$8,800,000
Fort Lauderdale, FL 33301
MLS# FX-10433701
Status: Closed
12500 sqft
1 / 47
Property Description
Investors, developers, and multi-family owners, seize a prime opportunity in Ft. Lauderdale, Florida! This 180-foot waterfront gem with ocean access promises lucrative returns. Craft 12 opulent waterfront condos for an elite clientele, or tap into the upscale rental market with 15 unique units and 10 desirable boat slips available for rent. With Ft. Lauderdale Beach and Las Olas Boulevard nearby, tenants crave this location and its amenities. Alternatively, it can be transformed into an exclusive Airbnb hotspot, leveraging its current boutique hotel operation. Don't miss this chance to make your mark in Ft. Lauderdale's coveted locale. The listing agent must be present for all showings.
Details
Contract Information
Listing Date: 2024-04-15
Status: Closed
Original List Price: 8800000
Sold Price: $8,650,000
Current Price: $8,650,000
List Price/SqFt: 704
General Property Description
Type: Quad Plex
Total # of Units: 15
Property Condition: Resale
Year Built: 1964
Number of Stories: 2
SqFt - Total: 15800
SqFt - Living: 12500
Homeowners Assoc: None
Directions: From US-1, go East on Las Olas Blvd., go to Isle of Venice, and turn left at 132 Isle of Venice.
Subdivision: Nurmi Isles Island 4 24-4
Development Name: Villa Venezia
Lot Dimensions: 21600
Waterfront: Yes
Waterfrontage: 180
Private Pool: Yes
Spa: No
Separate Elec Meters: Yes
Separate Wtr Meters: Yes
Location Tax Legal
Area: 3280
County: Broward
Parcel ID: 504201120450
Street #: 132
Street Name: Isle Of Venice
Street Suffix: Drive
Zip Code: 33301
Legal Desc: NURMI ISLES ISLAND NO 4 24-43 B LOT 37
Geo Lat: 26.125434
Geo Lon: -80.120335
Status Change Info
Under Contract Date: 2024-06-30
Sold Date: 2024-09-03
Sold Price: $8,650,000
Terms of Sale: Conventional
Sold Price/SqFt: 692
Unit 1 Info
Bedrooms: 1
Full Bath: 1
Monthly Income: 2800
Unit 2 Info
Bedrooms: 2
Full Bath: 2
Monthly Income: 3900
Property Features
Construction: CBS
Waterfront Details: Interior Canal; No Fixed Bridges; Ocean Access; Canal Width 121+
Private Pool Description: Inground
Lot Description: 1/2 to < 1 Acre
Exterior Features: Auto Sprinkler; Built-in Grill; Outdoor Shower
Maintenance Fee Incl: None
Flooring: Ceramic Tile; Laminate
Cooling: Central
Heating: Electric
Roof: Other
Boat Services: Private Dock
Terms Considered: Cash; Conventional; Exchange
Utilities: Cable; Public Sewer; Public Water
Special Info: Sold As-Is; Survey
Avail Info: Accounting; Appraisal
Possession: Funding
Contingencies: None
Listing Office: Compass Florida, LLC
Last Updated: September - 06 - 2024
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