Oceanfront 2 bedroom, 2 bath Sapphire #804S closed January 2013 for $665,000.
A sales overview of the last six months from November 1, 2012 to April 30, 2013 in the exquisite Sapphire Condominium inFort Lauderdale beach provides real estate market stats on the two glass towers. Three elite 2 bedroom, 2 bath units have sold ranging in sale price from $505,000 to $680,000 with an average sale price of $616,667.
Sapphire PH#02 sold the end of January 2013 for $680,000 in a little over 2 months.
The average list price versus sales price is not far off the original asking value coming in close to an A minus at 93%. Most listings go under contract in approximately 2 months due to the fact Sapphire is known to be one of the best values for beach front resort-style living in desirable South Florida. These three magnificent units on average were only available for viewing for 61 days before they were sold. Currently there are eleven active listings between both the modern North and South towers ranging from $499,900 to $775,000.
Sapphire #703 S the current pending 3 br, 3 ba sale unit listed for $799,999. Under contract in less than 2 months. (Click on photo above to view virtual property tour).
Currently Sapphire has one pending sale of corner unit # 703S. This 3 bedroom, 3 bath designer property nearly reaches 1,900 square feet of living space listed at $799,999. If beach front living in a modern sophisticated atmosphere is what you have dreamed of consider Sapphire. You won’t be anything else but impressed with this 16 acres of pure beach side brilliance.
Sapphire corner unit #507S with 1,468 s.f. of custom interior design by Verdugo Design Group boasts an asking price of $614,900. (Click on photo above to view property video tour).
Each unit features a private balcony, impact glass, full size washers and dryers, and European kitchens and baths. I hope these stats have given you a little more insight into what has been happening with this ocean front gem in the real estate market. Sapphire is my own personal favorite Fort Lauderdale beach condominium. Schedule an appointment to see one of the active listings and I am sure it will be your preferred waterfront residence.
To search more local listings visit www.melanieschrand.com.