South Florida
Closed
Washington Park, 2399 Sistrunk Blvd, Fort Lauderdale, FL 33311
749,985(-20% )
$600,000Price
0.23Acre
Save
Details
Save
Status:
Sold - Jan 15, 2025
Size: 0.23 Acres (921 m2)
Price: $2,608,696/Acre ($652/m2)
Type: Land
MLS Number: F10463717
On Site: 276 Days
Updated: 196 Days ago
Page Views: 0
Rare opportunity on rapidly developing sistrunk blvd. Drive sistrunk: see surge of construction. 1/4 acre corner lot. 15 units can be built by right: land has been entitled. Site plan for 15 large 1 bed/1 bath units. 7-9 of the units can possibly be 1 bed w/dens or 2 bed. Permits have not been pulled. Use site plan, customize or design your own. Recently sold comps in area:$66.7k-$84.5k per unit for land. Active comps in area:$60k-$99k per unit for land. Subject property under $50k per unit; over $250k off market value. New 1 bed apts nearby rent:$1.6k-$2.3k. New 2 bed apts nearby rent:$2.4k-$3k. Construction cost $2.2m+/-. All in cost:$3m+/-. Value once built:$4m+/-. $1m+/- instant equity. Potential 10%+/- cap rate. Opportunity zone. Huge tax benefits. Seller will finance or joint venture
Features
All features
- Approx SqFt Total Area: 9909
- Property SqFt: 9909
- Remarks: Rare opportunity on rapidly developing Sistrunk Blvd. Drive Sistrunk: see surge of construction. 1/4 acre corner lot. 15 units can be built by right: Land has been entitled. Site plan for 15 large 1 bed/1 bath units. 7-9 of the units can possibly be 1 bed w/dens or 2 bed. Permits have not been pulled. Use site plan, customize or design your own. Recently sold comps in area:$66.7k-$84.5k per unit for land. Active comps in area:$60k-$99k per unit for land. Subject property under $50k per unit; OVER $250k OFF market value. New 1 bed apts nearby rent:$1.6k-$2.3k. New 2 bed apts nearby rent:$2.4k-$3k. Construction cost $2.2M+/-. All in cost:$3M+/-. Value once built:$4M+/-. $1M+/- instant equity. Potential 10%+/- cap rate. Opportunity zone. Huge tax benefits. Seller will finance or joint venture
- Internet Remarks: Rare opportunity on rapidly developing Sistrunk Blvd. Drive Sistrunk: see surge of construction. 1/4 acre corner lot. 15 units can be built by right: Land has been entitled. Site plan for 15 large 1 bed/1 bath units. 7-9 of the units can possibly be 1 bed w/dens or 2 bed. Permits have not been pulled. Use site plan, customize or design your own. Recently sold comps in area:$66.7k-$84.5k per unit for land. Active comps in area:$60k-$99k per unit for land. Subject property under $50k per unit; OVER $250k OFF market value. New 1 bed apts nearby rent:$1.6k-$2.3k. New 2 bed apts nearby rent:$2.4k-$3k. Construction cost $2.2M+/-. All in cost:$3M+/-. Value once built:$4M+/-. $1M+/- instant equity. Potential 10%+/- cap rate. Opportunity zone. Huge tax benefits. Seller will finance or joint venture
- Waterfront: No info
- Days on Market: 40
- Closing Date: 2025-01-15
- Office Name: United Realty Group Inc.
- Area: 9909
- Taxes: 2062
- Tax Year: 2023
- Listing Date: 2024-10-28T10:05:33.000-00:00
- Lot Size Square Feet: 9909
Price History
01/15/2025
Date
Sold
Event
$600K
Price
-20%
Change Rate
$61 ft2 / $652 m2
Price Per
10/28/2024
Date
Listed
Event
$750K
Price
$76 ft2 / $815 m2
Price Per
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Michael Sheer • United Realty Group Inc. • Buyer Agency Compensation .
Instant Comps
No Comparable Units Found: We couldn't locate comparable properties at this time. Contact us for a FREE, no-obligation Comparative Market Analysis (CMA) from a licensed RE advisor.
THINKING OF SELLING IN Washington Park at Fort Lauderdale?
Request a Comparative Market Analysis (CMA), It's free and comes with no obligation.
Fort Lauderdale Entry-Level Homes & Condos
- L'Ambiance Beach Condo1
- 100 Hendricks Townhouse1
- 100 Las Olas Condo9
- 10X Fort Lauderdale Condo0
- 10X Riverwalk Condo0
- 1200 Club Condo1
- 12th Court Townhouses Townhouse0
- 1353 Holly Heights Condo0
- 14 South Townhouse1
- 160 Marina Bay Condo4
- 1750 Las Olas Co-Op1
- 2889 Club Apartment Condo0
- 30 Thirty North Ocean Mixed3
- 3000 Waterside Condo0
- 321 At Water Edge Condo1
- 33 Intracoastal Condo1
- 350 Las Olas Place Condo6
- 353 Sunset Las Olas Condo3
- 45 Hendricks Condo1
- 49th Street Townhomes Townhouse2
- 64 Isle Of Venice Condo0
- 7 East Mixed1
- 76 Isle Of Venice Mixed0
- 8 At Croissant Park Townhouse0
- 900 Place Townhouse0
- 912 Victoria Townhomes Townhouse0
- Academy Award House0
- Academy Hills Multifamily0
- Acapulco Townhomes Townhouse1
- Adagio Fort Lauderdale Beach Condo2
- Adagio On The Bay Condo1
- Alagon Co-Op0
- Aldens Mixed1
- Alexander Hamilton Co-Op0
- Alhambra Place Condo0
- Allenwood Multifamily1
- Alta Vista Terrace Land0
- Amadale Multifamily0
- American Tectonics Condo0
- Americas On The Park Condo2
- Andare Residences By Pininfarina Condo0
- Ansonia Gardens Townhouse1
- Apple Creek Townhomes Townhouse0
- Aqua Bella Townhouse2
- Aqua Vista House1
- Aquablu Condo2
- Aqualuna Las Olas Condo1
- Aquamar Las Olas Condo1
- Aquarius Condo1
- Aquavita Las Olas Condo2
- Aquavue Las Olas Condo1
- Arbor Keys Condo3
- Aria At Las Olas Condo0
- Arrowhead Estates Multifamily2
- Arrowhead Golf & Tennis Club Townhouse0
- Artesia By Minto Condo1
- Artist Colony Condo2
- Ashley House Condo2
- Ashmont At Kings Point Condo5
- Asoka Mixed1
- Asoka Bali Condo0
- Aspen House Condo0
- Aspetuck Point House0
- Atelier Lofts Townhouse1
- Atlantic Beach Villas Townhouse0
- Atlantic Towers Co-Op11
- Auberge Beach Residences & Spa Condo10
- Avenue Lofts Condo5
- Avon Heights House0
- Avon Isles House0
- Azul At Kimberly Lake Condo0
- Bal Harbour Mixed4
- Bamboo Flats Townhouse4
- Bamboo Villas Condo0
- Barcelona Isle House2
- Barcelona Villas Multifamily1
- Barclay Square Condo1
- Bay Club Condo0
- Bay Colony Club Condo13
- Bay Island Villas Mixed0
- Bayshore Embassy Condo1
- Bayshore Towers Condo7
- Bayview 32 Condo0
- Bayview Landings Townhouse0
- Bayview Village Mixed1
- Beach Breeze Co-Op1
- Beach Ridge Mixed1
- Beach Shore Co-Op3
- Beach Side Co-Op0
- Beach Vista Co-Op0
- Beach Way Heights Mixed5
- Beachdale Co-Op0
- Beaumont Co-Op1
- Bel-Aire Condo0
- Bel-Ter House4
- Belfort Condo1
- Belfort At Kings Point Condo3
- Bella Caprese Townhomes Townhouse0
- Bella Vista Townhouse0
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity' Program of the Regional Multiple Listing Service of Miami Dade, Broward, Palm Beach, Collier and Lee Counties. Not all listings found on this site are necessarily listed through Subdivisions.com. Real estate listings held by brokerage firms other than Subdivisions.com are marked with the Broker Reciprocity' logo or the Broker Reciprocity' thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.
Company | Legal | Social Media |
About Us | Privacy Policy | |
Press Room | Terms of Use | |
Blog | DMCA Notice | |
Contact Us | Accessibility |
Copyright © 2025 Subdivisions.com • All Rights Reserved • Made with ❤ in Miami, Florida.