$2,000,000
SOLD JUN 2, 2025

1940 E Terra Mar Dr Pompano Beach, FL 33062

Beachside Pompano Beach Neighborhood
2 Beds
2 Baths
1,932 Sq Ft
10,498 Sq Ft Lot

Recently Sold

$1,035 Per Sq Ft

20% Below List Price

118 Days on Market

Highlights

  • 125 Feet of Waterfront
  • Beach
  • Canal View
  • Property has ocean access
  • Gated Community
  • Room in yard for a pool

About This Home

As of June 2025

BRING ALL OFFERS! Unique Opportunity to live in the most desirable Island in Broward County. Over 125 feet on water with enormous potential to match some of the upscale homes in the area. Single-family home built in 1953, featuring 2 bedrooms and 2 bathrooms, totaling 1,932 square feet. Terra Mar is an exclusive island community comprising approximately 185 homes, surrounded by the Intracoastal Waterway & accessible via a private bridge & gate. Residents enjoy a serene environment with direct ocean access & no fixed bridges, making it a boater's paradise. The neighborhood offers a private deeded beach club equipped with a cabana, showers, grills, and picnic areas, enhancing the resort-style living experience. Lauderdale-by-the-Sea is renowned for its charm that appeals residents & visitors

Last Agent to Sell the Property

Milva Gilluly

Berkshire Hathaway HomeServices FL Realty License #3275453 Listed on: 01/19/2025

Berkshire Hathaway HomeServices FL Realty

Last Buyer's Agent

Lana Bell

Douglas Elliman License #3084882

Douglas Elliman

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,436

Year Built

  • Built in 1953

Lot Details

  • 10,498 Sq Ft Lot
  • 125 Feet of Waterfront
  • Northeast Facing Home
  • Fenced
  • Property is zoned RS-5

HOA Fees

  • $6 Monthly HOA Fees

Property Views

  • Canal
  • Garden

Home Design

  • Flat Roof Shape
  • Tile Roof

Interior Spaces

  • 1,932 Sq Ft Home
  • 1-Story Property
  • Furnished or left unfurnished upon request
  • Decorative Fireplace
  • Jalousie or louvered window
  • Formal Dining Room
  • Sun or Florida Room
  • Utility Room

Kitchen

  • Breakfast Bar
  • Dishwasher

Flooring

  • Tile
  • Terrazzo

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Carport Spaces
  • Driveway

Outdoor Features

  • Room in yard for a pool
  • Property has ocean access
  • No Fixed Bridges
  • Canal Access
  • Deck

Schools

  • Mcnab Elementary School
  • Pompano Beach Middle School
  • Blanche Ely High School

Utilities

  • Central Heating and Cooling System
  • Co-Op Membership Included
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 494306200020
  • Seller Considering Concessions

Community Details

Overview

  • Terra Mar Island Estates Subdivision

Recreation

  • Beach

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,436

Year Built

Built in 1953

Lot Details

0

HOA Fees

$6 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: FL-A1A / S Ocean Blvd , Turn right onto Terra Mar Dr, Turn left onto E Terra Mar Dr, Arrive at E Terra Mar Dr on the left.
  • Year Built: 1953
  • Architectural Style: Ranch, One Story
  • Carport Y N: Yes
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Interior Amenities: Breakfast Bar, Dining Area, Separate/Formal Dining Room, First Floor Entry, Fireplace, Kitchen/Dining Combo, Main Level Primary, Tub Shower
  • Main Level Bedrooms: 2
  • Furnished: Negotiable
  • Appliances: Dryer, Dishwasher, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Decorative
  • Flooring: Terrazzo, Tile
  • Living Area: 1932.0
  • Dining Room Type: Florida Room, Laundry, Storage Room, Utility Room
  • Window Features: Jalousie

Exterior Features

  • Exterior Features: Deck, Fence, Room For Pool
  • View: Canal, Garden, Water
  • Road Frontage Type: Waterfront
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Beach Access, Canal Access, Dock Access, No Fixed Bridges, Ocean Access, Water Access
  • Waterfront: Yes
  • Construction Type: Block
  • Direction Faces: Northeast
  • Patio And Porch Features: Deck
  • Property Condition: Resale
  • Roof: Flat, Tile

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Carport Spaces: 2.0
  • Garage Yn: No
  • Parking Features: Driveway

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 75.0
  • Community Features: Beach, Club Membership Available, Gated
  • Senior Community: No
  • Association Fee Frequency: Annually
  • Association: Yes
  • Pets Allowed: No Pet Restrictions, Yes

Schools

  • Elementary School: Mcnab
  • High School: Blanche Ely
  • Middle Or Junior School: Pompano Beach

Lot Info

  • Parcel #: 494306200020
  • Lot Size Sq Ft: 10498.0
  • Zoning Description: RS-5

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6436.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2025
Closed on
Jun 2, 2025
Sold by
Baran Donna and Baran Joseph Michael
Bought by
Labzin Alexey
Seller's Agent
Milva Gilluly
Berkshire Hathaway HomeServices FL Realty
Buyer's Agent
Lana Bell
Douglas Elliman
List Price
$2,500,000
Sold Price
$2,000,000
Premium/Discount to List
-$500,000
-20%
Views
40
Current Estimated Value
$1,968,412

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$31,588
Avg. Annual Appreciation
-2.80%

Purchase Details

Closed on
Jul 3, 2019
Sold by
Tosta Joseph
Bought by
Tosta Joseph and Tosta Joseph Michael

Purchase Details

Closed on
Aug 1, 1986
Sold by
Available Not
Bought by
Available Not
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 $2,000,000 Global America Title Services
Interfamily Deed Transfer -- Attorney
Warranty Deed $45,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/02/2025 06/02/25 Sold $2,000,000 -16.5% $1,035 / Sq Ft
05/17/2025 05/17/25 Pending -- -- --
04/17/2025 04/17/25 Price Changed $2,395,000 -4.2% $1,240 / Sq Ft
01/19/2025 01/19/25 For Sale $2,500,000 -- $1,294 / 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 $6,594 $1,043,490 $453,510 $589,980
2024 $6,436 $1,043,490 $453,510 $589,980
2023 $6,436 $412,860 $0 $0
2022 $6,019 $400,840 $0 $0
2021 $5,819 $389,170 $0 $0
2020 $6,194 $383,800 $0 $0
2019 $6,090 $375,180 $0 $0
2018 $5,899 $368,190 $0 $0
2017 $5,867 $360,620 $0 $0
2016 $5,916 $353,210 $0 $0
2015 $5,722 $350,760 $0 $0
2014 $5,791 $347,980 $0 $0
2013 -- $510,710 $419,920 $90,790
Source: Public Records

Agents Affiliated with this Home

  • Milva Gilluly

    Seller's Agent in 2025

    Milva Gilluly

    Berkshire Hathaway HomeServices FL Realty

    (954) 775-7538

    4 in this area

    72 Total Sales

    Milva Gilluly
    Section Image
  • Lana Bell

    Buyer's Agent in 2025

    Lana Bell

    Douglas Elliman

    (305) 336-0457

    1 in this area

    85 Total Sales

    Lana Bell
    Section Image
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10481989

BeachesMLS (Greater Fort Lauderdale)

APN: 49-43-06-20-0020

Florida Broward County Pompano Beach 33062 Beachside Pompano Beach

1940 E Terra Mar Dr, Pompano Beach, FL

Sold

Detached

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