NOT LISTED FOR SALE

Estimated Value: $3,316,467 - $9,337,000

0.27 Acre
$19,442,861 Price per Acre
11,875 Sq Ft Lot

Last Sold February 08, 2021

Last sale price $1,485,000 $908 Per Sq Ft

Est. 257% increase in value since last sale

Current estimated payment $31,102/month

480 Days on Market

Highlights

  • Property has ocean access
  • Home fronts a canal
  • Paved or Partially Paved Lot
  • Harbordale Elementary School Rated A-

About This Lot

As of February 2021

Don't miss out on this amazing opportunity to build your dream home in the Las Olas Isles!! The lot is approx. 95x125 with 95 feet on deepwater. The property is located on the south side of Las Olas Blvd so you have easy access to the New River and the Inlet. Survey is available.

Last Agent to Sell the Property

Richard Masterson

One Sotheby's Int'l Realty License #496541 Listed on: 09/16/2019

One Sotheby's Int'l Realty

Last Buyer's Agent

Andy Ziffer

Compass Florida, LLC License #3270495

Compass Florida, LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $28,985

Lot Details

  • 0.27 Acre Lot
  • Home fronts a canal
  • West Facing Home
  • Paved or Partially Paved Lot
  • Property is zoned RS-8

Additional Features

  • Canal Views
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 504212080560

Community Details

Overview

  • Riviera 6 17 B Subdivision

Recreation

  • Property has ocean access
  • No Fixed Bridges
  • Seawall

Property Details

Property Type

Land

Est. Annual Taxes

$28,985

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Residential
  • Property Sub Type Additional: Residential
  • Directions: From Las Olas Blvd turn south on SE 25th Ave, then right on SE 5th Street, then left on Solar Isle Drive. The property will be on your left.
  • Special Features: VirtualTour

Exterior Features

  • View: Canal
  • Lot Features: 1/4 to 1/2 Acre Lot
  • Road Surface Type: Paved
  • Waterfront Features: Canal Front, Dock Access, No Fixed Bridges, Ocean Access, Seawall
  • Waterfront: Yes
  • Direction Faces: West

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Trash Collection, Water Available
  • Water Source: Public

Lot Info

  • Parcel #: 504212080560
  • Development Status: Raw Land
  • Lot Size Sq Ft: 11875.0
  • Number Of Lots: 1
  • Zoning Description: RS-8
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 28985.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 21, 2024
Sold by
600 Solar Isle Llc
Bought by
Cummings Robert J
Current Estimated Value
$5,300,367

Purchase Details

Closed on
Dec 1, 2021
Sold by
Cm Land Dev Corp
Bought by
600 Solar Isle Llc

Purchase Details

Listed on
Sep 16, 2019
Closed on
Feb 8, 2021
Sold by
Pelletier Todd and Kauffmann Kristin
Bought by
Cm Land Dev Corp
Seller's Agent
Richard Masterson
One Sotheby's Int'l Realty
Buyer's Agent
Andy Ziffer
Compass Florida, LLC
List Price
$1,695,000
Sold Price
$1,485,000
Premium/Discount to List
-$210,000
-12.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.01%
Original Mortgage
$1,285,000
Interest Rate
2.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 3, 2018
Sold by
Tumminello Frank A
Bought by
Pelletier Todd and Pelletier Kristin A

Purchase Details

Closed on
Oct 9, 2015
Sold by
Tumminello Frank
Bought by
Tumminello Frank A

Purchase Details

Closed on
Nov 6, 1997
Sold by
John Michael Brians Tr
Bought by
Tumminello Frank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
7.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 1992
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 Buyer Sale Price Title Company
Cummings Robert J $3,600,000 None Listed On Document
600 Solar Isle Llc $1,666,300 Ciklin Lubitz
Cm Land Dev Corp $1,485,000 Attorney
Pelletier Todd $1,450,000 Attorney
Tumminello Frank A $700,000 Attorney
Tumminello Frank $443,000 --
Available Not $8,571 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cm Land Dev Corp $1,285,000
Previous Owner Tumminello Frank $310,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/08/2021 02/08/21 Sold $1,485,000 -12.4% $908 / Sq Ft
01/09/2021 01/09/21 Pending -- -- --
09/16/2019 09/16/19 For Sale $1,695,000 -- $1,037 / 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 $39,647 $2,612,500 $2,612,500 --
2024 $36,602 $2,612,500 $2,612,500 --
2023 $36,602 $1,698,120 $0 $0
2022 $28,752 $1,543,750 $1,543,750 $0
2021 $24,296 $1,235,560 $0 $0
2020 $22,841 $1,425,000 $1,425,000 $0
2019 $18,977 $1,021,130 $1,021,130 $0
2018 $28,985 $1,582,490 $1,068,750 $513,740
2017 $27,299 $1,463,740 $0 $0
2016 $26,684 $1,387,090 $0 $0
2015 $25,414 $1,263,210 $0 $0
2014 $23,166 $1,148,380 $0 $0
2013 -- $1,059,560 $807,500 $252,060
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10192968

BeachesMLS (Greater Fort Lauderdale)

APN: 50-42-12-08-0560