TAMARAC AMONG GREATER FORT LAUDERDALE THRIVING REAL ESTATE MARKETS
Have you ever heard of Tamarac, Florida? If you’re keen to discover Greater Fort Lauderdale’s next great neighborhood, you should know Tamarac.
As the team leader of the South Florida real estate office called “The Gary Lanham Group, at Coldwell Banker, Fort Lauderdale Beach Office,” our clients often come to us for insights, leads, listings, and sales and marketing assistance with beachfront, waterfront, and other prized single family homes, condominiums, and rentals throughout Fort Lauderdale, Pompano Beach, Wilton Manors, Victoria Park, and other thriving South Florida markets.
But for a county that spans “from the seagrass to the sawgrass,” what about communities closer to the Everglades?
As the pioneers said when taming the American West, “Head west, young man.”
About eight miles west of the Atlantic Ocean, Federal Highway, and downtown Fort Lauderdale corridor is a market that’s undergoing a renaissance of its own.
Tamarac, Florida, once was a sought-after retirement destination. It had golf courses, modestly priced homes, and open streets that made for easy drives and easier living.
Tamarac real estate is drawing people to move North from Miami and to move West from Fort Lauderdale
Today, it has become a destination of choice for baby boomers and millennials looking for What’s Next. And for first-time buyers looking for the right-priced home, most homes in this South Florida destination are priced well under $350,000. That’s pretty appealing under the “What’s Next” category.
Sure, retirees still call Tamarac home. The median age is 48 years (more on that below). But it’s dropping. Why? Consider the mix of market realities like a solid stock of existing homes and low-cost land for real estate development that is attracting new development. This promotes lower costs for housing, encourages Miami residents to migrate north, and Fort Lauderdale residents to head west.
Location is central to this community’s allure. It could be said that Tamarac is at the geographic center of the Miami / Fort Lauderdale / West Palm Beach metro area that’s home to more than 6.01 million people (as of 2015; we’re certain the 2020 Census will add significantly to that figure).
For all these reasons and more, it has become an attractive South Florida destination for anyone to move to.
Blended South Florida Culture
Tamarac epitomizes the unique and multicultural South Florida culture. Its “blended” cultures features people from all over the world, from the U.S., the Americas, and elsewhere.
Capitalizing on this, the city recently rebranded itself as, “The City For Your Life”.
Speaking to the statistics above, Tamarac has become a multigenerational city. The median age is 48, and one in five (19%) of its residents are children. That bodes well for its future. A simple look at Tamarac Elementary School and its revitalization projects show you this is a city where the parents care about the education of their children. Schools in this city have been transformed, helping meet the needs of people moving into the area.
Parents helped transform Tamarac Elementary School from Drab to Fab!
Another component of this “blended” persona is a residential base working toward building a strong, steady future. The median household income is $45,000. Meanwhile, the crime rate as of 2018 had fallen by 17.1%, making Tamarac one of the safest cities in South Florida.
All this from a town founded in the 1960s by Ken Behring. The young developer arrived from the Midwest keen to buy up vacant land and orange groves with the vision of building an active adult community of two-bedroom maintenance-free homes.
Though it has relatively little commercial space within the city lines, Tamarac is surrounded by retail, office, warehouse, and other business-focused development. This has allowed the city to maintain its family-friendly appeal.
Bordered on the city’s western edge by Florida’s Sawgrass Expressway, Tamarac isn’t completely overlooked by the right type of commercial development. Regional retailer City Furniture and Ashley Showrooms, whose 100,000-square-foot showroom and headquarters spans more than 70 acres, has been named a Top 100 retailer and the International Home Furnishings Representatives Association Retailer of the Year.
International pharmaceutical manufacturer Unipharma has invested over $150 million in its state of the art facility.
These “clean” industries ensure controlled growth with little negative impact on the city and its residents.
Just like the vision that drove Tamarac’s birth 50 years ago, development remains visionary, and commercial and lifestyle development has a role in the city’s future. Construction has begun on Tamarac Village, the city’s new downtown. This planned destination will include businesses, parks, housing, and shops.
Tamarac Village provides centralized shopping for its residents
The upcoming Water’s Edge Park is already being promoted as a great family water park asset for the city. New developers are contributing toward the city’s Public Art Fund, ensuring the culture of Tamarac continues to grow with its housing opportunities.
Nothing says community like families with Kids. Tamarac promotes activities for families and their children
How is Tamarac achieving these results? City leaders are agile, resilient and focused on the future. With the scarcity of land, Tamarac offers some of the great real estate values throughout Broward County.
It’s no coincidence that for the 8th year in a row, the city’s Tamarac Parks division has won the award as most playful areas in the State of Florida.
For the 8th year in a row, the city’s Tamarac Parks division has won the award as most playful areas in the State of Florida
There’s a saying, “You plant trees to get shade in the future.” That’s what we see taking root in Tamarac, where Greater Fort Lauderdale’s west is being reborn. Quietly and sometimes unnoticed, Tamarac has been laying the steps and planting the trees for what promises to be a bright, prosperous city for the years to come.
Fort Lauderdale is a prized destination for beachfront, waterfront, and prized single family homes, condominiums, and rentals. If you’re looking for a western alternative to Fort Lauderdale, Pompano Beach, Wilton Manors, Victoria Park, and other thriving South Florida communities to the east, look West!
WRITTEN BY GARY LANHAM
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