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Saturday, August 26, 2023

Your Davie, FL Real Estate Questions Answered

Aerial view of Davie FL

Curious to learn how you can combine suburban life with 365 days of summer? The Town of Davie is not to be missed, especially if you are looking for South Florida living. It’s more than your typical suburban neighborhood. Find parks paired with equestrian trails, acres of farmland dedicated to plant nurseries, and a campus for one of the top private universities in the state. And, as one of the 31 cities that make up Broward County, Davie is a short distance from popular South Florida attractions.

There are not many places that combine an agricultural center, suburban life, and city living perks quite like Davie. If you’re looking to live in Broward or somewhere in South Florida, put it on the top of your list to buy a home. These frequently asked questions about Davie real estate will show you how it might be the next place you call home.

About Davie, FL

Known for its rustic charm, the Town of Davie is in the south-central part of Broward County, close to I-595 and the Florida Turnpike. Davie’s 35 square miles are home to about 106,000 residents, and it is one of the fastest-growing areas in South Florida.

Davie started pioneer families that ventured into the Everglades and created a farming community originally called “Zona.” It was renamed “Davie” to honor Mr. Davie of the Everglades Sugar Company, who built the first school for the community’s children.

Farmlands quickly emerged from the Everglades wetlands and soon began building what is now Davie. The original Western-style buildings and the first school that was built in 1914 still dominate its downtown today. Both areas mark the history of Davie as a cattle ranching and farming community. Agriculture and horses remain authentic parts of Davie’s small-town “Western” culture, making it truly one-of-a-kind in glitzy South Florida. 

What is the cost of living in Davie, FL?

Consider Davie if you seek affordability in the South Florida real estate market. Even though the cost of living in Davie is still higher than the national average, it is still lower than other South Florida real estate markets, like Miami.

An individual in an average family with two children and two working adults must make at least $26.43 per hour to afford to live in Davie, FL. However, the median income for residents who live in Davie tends to be higher than that at $28.33 (or $58,924 per earner each year), which is higher than the needed hourly wage to survive. The median income leaves some extra cash for residents to spend on nearby amenities and entertainment.

Cost of living comparison Davie Florida

What county is Davie, FL, in?

Davie is one of the many inland cities that make up Broward County, where residents enjoy city life just a short distance from famous South Florida beaches and metropolitan areas.

As the county with the lower cost of living in the tri-county area, Broward County is home to the famous guitar-shaped hotel known as the Seminole Hard Rock Resort and Casino, Las Olas Boulevard, a popular area for window shopping and restaurant experiences, and the home of the “gateway to the global marketplace” because of its diverse and multilingual population.

What is the property tax rate for Davie, FL?

Similar to other cities that make up Broward County, each homeowner is responsible for paying their share of property taxes at the end of each year. As of 2022, those living in Davie pay a median millage rate of 18.4671 or 19.9690, depending on their property-assigned millage code by the Broward County Property Appraiser. Paid property taxes are divided between Broward County and the Town of Davie.

However, determining how taxes affect a homebuyer can depend on many factors and exemptions for which they may qualify. If you are curious to learn more about how property tax exemptions can apply to your situation, you can learn more about it here.

Is Davie growing?

According to the Town of Davie, the city is one of the state’s top-growing areas. Since 2020, the Town of Davie has seen a surge of population growth of just over 40% within the Davie city lines. The US Census estimates it has over 106,000 residents as of 2022.

Broward County Cities Ranked in 2020 Population

 

What neighborhoods are in Davie, FL?

Take a drive through Davie to see how eclectic your choices are. One moment, you are driving through suburban areas and condos, and the next thing you know, you are passing large estates on multiple acres of land surrounded by native trees.

Unique from other nearby cities, in the Town of Davie, neighborhoods are placed into numbered subdivisions, which are separated into four different sections. Inside each subdivision is a list of many neighborhoods and complexes within the city lines. This differs from other cities, like Hollywood, which name their subdivisions and communities with names rather than numbers.

While there are only four districts, they each carry unique traits. For example, many farms, estates, and nurseries are in District 4. Many residents enjoy taking their horses from their property to one of the many equestrian trails across the city. In fact, Tree Tops Park, located off Griffin Road, is a massive 23-acre nature preserve and park. 

Immerse yourself in a native Florida landscape with its walking and biking trails, fishing areas, equestrian trails, and more. Those brave enough can climb up the observation tower and enjoy scenic views of the city’s skyline.

District 4 is also home to Flamingo Gardens. This Florida attraction welcomes visitors and residents to see their wildlife and enjoy the beauty of its 60-acre botanical gardens. However, District 1 is entirely different. More urbanized, not only is it beside the intersection of I-595 and the Florida Turnpike, but the Nova Southeastern University campus is here. Locally referred to as Nova, this institution is one of the largest private universities in the state, with a focus on research in the medical and biosciences fields.

In just a five-minute drive from the university grounds, students and locals have access to shopping and various restaurants at the Davie Tower Shops. This outdoor shopping mall is home to large retailers, grocers, and restaurants that offer globally inspired cuisine to satisfy any craving.

Davie Tower Shops

Source: https://www.davie-fl.gov/DocumentCenter/View/158/Subdivision-Map-PDF

What is the average price of a home in Davie, FL?

Enjoy the lower price points where they matter most. There’s a bit more affordability in the Town of Davie if you want to buy a new home. Prices in August 2023 sit right around $628,000, with about 427 listings on the market that have a wide stretch of size both in square footage and acreage. If you focus solely on existing real estate (not vacant residential lots), the prices range from $135,000 to $6.5 million.

Homes in Davie vary in type and location. Residents live in mobile homes, single-family homes, master-planned suburbs, or luxury estates. In many cases, these larger estates come with multiple acres of land to raise cows, horses, and many other farm animals.

Are there any condos or townhomes available in Davie, FL? 

Throughout the city, find properties from massive estates down to maintenance-free condos. Davie townhomes and condos tend to be more affordable for many homebuyers looking to move into the area. August 2023 had one listing priced at $383,000, with 1,350 sq ft, two bedrooms, and 2.5 bathrooms.

Are there any waterfront properties found in Davie, FL?

Unlike some cities in South Florida, the Davie does not sit next to the ocean, but it does offer properties that face lakes and canals that run throughout the city. If you’re lucky, you might just glimpse a Florida Alligator cruising the quiet waters or a heron snatching a fish from among the reeds.

How is golf in Davie, FL?

One of the best things to do while living each day under the summer sun is to embrace golfing. Those who enjoy a good game of golf can play at the Davie Golf Club, an 18-hole course surrounded by nature that opened in 1973. The 2008 renovation added many slopes and water obstacles to test your golfing game.

Are there golf course communities in Davie, FL? 

Golf is on the minds of residents in Davie. Check out one of their three golf course communities where you can fit right in. Residents in Davie can play a game near golfing communities like the Grande Oaks Golf Club, the Davie Golf Club, or the Pine Island Ridge Country Club. While not all of these are open to the public, residents can purchase a membership to access any exclusive course.

What areas are near Davie?

What once began as an agricultural community has now expanded to include suburban charm with easy access to the greater nearby Fort Lauderdale and Miami metropolitan areas.

Residents who live in Davie know that they can reach an abundance of amenities in South Florida in 30 minutes or less, such as:

  • Tailgate and watch the Miami Dolphins or UM Hurricanes play football at the Hard Rock Stadium
  • Hit the beach and enjoy the waves at Hollywood Beach
  • Test lady luck at the Seminole Hard Rock Casino or catch a live music act 
  • Watch the holiday Nutcracker Ballet or a Broadway show at the Broward County Center of the Performing Arts

When looking to travel outside the city, Davie is conveniently situated between two major highways. Both I-75 and the Florida Turnpike are just minutes away, allowing residents to quickly reach their destination.

Davie Florida guitar shaped hotel

What to know about living in Davie, FL

Enjoy city life with endless summer days and the touch of old Florida while living in Davie. If you want to live in South Florida but prefer a more country feel, it might be the next place you call home. 

If you are considering buying a home in Davie, Florida, reach out to our team at EZ Home Search. Start searching to see what homes are available in Davie real estate today.

 

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Preston Guyton

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