Estimated payment $7,860/month
Highlights
- No HOA
- Tile Flooring
- Central Heating and Cooling System
About This Home
Seize this rare double quadplex investment on Hutchinson Island, a booming coastal market with rising property values and rental demand. Just steps from the beach with water views, this income-producing property features four spacious 2BD/1.5BA units (~1,000 SqFt each), 87.5% occupancy, impact windows, and recent renovations. With major redevelopment, a $600M surf park opening in 2026, and the Fort Pierce Port expansion, appreciation potential is immense. The neighboring quadplex is also available, offering investors a chance to scale. Secure this high-growth asset today—please request financials and projections. See RX-11070804 for 642 Eldorado.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $19,821
Year Built
- Built in 1984
Home Design
- Quadruplex
- Frame Construction
- Composition Roof
Interior Spaces
- 8 Bathrooms
- 4,004 Sq Ft Home
- 2-Story Property
Flooring
- Tile
- Vinyl
Additional Features
- 0.26 Acre Lot
- Central Heating and Cooling System
Community Details
- No Home Owners Association
- 4 Units
- Ocean View Subdivision Replat Holley & Morgan
Listing and Financial Details
- Assessor Parcel Number 240150300540004
Home Values in the Area
Average Home Value in this Area
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 | $19,821 | $866,700 | $378,500 | $488,200 |
| 2024 | $20,861 | $811,900 | $378,500 | $433,400 |
| 2023 | $20,861 | $846,900 | $347,000 | $499,900 |
| 2022 | $15,569 | $740,900 | $294,400 | $446,500 |
| 2021 | $13,653 | $531,900 | $131,400 | $400,500 |
| 2020 | $10,406 | $548,800 | $131,400 | $417,400 |
| 2019 | $9,867 | $536,100 | $131,400 | $404,700 |
| 2018 | $8,282 | $442,000 | $129,600 | $312,400 |
| 2017 | $7,484 | $374,200 | $113,400 | $260,800 |
| 2016 | $6,891 | $342,100 | $113,400 | $228,700 |
| 2015 | $5,994 | $254,900 | $105,300 | $149,600 |
| 2014 | $5,050 | $193,100 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/06/2025 11/06/25 | For Sale | $1,199,000 | 0.0% | $299 / Sq Ft | |
| 10/31/2025 10/31/25 | Off Market | $1,199,000 | -- | -- | |
| 05/13/2025 05/13/25 | Price Changed | $1,199,000 | -7.8% | $299 / Sq Ft | |
| 03/12/2025 03/12/25 | For Sale | $1,300,000 | 0.0% | $325 / Sq Ft | |
| 12/01/2023 12/01/23 | Rented | $1,900 | -5.0% | -- | |
| 11/28/2023 11/28/23 | Under Contract | -- | -- | -- | |
| 10/25/2023 10/25/23 | For Rent | $2,000 | 0.0% | -- | |
| 09/12/2022 09/12/22 | Sold | $1,150,000 | 0.0% | $287 / Sq Ft | View Prior Sale |
| 08/20/2022 08/20/22 | For Rent | $2,250 | +7.1% | -- | |
| 08/20/2022 08/20/22 | Rented | $2,100 | 0.0% | -- | |
| 08/13/2022 08/13/22 | Pending | -- | -- | -- | |
| 03/31/2022 03/31/22 | For Sale | $1,180,000 | +90.6% | $295 / Sq Ft | |
| 07/20/2020 07/20/20 | Sold | $619,000 | -1.0% | $155 / Sq Ft | View Prior Sale |
| 07/19/2020 07/19/20 | For Sale | $625,000 | -- | $156 / Sq Ft |
Source: BeachesMLS (Greater Fort Lauderdale)
MLS Number: R11070813
APN: 2401-503-0054-000-4
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