NOT LISTED FOR SALE

Estimated Value: $5,381,000 - $7,743,000

0.25 Acre
$24,997,448 Price per Acre
10,890 Sq Ft Lot

Last Sold April 16, 2021

Last sale price $1,020,000 $617 Per Sq Ft

Est. 513% increase in value since last sale

Current estimated payment $41,380/month

59 Days on Market

About This Lot

As of April 2021

BUILD YOUR DREAM HOME HERE! Located in prestigious & guarded Seven Isles neighborhood, this prime property provides a unique opportunity to create your own South Florida oasis. Perfectly located walking distance to the beach, Las Olas shopping, dining & the airport. Plans and renderings for a one story home available. Schedule an appointment to see this outstanding lot today!

Last Agent to Sell the Property

Tim Elmes

Compass Florida, LLC License #486943 Listed on: 01/16/2021

Compass Florida, LLC

Last Buyer's Agent

James Hoffman

Heritage International Realty License #3047476

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $10,104

Lot Details

  • 0.25 Acre Lot
  • South Facing Home
  • Paved or Partially Paved Lot
  • Property is zoned RS-4.4

Community Details

  • Barcelona Isles Add 44 17 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 504201310050

Property Details

Property Type

Land

Est. Annual Taxes

$10,104

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Residential
  • Property Sub Type Additional: Residential
  • Directions: Taking Las Olas Blvd, north on Seven Isles Dr to Barcelona Dr. Turn east on Barcelona, the vacant lot will be on your left-hand side.
  • Special Features: VirtualTour

Exterior Features

  • Lot Features: 1/4 to 1/2 Acre Lot
  • Road Surface Type: Paved
  • Waterfront: No
  • Direction Faces: South

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel #: 504201310050
  • Development Status: Raw Land
  • Lot Size Acres: 0.25
  • Lot Size Sq Ft: 10800.0
  • Number Of Lots: 1
  • Zoning Description: RS-4.4
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 10104.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 3, 2022
Sold by
Unknown
Current Estimated Value
$6,249,362

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,900,000
Outstanding Balance
$3,704,993
Interest Rate
5.09%
Mortgage Type
New Conventional
Estimated Equity
$2,544,369

Purchase Details

Closed on
May 31, 2022
Sold by
Unknown

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,900,000
Outstanding Balance
$3,704,993
Interest Rate
5.09%
Mortgage Type
New Conventional
Estimated Equity
$2,544,369

Purchase Details

Listed on
Jan 16, 2021
Closed on
May 23, 2021
Sold by
Florida Phices 4 Rent Llc
Bought by
Tofte Vicki
Seller's Agent
Tim Elmes
Compass Florida, LLC
Buyer's Agent
James Hoffman
Heritage International Realty
List Price
$1,295,000
Sold Price
$1,020,000
Premium/Discount to List
-$275,000
-21.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
49.20%

Purchase Details

Listed on
Jan 16, 2021
Closed on
Apr 15, 2021
Sold by
Farano Gregory P and The Lima Family Trust
Bought by
Florida Places 4 Rent Llc
Seller's Agent
Tim Elmes
Compass Florida, LLC
Buyer's Agent
James Hoffman
Heritage International Realty
List Price
$1,295,000
Sold Price
$1,020,000
Premium/Discount to List
-$275,000
-21.24%

Purchase Details

Closed on
May 17, 2017
Sold by
Correll Todd and Correll Karin
Bought by
Farano Gregory P and The Lima Family Trust

Purchase Details

Listed on
Aug 26, 2015
Closed on
Aug 1, 2016
Bought by
Lima Fam Tr
Seller's Agent
Ronald Maruca
Charles Rutenberg Realty FTL
Buyer's Agent
Ronald Maruca
Charles Rutenberg Realty FTL
List Price
$899,900
Sold Price
$658,000
Premium/Discount to List
-$241,900
-26.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.86%

Purchase Details

Closed on
Feb 24, 2015
Sold by
Edelmayer Philip R and Edelmayer Georgina R
Bought by
Edelmayer Georgina R and Nicklaus Terri Lynn

Purchase Details

Closed on
May 6, 2008
Sold by
Edelmayer Philip R and Edelmayer Georgina R
Bought by
Edelmayer Philip R and Edelmayer Georgina R
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 Buyer Sale Price Title Company
-- $5,200,000 Florida Secured Title
-- $5,200,000 Florida Secured Title
Tofte Vicki -- Attorney
Florida Places 4 Rent Llc $1,020,000 Worldwide Ttl Escrow & Closi
Farano Gregory P $780,000 Attorney
Lima Fam Tr $658,000 --
Edelmayer Georgina R -- Attorney
Edelmayer Philip R -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open -- $3,900,000
Closed -- $3,900,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/16/2021 04/16/21 Sold $1,020,000 -21.2% $617 / Sq Ft
03/17/2021 03/17/21 Pending -- -- --
01/16/2021 01/16/21 For Sale $1,295,000 +96.8% $784 / Sq Ft
08/31/2016 08/31/16 Sold $658,000 -26.9% $278 / Sq Ft View Prior Sale
08/01/2016 08/01/16 Pending -- -- --
08/26/2015 08/26/15 For Sale $899,900 -- $381 / 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 $104,035 $5,662,800 -- --
2024 $88,687 $5,662,800 $918,000 $3,761,600
2023 $88,687 $4,680,000 $918,000 $3,762,000
2022 $17,146 $918,000 $918,000 $0
2021 $10,156 $540,000 $540,000 $0
2020 $10,104 $540,000 $540,000 $0
2019 $10,036 $540,000 $540,000 $0
2018 $9,801 $539,890 $539,890 $0
2017 $11,319 $598,780 $0 $0
2016 $3,808 $227,850 $0 $0
2015 $3,864 $226,270 $0 $0
2014 $3,897 $224,480 $0 $0
2013 -- $422,480 $324,000 $98,480
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10266836

BeachesMLS (Greater Fort Lauderdale)

APN: 50-42-01-31-0050