View of a Fort Lauderdale Home in Lake Ridge

Lake Ridge Homes

Lake Ridge Fort Lauderdale
Homes for Sale

Search Lake Ridge Fort Lauderdale Homes for Sale

Key Facts:

  • Homes for Sale  – Price Range $219,000 – $539,000
  • Median Sales Price in 2014 was $248,000  – this being for a 3 Bedroom 2 Bathroom 1360 square foot Home – with a sales price to square foot price of $176.00
  • Last waterfront sale was in 2013  – this being for a 2 Bedroom 2 Bathroom waterfront home of 1477 square feet – with a sales price to square foot price of $111.00 – this sale was a Foreclosure/REO
  • Fort Lauderdale Homes in this neighborhood typically have between 2 Bedrooms to 3 Bedrooms – there are some larger homes with 4-5 bedrooms!
  • Median sales for Lake Ridge Home prices in 2014 are up over 90% or $118,000 from a low in 2011 when the median sales price was $130,000.
  • Most Expensive Sale in 2014 was for 1212 NE 16th Ave which sold for $423,500 this was a 3 bedroom 2 bathroom home – with a sales price to square foot price of $343.00 
  • Important to note is that the Lake Ridge median sales prices per square foot in 2014 at $176.00 are still well down from the median of $269.00 achieved in 2006

 

View of a Lake Ridge home sold here in 2013

Lake Ridge Homes
May / June 2016

At time of writing there are just 4 x Lake Ridge Fort Lauderdale Homes for Sale – a real shortage on inventory!

This is up slightly from the 3 homes for sale in our last post!

The market analysis report for these Fort Lauderdale  homes is presented below

 $$ Beds/Baths SF/FF List Price
High 4 / 3 3,134 $539,000
Low 2 / 1 1,641 $219,900
Avg 3 / 2 2,221 $376,922
Med 3 / 2 2,056 $374,394

We can see from this report that the median price for a Fort Lauderdale home for sale in Lake Ridge is $374,394 – this being for a 3 bedroom 2 bathroom home of 2056 square feet.

In our last post the median price for a home for sale in Lake Ridge was $359,999 – this being for a 3 bedroom 2 bathroom home of 1439 square feet.

Currently there are no waterfront homes for sale here in Lake Ridge.

Read More on Homes for Sale in Lake Ridge

Kevin Wirth - Fort Lauderdale Realtor

Buying / Selling?
Call me today!

954-459-0337
Email: kevinsellsmore@gmail.com

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Lake Ridge Homes
2014 Prices by Bedroom

Here is the market analysis summary for the Lake Ridge homes sold in 2014 by median prices by bedroom.

Beds/Baths SF/FF Sale Price SP$/SqFt
2 / 1 1,104 $190,000 $219
3 / 2 1,355 $224,900 $179
4 / 3 2,204 $257,500 $118
5 / 4 2,367 $299,000 $126

We can see from this report:

  • That for 2 bedroom Lake Ridge homes sold in 2014 that the median sales price was $190,000 – this being for a 2 bedroom 1 bathroom home of 1104 square feet with  a sales price to square foot price of $219.00
  • That for 3 bedroom Lake Ridge homes sold in 2014 that the median sales price was $224,900 – this being for a 3 bedroom 2 bathroom home of 1355 square feet with  a sales price to square foot price of $179.00
  • That for the 2 x 4 bedroom Lake Ridge homes sold in 2014 that the sales price was $257,500 – this being for a 4 bedroom 3 bathroom home of 2204 square feet with  a sales price to square foot price of $118.00
  • That for the 1 x 5 bedroom Lake Ridge home sold in 2014 that the sales price was $299,000 – this being for a 5 bedroom 4 bathroom home of 2367 square feet with  a sales price to square foot price of $126.00

More on 2014 Home Sales in Lake Ridge 

Note: In 2012 while the median sales price to square foot price was $122.00 and the most expensive sales price to square foot price was $181.00

More on 2012 home sales in Lake Ridge

In 2013 the most expensive sales price to square foot price was $232.00 – up $51.00 per square foot from the highest price paid per square foot in 2012

More on 2013 home sales in Lake Ridge

Lake Ridge Homes
New Construction

For Lauderdale is enjoying a resurgence in new construction homes – however there were no new construction homes sold in Lake Ridge in 2014.

View of Fort Lauderdale hone in Lake Ridge

Lake Ridge Homes
Sales 2006 – 2014

Our market analysis report for Fort Lauderdale Home Sales in the neighborhood of Lake Ridge for 2006 – 2014 is presented below.

 Pricing #Beds Sale Price SP$/SqFt
2014 3 / 2 $248,000 $176
2013 3 / 2 $220,000 $169
2012 2 / 2 $166,500 $122
2011 3 / 2 $130,000 $107
2010 2 / 2 $175,000 $154
2009 2 / 2 $147,000 $117
2008 3 / 2 $231,000 $139
2007 3 / 2 $314,175 $266
2006 3 / 2 $388,500 $269

We can see from this report the median MLS sales data for Lake Ridge home sales for each year from 2006 to 2014.

Median sales for Lake Ridge Home prices in 2014 are up over 90% or $118,000 from a low in 2011 when the median sales price was $130,000.

Important to note is that the Lake Ridge median sales prices per square foot in 2014 at $176.00 are still well down from the median of $269.00 achieved in 2006

Most Expensive
Lake Ridge Home

Lake Ridge is very popular with Fort Lauderdale Home buyers and prices are on the rise.

Here is an overview of the most expensive home sold in Lake Ridge in 2014.

1212 NE 16TH Terrace
Offered for Sale $423,500

This Fort Lauderdale home is an “amazing” remodel in Lake Ridge.

The home features a modern contemporary interior with an open kitchen with brand new cabinets/ stainless steel appliances and granite countertops.   The kitchen opens to the living room and a separate dining room.

The home has: custom built in closets in bedrooms, upgraded contemporary fixtures, a new alarm system, custom bathrooms and new impact resistant windows throughout.

The home boasts a huge backyard with a new mid-century custom pool surrounded by travertine pavers.

Market Analysis
Report

Here is our market analysis report for this Lake Ridge Home

Beds/Baths SF/FF Sale Price SP$/SqFt
3 / 2 1,236 $423,500 $343

We can see from this report that this 1236 square foot remodeled home in Lake Ridge sold for $423,500with a sales price to square foot price of $343.00

This was the highest sales price AND the highest square foot price paid for a Fort Lauderdale home here in Lake Ridge in 2014.

Also important to note is that this home sold for 96% of its list price and had just 24 days on market – which is very fast!

Days on market is the time from when the home was listed for sale till the date the home sold AND closed!

Kevin Wirth - Fort Lauderdale Realtor

I hope you enjoyed reading about Lake Ridge Fort Lauderdale Homes for Sale – by Kevin Wirth Fort Lauderdale Realtor

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