Lighthouse Point Yacht Club Rendering

Lighthouse Point Yacht Club Breaks Ground on $250 Million Rebuild

Development
October 20, 2026•3 min read

After nearly a decade of planning, construction is underway on the redevelopment of Lighthouse Point Yacht Club. The private waterfront club at 2701 NE 42nd St. has been part of the north Broward boating town since 1961.

Developer Terry Paterson of Paterson Project Management is building a new 45,850-square-foot clubhouse and 21 three-story townhomes across six buildings, Florida YIMBY reported. A custom single-family home on a waterfront lot will come later. The project is billed at about $250 million. The club’s 78-slip deep-water marina near the Hillsboro Inlet is staying, and construction is phased so the club and marina can keep operating.

The new clubhouse includes:

  • a 10,400-square-foot fitness and spa complex

  • five Har-Tru tennis courts, three of them on the roof

  • a Junior Olympic-sized pool

  • a fine dining restaurant

  • a banquet hall for up to 280 people

  • a children’s center with an indoor basketball court

Architecture is by Annie Carruthers of Insite Design Group. The clubhouse is expected to open in 2028, with the final five townhomes and the custom home built after that.

The townhomes run about 3,600 to 4,700 square feet. Each has three or four bedrooms, an elevator, a two-car garage and a private garden, and every purchase includes club membership. Prices range from about $4 million to $5.1 million, and the developer says only three are left. A waterfront homesite of roughly 12,800 square feet is also for sale for a custom home.

Getting here took a long time. The club filed its first land-use application in 2018. The project then went through about five years of entitlements and 28 public hearings with the city and Broward County. Along the way, the city created a new zoning district for the site. Permits came through in 2024, but changes in construction lending pushed the start back again. In early 2026, Paterson bought out his foreign investment partners, and club members also put money into the project.

The plan also got a lot more expensive. Before the delays, the club’s own website estimated the project at $32 million and priced the townhomes at $1.85 million to $2.85 million, with groundbreaking scheduled for early 2021. In 2022, the New Pelican reported that the city wouldn’t sign the development agreement until Paterson secured financing; he was negotiating a $50 million loan at the time.

My take

Lighthouse Point doesn’t see much new construction. A gated townhome community with a private club and a marina minutes from the Hillsboro Inlet is rare for north Broward. For a boater moving down, that combination is hard to find anywhere between Fort Lauderdale and Boca.

The price is the story. The townhomes have roughly doubled since they were first advertised, and the homes got a little bigger. Even so, at about $1,100 a square foot they come in under Fort Lauderdale’s new branded condos. The Ritz-Carlton Residences and St. Regis Bahia Mar start around $1,500 to $1,600 a square foot. Here you also get a garage, an elevator and a private garden instead of a hallway.

The timeline is the lesson. This project was supposed to break ground in early 2021. If you’re buying anything pre-construction in South Florida, read the delivery dates and deposit protections in your contract as closely as you read the floor plan.

Since club membership comes with the house, ask what the dues and HOA fees will be on top of your mortgage, and how the club handles future assessments. A yacht club can be the best part of owning in Lighthouse Point. Just know the full monthly number before you fall in love with the rooftop tennis courts.

Sources

Florida YIMBY, “$250 Million Redevelopment Of Lighthouse Point Yacht Club Breaks Ground In Broward County”: https://floridayimby.com/2026/10/250-million-redevelopment-of-lighthouse-point-yacht-club-breaks-ground-in-broward-county.html
Lighthouse Point Yacht Club, “Ongoing – Lighthouse Point Yacht Club Development Plans”: https://lhpyc.com/ongoing-lighthouse-point-yacht-club-development-plans/
New Pelican, “Redevelopment of Lighthouse Point Yacht Club raising financial, permitting concerns”: https://www.newpelican.com/articles/redevelopment-of-lighthouse-point-yacht-club-raising-financial-permitting-concerns/
City of Lighthouse Point, Development Agreement agenda item report: https://www.lighthousepointfl.gov/DocumentCenter/View/802/Agenda-Form---Development-Agreement-1-11-22--v4-003

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