$2,499,900
UNDER CONTRACT $200K PRICE DROP

513 S Ocean Blvd Pompano Beach, FL 33062

Beachside Pompano Beach Neighborhood

Estimated payment $15,621/month

Total Views 1,896
-- Bed
12 Baths
5,872 Sq Ft
$426 Price per Sq Ft

Highlights

  • No HOA
  • Tile Flooring
  • Central Heating and Cooling System

About This Home

Do Not Walk Property or Disturb Tenants! Paradise Shores is an 8-Unit Multifamily in East Pompano Beach, Florida just steps to the Atlantic Ocean. The property is currently operating as a short term rental property with a strong repeat client list. Paradise Shores is well managed with many future bookings in place for year round activity. Paradise Shores has seen significant capital improvements including new furnishings, new air conditioning, new electrical service, newly lined sewer pipes, stabilization of operations, and much more. The units themselves are large more in line with private condominiums in the area making the property perfect for short term rentals. Parking is abundant as compared to similar properties in the area. Unit Mix (4) 2/2s (4) 1/1s.

Listing Agent

Steven Paulsen

Open Market Residential LLC License #3053136 Listed on: 09/25/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $32,142

Year Built

  • Built in 1972

Lot Details

  • 8,318 Sq Ft Lot

Home Design

  • Quadruplex
  • Built-Up Roof

Interior Spaces

  • 12 Bathrooms
  • 5,872 Sq Ft Home
  • 2-Story Property
  • Tile Flooring

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 494306061150

Community Details

Overview

  • No Home Owners Association
  • 8 Units
  • Blount Bros Pompano Beach Subdivision

Building Details

  • Gross Income $342,012
  • Net Operating Income $178,810

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$32,142

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Property Sub Type Additional: Quadruplex
  • Directions: From Atlantic and A1A (Ocean Blvd) head south to SE 6th Street. On the NW Corner of SE 6th and A1A
  • Year Built: 1972
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • DelayedMarketingYN: No
  • Special Features: 4224
  • Stories: 2

Interior Features

  • Flooring: Tile
  • Living Area: 5872.0

Exterior Features

  • Lot Features: < 1/4 Acre
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Built-Up

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Electric: 3 Phase
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: Park, Sidewalks
  • Association: No

Lot Info

  • Parcel #: 494306061150
  • Lot Size Acres: 0.19
  • Lot Size Sq Ft: 8276.4
  • Mobile Dim Units: Feet
  • Zoning: AOD

Rental Info

  • Tenant Pays: None

Multi Family

  • Property Net Operating Income: 178810.0
  • Number Of Units In Community: 8
  • Annual Gross Income: 342012.0

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 32141.9

Map

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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
2026 $33,215 $1,487,910 $166,940 $1,320,970
2025 $32,142 $1,487,910 $166,940 $1,320,970
2024 $29,463 $1,487,910 $166,940 $1,320,970
2023 $29,463 $1,287,170 $166,940 $1,120,230
2022 $30,166 $1,368,090 $166,940 $1,201,150
2021 $28,927 $1,315,070 $166,940 $1,148,130
2020 $20,426 $918,840 $166,940 $751,900
2019 $21,256 $952,330 $166,940 $785,390
2018 $25,980 $1,348,560 $166,940 $1,181,620
2017 $22,792 $1,035,250 $0 $0
2016 $20,636 $941,140 $0 $0
2015 $18,943 $855,590 $0 $0
2014 $12,211 $530,540 $0 $0
2013 -- $495,980 $166,940 $329,040
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/12/2025 11/12/25 Price Changed $2,499,900 -7.4% $426 / Sq Ft
09/25/2025 09/25/25 For Sale $2,699,900 0.0% $460 / Sq Ft
09/24/2025 09/24/25 Off Market $2,699,900 -- --
08/15/2025 08/15/25 For Sale $2,699,900 -- $460 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R11116550

BeachesMLS (Greater Fort Lauderdale)

APN: 49-43-06-06-1150

Florida Broward County Pompano Beach 33062 Beachside Pompano Beach

513 S Ocean Blvd, Pompano Beach, FL

Under Contract

MultiFamily

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Steven Paulsen
Listing Agent
Steven Paulsen
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Open Market Residential LLC
(754) 714-7179