In an article published on March 16, 2017, the Wall Street Journal puts the spotlight on Fort Lauderdale as a prime location that offers home buyers with more affordable luxury living than neighboring Miami. Tim Elmes of the Tim Elmes Group at Coldwell Banker and Fort Lauderdale’s luxury waterfront real estate specialist, shares his expertise on the matter.
Entitled “Fort Lauderdale Gets Its Day In The Sun,” the story tackles Fort Lauderdale’s attractive features that lure businesses and home buyers into calling the Florida spring-break destination their new home. Even if it’s located just 45 minutes north of Miami, Fort Lauderdale seems to be sporting a different kind of Floridian flair. Companies such as AutoNation, Citrix Systems and Hotwire Communications are all located in Fort Lauderdale –according to the article, businesses choose the charming coastal city as their headquarters due to its labor pool diversity, favorable tax climate, more seamless transactions with both domestic and international markets and of course, the lifestyle.
The easy-going, boating lifestyle is what also draws most home buyers to Fort Lauderdale. Bruce Paddock, a recent transplant, picked Fort Lauderdale as the perfect home not just for himself, but also for his two yachts. Paddock’s real-estate agent, Tim Elmes says most buyers are in search of new homes that have transitional styles, featuring a blend of traditional and contemporary details.
One of Elmes’ current listings featured in the article is an 8,329 square-foot, three-story penthouse located on the top floor of the Las Olas River House. Built in 2004, the luxury property with a price tag of $13.995M boasts of five bedrooms, seven bathrooms and two half-baths, as well as custom finishes and sweeping city and ocean views from every room.