St. Regis Bahia Mar could help establish a new luxury benchmark for Fort Lauderdale Beach.  But investors don’t necessarily have to pay the branded-residence premium to benefit from that repricing. Selene offers a different trade: buy a completed oceanfront residence at a lower basis and potentially benefit if the valuation gap compresses. St. Regis is now selling, with residences starting at $3M, while Selene is completed and in its final developer release. 

  • A hypothetical ~$1,300/SF Selene basis versus substantially higher branded-residence pricing creates the relative-value thesis.
  • A $500/SF repricing × 2,500 SF = $1.25M of theoretical appreciation.
  • Even a $300/SF repricing = $750,000 of additional theoretical value on 2,500 SF.
  • Selene buyers get a completed, move-in-ready building today, eliminating years of construction timing risk. 
  • St. Regis brings the brand, butler service, beach club and a major marina accommodating yachts up to 350 feet - precisely the type of ultra-luxury product that could push Fort Lauderdale Beach’s pricing ceiling higher. 

THE RELATIVE-VALUE TRADE — 2,500 SF

Selene @ $1,300/SF = $3.25M

Selene @ $1,500/SF = $3.75M | +$500K

Selene @ $1,600/SF = $4.00M | +$750K

Selene @ $1,800/SF = $4.50M | +$1.25M

POTENTIAL UPSIDE:
The 2028 thesis isn’t that Selene becomes St. Regis.

It’s that Fort Lauderdale Beach’s luxury ceiling rises, while Selene’s discount potentially narrows.

A move from $1,300 → $1,800/SF would represent approximately 38% gross appreciation, or $1.25M on a 2,500-SF residence, before transaction costs, carrying costs and taxes.

Buy the discount. Let the new luxury developments establish the comps.