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1518 NE 11th Street, Fort Lauderdale
$599,900
A12041906 MLS ⋅ Lake Ridge BLDG.
Exceptional development opportunity in the highly desirable Lake Ridge neighborhood of Fort Lauderdale! This vacant residential lot offers the flexibility to build either a custom single-family home or two townhomes, making it an ideal investment for builders, developers, or end users seeking a prime location.Situated on a quiet street surrounded by established homes and new construction, this property is just minutes from the beach, Las Olas Boulevard, Downtown Fort Lauderdale, Holiday Park, shopping, dining, and major transportation routes.Lake Ridge continues to be one of Fort Lauderdale's most sought-after neighborhoods, known for its central location, strong property values, and ongoing redevelopment. Whether you're planning a luxury residence, income-producing townhomes, or a long-term investment, this property presents outstanding potential in the heart of Fort Lauderdale.Buyer to verify zoning, permitted uses, density, setbacks, and development requirements with the City of Fort Lauderdale.

1518 NE 11th Street, Fort Lauderdale

1219 NE 5th Terrace, Fort Lauderdale
$679,850
B26033788 MLS
This is how to generate great returns in today's market while protecting your downside. Acquire an income producing duplex (1 Bedroom/1 Bathroom each side) with additional development capacity (the right to build 8 more units) in Fort Lauderdale's rapidly developing Studio City at over 40% below market value. This property should not be viewed solely as a duplex or solely as a land play; the true value is in both. The existing duplex (that is fairly renovated and has separate water & electric meters) can remain in place and continue generating income while 8 additional units are developed on the same lot, for a total of 10 units, without tearing down the current structure. The included site plan shows viable layout, parking, & access. A preliminary development meeting has been held with the city; representatives from every relevant department (planning, zoning, engineering, landscape, etc) were present and confirmed that the site plan is feasible and compliant with current code and zoning regulations. Recently sold multi-family land comps: $117k-$141k per unit. Active multi-family land comps: $124k-$177k per unit. Recently sold multi-family (existing building) comps: $312k-$375k per unit. Active multi-family (existing building) comps: $297k-$372k per unit. Subject property: fairly renovated duplex + 8 units of buildable land; market value $1.2M-$1.4M. Build cost ~$1.2M. All in:~$1.9M. Projected value:$3M+ = $1M+ instant equity upon completion. 1 bedroom apartment rents:$1.6k-$2.3k/mo. Potential ~10% cap rate. Seller will finance. Located on NE 5th Terrace, less than one block from NE 13th Street, the property is under a 60 second walk from the heart of Studio City: Fort Lauderdale's emerging arts and entertainment district, featuring an eclectic mix of independent businesses like Gulfstream Brewing Co, Lovelee Bakeshop, Radio-Active Records and other popular neighborhood destinations. Situated at the crossroads of Flagler Village & Wilton Manors, the area offers a vibrant, walkable neighborhood experience with a youthful, creative energy often compared to early Wynwood. Surrounded by ongoing new development, the area continues to attract investors & developers who recognize its long term potential. Property is in a Qualified Opportunity Zone, which offers the potential for major tax benefits including deferring taxes, reducing capital gains taxes, and potentially paying no tax at all on the profit when you sell the property; consult tax professional for details and eligibility. See photos & attachments for details on location, plans, and comps. Call listing agent for more information.

1219 NE 5th Terrace, Fort Lauderdale

622 NE 8th Avenue, Fort Lauderdale
$1,150,000
B26033259 MLS
Development Opportunity in Victoria Park. A rare chance to break ground immediately on one of Fort Lauderdale's most desirable streets, just a one-minute walk to Holiday Park. This cleared, vacant lot comes with fully approved plans for two luxury modern townhomes, a true turnkey package for developers, investors, and spec builders. Each contemporary residence is designed at approximately 2,500 SF under air, featuring 4 bedrooms, 3.5 bathrooms, open-concept living, designer finishes, and seamless indoor-outdoor flow built for today's luxury buyer. With plans fully entitled and permit-ready, the path from acquisition to vertical construction is dramatically shortened, giving the next owner a meaningful head start on time, cost, and risk. Projected sellout: approximately $1.75M per unit, or $3.5M total, supported by strong demand and limited new-construction inventory in the neighborhood. Location is everything here. Steps from Holiday Park's tennis courts, fields, and green space, surrounded by luxury new builds, walking distance to Las Olas, minutes to the beach, downtown Fort Lauderdale, top dining, and shopping. Victoria Park continues to outperform, and opportunities like this rarely come to market. Bring your builder, your buyer, or your vision. This one is ready to go.

622 NE 8th Avenue, Fort Lauderdale