Sticker Shock! Build Cost for High-end Home

[Anand S.]

Hi Folks,

We are in the process of finalizing our plans for a Spec home in Fort Lauderdale. Specifics are:

- 4200 SQFT

- 3 stories with a rooftop deck

- Elevator

- 5 Bedrooms

- 5 Full baths, 2 Half baths

- Requires 30 FT Pilings

- Block construction

- Impact windows

- Retail price point of $2.5MM+

We are in the process of obtaining GC bids and are looking at experienced contractors with solid track records. I am shocked at some of the initial estimates. I've received quotes of $450/SQFT for end-to-end construction including finishes. Their rationale for this price point are the increased tariffs and demand.

My question is twofold 1) What $/SQFT are you seeing for new construction for a similar home? and 2) would waiting for the tariff war to abate and for demand to slow affect pricing, or are these typically ratcheted up with no hope of correcting substantially?