Fort Lauderdale - 2028 Selene trade: the beach reprices!

by Craig Bujnowski

What happens if Fort Lauderdale Beach’s luxury market keeps repricing higher through 2028? Selene is already completed and move-in ready, while the next wave of luxury development could establish substantially higher pricing benchmarks. The investment question is simple: what is Selene worth if the market eventually assigns it a higher $/SF multiple?

2,000 SF × $1,800/SF = $3.60M
2,500 SF × $1,800/SF = $4.50M
3,000 SF × $1,800/SF = $5.40M
Buying at $1,300/SF and eventually selling at $1,800/SF represents approximately 38% gross price appreciation.
That’s a $500/SF valuation spread — worth $1.25M on 2,500 SF before transaction costs, carrying costs and taxes.
Selene’s residences extend from roughly 2,200 SF to more than 5,000 SF, making relatively small changes in $/SF potentially meaningful in absolute dollars.

2028 UPSIDE SCENARIOS — 2,500 SF

$1,300/SF entry = $3.25M

$1,500/SF → $3.75M | +$500K | +15%

$1,600/SF → $4.00M | +$750K | +23%

$1,800/SF → $4.50M | +$1.25M | +38%

POTENTIAL UPSIDE:
The bull case isn’t dependent on Selene becoming the most expensive building on Fort Lauderdale Beach. At a hypothetical $1,800/SF, a 2,500-SF residence bought around $1,300/SF creates approximately $1.25M of gross theoretical appreciation.

That’s the 2028 Selene trade: buy the basis before the beach potentially reprices.

Craig Bujnowski
Luxury Waterfront & Las Olas Condo Advisor
@craigbuj | 617-784-7504