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Land in Lauderdale By The Sea, FL 33062Terra Mar Island Estates, 1940 E Terra Mar Dr
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OFF MARKET
Beds
0.24
Acre$9,979,167
$/AcreUltra Luxury Land
Canal View
Waterfront
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.
MLS Number: F10479283
On Site: 620 Days
Updated: 520 Days ago
Page Views: 0
Features
All features
- Approx SqFt Total Area: 10498
- Property SqFt: 10498
- Remarks: 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.
- Internet Remarks: 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.
- View: Canal
- Waterfront: Yes
- Directions: Southeast
- Days on Market: 92
- Compass Point: E
- Office Name: Berkshire Hathaway FL Realty
- Area: 10498
- Taxes: 6436
- Tax Year: 2023
- Listing Date: 2025-01-08T10:13:15.000-00:00
- Lot Size Square Feet: 10498
Apples-to-Apples Comparables
Price History
Current
$2.4M
High
$2.5M
Low
$2.4M
Total Change
-4.2%Date
Event
Price
Change
Price Per
04/17/2025
Price Reduced
$2.4M
-4.2%$228 ft2
$2,456 m2
01/08/2025
Listed
$2.5M
$238 ft2
$2,563 m2
04/17/2025
$2.4M
Event
Price Reduced
Change
-4.2%Price Per
$228 ft2
$2,456 m2
01/08/2025
$2.5M
Event
Listed
Price Per
$238 ft2
$2,563 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Milva Skorish • Berkshire Hathaway FL Realty • Buyer Agency Compensation .
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Scores
19
100
42
100
77
100
1
100
29
100
0
100
Community Snapshot
3 – 5 BR
Bedrooms
$1.6M – $6.5M
Price Tier
810 - 4,628
SqFt Range
1958
Year Build
1
Total Floors
Lauderdale By The Sea Ultra Luxury Ultra Luxury Homes & Condos
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