The 7-Home Gated Neighborhood Hiding in Plain Sight Off Las Olas
There's a gated waterfront community in Fort Lauderdale with only seven homes total, and most people driving past it on Las Olas have no idea it exists — it's called Sagamore Cove.
I'm Joe Vairo — a 2x eXp ICON Agent, ranked the #3 real estate agent in Fort Lauderdale by Fort Lauderdale Magazine, and founder of the Vairo Group, ranked the #3 real estate team in Fort Lauderdale. I track hidden and ultra-low-inventory pockets like this one because they rarely trade and almost never get talked about publicly. Here is the full breakdown.
What Is Sagamore Cove, and Where Is It Located?
Sagamore Cove is a small, gated waterfront enclave located in the heart of Colee Hammocks, right off Las Olas Boulevard in Fort Lauderdale. From inside the community, residents can walk to everything on Las Olas, including restaurants like Louie Bossi and Earls, and the beach is just a short distance away. The location puts residents in the center of Fort Lauderdale's most walkable restaurant and lifestyle corridor while still being tucked behind a private gate.
Why Does Sagamore Cove Stay So Under the Radar?
Sagamore Cove contains only seven homes in the entire community, which is a major reason it rarely comes up in conversation even among people familiar with Fort Lauderdale real estate. With that few homes, turnover is naturally rare, and there's very little public visibility into the community compared to larger, better-known gated neighborhoods nearby.
What Did the Last Home in Sagamore Cove Sell For?
Only one home in Sagamore Cove has sold in the last 700 days, and it closed for $10,325,000. That property was a five-bedroom, seven-bathroom single-family home at just under 6,300 square feet. A sale of that size, in a community this small, gives a clear picture of the price point this enclave commands when a home does become available.
What This Means for Buyers Interested in Colee Hammocks
With only seven homes and essentially one sale in nearly two years, Sagamore Cove is about as low-inventory as it gets in Fort Lauderdale. For a buyer specifically targeting Colee Hammocks or the Las Olas-adjacent gated market, this means being ready to move quickly and often working through off-market or relationship-based channels, since a home here isn't likely to sit on the open market long, if it hits the market at all.
Am I Bullish on Sagamore Cove?
Yes — a seven-home gated community with walkable access to Las Olas and one sale over $10 million in the last 700 days tells me this is exactly the kind of scarce, high-demand pocket that holds its value regardless of broader market swings.
FAQ
How many homes are in Sagamore Cove?
Sagamore Cove has only seven homes total, making it one of the smallest gated communities in Fort Lauderdale.
Where is Sagamore Cove located?
Sagamore Cove is in the Colee Hammocks neighborhood, just off Las Olas Boulevard in Fort Lauderdale, within walking distance of the beach.
What was the last home sale in Sagamore Cove?
The only home to sell in Sagamore Cove in the last 700 days went for $10,325,000. It was a five-bedroom, seven-bathroom home just under 6,300 square feet.
Is Sagamore Cove gated?
Yes, Sagamore Cove is a fully gated community, which adds to its privacy and exclusivity.
Want to Talk Through the Las Olas Opportunity?
I'm Joe Vairo with the Vairo Group. If you want an honest, current conversation about buying near Las Olas or Colee Hammocks in Fort Lauderdale, reach out anytime.
📲 Text or call me at 954-830-1126
📩 Email me at [email protected] anytime — I respond personally
Joe Vairo is a 2x eXp ICON Agent, South Florida real estate agent, and Fort Lauderdale Magazine's #3 ranked agent in Fort Lauderdale. The Vairo Group, ranked the #3 real estate team in Fort Lauderdale, specializes in waterfront properties and luxury relocation in the $1M+ market.
Watch the original Short: Fort Lauderdale's Hidden Gated Neighborhood
