$1,500,000

716 SW 9th Terrace Fort Lauderdale, FL 33315

Tarpon River Neighborhood

Estimated payment $9,724/month

Total Views 2,314
-- Bed
-- Bath
6,108 Sq Ft
$246 Price per Sq Ft

Highlights

  • Wood Flooring
  • Central Heating and Cooling System
  • 2-minute walk to Lewis Landing Park
  • No HOA

About This Home

This is a prime investment opportunity in Fort Lauderdale’s prestigious Tarpon River. These two renovated townhouses, luxury multi-level units townhouses over 3,000 square feet of high-end living space, featuring travertine and porcelain flooring, European cabinetry, stainless steel appliances, and granite countertops. The third-floor master suites include private balconies and spa-like bathrooms, providing an elevated living experience. Both units are leased to quality tenants at $4,250 & $4,500 per month, delivering a rare 5.7% high yield cap rate in a premium market. As a fully turn-key asset, this property ensures immediate cash flow and low operational risk, positioning it as an attractive addition to any portfolio focused on capital preservation and growth. Included 4 parking spaces

Listing Agent

Adam Redolfi

Alure Capital License #3585733

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,226

Year Built

  • Built in 2008

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Barrel Roof Shape
  • Concrete Roof

Interior Spaces

  • 6,108 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Vinyl

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Rent includes sewer, trash collection
  • Assessor Parcel Number 504209160120

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • New Utopia Condos
  • New Utopia Subdivision

Building Details

  • Operating Expense $7,559
  • Net Operating Income $81,250

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,226

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 2008
  • Property Sub Type: Duplex
  • Architectural Style: Attached
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Duplex
  • Subdivision Name: NEW UTOPIA
  • Year Built Details: Resale
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Owner
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Flooring: Vinyl, Wood
  • Living Area: 6108
  • Stories: 2

Exterior Features

  • Roof: Barrel Roof, Concrete
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: NEW UTOPIA
  • Total Parking Spaces: 4

Utilities

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

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 504209160120
  • Zoning: RD-15
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: None, Sewer, Trash Collection

Multi Family

  • Net Operating Income: 81250
  • Number Of Units In Community: 2
  • Annual Operating Expense: 7559
  • Total Actual Rent: 105000

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 16226

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 $16,070 $782,450 $32,520 $749,930
2024 $16,226 $797,230 $47,300 $749,930
2023 $16,226 $797,230 $47,300 $749,930
2022 $15,344 $766,730 $47,300 $719,430
2021 $14,776 $736,240 $47,300 $688,940
2020 $18,321 $932,270 $47,300 $884,970
2019 $17,179 $890,890 $47,300 $843,590
2018 $18,169 $1,054,250 $47,300 $1,006,950
2017 $16,541 $843,750 $0 $0
2016 $15,548 $767,050 $0 $0
2015 $14,337 $697,320 $0 $0
2014 $13,114 $633,930 $0 $0
2013 -- $582,190 $47,300 $534,890
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2024 09/21/24 For Sale $1,500,000 0.0% $246 / Sq Ft
09/19/2024 09/19/24 Off Market $1,500,000 -- --
09/16/2024 09/16/24 For Sale $1,500,000 -- $246 / Sq Ft
Source: MIAMI REALTORS® MLS

Deed History

Date Type Sale Price Title Company
Special Warranty Deed $565,000 Attorney
Quit Claim Deed -- Attorney
Warranty Deed $427,500 --
Deed -- --
Warranty Deed $84,857 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $20,000 Commercial
Previous Owner $20,000 Credit Line Revolving
Previous Owner $31,500 Commercial
Previous Owner $50,000 Commercial
Previous Owner $99,959 FHA
Source: Public Records

Source: MIAMI REALTORS® MLS

MLS Number: A11657601

MIAMI REALTORS® MLS

APN: 50-42-09-16-0120

Florida Broward County Fort Lauderdale 33315 Tarpon River

716 SW 9th Terrace, Fort Lauderdale, FL

Homes for Sale in Fort Lauderdale, FL

This home is located at 716 SW 9th Terrace, Fort Lauderdale, FL 33315 and is currently priced at $1,500,000, approximately $245 per square foot. This property was built in 2008. 716 SW 9th Terrace is a home located in Broward County with nearby schools including Croissant Park Elementary School, New River Middle School, and Stranahan 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.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Adam Redolfi
Listing Agent
Adam Redolfi
Section Image
Alure Capital
(754) 714-3544