Can you share info on Lighthouse Point?

[LifeIsGood01]

Originally Posted by NYTom

Hello, thinking of buying a condo in Florida to use for vacations and eventually retire to or snowbird.
I want to be somewhat close to the Fort Lauderdale area and found a unit I like in Lighthouse Point on NE 42nd Ct.

It seems like a nice area from what I remember when visiting years ago, but I know places can change and I was hoping that this would be one of those places that stayed nice. Would like to be within walking/biking distance to the beach.

Have family in Stuart and Vero so would not want to be too far south, so I can make day trips.

Can you tell me your opinion of the area as far as safety, and crime? Schools aren't a big concern for me, but I would be more into outdoor activities, parks, beaches restaurants, shopping etc.

Thanks

Look on Google Maps, LHP is mostly canals and it's basically the side of Pompano Beach that is on the other side of Federal Highwsy. You won't be able to walk to the beach because it looks like the beaches there are all on private property and there is the intercoastal in the way.

[NYTom]

Originally Posted by Angel Calzadilla

Lighthouse Point is one of the best municipalities in Broward county if not the best. Personally, I love it.
Depending on your budget you can find a nice 1-1 condo starting in the high $80'sK to the $130'sK and a 2-2 starting in the lows $120's K up to $220'sK for those non waterfront properties.
If you are interested in a condo with a view to a canal or Intercoastal, the budget goes up in the $290'sK to the $360'sK, like the ones in the building Palm-Aire at Coral Key. This numbers are as per July-Aug 2020. They may vary according to the local market condition, which is normally stable in the high demanded residential enclave and boaters' paradise that is Lighthouse Point.
As a buyer get yourself armed with an excellent, top notch, proficient, seasoned, cutting-edges, and full-time Real Estate agent.

Are these units owner occupied, or do most get rented out?
I have been looking at these for over a year now, and the prices are still going up. The first one I looked at was a 2/2 listed for 95K and sold for 80K in Feb,2020. Now it's estimated at 136K. So the prices are going up. But do you think they will come down?

Do you know anyone who lives in these complexes that could share their experiences? Would love to hear about them.

Thanks!

[Rick In Madison]

Originally Posted by Angel Calzadilla

Lighthouse Point is one of the best municipalities in Broward county if not the best. Personally, I love it.
Depending on your budget you can find a nice 1-1 condo starting in the high $80'sK to the $130'sK and a 2-2 starting in the lows $120's K up to $220'sK for those non waterfront properties.
If you are interested in a condo with a view to a canal or Intercoastal, the budget goes up in the $290'sK to the $360'sK, like the ones in the building Palm-Aire at Coral Key. This numbers are as per July-Aug 2020. They may vary according to the local market condition, which is normally stable in the high demanded residential enclave and boaters' paradise that is Lighthouse Point.
As a buyer get yourself armed with an excellent, top notch, proficient, seasoned, cutting-edges, and full-time Real Estate agent.

My grandfather was one of the many who built home in Lighthouse Point back in the 50's & 60's.
There are some beautiful homes in that area.

[chefcurry91210]

Wait until another hurricane hits to buy anything. Seriously, the FL real estate market is the biggest scam at the moment. Its a natural disaster zone that has zero government safety nets and lots of insurance companies do not like to fulfill claims down there. A hurricane WILL wreck the area. Its just a matter of when.

Lighthouse point is extremely nice though. Its one of the better parts of Broward. Id just hold off on FL real estate in general for a very long time. Its so disgustingly inflated and even when real estate comes down, it will still be way too over-evaluated. There is just a ton of people out there trying to con you into buying something that will get blown down by a storm. When the prices hit rock bottom, that is when I would think of buying anything down there.

Im personally done with FL for good for many reasons, but if I was ever to buy property down there, it wouldnt be anytime in the near future due to the reasons I mentioned above.

[NYTom]

That is what my brother in law keeps telling me, to wait for the next hurricane.

I just think with 30% or more of the population at retirement age in the next decade that the demand will outpace supply. Florida still has a lot going for it with warm weather, no state income tax, good health care etc.

[fortlauderdalemike954]

Originally Posted by chefcurry91210

Wait until another hurricane hits to buy anything. Seriously, the FL real estate market is the biggest scam at the moment. Its a natural disaster zone that has zero government safety nets and lots of insurance companies do not like to fulfill claims down there. A hurricane WILL wreck the area. Its just a matter of when.

Lighthouse point is extremely nice though. Its one of the better parts of Broward. Id just hold off on FL real estate in general for a very long time. Its so disgustingly inflated and even when real estate comes down, it will still be way too over-evaluated. There is just a ton of people out there trying to con you into buying something that will get blown down by a storm. When the prices hit rock bottom, that is when I would think of buying anything down there.

Im personally done with FL for good for many reasons, but if I was ever to buy property down there, it wouldnt be anytime in the near future due to the reasons I mentioned above.

Harsh.


Lighthouse is nice. Close access to Palm Beach county and Fort Lauderdale. Still pretty quiet. Only thing is some of those condos are older so considering Surfside the older condo market might be weird for a while.

[chefcurry91210]

Originally Posted by fortlauderdalemike954

Harsh.


Lighthouse is nice. Close access to Palm Beach county and Fort Lauderdale. Still pretty quiet. Only thing is some of those condos are older so considering Surfside the older condo market might be weird for a while.

Not harsh at all. I know lots of people over the years who have been screwed over by FL real estate. If you ever choose to buy it, you should never overvalue it and always buy it as cheap as possible. The hurricanes seriously wreck any long term appreciation.

And yeah, the sketchy realtors who lie their ***es off always try to say their properties are the greatest and nothing is wrong with them when they are so close to falling apart. Seriously, wait for a hurricane to hit and then buy something. The real estate in FL is a giant rollercoaster that is never really stable.

[chefcurry91210]

Originally Posted by NYTom

That is what my brother in law keeps telling me, to wait for the next hurricane.

I just think with 30% or more of the population at retirement age in the next decade that the demand will outpace supply. Florida still has a lot going for it with warm weather, no state income tax, good health care etc.

The state is slowly going below sea level. Miami Beach is already 3% underwater, so the state has an expiration date and lots of people will be dumping their properties at some point. Even if it doesnt happen for a long time, all the bad news alone will tank the value of the properties.

FL real estate always shoots up and then plummets due to hurricanes. Look at previous property trends and you will see the same exact trends. Every single time the same thing happens.