Momentum Housing Data · Home Values · Broward County
Buying here? See Drake Tower homes for sale and the Drake Tower community guide (Fort Lauderdale).
Drake Tower (Fort Lauderdale, FL): 6 recorded closings in the 12 months ending 2026-07-15, a 14-year price record, and the year-by-year record — every number from recorded MLS closings, none from an estimate model.
In the current window, sellers accepted a median 91.3% of original asking; the median sale took 53 days (window ending 2026-07-15).
| Year | Median sold | Median $/sqft | Median DOM | Sold ÷ original ask | Sales |
|---|---|---|---|---|---|
| 2026 | $187,000 | $260 | 53 | 91.3% | 6 |
| 2024 | $227,000 | $271 | 67 | 88.6% | 4 |
| 2023 | $280,000 | $290 | 27 | 96.5% | 7 |
| 2022 | $250,000 | $262 | 14 | 93.2% | 7 |
| 2021 | $167,000 | $194 | 19 | 97.1% | 14 |
| 2020 | $155,000 | $182 | 19 | 94.8% | 7 |
| 2019 | $152,000 | $179 | 35 | 92.2% | 9 |
| 2018 | $139,500 | $164 | 58 | 91.9% | 12 |
| 2017 | $189,250 | $176 | 78 | 94.0% | 4 |
| 2016 | $165,000 | $181 | 25 | 94.6% | 8 |
| 2015 | $149,500 | $158 | 72 | 81.3% | 4 |
| 2014 | $188,000 | $179 | 37 | 94.0% | 5 |
| 2013 | $149,312 | $140 | 30 | 91.2% | 6 |
| 2012 | $95,000 | $110 | 34 | 85.4% | 9 |
Over the recorded series, Drake Tower’s median sold price moved from $95,000 (2012) to $187,000 (12 months ending 2026-07-15) — +97% over that span, with every year’s figure from recorded closings, not a model.
The recorded series starts in 2012 at $95,000. The 2020–22 run-up did what it did everywhere — Drake Tower’s median moved +64% from 2019 to 2022. Against the 2023 peak of $280,000, the current median stands at -33%. Annual sales volume here has ranged from 2 to 14 closings a year (10-yr average 7.2). With roughly 7.2 closings a year, Drake Tower’s medians move in steps, not curves — a handful of unusual sales can swing a year, which is why the sales count sits next to every figure above.
At Drake Tower’s $187,000 median and Broward County’s adopted 19.84 mills (FY2025-26), a home assessed at that price carries roughly $3,710 a year in property tax before exemptions, or about $2,880 with the full Florida homestead exemption — a buyer’s first-year figure; a long-time owner’s Save Our Homes cap can be far lower, which is one reason resale taxes jump at closing. Municipal and special-district millage varies inside the county; see the Broward County tax page.
The table above is the closed-sale record to price a Drake Tower home against; asking prices are an opening position, recorded closings are the value.
We don’t publish algorithm guesses for specific homes — they can’t see condition, upgrades, or your lot. A local agent will prepare a records-based valuation from the same closed-sale data on this page, adjusted for your home. Free, no obligation.
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Communities buyers shopping Drake Tower are also weighing (same city (Fort Lauderdale)), each on its own recorded 12-month closings. A median well above the neighbors is a ceiling to price against; well below is where the value argument lives.
| Community | Median sold | Median $/sqft | Median DOM | Sales |
|---|---|---|---|---|
| Breakwater Towers | $183,500 | $228 | 180 | 4 |
| Villas At Lakeview Condo | $192,500 | $207 | 86 | 4 |
| Victoria Park Tower | $180,000 | $224 | 27 | 3 |
| Lauderdale Tennis Club | $198,750 | $199 | 204 | 6 |
More Drake Tower: full community guide & homes for sale · choosing an agent here · should you sell now (statewide data) · what selling costs · cash offer vs. listing
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. Compiled from recorded MLS closings; deemed reliable but not guaranteed. Figures are medians for the stated windows and change as new sales record; individual homes vary widely. No automated valuation for any specific property appears on this page. Equal Housing Opportunity. © 2026 Move With Momentum LLC — brokerage licensed in FL and GA. Disclosures
Content on this page is compiled from public records, MLS data, and automated data sources, and may contain errors or be out of date. It is provided for general information only and is not a representation about any specific property, community, builder, or association. Verify all information independently before relying on it.