$1,395,000
Fort Lauderdale, FL 33312
MLS# F10519002
1 / 47
Property Description
Located in the heart of the desirable Sailboat Bend Historic District, this prime property offers an unparalleled investment opportunity just minutes from downtown Fort Lauderdale and the Discovery Center. Situated on approximately 1/3 acre and zoned RMM-25 (Residential Multifamily Medium High Density), this site provides the flexibility to expand and capitalize on its full potential.Currently, the property features two charming income-producing cottages generating $3,600/month in rental income. With the potential to add 5+ additional multi-level units, this property presents a rare chance for a developer or private owner to create a boutique multifamily development in one of Fort Lauderdale’s most unique and historic neighborhoods.
Details
Maps
Documents
Contract Information
Comp Sale YN: No
Listing Date: 2025-08-11
Status: Active
Original List Price: 1495000
List Price: $1,395,000
Current Price: $1,395,000
Negotiable Seller Concessions YN: No
Listing Service: Full Service
Seller Represented YN: Yes
Location and Legal
Country: United States
County Or Parish: Broward
County Parish Name: Broward
Street Number: 11
Street Direction Prefix: SW
Street Name: 11th
Street Suffix: Avenue
City Name: Fort Lauderdale
State Or Province: FL
Postal Code: 33312
Postal Code +4: 2671
Postal Zip: 33312
Subdivision Name: Waverly Place 2-19 D
Area: 3470
Geographic Area: FTSW - Ft Lauderdale SW (3470-3500;3570-3590)
Special Assessment YN: No
Parcel Number: 504209092420
Zoning: RMM-25
General Property Information
Number Of Units Total: 2
Property Sub Type: Duplex
Living Area Main: 2480
Accessibility Features YN: No
Year Built: 1922
Parking Total: 6
Gated Community YN: No
Lot Size Area: 15600
Lot Size Acres: 0.36
Lot Size Dimensions: 15600
Senior Community YN: No
Land Lease YN: No
Recreation Lease YN: No
Stories Total: 1
Pool Private YN: No
LP/Assessed Value: 2.29
Financial Information
Master Association YN: No
Tax Annual Amount: 10524
Tax Year: 2024
Tax Assessed/SOH Value: 609790
Tax Legal Description: WAVERLY PLACE 2-19 D LOT 1 THRU 5,6 E 5 & S1/2 VAC ALLEY ABUTTING SAID LOT BLK 124
Assessor Market Value: 609790
Leasing Permitted Details
Leasing Permitted YN: Yes
Co-Ownership
Property Management YN: No
Meter Information
Separate Electric Meters YN: Yes
Number Of Separate Electric Meters: 2
Separate Gas Meters YN: Yes
Separate Water Meters YN: Yes
Number Of Separate Water Meters: 21
Leasing Restrictions
Leasing - Max Times Per Year: 360
Leasing - Minimum Number of Days: 1
Storm Protection
Impact Glass: Complete
Unit 1 Details
Actual Rent: 2100
Baths Full: 1
Baths Half: 1
Beds Total: 2
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 728
Unit 1 Lease Description
Currently Leased YN: Yes
Lease Term: 12 Months
Lease Expiration: 2027-04-30
Occupant Type: Tenant
Unit 1 Parking Details
Carport YN: No
Garage YN: No
Unit 2 Details
Actual Rent: 1400
Baths Full: 1
Efficiency YN: Yes
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 512
Unit 2 Lease Description
Currently Leased YN: Yes
Lease Term: 12 Months
Lease Expiration: 2027-02-28
Occupant Type: Tenant
Unit 2 Parking Details
Carport YN: No
Garage YN: No
Price Calculations
Current Price To SqFt: 562.5
Section Details
Parcel Number MLX: 2420
Status Change Information
Major Change Timestamp: 2025-12-27T00:06:03Z
Major Change Type: Price Reduced
Price Change Timestamp: 2025-12-27T00:06:03Z
Status Change Date: 2025-08-11
Originating Details
Originating System Key: 602207122
Originating System ID: M00000170
Property Features
Documents Available: Copy Of Lease(s); Existing Survey; Rent Rolls
Fencing: Wood
Flooring: Tile; Vinyl
Leasing Permitted Details: Okay To Lease
Property Condition: Resale
Special Listing Conditions: Standard
Structure Type: House
Tenant Pays: Cable TV; Electricity; Gas; Sewer; Water
Construction Materials: Frame
Cooling: Ceiling Fan(s); Central Air; Electric
Heating: Central; Electric; Separate Meters
Laundry Features: In Unit
Levels: One
Listing Terms: Cash; Conventional
Lot Features: Corner Lot; Oversized Lot
Possession: Close Of Escrow
Restrictions: No Restrictions
Road Frontage Type: West of US-1
Road Responsibility: Public Maintained Road
Roof: Metal
Sewer: Public Sewer
Sprinkler Description: Auto Sprinkler
Tax Information: Tax Reflects No Exemptions
Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
View: Garden
Water Source: Public
Window Features: Storm Window(s)
Showing Requirements: Call Listing Agent; Showing Service
Unit 1 Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer
Unit 1 Interior Features: Pantry; Split Bedroom Plan
Unit 1 Other Equipment: Air Conditioning Unit; Smoke Detector(s); Washer/Dryer Hookups; Window Coverings
Unit 1 Parking Features: Open Parking
Unit 1 Rooms: Family Room; Kitchen
Unit 2 Appliances: Microwave; Range; Refrigerator
Unit 2 Other Equipment: Air Conditioning Unit; Smoke Detector(s); Window Coverings
Unit 2 Parking Features: Open Parking
Unit 2 Rooms: Kitchen
Acreage Description: 1/4 To Less Than 1/2 Acre Lot; Less Than 1 Acre Lot
multilevel unit project 
Listing Office: LoKation
Last Updated: November - 07 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
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