This section refers to “single family homes” or “detached properties” whether they are on the water or not.

A single family home is usually the most desirable type of ownership because of the freedom it gives but it is therefore usually also the most expensive.

ADVANTAGES:

• Homes in Wilton Manors are not located inside subdivisions with rules and regulations. So you are your own master!
• You have pets? Homes have a backyard perfect for them and there is no association to require approval of your pet.
• You don’t hear your neighbors’ sneeze… like some times in attached properties…
• Homes tend to be larger than condos or town homes and so they offer more living space.
• Many homes have a garage or a carport to protect your car (s)

87% of Wilton Manors homes for sale in 2016 fetched prices  above $300,000 and 22% were even above $500,000. Two homes sold above $1 million in 2016 (both waterfront).

Homes currently for sale in Wilton Manors:

• Priced below $400,000
• Priced between $400,000 and $500,000
• Priced between $500,000 and $600,000
• Priced between $600,000 and $700,000
• Priced between $700,000 and $800,000
• Priced above $800,000

This is a sub-segment of the “homes” market. The advantages identified under 1. are identical. The ones identified here are specific to the waterfront.

Fort Lauderdale is the “Venice of America” and Wilton Manors is the “Island City”. With close to 200 miles of canals, the area has one of the largest selection of waterfront properties in the country. On average 20 to 25% of homes sold in Wilton Manors are waterfront year in year out.

Living on the water is fun and glamorous. Here are some big draws to waterfront living:

ADVANTAGES:

• Long term investment value. The number of waterfront properties is finite and is in demand.
• Boating experience (see “understand waterfront in South Florida“)
• Beautiful water views from your back yard gives you an exclusive, tropical lifestyle.
• Wildlife: herons, ducks, turtles, manatees to name a few are guests you are more likely to encounter if you live on the water

14% of Wilton Manors Waterfront homes for sale in 2016 fetched prices below $400,000 and 46% sold above $600,000.

Click Here to view waterfront homes currently for sale in Wilton Manors

Click on this link for a complete breakdown of 2014 homes sale’s prices.

A “town home” is attached to its neighbor. You share common walls while a home or single family home is a detached property with windows on all sides.

Another big difference is that a town home typically has 2, 3 or at times even 4 floors while a single family home is usually just one floor (although newer properties tend to have two!).

A town home is typically a compromise between a single family home and a condo.

ADVANTAGES:

• Less maintenance than in a detached home: often pool and yard will be maintained by the association
• More space than most condos and nobody above your  head that makes noise when walking etc..
• The majority of town homes in Wilton Manors are recently built and therefore meet modern standards of comfort
• The majority of town homes in Wilton Manors are close to the downtown core.

The market of town homes in Wilton Manors is mostly located in the Central part of town and in 2014 is clearly split in two subgroups:

a) properties priced below $300,000: they are typically built in the 1970’s, have two bedrooms and no garage.

b) properties priced above $300,000 are typically built after 2000, have three bedrooms and a two car garage. The biggest inventory is in the “Highland Estates” neighborhood on NE 8 and 9 AVE as well as the “Belle Isle” development on Wilton Drive.

Town Homes currently for sale in Wilton Manors:

• Priced below $300,000
• Priced between $300,000 and $400,000
• Priced between $400,000 and $500,000
• Priced above $500,000

The condo is the solution for those who seek convenience but are willing to give up  freedom and space. It is also usually the best alternative if your budget is limited.

The monthly fees paid to the association usually cover the insurance of the building, the maintenance of the common areas, often water and trash is included, sometimes cable and internet is as well.

If the monthly fees are too high for your budget, consider a one bedroom condo instead of a two bedroom (if possible at all). HOA fees are usually based on square footage….

If you look for views, condos are the way to go but remember the higher the floor, the higher the investment!

ADVANTAGES:

• Least maintenance of all
• Usually one single floor with no stairs making this the perfect choice for people with limited mobility.
• Condo is the best solution for limited budgets
• In areas where land is very expensive, the condominium is a way to share the cost among all owners and therefore afford a great location at reduced price.
• If the condo is in a high rise, you will likely have a  view and views in South Florida are often spectacular. Long distance views are only possible in condos obviously.

In 2016, the condo market was split into 2 segments:

Condos priced below $200,000 are from the 1970’s and the majority are in the “Manor Grove” complex and a few other smaller developments. The higher priced units are usually remodeled. The cheapest condos start at around $55,000 for a one bedroom in original condition.

84% of the condos sold in 2016 were in this segment in Wilton Manors. As a general rule, 1 bedroom condos were priced below $100,000 and 2 bedrooms condos between $100,000 and $200,000.

Condos priced above $200,000 up to $500,000 are in “Wilton Station” and “Island City Lofts”. These 2 developments are from 2005-2007. As a general rule, 1 bedrooms are in the $200k, 2 bedrooms are in the $300k and 3 bedrooms are above $400k.

There are also large complexes like Drake Tower, Hidden Harbor, River Shores etc.. right outside the city boundaries that are priced attractively.

CONDOS FOR SALE IN WILTON MANORS:

• Priced below $100,000
• Priced between $100,000 and $200,000
• Priced between $200,000 and $300,000
• Priced between $300,000 and $400,000
• Priced between $400,000 and $500,000
• Priced above $500,000

Investment properties are Duplexes, Triplexes and Four-plexes which means a property with 2, 3 or 4 apartment units on the same lot.

The Buyer usually acquires such a property for the income it produces. They are all over town but nevertheless concentrated in the Central area.

Some times a Buyer decides to occupy one of the units and then the tenant pay for his mortgage. This is most common in duplexes.

This is purely an investment strategy and an alternative to investing in equities, bonds, gold or cash.

The Buyer must be ready to deal with tenants. The financial rewards, especially in times of very low interest rates can be high.

DUPLEX, TRIPLEX, 4-PLEX FOR SALE IN WILTON MANORS:

• Priced below $300,000
• Priced between $300,000 and $400,000
• Priced above $400,000