Seven New Luxury Condos Are Reshaping Broward County's Real Estate Market

As a destination for luxury real estate, Broward County is often overshadowed by Miami. But over the past five years, new real estate developments have sprouted up throughout the county. With the Fort Lauderdale area no longer a tacky spring-break destination, rich people have flocked to Broward to invest in new properties (and even to live) because the price of new construction is significantly cheaper than in Miami (where prices are about $2,400 per square foot versus $929 in Broward). 

Development is not just on Fort Lauderdale Beach. New towers are going up in Hallandale, Hollywood, and even Sunrise, ringing in a new era of construction. These are the seven luxury skyrises that are reshaping Broward County's real estate market:

7. Apogee Beach
When it broke ground in 2011, Apogee Beach was the first new condo to begin construction in South Florida since the 2008 recession hit. It is a 24-story tower with 49 units built by the Related Group. It was completed in 2013 and ultimately paved the way for as many as 22 more towers in the Hollywood/Hallandale Beach area, including the Villas of Positano, a nine-story building with 62 units, and Positano Beach, a seven-story building with 17 units. 

6. Beachwalk Resort
Opened in May 2015 in Hallandale Beach, Beachwalk Resort has been called the city's biggest new development since Gulfstream Park. It's a 33-story luxury condo/hotel tower with 216 units with two suites that can be converted into one-bedroom hotel room when the owner isn't home. There are 84 private residences with access to a private lounge, bar, and rooftop pool. Prices range from $399,999 to $699,999. 

5. The Gale Boutique Hotel and Residences
A condo/hotel project by the Neward Development Group is coming to Bayshore Drive on Fort Lauderdale Beach. It's a 12-story building with 129 residences set to be completed by 2017.  Prices range from $400,000 to $1.2 million. The two-story building on the property will be a boutique hotel with 96 rooms.