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    513 S Ocean Blvd Pompano Beach, FL 33062

    For Sale
    $2,499,900

    8-unit multifamily property operating as a short term rental.

    Lot size:
    0.19 Acres

    Property Features for 513 S Ocean Blvd

    General Information

    Lot size
    0.19 Acres

    Building Details

    Year built
    1972

    Source: Open Market Residential LLC Agent Steven R Paulsen

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

    Overview

    Multifamily Steps to Atlantic Ocean

    Paradise Shores is an 8-unit multifamily property located in East Pompano Beach, Florida, steps from the Atlantic Ocean. The property is currently operating as a short term rental with a strong repeat client list and many future bookings in place for year round activity. Significant capital improvements have been made, including new furnishings, new air conditioning, new electrical service, and newly lined sewer pipes. The units are large, similar to private condominiums in the area, making the property suitable for short term rentals. The unit mix includes four 2-bedroom/2-bathroom units and four 1-bedroom/1-bathroom units. Parking is abundant compared to similar properties in the area.
    Location Intelligence

    Current Use by Public Records

    Paradise Shores 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
    -80.0915451
    Latitude
    26.2275927

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    FAQs

    What type of property is this?
    Apartment building - 8-unit multifamily property operating as a short term rental.
    Where is this apartment building located?
    The property is located at 513 S Ocean Blvd Pompano Beach, FL.
    What is the asking price?
    The asking price for this property is $2,499,900.
    What are key features of this property?
    This property features: - Steps to the Atlantic Ocean in East Pompano Beach; - Operating as a short-term rental property with a strong repeat client list and future bookings; - Significant capital improvements including new furnishings, air conditioning, and electrical service
    (561) 929-4098
    Request Owner's contact information
    513 S Ocean Blvd 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
    513 S Ocean Blvd Pompano Beach, FL 33062
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