$1,325,000
$125K PRICE DROP

500 SE 23rd Ave Pompano Beach, FL 33062

Santa Barbara Estates Neighborhood

Estimated payment $8,991/month

-- Beds
-- Baths
5,873 Sq Ft
$226 Price per Sq Ft

Highlights

  • No HOA
  • Heating Available
  • 1-Story Property
  • Central Air
  • Maintained Community
  • 2-minute walk to Lake Santa Barbara Park

About This Home

Multifamily Redevelopment Opportunity – Pompano Beach.Prime 0.26-acre (11,326 SF) site just blocks from the Intracoastal and the revitalized Atlantic Blvd corridor. Existing 5-unit multi-family villa complex with courtyard and patio spaces offered as-is; ideal for redevelopment into 5 modern luxury townhomes, consistent with surrounding new construction. Located within Pompano’s East Transit-Oriented Corridor, enhancing redevelopment flexibility. Surrounded by significant luxury and mixed-use investment, marinas, beaches, and waterfront dining. Strong buyer demand with limited supply of new luxury townhomes creating a scarcity premium. Rare opportunity combining income hold with long-term redevelopment upside. Do not disturb tenants. Multifamily site just blocks from the Intracoastal and Atlantic Blvd existing 5-unit/3 building structure (built in 1953) being sold as-is development opportunity. Please contact agents for more information.

Listing Agent

Gary Brown

Coral Shores Realty License #3032083 Listed on: 12/04/2025

Co-Listing Agent

Linda Cervantes

United Realty Group, Inc License #3087616

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,162

Year Built

  • Built in 1953

Lot Details

  • 11,413 Sq Ft Lot

Interior Spaces

  • 5,873 Sq Ft Home
  • 1-Story Property
  • Security Lights

Parking

  • 10 Parking Spaces
  • Common or Shared Parking

Utilities

  • Central Air
  • Heating Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 3 Buildings
  • Maintained Community

Listing and Financial Details

  • Assessor Parcel Number 494306070310

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,162

Year Built

Built in 1953

Lot Details

0.26 Acres

Listing Details

  • Property Type: Commercial Sale
  • Year Built: 1953
  • Property Sub Type: Multi Family
  • Business Type: Other
  • Co List Office Mls Id: FLL800518
  • Co List Office Phone: 561-235-2127
  • Directions: I-95 to Atlantic Blvd east to Federal Hwy / US-1Turn right (south) to SE 23rd Ave Turn left (east) to 500 SE 23rd Ave on your right.
  • Horses: No
  • Inclusions: Building Only, Business And Building
  • Lot Size Acres: 0.262
  • New Construction: No
  • Road Frontage Type: City Street, City
  • Building Stories: 1
  • Structure Type: Multi Family
  • CurrentPrice: 1325000
  • ShowingTimeFlag: Yes
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Number Of Buildings: 3
  • Stories: 1

Exterior Features

  • Construction Type: Concrete Block Construction
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot, Less Than 1 Acre
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Parking Features: Common
  • Total Parking Spaces: 10

Utilities

  • Sewer: At Site, Public Sewer, Other, Public Sanitation, Sewer
  • Water Source: Public
  • Green Building Features: Compressed Natural Gas
  • Cooling: Central Individual A/C, Central Air, Electric
  • Cooling Y N: Yes
  • Electric: 101-200 Amps
  • Electricity On Property: Yes
  • Heating: Central Individual A/C, Electric
  • Heating Yn: Yes
  • Security: Security Lights
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Gas Company: Natural Gas

Condo/Co-op/Association

  • Association: No
  • Community Features: Lawn/Pool Maintenance

Lot Info

  • Parcel Number: 494306070310
  • Lot Size Sq Ft: 11413
  • Zoning: RM-20

Rental Info

  • Tenant Pays: Lawn Care

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 20162

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/04/2025 12/04/25 For Sale $1,450,000 -- $247 / Sq Ft
Source: MIAMI REALTORS® MLS

Source: MIAMI REALTORS® MLS

MLS Number: F10541569

MIAMI REALTORS® MLS
Florida Broward County Pompano Beach 33062 Santa Barbara Estates

500 SE 23rd Ave, Pompano Beach, FL

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.

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Listing Agent
Gary Brown
Coral Shores Realty
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