Fort Lauderdale Condos · Watergarden
315 residential homes make up Watergarden.
By Josh Stein · Florida license SL3057661 · Updated 26 September 2026
Verified 26 September 2026Broward County Property Appraiser1 source
Watergarden — photography to follow
Key Takeaways
- 315 residential homes make up Watergarden, at 347 N New River Dr E, Fort Lauderdale — a 316th folio at the same address is a mixed-use store/office/residential commercial unit, not a home, and is excluded from every figure here.
- Median price per square foot fell 7.8% since 2023, from $628 to $579, while median sale price fell a similar 8.5%, from $820,000 to $750,000 — the two measures move together here, which is itself worth noting given how much unit sizes vary.
- 144 of the building’s 315 homes have sold more than once, and of those, 132 (91.7%) resold for a gain, 10 (6.9%) for a loss, and 2 came back at an unchanged price — a median gain of 37.5%.
- The building’s record sale is $1,800,000, closed 2/5/2026, for the 1,880 sq ft penthouse-tier unit PH7, at $957/sq ft — 65.3% above 2026’s building-wide median of $579/sq ft.
- One home in 17 — changes hands here each year, based on the last four years of qualified sales — 74 across 2023 through 2026 to date.
- Every one of Watergarden’s 315 homes has at least one recorded sale on file, so the building’s whole stock has changed hands on the county record at least once.
347 N New River Dr E, Fort Lauderdale, Florida 33301 | Neighborhood: Fort Lauderdale
Three Hundred Fifteen Homes on New River Drive
I pulled all 316 folios the Broward County Property Appraiser has on file at 347 N New River Dr E, Fort Lauderdale, FL 33301. 315 of the 316 are residential condominium homes declared under “WATERGARDEN CONDO.” The 316th, folio 504210AH0010, is a separate commercial unit — coded “Mixed use – store / office / residential combination” and listed as “347 N NEW RIVER DRIVE E# CU” — not a home. I’ve excluded it from every figure on this page: this building has 315 homes, not 316.
Have a question about Watergarden? This page is built from the county record and the trade press, not a listing feed. If you want what has actually closed here, or an honest read on whether it suits you, ask me directly.
The county record lists the year built as 2004 for all 315 residential folios. I don’t have a confirmed story count, architect, developer, amenity list, riverfront or dock detail, or a unit view breakdown for this building — none of that is in the county’s file, and I’d rather say so than fill it in from a listing site.
Sizes run from 820 to 2,112 square feet, with a median of 1,178. Five floorplates account for the bulk of the building: 1,178 sq ft (58 homes), 820 sq ft (57), 1,080 sq ft (55), 1,204 sq ft (54) and 1,469 sq ft (54) — together 278 of the building’s 315 homes, 88.3%. I’m not stating a bedroom or bathroom mix on this page: the county’s own bed and bath fields at this building carry values like 2.5 that don’t correspond to a reliable room count, so I’m using verified sizes and floorplates instead of a number I can’t stand behind.
On the 2026 tax roll, assessed values across the 315 homes range from $192,540 to $1,185,560, with a median of $562,060.
What the Sale Record Shows Since 2023
| Year | Qualified sales | Median price | Median $/sq ft |
|---|---|---|---|
| 2023 | 11 | $820,000 | $628 |
| 2024 | 13 | $855,000 | $619 |
| 2025 | 29 | $750,000 | $565 |
| 2026 to date | 21 | $750,000 | $579 |
Read either measure and the answer is the same direction, which is itself worth pointing out — at buildings with wide floorplate variation, median price and median $/sq ft often disagree, and when they do, I trust $/sq ft more. Here they agree: median price is down 8.5% since 2023, from $820,000 to $750,000, and median $/sq ft is down a close 7.8%, from $628 to $579. Both measures softened most in 2025, bottoming at $565/sq ft, before ticking back up in 2026. I qualify all of this against 74 total qualified sales across the four years — a reasonable sample for a 315-home building — but individual years run as thin as 11 sales, so I’d call the direction real and the year-to-year swings less meaningful than the four-year trend line.
2026 is an incomplete year — the 21 sales above run only through the pull date, 26 September 2026, and 2025’s jump to 29 qualified sales, the busiest year of the four, is worth noting as a liquidity signal on its own.
74 qualified sales closed across the four years against 315 homes — a turnover of one home in 17 each year.
What Happens to the People Who Buy Here
144 of Watergarden’s 315 homes — 45.7% — have a documented round trip on file: a home bought and later resold, both legs a qualified, arm’s-length transaction. That’s a meaningfully larger sample than most buildings of this size carry, and it lets me say more than usual about what actually happens to a buyer here. Of the 144, 132 (91.7%) resold for more than the previous owner paid, 10 (6.9%) resold for less, and 2 (1.4%) came back at an unchanged price. The median change across all 144 is a gain of 37.5%.
I’d still flag the same caveat any median deserves: 37.5% is the midpoint, not a promise, and it doesn’t tell you the hold period or purchase year behind any individual home’s result. But with 144 data points rather than the half-dozen some buildings offer, the gain-rate is a real pattern here, not a coincidence of a few outliers — and it’s worth setting against the fact that every one of Watergarden’s 315 homes has at least one recorded sale on file. Nothing in this building has sat untraded.
Set against the resale picture, the building’s single record sale stands out for a different reason. Unit PH7, 1,880 sq ft, sold for $1,800,000 on 2/5/2026 — $957 per square foot, 65.3% above 2026’s building-wide median of $579/sq ft. That’s the top of the building, and it’s a reminder that the $/sq ft table above describes the typical Watergarden home, not the ceiling.
Who Watergarden Suits, and Who It Doesn’t
Watergarden suits a buyer who wants documented resale liquidity on New River Drive in downtown Fort Lauderdale — one home in 17 changes hands here each year, 74 qualified sales closed over the last four years, and among the 144 homes with a completed round trip, 91.7% sold for a gain. That’s a materially better-documented track record than a building where only a handful of units have ever resold.
It suits a buyer working in the building’s five dominant floorplates — 820 to 1,469 square feet, 88.3% of the building — who wants a typical $/sq ft to underwrite against: the four-year band runs $565 to $628, with 2026 sitting at $579 to date. It suits a buyer looking at the top of the building less predictably; PH7’s $957/sq ft close is the only data point at that level on this page, so I wouldn’t treat it as a repeatable comparable without more sales at that size and finish level to check it against.
It suits buyers badly who read a single year’s dip and assume the direction is set — 2025’s $565/sq ft median sits inside a four-year band that has since ticked back up to $579, and I’d rather show the whole table than let one soft year read as the whole story.
If you are selling: price the building’s dominant floorplates off the $565-$628 four-year $/sq ft band, weighted toward the more recent, higher-volume years. If your unit sits toward the top of the building’s size range, know that the record here is thin — one sale, PH7 at $957/sq ft — and price it on its own merits rather than assuming the building median applies.
Watergarden — Frequently Asked Questions
How many homes are in Watergarden?
The Broward County Property Appraiser records 315 residential condominium folios at 347 N New River Dr E, Fort Lauderdale, declared under “WATERGARDEN CONDO.” A 316th folio at the same address is a mixed-use commercial unit, not a home.
Are prices rising or falling at Watergarden?
Both median price and median price per square foot are down since 2023 — price 8.5%, from $820,000 to $750,000, and $/sq ft 7.8%, from $628 to $579. Both measures bottomed in 2025 and have ticked back up in 2026 to date.
What is the highest price ever paid at Watergarden?
$1,800,000, closed 2/5/2026, for the 1,880 sq ft penthouse-tier unit PH7 — $957 per square foot, 65.3% above 2026’s building-wide median of $579/sq ft.
Do people who buy at Watergarden make money when they sell?
Of the 144 homes with a documented round trip, 132 (91.7%) resold for a gain, 10 (6.9%) for a loss, and 2 came back unchanged — a median gain of 37.5%. That’s a larger, more reliable sample than most buildings of this size offer.
How often do homes sell at Watergarden?
About one home in 17 changes hands each year, based on 74 qualified sales across the last four years (2023 through 2026 to date) against 315 homes.
What size are the homes at Watergarden?
820 to 2,112 square feet, median 1,178. Five floorplates — 1,178, 820, 1,080, 1,204 and 1,469 square feet — make up 88.3% of the building. 2026 assessed values range $192,540 to $1,185,560, median $562,060.
Has every home at Watergarden sold at least once?
Yes. All 315 homes carry at least one recorded sale on file with the county — none of the building’s units are untraded.
Sources and further reading
Interested in selling at Watergarden?
Learn more about selling a condo at Watergarden with Josh Stein.
Thinking about Watergarden?
I have sold South Florida property since 2002, more than $1 billion of it. Ask me for the recorded declaration, what has genuinely closed, or a straight answer on whether this building fits what you are after.
Call (305) 695-8257Send me a question
Josh Stein · Florida real estate sales associate, license SL3057661 · (305) 695-8257 · hello@joshsteinrealtor.com
Related coverage
Part of Fort Lauderdale Condos.