$1,395,000
Fort Lauderdale, FL 33312
MLS# F10518998
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 more than 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
LP/Acre: 3875000
LP/Frontage: 11160
Listing Date: 2025-08-11
Status: Active
Original List Price: 1495000
List Price: $1,395,000
Current Price: $1,395,000
Listing Service: Full Service
Location and Legal
County Or Parish: Broward
County Parish Name: Broward
City Name: Fort Lauderdale
Municipality Type: Incorporated
Postal Zip: 33312
Development Name: Sailboat Bend
Geographic Area: FTSW - Ft Lauderdale SW (3470-3500;3570-3590)
Country: United States
Street Number: 11
Street Direction Prefix: SW
Street Name: 11th
Street Suffix: Avenue
State Or Province: FL
Postal Code: 33312
Postal Code +4: 2671
Subdivision Name: Waverly Place 2-19 D
Area: 3470
Parcel Number: 504209092420
Zoning: RMM-25
General Property Information
Transaction Type: Listing For Sale
Lot Size Dimensions: 15600
Lot Depth: 130
Gated Community YN: No
Lot Frontage: 125
Land Lease YN: No
Recreation Lease YN: No
LP/Assessed Value: 2.29
LP/SqFt: 89.42
Property Sub Type: Unimproved Land
Lot Size Acres: 0.36
Lot Size Square Feet: 15600
Financial Information
Master Association YN: No
Estimated Monthly Assoc Recurring Fee: 0
Membership Fee Required YN: No
Tax Assessed/SOH Value: 609790
Assessor Market Value: 609790
Tax Year: 2024
Tax Annual Amount: 10524
Tax Legal Description: WAVERLY PLACE 2-19 D LOT 1 THRU 5,6 E 5 & S1/2 VAC ALLEY ABUTTING SAID LOT BLK 124
Office/Member Information
DXORIGMLSID: RML
Special Listing Conditions
Standard: 1
Documents Available
Aerial: 1
Survey: 1
Comprehensive Plan Use
Central Urban: 1
Open Land: 1
Current Use
Other: 1
Development Status
Raw Land: 1
Environmental Audit
None: 1
Location of Property
Corner Lot: 1
In Residential Area: 1
Other Area Details
Living Area Other Structures: 1240
Other Structures
Cottage: 1
Possession
Close Of Escrow: 1
Possible Use
Multi-Family: 1
Residential: 1
Single Family: 1
Sewer
Public Sewer: 1
Special Information
City Jurisdiction: 1
Utilities
Cable Available: 1
Electricity Available: 1
Natural Gas Available: 1
Sewer Available: 1
Water Available: 1
Irrigation Water Onsite: 1
Vegetation
Grassed: 1
View
City: 1
Garden: 1
Zoning Details
Jurisdiction: City
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Corner Lot: 1
Home: 1
Road Frontage Type
City Street: 1
West of US-1: 1
Road Responsibility
Public Maintained Road: 1
Road Surface Type
Paved: 1
Water Source
Public: 1
Income and Expenses
Gross Income: 42000
Inc/Exp Statement Period: annual
Real Estate Taxes: 10814.17
Gross Scheduled Income: 3500
Source Of Expenses
Owner Provided: 1
Showing Requirements
Call Listing Agent: 1
Membership
No Membership Available: 1
Tax Information
Tax Reflects No Exemptions: 1
Section Details
Parcel Number MLX: 2420
Elevation Description
0-5 Feet Above Sea Level: 1
Acreage Description
1/4 To Less Than 1/2 Acre Lot: 1
Less Than 1 Acre Lot: 1
Status Change Information
Major Change Timestamp: 2025-12-27T00:05:43Z
Major Change Type: Price Reduced
Price Change Timestamp: 2025-12-27T00:05:43Z
Status Change Date: 2025-08-11
Originating Details
Originating System Key: 602206222
Originating System ID: M00000170
Property Features
Comprehensive Plan Use: Central Urban; Open Land
Current Use: Other
Development Status: Raw Land
Documents Available: Aerial; Survey
Environmental Audit: None
Location of Property: Corner Lot; In Residential Area
Other Structures: Cottage
Possession: Close Of Escrow
Possible Use: Multi-Family; Residential; Single Family
Sewer: Public Sewer
Special Information: City Jurisdiction
Special Listing Conditions: Standard
Utilities: Cable Available; Electricity Available; Natural Gas Available; Sewer Available; Water Available; Irrigation Water Onsite
Vegetation: Grassed
View: Garden
Source Of Expenses: Owner Provided
Listing Terms: Cash; Conventional
Lot Features: Corner Lot; Home
Membership: No Membership Available
Road Frontage Type: City Street; West of US-1
Road Responsibility: Public Maintained Road
Road Surface Type: Paved
Tax Information: Tax Reflects No Exemptions
Water Source: Public
Showing Requirements: Call Listing Agent
Elevation Description: 0-5 Feet Above Sea Level
Acreage Description: 1/4 To Less Than 1/2 Acre Lot; Less Than 1 Acre Lot
multilevel unit project 
Listing Office: LoKation
Last Updated: July - 31 - 2026
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