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Fort Lauderdale is undergoing enormous growth, with demand from luxury buyers and limited options and inventory. While sales and prices of luxury homes in Fort Lauderdale declining from record highs in 2021, they are still well above pre-pandemic levels. The average sale price of the city’s homes sat at $2.7M in November 2022, up from $2.1M in 2019, according to Broward, Palm Beaches & St. Lucie Realtors.
While there are several new condo projects announced in the area, there are few that rival the experience of a single-family home, except for a new alternative presented by Latitude Group with The Terraces Fort Lauderdale.
Located in the heart of the North Beach area of Fort Lauderdale Beach, the property is limited to only 22 luxury residences spanning up to 4,400 square feet with expansive outdoor spaces. Set in an ideal location – within walking distance of the ocean and intracoastal, as well as boutique retail and world-class dining, it is also a short drive to Las Olas Boulevard and the heart of Downtown Fort Lauderdale.
“Everything is designed to maximize the unique indoor and outdoor experiences offered by The Terraces,” says Carlos Lopez, founder of the Latitude Group. “From the proximity to the ocean to the expansive views from the units and the unique amenities, The Terraces offers a quality of life that isn’t available anywhere else at this price.”
Penthouses span 4,400 square feet while other residences range in size from 1,775 to 2,674 square feet with pricing from $1.7M. At $1M under the average of luxury home sales in the area, The Terraces Fort Lauderdale presents a clear value for those seeking the best of both worlds. Led by Lopez and Luis Estrada, Latitude Group is working with Douglas Elliman Real Estate’s Teixeira Team on project sales.
To bring the outdoors in, architect Garcia Stromberg incorporated 10-foot ceilings and floor-to-ceiling impact glass windows to provide ocean views to the East and Intracoastal views to the West. Residents will enjoy the lush environment from their expansive white wrap-around terraces that mirror the feeling of a waterside villa, offering a connection to the outdoors and ample privacy.
In the kitchen, Italian-milled wood cabinetry beautifully complements the European quartz countertops. The sleek design compliments innovative appliance packages by Subzero and Bosch that seamlessly tie into the built-in kitchen.
Throughout the building, residents have access to elegantly designed amenities conceived to enhance luxury Florida living and act as extension of the residences. In the pool deck, a neutral-colored relaxation deck comes complete with clean white cabanas and lounge chairs that surround the turquoise-tiled pool. The scenery is the focal point amidst the neutral and pared-down environment.
With health and wellness in mind, the gym takes on a simplistic and clean aesthetic with natural light filtering in through the floor-to-ceiling windows. It comes fully equipped with Peloton bikes, state-of-the-art equipment and a lounge for yoga, Pilates, and meditation. Other exclusive amenities for a privileged few include two summer kitchens, bike storage and a pet spa. For more information, please visit theterracesftl.com or call Oscar Musibay at 786-348-9257.
About Latitude Group
Founded by Carlos Lopez and Luis Estrada, Latitude Group is a design, build and development group bringing beautiful spaces to the best places. Latitude Group’s philosophy is a harmonious balance of natural and urban design that delivers a lifestyle unlike any other. From site acquisition through project construction and sales and marketing, their unified approach and solid vision is what makes projects unique. The founders have invested in and worked on the development teams of marquee residential, commercial and mixed-use projects in South Florida over the past decade from Ocean Reef to Villa Valencia, and dozens more.
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