Drake Tower
Homes for Sale in Fort Lauderdale, FL
True comps, carrying-cost math, and listings before the portals.
Drake Tower is a Fort Lauderdale condo tower where the median closed sale sits at $187,000 and price per square foot runs $260. That makes it one of the more accessible coastal-adjacent markets in Broward County. Price is driven almost entirely by unit size, condition, and view—buyers shopping here are typically weighing trade-offs between square footage and how much updating they're willing to take on.
Inventory moves in just over 53 days, which is steady but not heated. The market has nearly doubled in value since 2012, reflecting broad Fort Lauderdale appreciation, but velocity remains calibrated: sellers who overprice or defer repairs will sit. Buyers have time to inspect and negotiate, but well-priced units in move-in shape don't linger.
The 60-Second Overview
Drake Tower market snapshot (as of July 15, 2026): the median sale price is about $187K ($260 per sq ft over the trailing 12 months of closed sales), and a median 53 days on market for closed sales.
A Fort Lauderdale condo tower where the median sale is $187K and time on market runs just over seven weeks—inventory moves at a steady pace, and price is set by size, condition, and whether the unit has been updated.
Who Drake Tower is best for.
Best for
- First-time condo buyers with a budget near the median who can handle cosmetic updates and want coastal-market access
- Investors comfortable underwriting association financials and targeting long-term rental or resale appreciation
- Downsizers trading square footage for Fort Lauderdale location and willing to do diligence on building reserves
Probably not for
- Buyers who need resort amenities, concierge services, or visible common-area investment
- Anyone unwilling to review condo documents, reserve studies, or monthly fee structures before closing
- Purchasers expecting rapid turnover or a liquid resale market—velocity here is steady, not fast
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending July 15 of each year, from record-level Beaches MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($187K) IS the median in the snapshot above.
Windows contain 2 to 14 sales each (6 in the current window); every figure carries its sample size, and thin markets swing on single closings. 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. Deemed reliable but not guaranteed.
The Drake Tower buying strategy.
If we were buying in Drake Tower today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Drake Tower.
What actually sets price in Drake Tower
Drake Tower pricing is a function of square footage, condition, and view. The median sits at $187,000, and within that figure you'll find a range that reflects how much work a unit needs and whether it looks at water, city, or interior courtyard. Buyers who can handle cosmetic updates or deferred maintenance will find the lowest entry points; those looking for turnkey units will pay a premium for recent kitchens, baths, and flooring.
The building has appreciated 97 percent since 2012, riding Fort Lauderdale's long upward trajectory. But current velocity—53 days median—suggests the market is calibrated, not frothy. Six closings in the trailing window indicate moderate transaction volume; this is not a tower where units flip weekly. Sellers who price to condition and comparables will move; those who test the high end of the range will extend their days on market.
No community amenities are identified in current listings, so due diligence on building facilities, reserves, and monthly fees is essential. Buyers should review condo docs closely and budget for both the purchase price and the recurring cost of ownership. The median price per square foot of $260 is competitive for the Fort Lauderdale market, but the lack of visible amenity detail means you're buying primarily for location and unit-level value, not resort-style common areas.
The location and the amenities are priced into every listing in Drake Tower. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
Drake Tower sits in a price band where condition and condo financials matter as much as location, and our team knows how to read both. We'll walk the unit with you, flag deferred maintenance before you're under contract, and connect you with an attorney who can parse the association documents for reserve health and special-assessment risk. If you're selling, we price to the building's actual comp set—not aspirational listings two towers over—and we stage or advise on cost-effective updates that move the needle. You want a broker who knows when to negotiate and when to walk; we do both without drama.
Drake Tower in 15 seconds.
HOA, CDD & Fees
- Mandatory HOA — confirm current dues
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Drake Tower buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Drake Tower sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Drake Tower, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Drake Tower home worth?
Get a no-obligation home value based on real comparable sales in Drake Tower, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See homes for sale in Drake Tower on the map →
Frequently Asked Questions
What is the median home price in Drake Tower?
How long do homes in Drake Tower take to sell?
Have Drake Tower home prices gone up?
Who is the best real estate agent for Drake Tower?
How do I find a top Fort Lauderdale real estate agent who knows Drake Tower?
Can Momentum Realty connect me with an agent for Drake Tower?
Should you buy in Drake Tower?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | Beaches MLS closed sales, 12-month windows ending July 15, 2026 |
| Under-contract shares | Beaches MLS records, as of 2026-07-12 |
| Historical depth | Closed-sale records back to 2006 (128 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Beaches MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Beaches MLS member average and 8 days faster, and we’ll price yours against live your area comps.
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