FORT LAUDERDALE - SERENE vs. ST. REGIS BAHIA MAR

SERENE vs. ST. REGIS BAHIA MAR

FORT LAUDERDALE LUXURY WATERFRONT CARRYING COST SHOWDOWN

CRAIG BUJNOWSKI
Luxury Waterfront Real Estate Advisor
Engel & Völkers Fort Lauderdale
617-784-7504 | Instagram: @craigbuj

1. SERENE 

BOUTIQUE WATERFRONT LUXURY

Residence 402-S — $3,972,320

• Interior: 2,960 SF
• Price/SF: $1,342
• Bedrooms: 4
• Bathrooms: 4.5
• Monthly HOA: $2,720
• Annual HOA: $32,640
• Estimated Annual Taxes: $79,446

TOTAL CARRYING COST

MONTHLY: $9,340

ANNUAL: $112,086

FIVE YEARS: $560,432

TEN YEARS: $1,120,864

ANNUAL CARRYING COST/SF: $37.87 

2. ST. REGIS BAHIA MAR

BRANDED LUXURY WATERFRONT RESIDENCES

Residence 1802 — $5,770,625

• Interior: 2,611 SF
• Price/SF: $2,210
• Bedrooms: 3 + den
• Bathrooms: 3.5
• Monthly HOA: $5,265
• Annual HOA: $63,180
• Estimated Annual Taxes: $115,413

TOTAL CARRYING COST

MONTHLY: $14,883

ANNUAL: $178,593

FIVE YEARS: $892,963

TEN YEARS: $1,785,925

ANNUAL CARRYING COST/SF: $68.40

3. THE SERENE CARRYING COST ADVANTAGE

SERENE VS. ST. REGIS

SERENE COSTS APPROXIMATELY:

• $5,542 LESS PER MONTH
• $66,507 LESS PER YEAR
• $332,531 LESS OVER FIVE YEARS
• $665,061 LESS OVER TEN YEARS

THE BIG NUMBER

$665,000

Estimated 10-year HOA and property tax savings from owning Serene instead of St. Regis.

Serene also offers approximately 349 additional interior square feet at a substantially lower acquisition price.

4. HOA COMPARISON

SERENE

• Monthly HOA: $2,720
• Annual HOA: $32,640
• Monthly HOA/SF: $0.92

ST. REGIS

• Monthly HOA: $5,265
• Annual HOA: $63,180
• Monthly HOA/SF: $2.02

THE DIFFERENCE

ST. REGIS HOA FEES ARE APPROXIMATELY 94% HIGHER IN TOTAL.

On a square-footage basis, St. Regis HOA expenses are approximately 120% higher.

Investor takeaway: Serene provides a potentially more economical ownership structure for buyers who do not require the extensive services of a branded resort.

5. TEN-YEAR ACQUISITION + CARRYING COST

SERENE

• Purchase Price: $3,972,320
• Ten-Year HOA + Taxes: $1,120,864

TOTAL: $5,093,184

ST. REGIS

• Purchase Price: $5,770,625
• Ten-Year HOA + Taxes: $1,785,925

TOTAL: $7,556,550

THE BIG NUMBER

$2.46 MILLION

Estimated difference in purchase price plus 10 years of HOA and property taxes.

Serene requires approximately $2.46 million less capital over that period, before considering resale proceeds or other ownership expenses.

6. THE INVESTMENT CONCLUSION

WHY PAY MORE FOR LESS SPACE AND HIGHER CARRYING COSTS?

SERENE — $3.97M

• Approximately 2,960 SF.
• Boutique waterfront development.
• Private boat slip.
• Approximately $112K annual HOA and taxes.

ST. REGIS — $5.77M

• Approximately 2,611 SF.
• International luxury hospitality brand.
• Planned beach club and marina amenities.
• Approximately $179K annual HOA and taxes.

THE WALL STREET TRADE

BUY THE WATERFRONT. KEEP THE CAPITAL.

THE INVESTOR ADVANTAGE: SERENE OFFERS MORE SPACE, LOWER ACQUISITION COSTS AND APPROXIMATELY $665,000 IN ESTIMATED TEN-YEAR CARRYING COST SAVINGS.

CRAIG BUJNOWSKI
Luxury Waterfront Real Estate Advisor
Engel & Völkers Fort Lauderdale
Call/Text: 617-784-7504
Instagram: @craigbuj

PRIVATE PRICING & SHOWINGS — DM CRAIG