Florida
The Affluent Are Flocking To Sea Ranch Lakes, Florida
Rising mortgage rates and a sluggish economy are no deterrents to the rich and famous when searching for their dream home. In fact, the world’s richest people own $2.7 trillion worth of real estate, according to Wealth-X, and they flock to many of the same cities to buy property.
The Village of Sea Ranch Lakes, Florida, located in the northeastern section of Greater Fort Lauderdale/Broward County, has become a magnet for the affluent. The community has garnered significant attention recently when soccer star Lionel Messi was spotted shopping at the Sea Ranch Lakes Publix, and reportedly house hunting in the area. Messi’s Inter Miami teammate Sergio Busquets recently purchased an $8 million home here. Homes are at a premium despite being listed near the $11 million mark in some instances.
The small gated community is surrounded by Pompano Beach to the north, Fort Lauderdale to the west and Lauderdale By The Sea to the south, with charming streets, beachfront dining and entertaining options. Incorporated in 1959, the village was named after the landmark Sea Ranch Hotel and the two man-made lakes within the community. Sea Ranch Lakes real estate includes waterfront homes and dry lot homes. All residents of Sea Ranch Lakes are members of the oceanfront Sea Ranch Beach Club where you’ll find an abundance of activities from beachside leisure to water adventures like boating, snorkeling and fishing.
The uber-exclusive village offers private access to Sea Ranch Lakes Beach and luxury amenities for residents including a pool and clubhouse. The tight-knit community is home to a little more than 200 houses and spans less than a half-square mile. The town has its own police force, guard-gated entrance with 24/7 officers on watch and its own mayor. Many of the homes are waterfront along a lake or the Intracoastal.
Dining options in the area include Aruba Beach Cafe, Blue Moon Fish Co, SeaWatch on The Ocean and Kaluz Fort Lauderdale.
“Sea Ranch Lakes has an old Florida vibe with a big personality boasting stunning homes and waterfront views,” says ONE Sotheby’s International Realty agent, Zorka Dobreva, who is a specialist in the community. “The Lakes in its namesake was later added to better describe the two lakes within the community. One of my top clients’ requests is housing in a neighborhood near a good school. I always recommend Sea Ranch Lakes because it’s a short distance from the nearby elite Pine Crest School. A gorgeous waterfront home, short commute and a grade-A school. What more could you ask for?”
According to Chad Carroll, founder of The Carroll Group at Compass, who with Spencer Zorn has a listing in the neighborhood approaching $11 million, it’s the safety, proximity and exclusivity that attracts the affluent. She says, “This is a community that has flown under the radar from the public for many years but Sea Ranch Lakes is no stranger to the affluent. The community is guard-gated and has its own dedicated police force which is a first-class perk for wealthy residents and a big draw for families looking for security. Boat lovers also flock here because there are ample waterfront homes and deep-water dockage. Homes rarely come to market in the neighborhood, so landing one is a significant feat.”
The neighboring city of Pompano Beach is currently undergoing a major face lift. New developments include The Ritz-Carlton Residences at Pompano Beach, Casamar Residences and Salato Residences, all featuring opulent accommodations. There is a Top Golf venue currently in the works, a cultural center, boardwalk and new restaurants.