Multifamily in Deerfield Beach, FL 33441
Ocean Vue, 1944 NE 5th St

$2.9M20.7%
$2,299,000
2,549
SqFt
Status
OFF MARKETExpired
Size
2,549 SqFt (237 m2)
Price
$902/SqFt ($9,708/m2)
Type
Multifamily
Built
1947
MLS Number
F10488055
On Site
563 Days
Updated
103 Days ago
Page Views
0
Only two blocks from the beach, this well established resort and amazing cash producing property is one of the most sought after spots for short stays in the area. It already has bookings for next season while still offering a lot of future opportunities for growth and increased income. Officially a fourplex, with a 2/2 that is split into a 1/1 with full kitchen and bathroom and a studio, also with full kitchen & bathroom, it rents as 1 single family home and 4 villas. The Island Resort offers many avenues for investment and future development in A+ prime location in gorgeous South East Florida. Great investment opportunity! The Island Resort at Deerfield Beach has been running as a short term rental property for the last three years with hundreds of 5 star reviews online.

Features

Bedrooms
    Bathrooms
      Exterior and Lot Features
      • Exterior Features: Courtyard, OutdoorLivingArea, UncoveredCourtyard, Porch
      Interior, Heating and Cooling
      • Heating Description: Central, Electric, SeparateMeters
      • Cooling Description: CentralAir, CeilingFans, Electric
      Building and Construction
      • Floor Description: Clay,Tile
      • Year Built: 1947
      Waterfront and Water Access
      • Waterfront Frontage: No info
      School Information
      • Elementary School: Deerfield Beach
      • Middle School: Deerfield Beach
      • Senior High School: Deerfield Beach
      Other Property Info
      • Listing Date: 2025-02-24T09:24:19.000-00:00
      Taxes, Fees & More
      • Taxes: 24141
      • Real Estate Taxes: 1112790
      • Total Floors in Building: 1
      • Total Units in Building: 4
      • Total Units in Complex: 4

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      Price History

      Current
      $2.3M
      High
      $2.9M
      Low
      $2.3M
      Total Change
      -20.7%
      $3M$2.6M$2.2MFeb 25Jun 25Jun 25Sep 25
      Date
      Event
      Price
      Change
      Price Per
      09/10/2025
      Price Reduced
      $2.3M
      -8%
      $902 ft2
      $9,708 m2
      06/23/2025
      Price Reduced
      $2.5M
      -7.41%
      $980 ft2
      $10,553 m2
      06/04/2025
      Price Reduced
      $2.7M
      -6.93%
      $1,059 ft2
      $11,397 m2
      02/24/2025
      Listed
      $2.9M
       
      $1,138 ft2
      $12,246 m2
      09/10/2025
      $2.3M
      Event
      Price Reduced
      Change
      -8%
      Price Per
      $902 ft2
      $9,708 m2
      06/23/2025
      $2.5M
      Event
      Price Reduced
      Change
      -7.41%
      Price Per
      $980 ft2
      $10,553 m2
      06/04/2025
      $2.7M
      Event
      Price Reduced
      Change
      -6.93%
      Price Per
      $1,059 ft2
      $11,397 m2
      02/24/2025
      $2.9M
      Event
      Listed
      Price Per
      $1,138 ft2
      $12,246 m2
      Price per square foot and days on website are not provided values and are calculated by Subdivisions.
      Listed by Mariela Lechin PAUnited Realty Group Inc • Buyer Agency Compensation .

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      Scores

      Walk Score®
      Somewhat Walkable. Some errands can be accomplished on foot
      68

      100
      Transit Score®
      Minimal Transit. It is possible to get on a bus
      24

      100
      Bike Score®
      Very Bikeable. Biking is convenient for most trips
      82

      100
      Sound Score®
      Bearable noise
      79

      100
      Airport Score
      Close to airports. Noticeable airport activity
      0

      100
      Traffic Score
      Congested area. Frequent traffic delays
      26

      100
      Local Score
      Limited local amenities nearby
      0

      100
      Community Snapshot
      2 – 4 BR
      Bedrooms
      $699K – $6M
      Price Tier
      858 - 6,123
      SqFt Range
      1989
      Year Build
      2
      Total Floors

      Subdivision Amenities

      Boating
      None
      Parking
      Pool

      Deerfield Beach
      Mid-Tier
      Mid-Tier Homes & Condos

      Ocean Vue Communities in Deerfield Beach, FL