$958,750

Estimated payment $6,347/month

Total Views 1,220
0.33 Acre
$2,905,303 Price per Acre
14,375 Sq Ft Lot

About This Lot

SIX FIGURES BELOW MARKET! One of the last corner lots on rapidly developing NW 27 Ave, buildable for 24 residential units. Active comps: $60k-$86k/unit for land; recently sold comps: $42k(disqualified)-$82.5k/unit for land. Subject property under $40k/unit. Construction cost: $3.5M+/-; total cost: Under $4.5M; projected value: $7M+: $2.5M+ INSTANT EQUITY. Nearby rents: 1 beds $1.6k-$2.1k: Potential 10%+/- cap rate. Opportunity zone: huge tax benefits. SELLER WILL FINANCE. Eligible for county grant of up to $300k towards construction. Drive 27th & nearby areas: see surge of construction. Minutes from new Walmart plaza, Starbucks, Downtown, I-95, 441, & Turnpike. Site plan for 24 large 1 bed/1 bath units included—customize or design your own. DND tenants. Can also be commercial or mixed-use.

Listing Agent

Michael Sheer

United Realty Group Inc. License #3355952

United Realty Group Inc.

Co-Listing Agent

Wayne Charneco

United Realty Group Inc License #3206892

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $12,073

Lot Details

  • 0.33 Acre Lot
  • East Facing Home
  • Paved or Partially Paved Lot
  • 3 Lots in the community
  • Site Plan Filed
  • Property is zoned B-3

Community Details

  • Washington Park Third Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 504205060121
  • Seller Considering Concessions

Property Details

Property Type

Land

Est. Annual Taxes

$12,073

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Residential
  • Property Sub Type Additional: Residential
  • Directions: GPS 733 NW 27th Ave, Fort Lauderdale, FL 33311
  • Special Features: VirtualTour

Exterior Features

  • Road Surface Type: Paved
  • Waterfront: No
  • Direction Faces: East

Lot Info

  • Parcel #: 504205060121
  • Development Status: Site Plan Filed
  • Lot Size Acres: 0.33
  • Lot Size: 14388
  • Lot Size Sq Ft: 14388.0
  • Number Of Lots: 3
  • Additional Parcels Description: 504205060120,
  • Zoning Description: B-3
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 12073.0

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
02/24/2025 02/24/25 For Sale $958,750 0.0% $460 / Sq Ft
02/24/2025 02/24/25 For Sale $958,750 +1.3% --
02/21/2025 02/21/25 For Sale $946,250 -- --
Source: BeachesMLS (Greater Fort Lauderdale)

Similar Property in Oakland Park, FL

  • 733-795 NW 27th Ave, Oakland Park, FL 33311

    $958,750

    • Land
    • 0.33 Acre
    • $2,905,303 per Acre
    • 733-795 NW 27th Ave
    • Oakland Park, FL

    SIX FIGURES BELOW MARKET! One of the last corner lots on rapidly developing NW 27 Ave, buildable for 24 residential units. Active comps: $60k-$86k/unit for land; recently sold comps: $42k(disqualified)-$82.5k/unit for land. Subject property under $40k/unit. Construction cost: $3.5M+/-; total cost: Under $4.5M; projected value: $7M+: $2.5M+ INSTANT EQUITY. Nearby rents: 1 beds $1.6k-$2.1k:

    Michael Sheer United Realty Group Inc.

    Section Image

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10488687

BeachesMLS (Greater Fort Lauderdale)