$4,500,000
SOLD MAR 17, 2025
-- Bed
-- Bath
3,462 Sq Ft
0.33 Acres

Recently Sold

$1,300 Per Sq Ft

32% Below List Price

187 Days on Market

Highlights

  • Property has ocean access
  • Property Fronts a Bay or Harbor
  • Cooling Available
  • Harbordale Elementary School Rated A-
  • Newly Remodeled
  • Heating Available

About This Home

As of March 2025

Attention Developers & Investors! 50 Isle of Venice Drive offers a rare opportunity to develop a boutique multi family residence or luxury condo project in the prestigious Las Olas Isles. This cleared, unimproved lot features 120 feet of waterfront with no fixed bridges, offering direct ocean access. The 14,400 sq ft (0.33 acres) lot comes with approved plans from the City of Fort Lauderdale Planning and Zoning Committee and the Development Review Committee (DRC) for a 5-story building with 8 spacious units and 8 private boat slips. All permits are current. Located in a prime area surrounded by luxury residences, this property is just minutes from world-class shopping, dining, and beaches.

Last Agent to Sell the Property

Alex Miranda

Compass Florida, LLC. License #3203583

Compass Florida, LLC.

Co-Listed By

Barbara Byers

Acadia Real Estate Properties License #3068857

Last Buyer's Agent

Kevin Rudden

Revolve Realty LLC License #3398855

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,498

Year Built

  • Built in 1987 | Newly Remodeled

Lot Details

  • 120 Ft Wide Lot
  • Property Fronts a Bay or Harbor

Home Design

  • Quadruplex

Outdoor Features

  • Property has ocean access
  • Seawall

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • Property has a Home Owners Association
  • Nurmi Isles Island No 4 Condos
  • Nurmi Isles Island No 4,Nurmi Isles Island N Subdivision

Listing and Financial Details

  • Rent includes rent incl
  • Assessor Parcel Number 504201120640

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,498

Year Built

Built in 1987 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1987
  • Property Sub Type: Quadruplex
  • Architectural Style: Other
  • Co List Office Mls Id: FLLFRME01
  • Co List Office Phone: (754) 220-4119
  • Road Frontage Type: Bay
  • Horses: No
  • Inclusions: Other, Other Water Access
  • New Construction: No
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: NURMI ISLES ISLAND NO 4,NURMI ISLES ISLAND N
  • Year Built Details: New Construction
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 0

Interior Features

  • Flooring: Other
  • Possible Use: Unknown/Withheld

Exterior Features

  • Roof: Other
  • Construction Type: Other
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Pool Private: No
  • Property Condition: New Construction
  • View: No
  • Waterfront Features: Ocean Access, Waterfront, Seawall
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: NURMI ISLES ISLAND NO 4

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Other

Lot Info

  • Parcel Number: 504201120640
  • Zoning: RMM-25
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Other Rent Incl

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 26498

Multi Family

  • Number Of Units In Community: 1

Map

Range of Values:

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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
03/17/2025 03/17/25 Sold $4,500,000 0.0% $1,300 / Sq Ft
03/17/2025 03/17/25 Sold $4,500,000 -26.2% $1,300 / Sq Ft
03/14/2025 03/14/25 Pending -- -- --
01/04/2025 01/04/25 Price Changed $6,100,000 0.0% $1,762 / Sq Ft
01/04/2025 01/04/25 Price Changed $6,100,000 -7.6% $1,762 / Sq Ft
09/11/2024 09/11/24 For Sale $6,600,000 0.0% $1,906 / Sq Ft
09/09/2024 09/09/24 For Sale $6,600,000 -- $1,906 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $27,363 $1,175,970 -- --
2024 $26,499 $1,175,970 -- --
2023 $26,499 $971,890 $0 $0
2022 $22,145 $1,078,930 $864,000 $214,930
2021 $22,130 $1,078,930 $864,000 $214,930
2020 $22,024 $1,078,930 $864,000 $214,930
2019 $21,296 $1,078,930 $864,000 $214,930
2018 $26,016 $1,388,430 $864,000 $524,430
2017 $24,490 $1,245,600 $0 $0
2016 $22,669 $1,132,370 $0 $0
2015 $21,087 $1,029,430 $0 $0
2014 $20,605 $986,380 $0 $0
2013 -- $953,770 $864,000 $89,770
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $4,500,000 None Listed On Document
Quit Claim Deed -- --
Quit Claim Deed -- --
Quit Claim Deed -- --
Warranty Deed $330,000 --
Source: Public Records

Source: MIAMI REALTORS® MLS

MLS Number: A11657132

MIAMI REALTORS® MLS

APN: 50-42-01-12-0640