A waterfront property in Fort Lauderdale’s Las Olas Isles has entered the market with a $100 million asking price, even though the mansion at its center has yet to be built.
The offering at 708 Royal Plaza Drive is for a 40,162-square-foot point lot at the end of the street, with 548 feet of water frontage and views toward downtown Fort Lauderdale. Plans call for a 15,185-square-foot residence designed by Tao and to be built by Bomar Builders, with completion expected in 2028, according to Realtor.com’s Oct. 20 report.
The price puts the property among Fort Lauderdale’s most expensive listings. But it is an asking price attached to a proposed project, not a completed home or a recorded sale. That distinction matters in a market where high-profile waterfront offerings are increasingly testing the value of rare sites and plans for new construction.
What the $100 million offering includes
The site occupies the tip of a point lot, giving it an unusually long stretch of waterfront and open views. The proposed residence is planned with seven bedrooms, 11 bathrooms and a five-and-a-half-car garage. Realtor.com reports that the design includes water-facing living and dining areas, guest accommodations, a home office, covered patios and terraces.
At the asking price, the $100 million figure works out to roughly $6,585 per planned square foot of interior space. That calculation is a way to understand the scale of the ask; it is not a completed-home sale comparison. The offer combines a specific waterfront site with a proposed residence that is still years from its expected completion.
The listing reference for the property identifies it as MLS B26088169. Buyers considering a project at this level would be evaluating more than the floor plan: the site, design, construction timeline and delivery of the finished estate all shape what the asking price represents.
An ask is not a market record
Fort Lauderdale’s recent luxury activity provides context, but it does not make the $100 million listing a sale-price benchmark.
In 2024, financier Donald Sussman’s waterfront estate at 5 Harborage Isle sold for $70 million. The reported transaction was described as a Fort Lauderdale residential record. The property was a large estate with significant waterfront, and coverage reported that the buyer planned to replace the existing house. That deal showed how valuable a major waterfront site could be, even when the buyer’s plans extended beyond the home standing on it.
More recently, a reported $42.7 million purchase of a point lot at 1818 SE 10th Street added another high-value land transaction to the city’s waterfront story. The coverage of that purchase concerned a site and redevelopment opportunity, not a like-for-like sale of a completed mansion.
Those transactions are useful reference points, but they are not direct comps for 708 Royal Plaza Drive. A land purchase, a finished estate sale and an asking price for a planned home measure different things. The $100 million listing has not established that a buyer will pay that amount, or that the home will ultimately trade at a comparable price per square foot.
A broader pipeline of trophy homes
The Las Olas Isles property is part of a visible wave of ambitious luxury projects in Fort Lauderdale. Other proposed or marketed offerings include an approximately $80 million estate at Banyan Point and a planned waterfront home asking $55 million at Ember House. Both have been covered as projects or listings, rather than completed sales: The Manor at Banyan Point and Ember House.
Together, these offerings suggest that developers and sellers see room to position select Fort Lauderdale waterfront properties at prices once associated with a narrower set of South Florida trophy markets. But asking prices alone do not show how deep buyer demand is. A project can draw attention at launch and still face the usual tests of construction, timing and eventual sale.
For the top end of the market, the appeal is specific: waterfront access, unusual lot geometry, privacy and a new home designed around its setting. At 708 Royal Plaza Drive, the combination is the point lot, its long water frontage and the planned scale of the estate. Those qualities distinguish the property from a standard luxury listing, while also making simple price comparisons less useful.
What buyers and sellers will be watching
A proposed home expected in 2028 carries a different set of considerations from a finished residence available for immediate occupancy. Buyers will need to assess the plans and construction schedule alongside the land and waterfront features. The listing price by itself does not establish the total cost, the final delivered product or the terms under which a buyer would acquire the project.
For sellers and builders, the listing is a test of how the market values a large, strategically positioned waterfront site paired with a new-build concept. For other owners with similarly rare properties, the eventual response, whether the property sells, at what price and at what stage of construction, may be more informative than the headline number.
The offer also sits within a regional real estate story that spans very different places, from the Everglades to South Florida’s urban waterfronts. Here, the premium is tied specifically to Fort Lauderdale’s canal-front setting and the proposed estate; it should not be read as a general measure of home values across Broward County.
The $100 million ask is a bold marker for Fort Lauderdale’s luxury pipeline, but the market’s verdict will come later. Until a transaction closes, it remains an ambitious offer built around a rare site and a house that exists on paper, not a new record sale. For more local property coverage, see the South Florida Digest real estate section.
