$2,950,000
SOLD OCT 11, 2023

Davie, FL 33331

Towngate Neighborhood
22.03 Acres
$133,908 Price per Acre
959,627 Sq Ft Lot

Recently Sold

$9 Per Sq Ft

38% Below List Price

346 Days on Market

Highlights

  • Waterfront
  • 22.03 Acre Lot
  • Paved or Partially Paved Lot
  • Hawkes Bluff Elementary School Rated A-
  • Canal View

About This Lot

As of October 2023

INCREDIBLE COMMERCIAL LAND DEVELOPMENT OPPORTUNITY TO OWN 22.03 ACRES IN DAVIE, FL. IT'S COMPRISED OF 3 CONTIGUOUS PARCELS ZONED B2. EXISTING BUILDINGS NOT INCLUDED IN SALE. LOCATED OFF I-75, THIS PROPERTY HAS AN AVG. OF 48,500 TRIPS/DAY ON SHERIDAN ST & 145,500 TRIPS/DAY ON I-75 (2021 FDOT AADT) AND HAS A DENSE POPULATION W/ OVER 240,000 IN A 5 MILE RADIUS. THE PROPERTY FEATURES EXCESS PARKING THAT WOULD ALLOW THE DEVELOPMENT OF AN ADDITIONAL 45,000 SQFT +/- OF SPACE. THE PROPERTY IS CURRENTLY THE PARKING OF EXISTING BUILDINGS -NOT PART OF THIS OFFERING- THAT INCLUDE CINEMARK THEATERS, ASHELY FURNITURE, OCEAN ONE BAR & GRILL AND A VACANT RESTAURANT. NOTABLE TENANTS IN PD INCLUDE STARBUCKS, LOWE'S, PUBLIX, MCDONALD'S, E

Last Agent to Sell the Property

Federico Rochwerger, PA

The Keyes Company Brokerage Phone: (561) 866-9616 License #3014927 Listed on: 09/09/2022

The Keyes Company

Last Buyer's Agent

Angeline Earnest

Coldwell Banker Realty License #3525800

Coldwell Banker Realty

Property Details

Property Type

  • Land

Lot Details

  • 22.03 Acre Lot
  • Waterfront
  • Paved or Partially Paved Lot
  • Site Plan Filed
  • Property is zoned B-2

Additional Features

  • Canal Views
  • City Lot

Community Details

  • Britannia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 514004110010

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Commercial
  • Property Sub Type Additional: Commercial
  • Directions: I-75 TO SHERIDAN ST, HEAD WEST AND MAKE A FIRST RIGHT
  • Special Features: VirtualTour

Exterior Features

  • View: Canal
  • Lot Features: City Lot
  • Road Surface Type: Paved
  • View: Yes
  • Waterfront: Yes
  • Disclosures: Deed Restriction, Easement(s)

Lot Info

  • Parcel #: 514004110010
  • Development Status: Site Plan Filed
  • Lot Size Acres: 22.03
  • Lot Size: 11 to 25 Acres,Freeway A
  • Lot Size Sq Ft: 959573.0
  • Zoning Description: B-2
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 196430.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2022
Closed on
Oct 11, 2023
Sold by
Southwest Broward Theaters Holdings Ltd
Bought by
15601 Sheridan Street Llc
Seller's Agent
Federico Rochwerger, PA
The Keyes Company
Buyer's Agent
Angeline Earnest
Coldwell Banker Realty
List Price
$4,750,000
Sold Price
$2,950,000
Premium/Discount to List
-$1,800,000
-37.89%
Views
22

Purchase Details

Closed on
Feb 1, 1999
Sold by
Available Not
Bought by
Available Not
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 $2,950,000 None Listed On Document
Special Warranty Deed $10,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2024 11/22/24 For Sale $7,000,000 +137.3% --
10/11/2023 10/11/23 Sold $2,950,000 -37.9% $9 / Sq Ft
08/23/2023 08/23/23 Pending -- -- --
09/10/2022 09/10/22 For Sale $4,750,000 -- $14 / Sq Ft
Source: BeachesMLS

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 $145,072 $7,451,580 $6,584,000 $867,580
2024 $141,881 $7,451,580 $6,584,000 $867,580
2023 $141,881 $7,451,580 $6,584,000 $867,580
2022 $132,854 $6,989,670 $0 $0
2021 $120,786 $6,354,250 $5,486,670 $867,580
2020 $121,451 $6,354,250 $5,486,670 $867,580
2019 $112,676 $5,805,580 $4,938,000 $867,580
2018 $111,473 $5,805,580 $4,938,000 $867,580
2017 $111,459 $5,805,580 $0 $0
2016 $112,786 $5,805,580 $0 $0
2015 $112,101 $5,492,530 $0 $0
2014 $107,464 $4,993,210 $0 $0
2013 -- $5,805,580 $4,938,000 $867,580
Source: Public Records

Agents Affiliated with this Home

  • Angeline Earnest

    Seller's Agent in 2024

    Angeline Earnest

    Coldwell Banker Realty

    (954) 743-5222

    1 in this area

    8 Total Sales

    Angeline Earnest
    Section Image
  • Federico Rochwerger, PA

    Seller's Agent in 2023

    Federico Rochwerger, PA

    The Keyes Company

    (561) 866-9616

    1 in this area

    34 Total Sales

    Federico Rochwerger, PA
    Section Image
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Source: BeachesMLS

MLS Number: R10831056

BeachesMLS

APN: 51-40-04-11-0020

Florida Broward County Davie 33331

Towngate

This home and is currently priced at $2,950,000, approximately $8 per square foot. This home is a home located in Broward County with nearby schools including Hawkes Bluff Elementary School, Silver Trail Middle School, and West Broward 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 IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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