$2,395,000
$105K PRICE DROP

1940 E Terra Mar Dr Pompano Beach, FL 33062

Estimated payment $13,903/month

Total Views 1,943
0.24 Acre
$9,979,167 Price per Acre
10,498 Sq Ft Lot

Highlights

  • 125 Feet of Waterfront
  • Property has ocean access
  • Paved or Partially Paved Lot
  • McNab Elementary School Rated A-
  • Canal View

About This Lot

BRING ALL OFFERS! Presenting this UNIQUE OPPORTUNITY to Build on this expansive lot size & prime waterfront location, ample room for redevelopment into a luxurious custom residence in the highly coveted Terra Mar neighborhood of Lauderdale-by-the-Sea, a prestigious & sought-after community. Waterfront: Direct access with 125 feet of water frontage, ideal for boating enthusiasts. Existing Structure: A single-family home built in 1953, featuring 2 Bed 2 baths, totaling 1,932 square feet Development Potential: Residents enjoy a serene environment w/ direct ocean access & no fixed bridges, making it a boater's paradise. The neighborhood offers a private deeded beach club with a cabana, showers, grills, & picnic areas, enhancing the resort-style living experience. Limited Inventory in the area.

Listing Agent

Milva Gilluly

Berkshire Hathaway FL Realty License #3275453

Berkshire Hathaway FL Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,436

Year Built

  • 1954

Lot Details

  • 10,498 Sq Ft Lot
  • 125 Feet of Waterfront
  • Southeast Facing Home
  • Paved or Partially Paved Lot
  • Site Plan Filed
  • Property is zoned RS-5

Additional Features

  • Canal Views
  • City Lot
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 494306200020

Community Details

Overview

  • Terra Mar Island Estates Subdivision

Recreation

  • Property has ocean access
  • No Fixed Bridges
  • Seawall

Property Details

Property Type

Land

Est. Annual Taxes

$6,436

Year Built

1954

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Residential
  • Property Sub Type Additional: Residential
  • Special Features: VirtualTour
  • Year Built: 1954

Exterior Features

  • View: Canal
  • Road Frontage Type: Waterfront
  • Lot Features: City Lot, Other, < 1/4 Acre
  • Road Surface Type: Paved
  • Waterfront Features: Beach Access, Dock Access, No Fixed Bridges, Ocean Access, Seawall, Water Access
  • Waterfront: Yes
  • Direction Faces: Southeast
  • FrontageLengthRemarks: 125

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Trash Collection, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association #2 Fee: 75.0

Lot Info

  • Parcel #: 494306200020
  • Development Status: Site Plan Filed
  • Lot Size Acres: 0.24
  • Lot Size: 10498
  • Lot Size Sq Ft: 10498.0
  • Number Of Lots: 1
  • Zoning Description: RS-5
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6436.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,594 $1,043,490 $453,510 $589,980
2024 $6,436 $1,043,490 $453,510 $589,980
2023 $6,436 $412,860 $0 $0
2022 $6,019 $400,840 $0 $0
2021 $5,819 $389,170 $0 $0
2020 $6,194 $383,800 $0 $0
2019 $6,090 $375,180 $0 $0
2018 $5,899 $368,190 $0 $0
2017 $5,867 $360,620 $0 $0
2016 $5,916 $353,210 $0 $0
2015 $5,722 $350,760 $0 $0
2014 $5,791 $347,980 $0 $0
2013 -- $510,710 $419,920 $90,790
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2025 04/17/25 Price Changed $2,395,000 0.0% --
04/17/2025 04/17/25 Price Changed $2,395,000 -4.2% $1,240 / Sq Ft
01/19/2025 01/19/25 For Sale $2,500,000 0.0% $1,294 / Sq Ft
01/15/2025 01/15/25 For Sale $2,500,000 -- --
Source: BeachesMLS (Greater Fort Lauderdale)

Deed History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Attorney
Warranty Deed $45,000 --
Source: Public Records

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Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10479283

BeachesMLS (Greater Fort Lauderdale)

APN: 49-43-06-20-0020

Florida Broward County Pompano Beach 33062

1940 E Terra Mar Dr, Pompano Beach, FL

Homes for Sale in Pompano Beach, FL

This home is located at 1940 E Terra Mar Dr, Pompano Beach, FL 33062 and is currently priced at $2,395,000. This property was built in 1954. 1940 E Terra Mar Dr is a home located in Broward County with nearby schools including McNab Elementary School, Pompano Beach Middle School, and Blanche Ely High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS (Greater Fort Lauderdale) All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Milva Gilluly
Listing Agent
Milva Gilluly
Section Image
Berkshire Hathaway FL Realty
(754) 239-7351