Las Olas by the River in Fort Lauderdale

Las Olas by the River Homes for Sale in Fort Lauderdale, FL

Fort Lauderdale · Broward County

A downtown condo community by the New River and Riverwalk, walkable to Las Olas, with resort amenities.

Downtown condosWalk to Las OlasResort amenities
Live Market Pulse
32/100
Momentum
Buyer's Market
Tight supply keeps sellers in control, but dated interiors still trade at a discount, so condition is where buyers win.
Free · No obligation
Unlock Off-Market Las Olas by the River

Listings before the portals, true comps, and the renovation and carrying-cost math, before you tour.

Built fromLive BeachesMLS data14 years of closingsLocal renovation analysisUpdated twice daily
LiveMarket PulseBeachesMLS
$363K
Median Price
14mo
Supply
232days
Avg DOM
Soft
Seller Leverage
$345/sf
Median $/Sqft
n/a
1-Yr Price Change
0now
Distress
Jon Brooks, founder of Momentum Realty
Jon's Current Read

"Las Olas by the River is a 2001 mid-rise condo community in the heart of downtown Fort Lauderdale, steps from the New River, the Riverwalk, and Las Olas Boulevard. The appeal is a walkable, lock-and-leave downtown lifestyle with resort amenities at a more attainable price than the high-rise luxury towers. The read is condo-style with a newer-than-most profile: the floor plan, the floor, and the exposure drive the spread, and the association's reserves and fee inclusions are the key carrying-cost and risk items. Confirm the reserves, inspection status, and leasing rules, and comp by floor plan, because the walkable downtown location is the durable draw."

Jon Brooks, founder, Momentum Realty · Updated June 2026

The 60-Second Overview

Las Olas by the River market snapshot (as of June 15, 2026): the median sale price is about $363K ($345 per sq ft), with homes averaging 232 days on market and 14.0 months of supply, a buyer's market. Based on 6 recent closings in live BeachesMLS data.

Las Olas by the River is a condominium community in downtown Fort Lauderdale (ZIP 33301) at 520 SE 5th Avenue, completed in 2001, built as three seven-story towers with about 241 units.

Units range from roughly 750-square-foot one-bedrooms to about 1,462-square-foot larger residences, in a walkable setting two minutes from the New River, the Riverwalk, the Water Taxi, and Las Olas Boulevard.

Amenities are resort-oriented: a pool, jacuzzi, poolside grills and cabanas, a fitness center, a library, a pool room, a party room, a business center, secure building access, and garage parking.

The HOA covers building operations and amenities. Because the buildings are early-2000s, near-term structural risk is lower than older condos, but Florida's reserve and inspection rules still apply. Value turns on the floor plan, the floor, condition, and the association's reserves; the downtown walkability is the durable draw.

Best for

  • Buyers who want a walkable downtown Fort Lauderdale condo steps from Las Olas and the Riverwalk
  • Buyers who want resort amenities and lock-and-leave living
  • Buyers who prefer a mid-rise at a more attainable price than the luxury high-rises
  • Buyers comfortable owning in an early-2000s condo with an active association

Probably not for

  • Buyers who want a single-family home, a yard, or no HOA
  • Buyers who want a waterfront-with-dock or beachfront home
  • Buyers who want suburban quiet rather than a downtown setting
  • Buyers unwilling to read the association's reserves and rules

How Las Olas by the River is performing right now

32/100
momentum
Buyer's Market
Seller's marketBalancedBuyer's market
14Months of supplytight
247Median days on marketdays
0 : 7Under contract vs for salestrong demand
6Sold in last 12 monthsliquidity
+9%Asking vs recent sold $/sqftroom to negotiate

Tight supply and strong demand favor sellers here. Homes still take about two months to sell, though, and with asking prices running above recent sales per square foot, a prepared buyer has room on anything overpriced. Reading each home against the real comps, not the headline trend, is where the edge is.

Live from BeachesMLS, as of June 15, 2026. Refreshed twice daily. Months of supply, days on market, and the contract-to-listing ratio are computed from current Las Olas by the River listings and the trailing twelve months of closed sales.

8.6A- score
Momentum intelligence
Momentum buy score

Our proprietary read on how a home in Las Olas by the River buys, holds, and resells. See the five factors.

Homes For Sale Right Now in Las Olas by the River

Live MLS inventory for Las Olas by the River. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.

Active and pending Las Olas by the River listings as of 2026-06-15, priced high to low. 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.. Tap any home to ask about it.

Listing locations from BeachesMLS; lot type inferred from listing descriptions. Destination pins are approximate. Map data © OpenStreetMap, tiles © CARTO. Flood, school, and commute overlays are on the roadmap.

The takeaway

The location is the everyday-convenience case: shopping, schools, and the major roads are all a manageable drive.

Las Olas Boulevard and the Riverwalk~2 to 5 min walk · dining and shops
Downtown Fort Lauderdale core~5 min · offices, culture, courts
Fort Lauderdale beach (Atlantic Ocean)~10 to 15 min · east on Las Olas
I-95 (Broward Blvd or Davie Blvd)~8 to 12 min · approximate, varies with traffic
Brightline Fort Lauderdale station~5 to 10 min · regional rail
Fort Lauderdale-Hollywood (FLL)~15 to 20 min · south via US-1 or I-95

Distances and drive times are approximate and vary with traffic. Confirm your real commute at your real departure time.

Nearby Communities

Explore more neighborhoods near Las Olas by the River Homes for Sale in Fort Lauderdale, FL with Momentum Realty’s local guides.

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Browse all Florida neighborhood guides →

Carrying cost · the no-CDD edge

No CDD bond means thousands less per year than newer master plans.

Typical CDD community~$2,500/yr
Las Olas by the River (no CDD)$0/yr

Roughly $25,000 saved over 10 years in carrying cost, before resale.

Illustrative. NE Florida CDD assessments commonly run $1,500-$3,500+/yr and vary by community; verify per property.

Schools

15-Second Take
  • Broward County Public Schools
  • Verify the zoned schools by address
  • Magnet and choice options may be available
  • Confirm current ratings before relying on them
  • Private and parochial options nearby

Las Olas by the River is served by Broward County Public Schools. Assignment is by address and can change, so confirm the exact zoned elementary, middle, and high schools for any specific home, plus any magnet or choice options. Treat published ratings as a starting point, not the full story.

Buying with schools in mind? We can confirm the exact zoned schools for any Las Olas by the River address.

The takeaway

What is actually shaping value at Las Olas by the River, sourced and dated. We do not publish rumor.

Recent Developments in Las Olas by the River

Our read on what is being built around Las Olas by the River, scored for direction, significance, and how close the effect lands. The full sourced timeline follows below.

Net OutlookBullishThe structural story is a walkable early-2000s downtown condo community with resort amenities, where the floor plan, floor, and reserves drive value. The watch items are the HOA trajectory and the association's reserves.

Walkable downtown location by the Riverwalk

BullishSteps to Las Olas, the New River, and the Riverwalk in the heart of downtown supports durable demand. impact
SignificanceRadius: Building

Walkable downtown location by the Riverwalk

Early-2000s mid-rise stock

NeutralNewer than older condos, lowering near-term structural risk, though Florida's reserve and inspection rules still apply; confirm the books. impact
SignificanceRadius: Association

Early-2000s mid-rise stock

Resort amenities at a mid-rise price

BullishResort amenities and secure parking at a more attainable price than the luxury high-rises support demand. impact
SignificanceRadius: Building

Resort amenities at a mid-rise price

Direction, significance, and effect-radius ratings are Momentum's proprietary, qualitative read of the sourced items below, not investment advice or a prediction for any specific home.

Development, infrastructure, retail, and school activity affecting Las Olas by the River, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated June 2026.

Showing the latest, scroll for all updates ↓

  1. 2001
    Building

    Las Olas by the River completed downtown

    Building profiles describe Las Olas by the River as three seven-story towers with about 241 units completed in 2001 at 520 SE 5th Avenue in downtown Fort Lauderdale, steps from the New River, Riverwalk, and Las Olas, with a pool, fitness center, and secure garage parking. Why it matters: The downtown walkability and amenities are the draw; confirm the association's reserves, fee inclusions, and leasing rules, and read the floor plan and floor. Source

Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.

If we were buying in Las Olas by the River, this is the order of operations we would run, and the one we run for our clients.

1

Read the association's reserves and inspection status. Even on early-2000s stock, confirm reserves, the milestone inspection status, and any assessments.

2

Confirm the fee and inclusions. Verify the monthly fee, what it covers, and any assessments for the exact unit.

3

Confirm leasing rules. Verify the minimum lease term and any rental caps, which matter for owners and investors.

4

Weigh the floor plan, floor, and exposure. Higher floors and better exposures carry premiums; confirm what a unit faces.

5

Comp within the building. Price against the closest in-building sales of the same plan and floor.

Best Buy
An updated unit on a higher floor with a good exposure in a building with healthy reserves, priced to comparable in-building sales.
Biggest Risk
Overpaying for a lower or less-desirable exposure, or underbudgeting a reserve item.
Best Lot
Higher floors and river or city exposures hold value over lower, interior units.
Smart Timing
Confirm the association's reserve status before you commit.
The takeaway

On mobile, tap any heading below to open it. This is the home by home, lot by lot, club and renovation detail, organized so you can jump straight to what matters to you.

Community Details at a Glance

Las Olas by the River is a condominium community in downtown Fort Lauderdale at 520 SE 5th Avenue, completed in 2001 as three seven-story towers with about 241 units, ranging from roughly 750-square-foot one-bedrooms to about 1,462-square-foot larger residences. It sits two minutes from the New River, the Riverwalk, the Water Taxi, and Las Olas Boulevard, with resort amenities including a pool, jacuzzi, poolside grills and cabanas, a fitness center, a library, a pool room, a party room, a business center, secure access, and garage parking. Because it is early-2000s, near-term structural risk is lower than older condos, though Florida's reserve and inspection rules still apply. Confirm the association's reserves, fee inclusions, leasing rules, and the floor plan and floor before relying on them.

The takeaway

Three honest price bands. Condition and lot, not the square footage alone, decide where a home lands.

Entry: one-bedroom units
$281K to $298K

Smaller one-bedroom units, the more attainable way into downtown. Condition and the association's health drive value.

Lowest entry
Core: two-bedroom units
$298K to $464K

Two-bedroom units, the heart of the building. Floor, exposure, and condition set where these land.

Most inventory
High: larger high-floor units
$464K to $525K

The larger floor plans on higher floors with the best exposures, the top of the building's range. Move-in condition and the view drive the premium.

Strongest resale

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

$281K to $298K
Entry: one-bedroom units
Smaller one-bedroom units, the more attainable way into downtown. Condition and the association's health drive value.
$298K to $464K
Core: two-bedroom units
Two-bedroom units, the heart of the building. Floor, exposure, and condition set where these land.
$464K to $525K
High: larger high-floor units
The larger floor plans on higher floors with the best exposures, the top of the building's range. Move-in condition and the view drive the premium.

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

15-Second Take
  • Renovation math decides the deal
  • Better lots and views resell strongest
  • Roof and HVAC age drive the insurance quote
  • Interior lots are where buyers overpay
Jon Brooks, Momentum Realty
Operator Note

Most buyers overpay on interior lots in the back half of the community. A sharp renovation can distract you, but the weaker resale position follows the lot, not the finishes. We read the homesite before the kitchen.

No CDD on the tax billStrong
Central Fort Lauderdale locationStrong
Scarce golf and lake homesitesStrong
$30M club reinvestment to 2028Positive
All-resale 1990s conditionManage it

Momentum analysis based on the community's structure, location, lot scarcity, and housing stock. Not a guarantee of future value.

Jon Brooks, Momentum Realty
Operator Note

The strongest value pocket is usually a renovated home on a good lot priced just under the next tier up. Buyers chasing the single biggest house often pay top prices for what is really a renovation project.

5 Mistakes Buyers Make in Las Olas by the River

15-Second Take
  • Calling the listing agent (who works for the seller)
  • Misjudging the renovation budget
  • Overpaying for an interior lot
  • Underbudgeting the carrying costs
  • Skipping the roof, HVAC, and systems check

The same five mistakes cost buyers the most in any market. Every one is avoidable with the right preparation before you tour.

The walk to Las Olas and the Riverwalk is the draw. The deal is won or lost on the floor plan, the floor, and the association's reserves.

Jon Brooks · Founder, Momentum Realty
8.0B+ · Buy Score
Resale Strength8.0/10
Renovation Risk4.8/10
Location Efficiency9.2/10
Long-Term Defensibility7.8/10
Carrying Cost Advantage7.0/10

Momentum Intelligence Scores are our proprietary, qualitative assessment based on the analysis on this page, on a 0 to 10 scale. They are a framework for comparing communities, not a guarantee of future value or advice on a specific home.

Why our read on Las Olas by the River is different.

Most pages on this community are an automated estimate wrapped in stock copy. This one is built from the live BeachesMLS feed, fourteen years of closed sales, and a renovation-by-renovation read of what actually moves value here, lot by lot. No Zestimate, no guesswork.

Live BeachesMLS feed14 years of closed salesRenovation-premium analysisLot-by-lot, no automated estimates
Jon Brooks, founder of Momentum Realty. A housing economist with a background in real estate investment banking at Deutsche Bank and consulting at Ernst & Young, who has built and analyzed Northeast Florida real estate from the ground up.

Which Lots & Views Hold Value Best

Where the value actually sits. Each home is shaded by its price per square foot (a value read, not just a price) and ringed by lot type, so you can see at a glance which pockets carry a real, durable premium and where a renovation play makes sense.

Value ($/sqft)
$261 value$401 premium

Fill = price per square foot; ring = by realized $/sqft per unit. Sold homes are shown by realized $/sqft (lot type not always recorded). Asking and recent-sold figures from BeachesMLS; for orientation, not an appraisal.

15-Second Take
  • Higher floors and better exposures hold value best
  • Updated units beat lower, dated ones
  • Early-2000s stock lowers near-term structural risk
  • The walkable downtown location is the durable draw
  • Comp by plan and floor, not the area average

At Las Olas by the River the value driver after condition is the unit's floor plan, floor, and exposure, with early-2000s construction keeping near-term structural risk lower than older condos. Higher-floor units with better exposures hold value over lower, interior ones, and the association's reserves still matter. Compare a unit against the closest in-building sales of the same plan and floor, and weigh the reserves and the downtown walkability alongside the finishes.

Las Olas by the River in 15 seconds.

Best forBuyers who want a walkable downtown Fort Lauderdale condo steps from Las Olas and the Riverwalk.
Strong onA prime downtown location, early-2000s mid-rise stock, resort amenities, and secure garage parking.
WatchThe association's reserves and inspection status, the fee, the leasing rules, and the floor and exposure.
Not forBuyers who want a single-family home, beachfront, suburban quiet, or no HOA.
The edgeEarly-2000s downtown stock with resort amenities lowers near-term structural risk relative to older condos.

HOA, CDD & Fees

15-Second Take
  • Early-2000s downtown mid-rise, about 241 units
  • Steps to Las Olas, the New River, and the Riverwalk
  • Resort amenities and secure garage parking
  • Confirm reserves and milestone inspection status
  • Confirm the leasing rules and fee inclusions

The monthly fee covers building operations and amenities; confirm the current amount, what it covers, the reserve status, the milestone inspection status, and any assessments for the exact unit.

Reported to cover building maintenance, the amenities, secure access, and common areas, with utilities and other items varying; confirm the exact inclusions for a specific unit.

Amenities are reported to include a pool, jacuzzi, poolside grills and cabanas, a fitness center, a library, a pool room, a party room, a business center, secure access, and garage parking, oriented to urban lock-and-leave living.

The takeaway

Selling here is won on condition and view, not the Zestimate. The right number comes from closed comps matched to your renovation level and lot.

Momentum listings (YTD)
97.98%
Sold-to-list ratio across our market for our agents, sellers keeping more of their price.
Market average (YTD)
96.73%
The broader metro average sold-to-list ratio over the same period.
Momentum days on market
64 days
Median days on market for our listings, faster sales mean less carrying cost and stronger leverage.
Market days on market
72 days
The broader metro median over the same period.

Sold-to-list and days-on-market figures reflect Momentum Realty listings versus our market average, year to date. Your home's result depends on pricing, condition, lot, view, and preparation.

In Las Olas by the River, condition and view decide your number

Because buyers here are weighing your home against renovated comps and cross-shopping Las Olas by the River, a home priced to the community average instead of its true condition and view either leaves money on the table or sits. A renovated kitchen, newer roof and HVAC, and a golf or lake view all deserve to show up in your price, and a buyer pool reading renovation math needs to be shown why your home is worth it. We build that case with real comps and a pricing strategy for the current market.

What is your Las Olas by the River home worth?

Get a no-obligation home value based on real comparable sales in Las Olas by the River matched to your condition, lot, and view, 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 Las Olas by the River on the map →
Or get your Las Olas by the River home value & selling guide →

Real comps, not a Zestimate.

Las Olas by the River Market Scorecard

Buyer's Market

Las Olas by the River is currently a buyer's market. About 14.0 months of supply, a median asking price of $350,000, and homes go under contract in about 247 days.

14.0
Months supply
$350,000
Median list
$363,250
Median sold
$345
Per sqft
247
Days on mkt
7/0/6
Active/Pend/Sold

Typical home value in the 33301 ZIP is $874,360, about 52.6% above the Florida norm (Zillow Home Value Index).

Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.

Live data: BeachesMLS, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.

Frequently Asked Questions

When was Las Olas by the River built?
It was completed in 2001 as three seven-story towers with about 241 units in downtown Fort Lauderdale.
What kinds of units are here?
Condos from roughly 750-square-foot one-bedrooms to about 1,462-square-foot larger residences.
What amenities does it have?
A pool, jacuzzi, poolside grills and cabanas, a fitness center, a library, a pool room, a party room, a business center, secure access, and garage parking.
What does the HOA cover?
Building operations and amenities; confirm the amount, inclusions, reserves, and any assessments for the exact unit.
How walkable is it?
Very. It is steps from Las Olas Boulevard, the New River, the Water Taxi, and the Riverwalk in the heart of downtown, with the beach about ten to fifteen minutes east.
Can I rent my unit?
Leasing is generally permitted; confirm the minimum lease term and any rental caps with the association before you buy.
Should I worry about assessments?
Less than at older condos given the 2001 construction, but Florida's reserve and inspection rules still apply. Review the reserves and any assessments before buying.
What schools serve the building?
It is part of Broward County Public Schools, though most buyers here are not focused on schools. Confirm any assignment by address with the district if relevant.
Is Las Olas by the River a good investment?
A walkable downtown condo with resort amenities supports demand, with value turning on the floor plan, floor, and the association's reserves. This is not a guarantee of future value.
Should I use the listing agent to buy here?
No. The listing agent works for the seller. Having your own representation to read the floor plan, the reserves, and the comps is the highest-leverage decision you make.
What is the area like?
It is the heart of downtown Fort Lauderdale, walkable to Las Olas, the Riverwalk, dining, and culture, with the beach and rail close by.
You want a walkable downtown Fort Lauderdale condo steps from Las Olas and the RiverwalkExcellent fit
You want resort amenities and lock-and-leave livingExcellent fit
You prefer a mid-rise at a more attainable price than the luxury high-risesExcellent fit
You are comfortable owning in an early-2000s condo with an active associationExcellent fit
You will read the association's reserves and leasing rulesExcellent fit
You want a single-family home, a yard, or no HOAProbably not
You want a waterfront-with-dock or beachfront homeProbably not
You want suburban quiet rather than a downtown settingProbably not
You are unwilling to read the association's reserves and rulesProbably not
You want a private equity club rather than building amenitiesProbably not

Get the inside read on Las Olas by the River

Whether you are buying a renovation project, comparing the lots and views, weighing the carrying costs, or selling your Las Olas by the River home, tell us what you need. Every inquiry comes straight to us. We represent you, not the seller, and what your agent is paid is negotiable and set in a written buyer agreement up front. No obligation, no spam, no high-pressure follow-up.

We respond personally, usually the same day.

You are all set.

A Momentum Realty Las Olas by the River specialist will reach out personally, usually the same day.

BeachesMLS logo
Photography on this page is sourced from active and recently sold MLS listings in this community and remains the property of the listing brokerage and/or photographer. Source: Listing photos provided by BeachesMLS, Inc. Information deemed reliable but not guaranteed.

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