In search of opportunities to develop new properties with ocean views, developers are turning their attention to Broward County’s oceanside cities of Hillsboro Beach and Pompano Beach. Located just a short distance from Fort Lauderdale and Boca Raton, these cities offer a beachfront escape with luxury amenities and small-town charm. The ultra-luxury real estate market in Broward County has seen significant growth in recent years, with sales volume reaching $175.3 million and a dozen sales in the $12 million-and-up range.
Hillsboro Beach has become known as “Millionaire’s Mile” due to the high prices fetched for its single-family homes, particularly mansion-class properties. The city offers a unique combination of small-town charm and luxurious resort amenities, making it a desirable destination for the wealthy. Pompano Beach has similarly undergone a revitalization, with $80 million invested in improvements to its beach area, including a new pier and parking garage. The city has seen a surge in interest from developers, culminating in the success of luxury condominium projects like Solemar and Casamar.
Developer Related Group has been instrumental in transforming Pompano Beach with its luxury condominium towers, including Solemar, Casamar, and the upcoming Waldorf Astoria Residences Pompano Beach. These developments offer a modern, upscale living experience with world-class amenities and stunning architecture. In Hillsboro Beach, Rosewood Residences offers exclusive waterfront condominium homes and villas, complete with private boat slips and multiple fitness centers. The city is primed for further development, with a number of luxury high-rise projects in the works to continue reshaping its landscape.
J.C. de Ona, president of Centennial Bank Southeast Florida Division, notes the remarkable influx of opportunities in both Hillsboro Beach and Pompano Beach, highlighting the cities’ potential for growth and favorable pricing compared to neighboring markets. The pipeline of luxury high-rises is expected to bring economic activity and attract investors seeking a new narrative for Pompano Beach. The upcoming Salato Residences, a 10-story development by U.S. Development, will offer waterfront living with penthouses designed by Randall Stofft Architects and interiors by Steven G., adding to the city’s appeal as a burgeoning luxury real estate market.
With Broward County’s ultra-luxury real estate market on the rise, Hillsboro Beach and Pompano Beach have emerged as prime destinations for developers seeking to create upscale properties with oceanfront views. These cities offer a mix of small-town charm and luxury amenities, making them attractive to affluent buyers looking for a beachfront escape near major urban centers. The success of recent luxury condominium projects in Pompano Beach, such as Solemar and Casamar, has fueled further development in both cities, with new high-rise projects like Waldorf Astoria Residences Pompano Beach and Salato Residences poised to reshape the local real estate landscape. With transformative developments and a surge in interest from developers, Hillsboro Beach and Pompano Beach are undergoing a renaissance as sought-after luxury real estate markets in South Florida.