels and high-rise condominium developments. Other improvements include a wide array of new boutiques, galleries, and restaurants as well as upgrades to Lockhart Stadium.
Fort Lauderdale is alive in its unique way. The Las Olas great energy for working, shopping, dining, gallery-hopping and people watching, while a few blocks to the east the beachcombers hang back in their easy-going style. Several large companies are based in Fort Lauderdale, including AutoNation USA, Citrix Systems, and National Beverage Corp.
Whether you’re considering Icon Las Olas as a vacation home or for investment, Icon Las Olas will offer an opportunity to own a world-class waterfront property in world-class city with dynamic present, bright future and excellent potential for appreciation.
Milestone Offer:
[http://www.MiamiNewConstructionGuide.com] is celebrating a record year of sales.
They are offering 20% Cash back rebate (limited time offer) to real estate Buyers. This could mean substantial savings to buyers.
Summary
Icon Las Olas is a welcome addition to Fort Lauderdale real estate. It will have a positive impact on the Las Olas Riverfront Condo market.
