2 Compass Lane, Fort Lauderdale FL 33308 | Broward County

2 Compass Lane, Fort Lauderdale FL 33308 | Broward County | F10420957

$10,777,000

Description

EXCITING NEW LISTING IN THE UPSCALE BAY COLONY COMMUNITY OFFERS THIS RARE TWO-STORY GEORGIAN-STYLE COLONIAL RESIDENCE ON A PRIVATE CORNER LOT WITH SCENIC 180′ WATERFRONT VIEWS. THIS LUSHLY LANDSCAPTED POINT LOT HAS INCREDIBLE VIEWS FROM EVERY ROOM. BRAND NEW DOCK AROUND THE POINT LOT, A BOATER’S PARADISE. THIS EQUISITELY DESIGNED HOME IS DECORATED TO PERFECTION AND POSSESSES CHARMING AND EXQUISITE DETAILS THROUGHOUT. THE MASTER SUITE COVERS THE WHOLE 2ND FLOOR WITH HIS AND HER MASTER BATHROOMS. FRENCH DOORS OPEN ONTO A BALCONY WITH BREATHTAKING INFINITY VIEWS OF THE WATERWAY. A RARE FIND WITH TROPICAL LIVE OAK TREES SURROUNDING THE ENTIRE COMMUNITY OF ULTRA UPSCALE HOMES. ONCE INSIDE THIS METICULOUSLY DESIGNED RESIDENCE, YOU’LL NEVERF WANT TO LEAVE!

Property Overview

This is a 4-bedroom, 5.5-bath home of about 5170 square feet at 2 Compass Lane, Fort Lauderdale FL 33308 (Fort Lauderdale 33308), listed at $10,777,000.

Monthly Costs, Stated Plainly

The monthly HOA fee is $667.

The tax of record is $36,184 (2021). As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Broward rate near 2.1%: without homestead, about $226,320/yr (≈ $18,860/mo); with the homestead exemption on a primary residence, about $225,270/yr (≈ $18,772/mo). Confirm with the Broward Property Appraiser and a tax professional — these are estimates, not quotes.

Frequently Asked Questions

What is the list price, and what typically conveys with a home like this?

The list price for 2 Compass Lane is $10,777,000, and this home conveys unfurnished — though all fixtures and built-in appliances remain with the property. The residence includes a private pool, while the gated community offers additional amenities like security patrols. For precise details on what’s included or to discuss exclusives like HOA-covered features, contact Christopher Lazaro, Fort Lauderdale Real Estate Broker, directly.

Where exactly is it, and what should I know about the location?

2 Compass Lane is situated in Fort Lauderdale’s prestigious coastal corridor (zip 33308), offering proximity to Intracoastal waterways and a central location near high-end dining, marinas, and cultural attractions. The property’s prime positioning combines privacy with accessibility to urban conveniences.

For verified details on this $10,777,000 listing or to explore the neighborhood’s nuances firsthand, contact Christopher Lazaro, Fort Lauderdale Real Estate Broker, for a confidential consultation.

What are the HOA / association fees, and what do they cover?

The monthly HOA fee for 2 Compass Lane is $667, which includes maintenance and security services as outlined in the community's governing documents. This waterfront neighborhood also adheres to Fort Lauderdale's municipal ordinances, which you can review here. For a detailed breakdown of amenities or to discuss how these fees align with your lifestyle, contact Christopher Lazaro, Fort Lauderdale Real Estate Broker, directly.

What are the property taxes and homestead implications?

The property taxes at 2 Compass Lane are currently $36,184 (2021 tax of record), but Florida reassesses upon sale. At the $10,777,000 list price and Broward County’s approximate 2.1% rate, we estimate annual taxes near $226,320 (≈ $18,860/mo) without homestead. If this becomes your primary residence, Florida’s homestead exemption reduces the taxable value, lowering the estimate to about $225,270/yr (≈ $18,772/mo). These are estimates only — confirm exact figures with the Broward Property Appraiser and your tax advisor. For precise guidance, contact Christopher Lazaro, Fort Lauderdale Real Estate Broker, to review your specific scenario.

Is the home in a flood zone, and what does that mean?

2 Compass Lane is in a FEMA-designated flood zone, which indicates its risk level for potential flooding. Flood zones are geographic areas classified by FEMA based on factors like elevation and proximity to water—you can review FEMA's definitions or view the FEMA flood map for this address to assess specifics. Since lenders often mandate flood insurance in high-risk zones, I recommend consulting Christopher Lazaro, Fort Lauderdale Real Estate Broker, to clarify coverage needs and explore mitigation options tailored to this $10,777,000 property.

Are pets allowed?

As a single-family home at 2 Compass Lane, Fort Lauderdale, this property has no HOA or condo restrictions—pet allowances are solely at the owner's discretion, guided by local ordinances and any active lease terms. Documented service animals and emotional support animals (ESAs) are protected under federal law regardless of policy. For precise guidance tailored to your needs, contact Christopher Lazaro, Fort Lauderdale Real Estate Broker, to confirm current arrangements.

How is the price set and is there room to negotiate?

The $10,777,000 list price reflects a tailored CMA for 2 Compass Lane, weighing recent sales of comparable waterfront estates in Fort Lauderdale’s luxury segment. Broward’s broader market context shows single-family homes closing at 96% of original list, averaging 35 days to contract (MIAMI REALTORS®, May 2026) — but hyper-local dynamics, like this home’s deepwater dock and direct ocean access, often justify tighter margins. Before drafting an offer, I’d prioritize a fresh, property-specific CMA to pinpoint realistic leverage. Reach out to Christopher Lazaro, Fort Lauderdale Real Estate Broker, to discuss negotiation strategies backed by current data.

What financing step do you recommend before touring?

Before touring 2 Compass Lane, I strongly recommend securing a pre-approval from a Florida-licensed mortgage originator—this streamlined process clarifies your budget and strengthens your position in Fort Lauderdale’s competitive market. At $10,777,000, this 5,170 sqft waterfront estate demands confidence in financing upfront. Reach out to me, Christopher Lazaro, Fort Lauderdale Real Estate Broker, to verify your readiness or explore tailored next steps.