Seller's Agent in 2025
Adam Redolfi
Alure Capital
(786) 328-9237
2 in this area
60 Total Sales
716 SW 9th Terrace Fort Lauderdale, FL 33315
Tarpon River Neighborhood
--
Bed
--
Bath
6,108
Sq Ft
2008
Built
Highlights
- Wood Flooring
- Central Heating and Cooling System
- 2-minute walk to Lewis Landing Park
- No HOA
About This Home
As of July 2025This is a prime investment opportunity in Fort Lauderdale’s prestigious Tarpon River. These two renovated townhouses, luxury multi-level units townhouses over 3,000 square feet of high-end living space, featuring travertine and porcelain flooring, European cabinetry, stainless steel appliances, and granite countertops. The third-floor master suites include private balconies and spa-like bathrooms, providing an elevated living experience. Both units are leased to quality tenants at $4,250 & $4,500 per month, delivering a rare 5.7% high yield cap rate in a premium market. As a fully turn-key asset, this property ensures immediate cash flow and low operational risk, positioning it as an attractive addition to any portfolio focused on capital preservation and growth. Included 4 parking spaces
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,226
Year Built
- Built in 2008
Parking
- 4 Parking Spaces
Home Design
- Duplex
- Barrel Roof Shape
- Concrete Roof
Interior Spaces
- 6,108 Sq Ft Home
- 2-Story Property
Flooring
- Wood
- Vinyl
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Total Actual Rent $105,000
- Rent includes sewer, trash collection
- Assessor Parcel Number 504209160120
Community Details
Overview
- No Home Owners Association
- 2 Units
- New Utopia Condos
- New Utopia Subdivision
Building Details
- Operating Expense $7,559
- Net Operating Income $81,250
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 16, 2024
Closed on
Jul 3, 2025
Sold by
Ib Townhomes Llc
Bought by
Goodman Jason
Seller's Agent
Adam Redolfi
Alure Capital
Buyer's Agent
Adam Redolfi
Alure Capital
List Price
$1,500,000
Sold Price
$1,230,000
Premium/Discount to List
-$270,000
-18%
Views
26
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-33.65%
Original Mortgage
$1,045,500
Outstanding Balance
$1,045,500
Interest Rate
6.86%
Mortgage Type
New Conventional
Estimated Equity
$82,969
Purchase Details
Closed on
Apr 26, 2012
Sold by
Mcna Properties Iv Llc
Bought by
Ib Townhomes Llc
Purchase Details
Closed on
Dec 20, 2011
Sold by
Mercantil Commerce Bank N A
Bought by
Mcna Properties Iv Llc
Purchase Details
Closed on
Jun 29, 2005
Sold by
Schott Terre L and Schott Lois Gealt
Bought by
Sunny River Holdings Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
5.8%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 22, 1993
Sold by
Schott Terr L and Gealt Schott Lois
Bought by
Carl I Brown & Co
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,959
Interest Rate
7.39%
Mortgage Type
FHA
Purchase Details
Closed on
Jun 1, 1991
Sold by
Available Not
Bought by
Available Not
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,230,000 | Attorneys Signature Title | |
| Special Warranty Deed | $565,000 | Attorney | |
| Quit Claim Deed | -- | Attorney | |
| Warranty Deed | $427,500 | -- | |
| Deed | -- | -- | |
| Warranty Deed | $84,857 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,045,500 | New Conventional | |
| Previous Owner | $20,000 | Commercial | |
| Previous Owner | $20,000 | Credit Line Revolving | |
| Previous Owner | $31,500 | Commercial | |
| Previous Owner | $50,000 | Commercial | |
| Previous Owner | $99,959 | FHA |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/04/2025 07/04/25 | Sold | $1,230,000 | -8.9% | $201 / Sq Ft |
| 04/25/2025 04/25/25 | Price Changed | $1,350,000 | -10.0% | $221 / Sq Ft |
| 09/21/2024 09/21/24 | For Sale | $1,500,000 | +22.0% | $246 / Sq Ft |
| 09/19/2024 09/19/24 | Off Market | $1,230,000 | -- | -- |
| 09/16/2024 09/16/24 | For Sale | $1,500,000 | -- | $246 / Sq Ft |
Source: MIAMI REALTORS® MLS
Tax History Compared to Growth
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 | $16,070 | $782,450 | $32,520 | $749,930 |
| 2024 | $16,226 | $797,230 | $47,300 | $749,930 |
| 2023 | $16,226 | $797,230 | $47,300 | $749,930 |
| 2022 | $15,344 | $766,730 | $47,300 | $719,430 |
| 2021 | $14,776 | $736,240 | $47,300 | $688,940 |
| 2020 | $18,321 | $932,270 | $47,300 | $884,970 |
| 2019 | $17,179 | $890,890 | $47,300 | $843,590 |
| 2018 | $18,169 | $1,054,250 | $47,300 | $1,006,950 |
| 2017 | $16,541 | $843,750 | $0 | $0 |
| 2016 | $15,548 | $767,050 | $0 | $0 |
| 2015 | $14,337 | $697,320 | $0 | $0 |
| 2014 | $13,114 | $633,930 | $0 | $0 |
| 2013 | -- | $582,190 | $47,300 | $534,890 |
Source: Public Records
Agents Affiliated with this Home
-
Adam Redolfi
Map
Source: MIAMI REALTORS® MLS
MLS Number: A11657601
APN: 50-42-09-16-0120
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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Nearby Homes
- 808 SW 9th Terrace Unit 808-B
- 808 SW 9th Terrace Unit 808-A
- 810 SW 10th Terrace
- 811 SW 10th Terrace
- 808 SW 8th Terrace
- 900 River Reach Dr Unit 517
- 900 River Reach Dr Unit 214
- 900 River Reach Dr Unit 518
- 811 SW 10th St
- 1000 River Reach Dr Unit 209
- 1000 River Reach Dr Unit 220
- 1000 River Reach Dr Unit 215
- 1000 River Reach Dr Unit 207
- 724 SW 8th Way
- 801 SW 10th St
- 1101 River Reach Dr Unit 215
- 1101 River Reach Dr Unit 102
- 1101 River Reach Dr Unit 206
- 1101 River Reach Dr Unit 418
- 1101 River Reach Dr Unit 212