NOT LISTED FOR SALE

Estimated Value: $2,828,000 - $4,475,000

0.41 Acre
$8,876,102 Price per Acre
17,860 Sq Ft Lot

Last Sold May 02, 2024

Last sale price $3,500,000 $1,721 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $24,098/month

49 Days on Market

Highlights

  • Property has ocean access
  • Intracoastal View
  • No HOA
  • Home fronts navigable water
  • 0.41 Acre Lot
  • Paved or Partially Paved Lot

About This Lot

As of May 2024

Great development opportunity. This multi-family zoned lot is situated on some of the most desirable waterfront real estate in South Florida. The lot sits on the eastside of the main intra-coastal waterway. Located at 117 S Riverside Dr, Pompano Beach, FL 33062. This prime property boasts a total of 18,000 sqft within the sought-after intra-coastal. Featuring Plans for a luxurious 6 Townhouse Project, overlooking the serene waterfront offering 2 docks 4 Boat Slips. This rare offering is ideal for investors or developers looking to create a sophisticated waterfront community.

Last Agent to Sell the Property

Manuel Fasce

REDFIN CORPORATION License #3286453 Listed on: 02/26/2024

REDFIN CORPORATION

Last Buyer's Agent

Manuel Fasce

REDFIN CORPORATION License #3286453 Listed on: 02/26/2024

REDFIN CORPORATION

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $22,500

Lot Details

  • 0.41 Acre Lot
  • Home fronts navigable water
  • Property fronts an intracoastal waterway
  • East Facing Home
  • Paved or Partially Paved Lot

Additional Features

  • Intracoastal Views
  • City Lot

Listing and Financial Details

  • Assessor Parcel Number 494306110500

Community Details

Overview

  • No Home Owners Association
  • Pompano Beach Park Subdivision

Recreation

  • Property has ocean access
  • Seawall

Property Details

Property Type

Land

Est. Annual Taxes

$22,500

Lot Details

0.41 Acres

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Unimproved Land
  • Property Sub Type Additional: Unimproved Land
  • DelayedMarketingYN: No
  • Special Features: VirtualTour

Exterior Features

  • View: Intercoastal
  • Lot Features: Cleared, City Lot, 1/4 to 1/2 Acre Lot
  • Road Frontage Type: Public Road
  • Road Surface Type: Paved
  • View: Yes
  • Waterfront Features: Intracoastal Access, Navigable Water, Ocean Access, Seawall
  • Waterfront: Yes
  • Direction Faces: East

Utilities

  • Utilities: Sewer Available

Condo/Co-op/Association

  • Amenities: Beach Access
  • Association: No

Lot Info

  • Parcel #: 494306110500
  • Current Use: Multi-Family
  • Development Status: Raw Land
  • Lot Size Acres: 0.41
  • Lot Size Sq Ft: 18000.0
  • Number Of Lots: 1
  • Possible Use: Commercial
  • Mobile Dim Units: Feet
  • Zoning: AOD RM-45

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 22499.5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2024
Closed on
May 2, 2024
Sold by
113 S Riverside Llc and Royal Quality Homes Of Florida Llc
Bought by
River Dev Llc
Seller's Agent
Manuel Fasce
REDFIN CORPORATION
Buyer's Agent
Manuel Fasce
REDFIN CORPORATION
List Price
$4,000,000
Sold Price
$3,500,000
Premium/Discount to List
-$500,000
-12.5%
Views
38
Current Estimated Value
$3,639,202

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$139,202
Avg. Annual Appreciation
2.18%

Purchase Details

Closed on
Aug 28, 2018
Sold by
Karam Family Llc
Bought by
113 S Riverside Llc

Purchase Details

Closed on
Apr 27, 2017
Sold by
Karam Family Llc
Bought by
Karma Family Llc and Royal Quality Homes Of Florida Llc

Purchase Details

Closed on
Oct 20, 2016
Sold by
Karam Keonard
Bought by
Karam Family Llc

Purchase Details

Closed on
May 22, 2015
Sold by
Sail Up Llc
Bought by
Karam Leonard

Purchase Details

Listed on
Jan 23, 2013
Closed on
May 3, 2013
Sold by
Nationstar Mortgage Llc
Bought by
Sail Up Llc
Seller's Agent
Robert Tammaro
MMLS Assoc.-Inactive Member
Buyer's Agent
Luc Gauthier
Charles Rutenberg Realty LLC
List Price
$375,000
Sold Price
$420,000
Premium/Discount to List
$45,000
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
18.44%

Purchase Details

Listed on
Jan 23, 2013
Closed on
May 2, 2013
Sold by
Aurora Loan Services Llc
Bought by
Nationstar Mortgage Llc
Seller's Agent
Robert Tammaro
MMLS Assoc.-Inactive Member
Buyer's Agent
Luc Gauthier
Charles Rutenberg Realty LLC
List Price
$375,000
Sold Price
$420,000
Premium/Discount to List
$45,000
12%

Purchase Details

Closed on
Oct 30, 2012
Sold by
Alencar Gineton G and Alencar Maria Antonietta
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Nov 3, 2006
Sold by
Bearden Doyle L and Bearden Maria Z
Bought by
Alencar Gineton G and Alencar Maria Antonietta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$765,000
Interest Rate
7.62%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 13, 2003
Sold by
Coffey Kevin and Walsh John
Bought by
Bearden Doyle L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$452,000
Interest Rate
4.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 19, 2001
Sold by
Iran N Yagob I
Bought by
Coffey Kevin and Walsh John

Purchase Details

Closed on
Apr 1, 1993
Sold by
Available Not
Bought by
Available Not
Source: Public Records
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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
River Dev Llc $3,500,000 None Listed On Document
113 S Riverside Llc -- Attorney
Karma Family Llc $700,000 Attorney
Karam Family Llc -- None Available
Karam Leonard $650,000 All Florida Title Co Inc
Sail Up Llc $420,000 First American Title Ins Co
Nationstar Mortgage Llc -- First American
Aurora Loan Services Llc $307,700 None Available
Alencar Gineton G $1,020,000 Land Star Title Inc
Bearden Doyle L $565,000 Patch Reef Title Co Inc
Coffey Kevin $395,000 --
Available Not $219,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Alencar Gineton G $765,000
Previous Owner Bearden Doyle L $452,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/02/2024 05/02/24 Sold $3,500,000 -12.5% $1,721 / Sq Ft
04/16/2024 04/16/24 Pending -- -- --
02/26/2024 02/26/24 For Sale $4,000,000 +852.4% $1,967 / Sq Ft
05/24/2013 05/24/13 Sold $420,000 +12.0% $47 / Sq Ft View Prior Sale
05/01/2013 05/01/13 Pending -- -- --
01/22/2013 01/22/13 For Sale $375,000 -- $42 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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
2026 $64,204 $3,150,000 $3,150,000 --
2025 $31,222 $2,250,000 $2,250,000 --
2024 $22,500 $2,250,000 $2,250,000 --
2023 $22,500 $1,080,000 $1,080,000 $0
2022 $22,234 $1,080,000 $1,080,000 $0
2021 $30,482 $1,441,220 $0 $0
2020 $16,154 $785,860 $450,630 $335,230
2019 $14,651 $744,250 $450,630 $293,620
2018 $14,388 $683,440 $450,630 $232,810
2017 $13,396 $649,940 $0 $0
2016 $13,410 $644,480 $0 $0
2015 $9,450 $433,200 $0 $0
2014 $11,938 $549,480 $0 $0
2013 -- $549,230 $450,630 $98,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10963070

BeachesMLS (Greater Fort Lauderdale)

APN: 49-43-06-11-0500

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