Off-Market opportunity in the highly sought-after Riverside / Sailboat Bend neighborhood.

Fort Lauderdale, FL View Address $3,700,000 Share Save  
Sale
16 Days on Site | 42 Views
NA
#9276325048
Multi-family
6
10+
20,908
$25,000,000

Description

Rare multi-family double-lot redevelopment opportunity in the Riverside / Sailboat Bend area, just minutes from Riverside Park, the New River, and downtown Fort Lauderdale. The combined parcels total 20,908.8 square feet of land and are currently improved with an 8-unit configuration totaling 6 bedrooms and 14 bathrooms. The site offers significant upside with redevelopment potential for 6–8 townhomes or a 12-unit apartment building, subject to zoning and approvals. Prime urban infill location with strong rental demand, limited land availability, and proximity to parks, dining, and major corridors. Last reporting on Airbnb income was over $225,000 a year circa 2022.
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Home Type

Sale
Multi-family

COMPS (Near by estimate )

Date Address Rooms Baths Building Sqft Price
2025 621 SW 5 Place, Fort Lauderdale, FL 33315 4 5.5 3500 $4,595,000
2025 724 SW 8th Way #724, Fort Lauderdale, FL 33315 | 5 5 2935 $1,423,000
2025 811 SW 10th St, Fort Lauderdale, FL 33315 3 2.5 2500 $1,050,000

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$1421

Monthly Payment

Principal & Interest $1421

Monthly Taxes $1421

Monthly HOA $1421

Monthly Insurance $1421

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