Derek Varona
Sea Grove Realty
(786) 460-5548
107 Total Sales
1 in Pinecrest
$2,500,000 Price
10621 SW 77th Ct Pinecrest, FL 33156
Pinecrest AreaEstimated Value: $1,716,478
6
Beds
4
Baths
3,275
Sq Ft
$524/Sq Ft
Est. Value
Highlights
- New Construction
- In Ground Pool
- No HOA
- Palmetto Elementary School Rated A
- Marble Flooring
- Central Air
About This Home
As of September 2022*ALREADY PRODUCING $12,000 PER MONTH. BOTH UNITS RENTED* Collect rent from high quality tenants that make passive income a breeze. This duplex is now producing $12,000 a month. With a low initial tax basis, this property is destined to be a great investment. It has been extensively renovated and is basically brand new: new roof, new pool, new bathrooms, new tile. The below financials are already in place and end up at a cap rate of ~6.2%. Effortlessly get your cash into the mid teens when purchased with leverage. Monthly income: $12,000 Yearly property taxes $17,000 (includes post-purchase adjustment) Yearly insurance $4,000 Yearly utilities & misc costs $2,400 Total expenses $23,400 Total income $144,000 ***NOI $120,600*** @ ~6.1% cap rate = $1,970,000
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,214
Year Built
- Built in 2022 | New Construction
Lot Details
- 0.34
Parking
- 4 Parking Spaces
Home Design
- Duplex
- Shingle Roof
Interior Spaces
- 3,275 Sq Ft Home
- 1-Story Property
- Ceiling Fan
Flooring
- Marble
- Ceramic Tile
Pool
- In Ground Pool
Utilities
- Central Air
- Heating Available
- Separate Meters
- Septic Tank
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 2050100370020
Community Details
Overview
- No Home Owners Association
- 2 Units
- Palmetto Duplexes Addn No Subdivision
Building Details
- Gross Income $12,000
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 18, 2022
Closed on
Aug 31, 2022
Sold by
Bought by
Buyer's Agent
Maria Lea Plaza
LP Realty, LLC.
List Price
$1,970,000
Sold Price
$1,870,000
Premium/Discount to List
-$100,000
-5.08%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$153,522
Avg. Annual Appreciation
-2.15%
Purchase Details
Closed on
Jun 11, 2021
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
2.9%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 31, 2017
Sold by
Bought by
Purchase Details
Closed on
Oct 4, 2016
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
3.46%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 20, 2006
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
6.05%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Jan 10, 1993
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Pinecrest, FL
-
Derek Varona
-
Claudia Arias-Schreiber
Claudia Arias-Schreiber
Xcellence
(866) 744-8864
24 Total Sales
1 in Pinecrest
$3,200,000 Price
-
David Greg Witt
David Greg Witt
Florida Realty of Miami Corp
(786) 567-3175
30 Total Sales
1 in Pinecrest
$1,075,000 Price
-
Daniel Golik
Daniel Golik
Compass Florida, LLC
(786) 418-7446
69 Total Sales
3 in Pinecrest
$255K - $1.4M Price Range
-
Ernesto Bascuas
Ernesto Bascuas
Compass Florida, LLC
(786) 590-0267
76 Total Sales
6 in Pinecrest
$1.8M - $3M Price Range
-
Leonardo Delgado Jr.
Leonardo Delgado Jr.
Resivest Realty LLC
(786) 706-5138
29 Total Sales
1 in Pinecrest
$1,900,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,870,000 | -- | ||
| $850,000 | Attorney | ||
| -- | Attorney | ||
| $157,500 | Attorney | ||
| $725,000 | Attorney | ||
| $211,500 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $500,000 | ||
| Previous Owner | $315,000 | ||
| Previous Owner | $368,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/01/2022 09/01/22 | Sold | $1,870,000 | -5.1% | $571 / Sq Ft |
| 08/04/2022 08/04/22 | Pending | -- | -- | -- |
| 07/18/2022 07/18/22 | For Sale | $1,970,000 | -- | $602 / Sq Ft |
Source: BeachesMLS (Greater Fort Lauderdale)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $26,573 | $1,577,231 | ||
| 2024 | $25,260 | $1,433,847 | $662,500 | $771,347 |
| 2023 | $25,260 | $1,366,695 | $587,500 | $779,195 |
| 2022 | $14,124 | $735,137 | $462,500 | $272,637 |
| 2021 | $12,214 | $609,994 | $400,000 | $209,994 |
| 2020 | $11,821 | $586,714 | $375,000 | $211,714 |
| 2019 | $11,907 | $588,434 | $375,000 | $213,434 |
| 2018 | $10,974 | $552,916 | $312,500 | $240,416 |
| 2017 | $10,850 | $554,873 | $0 | $0 |
| 2016 | $10,049 | $482,290 | $0 | $0 |
| 2015 | $9,293 | $438,446 | $0 | $0 |
| 2014 | $8,598 | $398,588 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Maria Lea Plaza
M
Buyer's Agent in 2022
Maria Lea Plaza
LP Realty, LLC.
(305) 967-8820
68 Total Sales
Map
Source: BeachesMLS (Greater Fort Lauderdale)
MLS Number: A11239953
APN: 20-5010-037-0020
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.
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 2026 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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