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    605 S Riverside Dr, Unit 1-5 Pompano Beach, FL 33062

    For Sale
    $4,100,000

    Fully renovated, five-unit apartment building designed for luxury short-term rentals.

    Lot size:
    0.22 Acres

    Property Features for 605 S Riverside Dr

    General Information

    Lot size
    0.22 Acres

    Building Details

    Year built
    1963

    Source: One Sotheby's International Realty Agent Tiara Saint

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Boutique Apartment Building in Pompano

    This is a fully renovated, boutique five-unit apartment building designed specifically for luxury short-term and vacation rentals. The income-producing property is positioned on the Intracoastal Waterway in Pompano Beach, Florida. The property has five-star reviews in all units for over 9 years and Super Host status on all platforms. It comes with all FF&E, Guesty software and an existing clientele. The property is completely turnkey.
    Location Intelligence

    Current Use by Public Records

    Today's Hottest Hits Film Production Company Aloha Condo Resort Holiday Apartment Rental Kanda Zen Vacation Home Rental Agency

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Pompano Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.0940921
    Latitude
    26.227304

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    FAQs

    What type of property is this?
    Apartment building - Fully renovated, five-unit apartment building designed for luxury short-term rentals.
    Where is this apartment building located?
    The property is located at 605 S Riverside Dr, Unit 1-5 Pompano Beach, FL.
    What is the asking price?
    The asking price for this property is $4,100,000.
    What are key features of this property?
    This property features: - Fully renovated, boutique five-unit apartment building designed for luxury short-term/vacation rentals.; - Prime Intracoastal Waterway location in desirable Pompano Beach, Florida.; - Proven income-producing property with 5-star reviews for over 9 years.
    (305) 951-0441
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    605 S Riverside Dr, Unit 1-5 Pompano Beach, FL 33062
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    Pompano Beach, FL 33062
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    605 S Riverside Dr, Unit 1-5 Pompano Beach, FL 33062
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