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    Development Opportunity in Fort Lauderdale

    1219 NE 5th Terrace Fort Lauderdale, FL 33304

    1219 NE 5th Terrace, Fort Lauderdale, FL, 33304
    $747,850
    For Sale
    Claim this Listing
    $747,850

    LAND - Fort Lauderdale, FL

    Lot Size0.23 Acres
    AddedMay 28
    Days on Market49
    Last RefreshJul 15 at 11:06 am

    Property Features for 1219 NE 5th Terrace

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RMM-25
    Standard status
    Active
    APN
    494234032080
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    PROGRESSO 2-18 D LOT 13,14,15 BLK 114
    Tax Annual Amount
    7203

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Listing agent Michael J Sheer License #3355952

    Listing office United Realty Group Inc. 975 N Nob Hill Road, Plantation, FL

    Listing date May 28, 2026

    MLS# B26033788 Listing URL

    Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Investment Insights

    Based on property information with market context.

    This property presents a development opportunity in Fort Lauderdale's Studio City. It features an existing income-producing duplex consisting of two 1-bedroom, 1-bathroom units, with separate water and electric meters. The 0.23-acre lot, zoned RMM-25, offers additional development capacity. A site plan is available, illustrating a potential layout for adding 8 units, bringing the total to 10 units. The feasibility and zoning compliance have been confirmed with the city. The property is located in an opportunity zone. The existing duplex is partially renovated. One-bedroom rentals in the area range from $1,600 to $2,300 per month. The property is located at 1219 NE 5th Terrace, Fort Lauderdale, FL 33304.

    Key Highlights

    • Significant development potential: Approved for expansion to a 10‑unit property.
    • Below market value acquisition: Priced over 30% off market value.
    • Income‑producing property: Existing duplex (2 1/1s) with separate meters generates rental income.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Dental Office Nail Salon Daycare Center Butcher (Bike/Boat/Book/etc) Store Nursing Home (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Nursing Home (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Land - Income-producing duplex with development potential in a rapidly developing area.
    Where is this land located?
    The property is located at 1219 NE 5th Terrace Fort Lauderdale, FL.
    What is the asking price?
    The asking price for this property is $747,850.
    What are key features of this property?
    This property features: Significant development potential: Approved for expansion to a 10‑unit property.; Below market value acquisition: Priced over 30% off market value.; Income‑producing property: Existing duplex (2 1/1s) with separate meters generates rental income.
    Contact an agent
    (954) 993-6664
    We can help!
    Contact an agent
    Michael J Sheer
    Real Estate License ID: 3355952
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