NOT LISTED FOR SALE

1 Royal Palm Dr Fort Lauderdale, FL 33301

Nurmi Isles Neighborhood

Estimated Value: $6,379,000 - $8,841,213

0.38 Acre
$20,880,889 Price per Acre
16,553 Sq Ft Lot

Last Sold January 23, 2015

Last sale price $2,965,000 $180 Per Sq Ft

Est. 168% increase in value since last sale

Current estimated payment $52,914/month

8 Days on Market

About This Lot

As of January 2015

Unique Interior Point lot with excellent Las Olas Exposure. Three 120 foot docks. Complete set of fully approved building plans and permits for a Modern Architecture 3 story home. Plans drawn for a 6 bed 7.5 baths with open floor plan and expansive par ty deck on third floor to accommodate an active lifestyle. Unobstructed views from all angles. Upper floors look out on downtown, Las Olas Blvd and Lake Balboa. Walk to beach and downtown with ease. Space for three 120 foot boats to tie up.

Last Agent to Sell the Property

Carla Denahan

Adache Real Estate, LLC License #3264689 Listed on: 01/15/2015

Last Buyer's Agent

Carla Denahan

Adache Real Estate, LLC License #3264689 Listed on: 01/15/2015

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $45,716

Year Built

  • Built in 1948

Lot Details

  • 0.38 Acre Lot
  • Home fronts a canal
  • East Facing Home
  • Site Plan Filed

Interior Spaces

  • 16,457 Sq Ft Home
  • Canal Views

Location

  • City Lot

Utilities

  • Underground Utilities
  • Cable TV Available

Community Details

  • Nurmi Isles Island No 1 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 504201090010

Property Details

Property Type

Land

Est. Annual Taxes

$45,716

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Residential
  • Property Sub Type Additional: Residential
  • Directions: LAS OLAS EAST TO ROYAL PALM DRIVE
  • Year Built: 1948
  • Special Features: None

Exterior Features

  • View: Canal
  • Lot Features: City Lot, 1/4 to 1/2 Acre Lot
  • Waterfront Features: Beach Access, Canal Front, Dock Access, Water Access
  • Waterfront: Yes
  • Direction Faces: East

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Underground Utilities, Water Available
  • Water Source: Public

Lot Info

  • Parcel #: 504201090010
  • Development Status: Site Plan Filed
  • Lot Size Acres: 0.38
  • Number Of Lots: 1
  • Zoning Description: RES

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 45716.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 8, 2023
Sold by
Stern Jeanine and Stern David J
Bought by
Stern David J and Stern Jeanine
Current Estimated Value
$7,934,738

Purchase Details

Closed on
Nov 28, 2022
Sold by
1 Rpd Llc
Bought by
Stern Jeanine

Purchase Details

Listed on
Jan 15, 2015
Closed on
Jan 22, 2015
Sold by
Suga Group Acquisition I Llc
Bought by
1 Rpd Llc
Seller's Agent
Carla Denahan
Adache Real Estate, LLC
Buyer's Agent
Carla Denahan
Adache Real Estate, LLC
List Price
$3,299,000
Sold Price
$2,965,000
Premium/Discount to List
-$334,000
-10.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.76%

Purchase Details

Listed on
Jun 27, 2012
Closed on
Oct 2, 2012
Sold by
Elly Steven
Bought by
Suga Group Acquisition I Llc
Seller's Agent
Kathleen Oros
RE/MAX Allstars
Buyer's Agent
Kathleen Oros
RE/MAX Allstars
List Price
$3,395,000
Sold Price
$2,500,000
Premium/Discount to List
-$895,000
-26.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.66%

Purchase Details

Closed on
Mar 4, 2009
Sold by
1 Royal Palm Investments Llc
Bought by
Elly Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,650,000
Interest Rate
4%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 1, 2005
Sold by
Russo James A
Bought by
1 Royal Palm Investments Llc

Purchase Details

Closed on
Mar 21, 2000
Sold by
Scott Joe H and Scott A
Bought by
Russo James A

Purchase Details

Closed on
Sep 28, 1999
Sold by
Morrison Susan A and Morrison Ronald Morrison
Bought by
Scott Joe H

Purchase Details

Closed on
Jul 9, 1998
Sold by
Michael Jon and Michael Muckleroy L
Bought by
Morrison Susan A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
7.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 6, 1994
Sold by
Castonguay Fred J and Castonguay Barbara M
Bought by
Muckleroy Jon Michael and Muckleroy Paula L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
7.26%
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Stern David J -- --
Stern Jeanine -- --
1 Rpd Llc $2,965,000 Tlc Title Company Of Fl Inc
Suga Group Acquisition I Llc $2,500,000 Attorney
Elly Steven $2,850,000 Title One Of Florida
1 Royal Palm Investments Llc $2,950,000 Sunbelt Title Agency
Russo James A $1,130,000 --
Scott Joe H $960,000 --
Morrison Susan A $689,000 --
Muckleroy Jon Michael $525,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Elly Steve $630,000
Previous Owner Elly Steven $1,650,000
Previous Owner Morrison Susan A $873,000
Previous Owner Morrison Susan A $904,000
Previous Owner Morrison Susan A $460,000
Previous Owner Muckleroy Jon Michael $420,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/23/2015 01/23/15 Sold $2,965,000 -10.1% $180 / Sq Ft
01/15/2015 01/15/15 For Sale $3,299,000 +32.0% $200 / Sq Ft
10/02/2012 10/02/12 Sold $2,500,000 -26.4% $730 / Sq Ft
09/02/2012 09/02/12 Pending -- -- --
06/27/2012 06/27/12 For Sale $3,395,000 -- $991 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Tax History Compared to Growth

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 $117,164 $6,283,090 $1,457,540 $4,825,550
2024 $130,929 $6,283,090 $1,457,540 $4,825,550
2023 $130,929 $6,924,880 $1,457,540 $5,467,340
2022 $111,316 $5,636,550 $0 $0
2021 $95,611 $5,124,140 $1,457,540 $3,666,600
2020 $91,839 $4,946,890 $1,457,540 $3,489,350
2019 $91,268 $4,894,200 $1,457,540 $3,436,660
2018 $86,676 $4,760,250 $1,457,540 $3,302,710
2017 $50,302 $2,722,670 $0 $0
2016 $50,538 $2,652,530 $0 $0
2015 $24,372 $1,242,850 $0 $0
2014 $24,828 $1,242,850 $0 $0
2013 -- $2,250,000 $1,242,850 $1,007,150
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2015

    Carla Denahan

    Adache Real Estate, LLC

    (954) 566-7400

    3 Total Sales

    Carla Denahan
    Section Image

  • K

    Seller's Agent in 2012

    Kathleen Oros

    RE/MAX

    (954) 646-3541

    1 in this area

    5 Total Sales

    Kathleen Oros
    Section Image
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F1325541

BeachesMLS (Greater Fort Lauderdale)

APN: 50-42-01-09-0010

Florida Broward County Fort Lauderdale 33301 Nurmi Isles

1 Royal Palm Dr, Fort Lauderdale, FL

This home is located at 1 Royal Palm Dr, Fort Lauderdale, FL 33301 since 15 January 2015 and is currently estimated at $7,934,738, approximately $482 per square foot. This property was built in 1948. 1 Royal Palm Dr is a home located in Broward County with nearby schools including Harbordale Elementary School, Sunrise Middle School, and Fort Lauderdale 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.

BeachesMLS (Greater Fort Lauderdale) All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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