Buying a Residential Land Lot

Building a new house
Building a new house

When a home buyer is looking for a home, there are many choices to make. Future home-owner has to decide if a home going to older home or new construction.

When going the new construction route, the home-buyer can choose the location, the subdivision, the floor plan, also the finishes inside the house.

Buying a New Conctruction in a New Subdivision:

But some people do not want to live in a subdivision. There can be many reasons. One of reasons is that subdivisions usually have a Homeowners Association (HOA) , and some people don’t want to be a part of HOA. Some people don’t want to live in the neighborhood when all the houses look a like.

Buying a Residential Land Lot and Building a House:

So, when a home-owner wants to build a new house, but does not want it to be in a subdivision, there is another way to get a new construction home. Some home-buyers buy a residential land lot and build one of a kind home.

When looking for a land lot to build a home, location is the most important factor.

Residential land for sale in Broward, FL in May 2018
Residential land for sale in Broward, FL

I looked up some information on our local MLS – Realtors® of the Palm Beaches and Greater Fort Lauderdale. And from information I gathered I was able to make this table above.

There are 331 residential land lots for sale right now in Broward County, Florida. The min listing price is $19,200, and max is $10,749,000. Out of all  residential land lots for sale, the median listing price is $520,000.

Out of these 331 residential land lots available in Broward County, about one third are waterfront. Waterfront can mean anything with water – canal, creek, intracoastal, lake, etc. So, there are 127 residential land lots have some kind of water view. Min listing price is $50,000 which is much higher when comparing with a lot without water view. Max price is $10,749,000. Median listing price $1,125,000 for a waterview lot, which is also much much higher than non-waterfront land lot.

If you would like more information real estate trends in Broward County, please look up my other blog posts at Market Update or Local Market Conditions and Home Prices .

The information that I got to make this table above is from my local MLS – Realtors® of the Palm Beaches and Greater Fort Lauderdale. The information is deemed to be reliable but not guaranteed.