Lighthouse Point Mid-Core Market Research

Lighthouse Point Mid-Core Market Research

In this article, we'll take a look at Lighthouse Point real estate with a focus on apartment buildings and multifamily buildings of 2-4 units. In the following, we'll address average rent rates for this suberb of Fort Lauderdale as well as comparable sales.

Introduction to Lighthouse Point

Lighthouse Point is a suburb of Fort Lauderdale located in Broward County, Florida, United States. The suburb was named for the Hillsboro Inlet Lighthouse, which is located in nearby Hillsboro Beach.

Lighthouse Point covers just over two miles in north Broward but it consistently rates as one of the best locations in Broward County for quality of life, the best beaches, quality entertainment and dining, superior demographics and its small town feel. 

Arguably the most special feature of Lighthouse Point is the Hillsboro Inlet and the eponymous lighthouse that rests on the north side of it. On the south side of the inlet sits an old pier made of rocks and wood that has been a popular locals fishing spot for decades.

Much of what makes Lighthouse Point the best beach in Broward are the simpler things, like the landscapes and scenery.  Sometimes, you'll hear people mention that a certain place is practically straight out of a postcard, and Lighthouse Point is definitely one of those places. The blues and greens seem brighter than normal. The beach scrubs are maintained better than you've seen anywhere else. The signage seems vintage, but not old. Every view in this small city complements the next view, like a painting whose colors blend into one another. 


Rent Survey - 2 Bedroom Apartments

The following are rent surveys for 2 bedroom apartments in Lighthouse Point. We invite you to utilize the rent surveys provided below in researching your investment property or a prospective purchase.

That being said, if you're considering selling or acquiring a residential investment property it's best to get the most up-to-date information to support your decision. In this case, please contact Peter Dacko for a complementary Proposal to Market. This Proposal to Market will include the most current rent surveys and other information complied specifically for your subject property.

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Comparable Sales - Lighthouse Point Real Estate of 2-4 Units

The following document is a comparable sales sheet for Lighthouse Point real estate consisting of multi-family apartment buildings of 2-4 units.

What are Comparable Sales?

The market or direct sales comparison approach is a strategy to estimate the of value of a property. In this approach we undertake a process of comparing market data - that is, prices paid for similar properties, prices asked by owners, and offers made by prospective buyers or the tenants willing to buy or lease.

Typically a comparison grid is used and adjustments are made to each comparable sale used for major differences between the comparable and the subject property. These adjustments are made for factors like location, construction quality, and significant amenities. In this approach (the market/direct sales approach), the attempts are made to both gauge and reflect the anticipated reaction by a typical purchaser to the subject property. 

Why Comparable Sales?

Taking the direct sales comparison approach can sometimes have beneficial outcomes for the estimated value of your property as compared to other appraisal strategies. As a broker, it's my job to establish the best value I can in any property I bring to market. That's why I spend the time to create comparable sales sheetsContact and establish the value of my client's property.

Indeed, the selection of comparable sales is in most appraisals is the single most determining factor in establishing the value of the property. It is essential to fully research the local real estate market and determine which comparable sales represent the best value characteristics of the subject property. 

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If you're interested in receiving the most up-to-date rent surveys and comparable sales for your subject property, please contact me for a complementary Proposal to Market. My firm, Media Realty enables our clients to maximize their net returns by providing the best information. This allows our clients to make the most educated decision in a timely manner. Let us create value for you!

The information contained herein is not a substitute for a thorough due diligence investigation. Media Realty has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property.  The information has been obtained from sources we believe to be reliable; however, Media Realty has not verified, and will not verify, any of the information contained herein, nor has Media Realty conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all the information set forth herein.