More Groups Are Investing in Broward County, Florida Luxury Condominiums

Broward County properties have become an increasingly hot commodity in recent months, as evident by two recent bulk condo deals in the South Florida county.

Miami-based Sonata Grand LLC recently purchased 22 units at Sonata Beach Club for $9.7 million in Pompano Beach, according to the Sun-Sentinel.

And a couple of weeks ago, Village East Investment LLC purchased 68 units at Village East in Fort Lauderdale for $7.65 million.

These deals are the latest in a string of multi-million dollar investments in the area. Since 2008, there have been 71 bulk deals in Broward, Miami-Dade and Palm Beach counties totally more than $2.1 billion.

Many of these investors end up turning around and selling these units to international buyers, many of whom are purchasing with cash.

This was the case of Aventura-based McKafka Development Group, which purchased 64 units at Las Olas by the River in July for $8.7 million.  Since then, the company has sold 50 of the units to international buyers, many of whom have paid cash.

Buying a South Florida Condo for Sale

As an experienced South Florida REALTOR, I’ve worked with dozens of South Florida buyers who have purchased property at some of the most desirable luxury condominium communities in the area.

I take pride in representing South Florida buyer interests and helping to get home buyers the best deal possible on their South Florida condominium.

If you’re interested in learning more about buying a luxury condominium in Aventura, Golden Beach, Hallandale and other neighboring communities, then contact me, Scott Patterson, your South Florida Real Estate Expert.

I also suggest you take some time browsing some of these South Florida condominium communities, including:

Leave a Reply

Your email address will not be published. Required fields are marked *