$259,000
SOLD MAR 6, 2025

2550 SW 18th Terrace Unit 1406 Fort Lauderdale, FL 33315

River Oaks Neighborhood
2 Beds
2 Baths
927 Sq Ft
$518/mo HOA Fee

Recently Sold

$279 Per Sq Ft

8% Below List Price

140 Days on Market

Highlights

  • Vaulted Ceiling
  • Community Pool
  • Central Heating and Cooling System
  • Garden View
  • Tile Flooring
  • Washer and Dryer

About This Home

As of March 2025

Investment Opportunity in Fort Lauderdale
This renovated, tenant-occupied second-floor unit offers a solid investment with a lease in place until February 2026. Located in a highly sought-after area of Fort Lauderdale, the property provides a stable income stream in a prime location, just minutes from downtown, beaches, and the airport. With modern updates and a reliable tenant, this is a great opportunity for long-term growth and return on investment.

Last Agent to Sell the Property

Liz Metott

Native Realty Co. License #3247744

Last Buyer's Agent

Andrea Prepo Lorenzo

Keller Williams Capital Realty License #3577542

Keller Williams Capital Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,417

Year Built

  • Built in 1988

HOA Fees

  • $518 Monthly HOA Fees

Parking

  • Assigned Parking

Interior Spaces

  • 927 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Tile Flooring
  • Garden Views
  • Washer and Dryer

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Additional Features

  • East Facing Home
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 504221AA1980

Community Details

Overview

  • Association fees include maintenance structure
  • Marina Oaks Subdivision

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,417

Year Built

Built in 1988

Lot Details

0

HOA Fees

$518 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Marina Mile Blvd to SW 18 Terrace, Marina Oaks Building
  • Year Built: 1988
  • Carport Y N: No
  • Entry Level: 2
  • Property Attached Yn: Yes
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Second Floor Entry, Vaulted Ceiling(s)
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Disposal, Microwave, Refrigerator, Washer/Dryer, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Other, Tile
  • Living Area: 927.0
  • Stories: 2

Exterior Features

  • Exterior Features: None
  • View: Garden
  • Pool Features: Association
  • Waterfront: No
  • Disclosures: Pet on Property
  • Construction Type: Block
  • Direction Faces: East
  • Property Condition: Resale

Garage/Parking

  • Garage Yn: No
  • Parking Features: Assigned, None

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 518.0
  • Community Features: Non-Gated
  • Senior Community: No
  • Amenities: Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Number Limit, Yes

Fee Information

  • Association Fee Includes: Maintenance Structure

Lot Info

  • Parcel #: 504221AA1980

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 2417.0

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/06/2025 03/06/25 Sold $259,000 0.0% $279 / Sq Ft
01/07/2025 01/07/25 Price Changed $259,000 -2.3% $279 / Sq Ft
12/12/2024 12/12/24 Price Changed $265,000 -1.1% $286 / Sq Ft
12/09/2024 12/09/24 Price Changed $268,000 -0.4% $289 / Sq Ft
11/18/2024 11/18/24 Price Changed $269,000 -3.6% $290 / Sq Ft
11/12/2024 11/12/24 Price Changed $279,000 -0.4% $301 / Sq Ft
10/17/2024 10/17/24 For Sale $280,000 -- $302 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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 $4,324 $206,720 $20,670 $186,050
2024 $2,418 $206,720 $20,670 $186,050
2023 $2,418 $144,210 $0 $0
2022 $2,270 $140,010 $0 $0
2021 $2,195 $135,940 $0 $0
2020 $2,153 $134,070 $0 $0
2019 $1,986 $131,060 $0 $0
2018 $1,843 $128,620 $12,860 $115,760
2017 $2,108 $88,150 $0 $0
2016 $2,023 $80,140 $0 $0
2015 $1,880 $72,860 $0 $0
2014 $1,752 $66,240 $0 $0
2013 -- $60,220 $6,020 $54,200
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $181,300 New Conventional
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $259,000 Perland Title & Escrow Service
Quit Claim Deed -- Attorney
Warranty Deed $131,000 Title New Llc
Source: Public Records

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See All Homes in Fort Lauderdale

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10466926

BeachesMLS (Greater Fort Lauderdale)

APN: 50-42-21-AA-1980

Florida Broward County Fort Lauderdale 33315 River Oaks

2550 SW 18th Terrace Unit 1406, Fort Lauderdale, FL

Homes for Sale in Fort Lauderdale, FL

This home is located at 2550 SW 18th Terrace Unit 1406, Fort Lauderdale, FL 33315 and is currently priced at $259,000, approximately $279 per square foot. This property was built in 1988. 2550 SW 18th Terrace Unit 1406 is a home located in Broward County with nearby schools including Croissant Park Elementary School, New River Middle School, and Stranahan High School.

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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.