$22,500,000
SOLD APR 2, 2025
43 Acres
$523,256 Price per Acre
1,873,080 Sq Ft Lot

Recently Sold

10% Below List Price

5 Days on Market

Highlights

  • 43 Acre Lot
  • Home fronts a canal
  • Corner Lot
  • Hawkes Bluff Elementary School Rated A-

About This Lot

As of April 2025

***ONCE IN A LIFETIME OPPORTUNITY TO REDEVELOP 43 ACRES OF PRIME LAND IN SOUTHWEST RANCHES!!!***CURRENTLY ZONED “CF” (COMMUNITY FACILITY) & IS CURRENTLY OPERATING AS A SCHOOL &CHURCH. CF ZONING ALSO PERMITS FOR A CEMETERY OR "ALF"(ASSISTED LIVING FACILITY).

Last Agent to Sell the Property

Thomas Crivello

Tommy Crivello Real Estate Group License #3222956 Listed on: 03/01/2025

Last Buyer's Agent

Thomas Crivello

Tommy Crivello Real Estate Group License #3222956 Listed on: 03/01/2025

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $42,646

Lot Details

  • 43 Acre Lot
  • Lot Dimensions are 995x1503
  • Home fronts a canal
  • Property fronts a county road
  • Corner Lot
  • Oversized Lot
  • Irregular Lot
  • Property is zoned CF (I-1)

Additional Features

  • Canal Views
  • Cable TV Available

Community Details

  • New Testament Baptist Church Subdivision

Listing and Financial Details

  • Assessor Parcel Number 504027030010

Property Details

Property Type

Land

Est. Annual Taxes

$42,646

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Other
  • Property Sub Type Additional: Other
  • Directions: CORNER OF HANCOCK ROAD AND GRIFFIN ROAD.
  • Special Features: None

Exterior Features

  • View: Canal
  • Lot Features: 25-50 Acres, Corner Lot, Irregular Lot, Oversized Lot
  • Road Frontage Type: County Road
  • Waterfront Features: Canal Front
  • Waterfront: Yes
  • Disclosures: Agricultural Exemption

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Phone Available, Sewer Available, Trash Collection, Water Available
  • Water Source: Public

Lot Info

  • Parcel #: 504027030010
  • Current Use: Other
  • Lot Size Acres: 43.0
  • Lot Size: 995x1503
  • Lot Size Sq Ft: 3631597.0
  • Number Of Lots: 1
  • Zoning Description: CF (I-1)
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 42646.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2025
Closed on
Apr 2, 2025
Sold by
New Testament Baptist Church Incorporate
Bought by
C & D 40 Acre Llc
Seller's Agent
Thomas Crivello
Tommy Crivello Real Estate Group
Buyer's Agent
Thomas Crivello
Tommy Crivello Real Estate Group
List Price
$24,999,000
Sold Price
$22,500,000
Premium/Discount to List
-$2,499,000
-10%
Total Days on Market
5
Views
2

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.10%
Original Mortgage
$17,250,000
Outstanding Balance
$16,817,021
Interest Rate
6.85%
Mortgage Type
Balloon
Estimated Equity
$5,759,542

Purchase Details

Listed on
Jan 9, 2022
Closed on
Feb 24, 2022
Sold by
New Testament Baptist Church Incorporate
Bought by
Hancock 40Ac Llc
Seller's Agent
Thomas Crivello
Tommy Crivello Real Estate Group
Buyer's Agent
Thomas Crivello
Joe Caprio & Co. Real Estate
List Price
$12,999,000
Sold Price
$9,000,000
Premium/Discount to List
-$3,999,000
-30.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34.39%
Original Mortgage
$5,000,000
Interest Rate
3.55%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Warranty Deed $22,500,000 None Listed On Document
Warranty Deed $9,000,000 Grueninger Law Pa
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $17,250,000 Balloon
Previous Owner $5,000,000 New Conventional
Previous Owner $1,155,000 Unknown
Previous Owner $750,000 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2025 05/02/25 For Sale $25,000,000 -21.9% --
05/02/2025 05/02/25 For Sale $32,000,000 -43.9% --
05/02/2025 05/02/25 For Sale $57,000,000 0.0% --
05/02/2025 05/02/25 For Sale $57,000,000 +153.3% --
04/02/2025 04/02/25 Sold $22,500,000 -10.0% --
03/06/2025 03/06/25 Pending -- -- --
03/01/2025 03/01/25 For Sale $24,999,000 +177.8% --
02/24/2022 02/24/22 Sold $9,000,000 -30.8% --
01/25/2022 01/25/22 Pending -- -- --
01/09/2022 01/09/22 For Sale $12,999,000 -- --
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 $42,647 $5,590,100 -- --
2024 $49,990 $5,590,100 -- --
2023 $49,990 $4,619,920 $0 $0
2022 $32,612 $4,199,930 $0 $0
2021 $36,466 $4,209,930 $3,061,440 $1,148,490
2020 $52,606 $4,209,930 $3,061,440 $1,148,490
2019 $11,770 $4,209,930 $3,061,440 $1,148,490
2018 $13,464 $4,209,930 $3,061,440 $1,148,490
2017 $68,264 $7,339,350 $0 $0
2016 $11,345 $4,209,930 $0 $0
2015 $70,292 $7,338,800 $0 $0
2014 $10,113 $4,167,380 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10490919

BeachesMLS (Greater Fort Lauderdale)

APN: 50-40-27-03-0010