Development Opportunity in Fort
For Sale
$729,850
1219 NE 5th Terrace, Fort Lauderdale, FL 33304
LAND - Fort Lauderdale, FL
Lot Size0.23 Acres
Days on Market64
Property Features for 1219 NE 5th Terrace
General Information
Property type
Land
Property subtype
Other
Zoning
RMM-25
Subdivision
PROGRESSO
Elementary school
North Side
Middle school
Sunrise
High school
Fort Lauderdale
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
Legal Description
PROGRESSO 2-18 D LOT 13,14,15 BLK 114
Utilities
Sewer type
Public Sewer
Water source
Public
Listing Agency:
United Realty Group Inc.
(954) 450-2000
Listed By:
Michael J Sheer · License #3355952
(954) 993-6664
Added: May 28
Changed: Jul 28
Last Checked: Jul 30 at 4:06PM
MLS# B26033788
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
Current Use
Location Intelligence
Trade Area within ½ mile
2,906
Businesses Nearby
Explore this area
Business Placement
Demographics for 33304, FL
19,978
Population
12,367
Households
1.6
Avg Household Size
46
Median Age
51%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
6,445
Density / Sq Mi
$84,951
Median Household Income
$55,527
Median Earnings
$1,727
Median Rent
$556,400
Median Home Value
Market
Properties on Market for Land in Fort Lauderdale
Questions? Ask Rey
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Frequently Asked Questions
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 $729,850.
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.
