Coral Ridge Golf Course Redevelopment Continues

Coral Ridge Country Club
Fort Lauderdale, Florida

The redevelopment of a golf course in Coral Ridge, a high end subdivision of Fort Lauderdale, into a single family development continues to progress.  The developer is seeking commission approval to amend the future land use plan from open space to residential development.  The site is located at 3850 N Federal Hwy Fort Lauderdale, Florida.  The property consists of approximately 21 acres and is apart of the Coral Ridge Country Club.  An earlier proposal back in 2006 called for a more dense project consisting of 61 single family homes.  The project has since been scaled down to include 37 single family homes plus an open space for a future passive park.

Coral Ridge: Neighborhood Homes Sales

Coral Ridge: Fort Lauderdale, FL

The subdivision of Coral Ridge, located in Fort Lauderdale, Florida has experienced healthy sales activity within the past 3 months.  A total of 47 transactions have taken place ranging in price from $305,000 for a  3/2 ranch home to an intracoastal lot with 250' of water-frontage which sold for $2,540,000 (Pictured left).  All but 4 of the homes have pools and 70% 

Waterfront home in Fort Lauderdale, FL

of the homes sold in Coral Ridge within the past 3 months were located on the water.  The average days on the market was 120 days and a majority of the homes sales were completed with financing assistance.  Coral Ridge is located in East Fort Lauderdale, North of Sunrise Blvd, East of US-1, and South of Commercial Blvd.  The intracoastal is the Eastern boundary of this waterfront, golf course and dry lot subdivision.