Penthouse with Intracoastal
521 N Riverside Drive 1207 Pompano Beach, FL 33062
521 N Riverside Drive 1207, Pompano Beach, FL, 33062
$699,000
For Sale
$699,000
Top-floor penthouse with direct Intracoastal views, walk to beach.
Property Size1,715 SF
Price / SF$407.58
Days on Market617
Property Features for 521 N Riverside Drive 1207
General Information
- Standard status
- Active
- Size
- 1,715 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1973
Listing Agency
Lang Realty/ BR
(561) 479-5100
Listed by
Ken Reichle PA · License #150942
(561) 479-5100
Source
Exitrealty
Added: Nov 11, 2024 Updated: Jul 10 at 1:04 pm Checked: Jul 19 at 5:15 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lang Realty/ BR
Investment Insights
Based on property information with market context.
This top-floor penthouse apartment offers direct Intracoastal views with magnificent sunrise and sunset vistas. The original 3-bedroom floor plan has been converted into a 2-bedroom layout, featuring an open entertainment area complete with a sit-down wet bar and granite counters. The residence includes two full bathrooms and an updated kitchen equipped with granite counters and stainless steel appliances. The master bedroom closet is fitted. Hurricane windows and doors are installed throughout, and the popcorn ceiling has been removed from the living area. A garage parking space is conveniently located near the building entrance. Residents enjoy easy access to the beach and tennis courts. Building amenities include a remodeled lobby, a social room with a bar, a fitness room, a library, his and hers saunas, a heated pool overlooking the Intracoastal, a barbecue area, and a newly renovated common laundry area. A new A/C unit has been installed. The 1,715 square foot property is offered furnished, including TVs.
Key Highlights
- Direct intracoastal view with magnificent sunrise & sunset views.
- Top floor penthouse apartment.
- Updated kitchen with granite counters and stainless appliances.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.4k | $29.40 |
| − Vacancy | −$2.5k | −$1.47 |
| EGI | $47.9k | $27.93 |
| − OpEx | −$21.6k | −$12.57 |
| NOI | $26.3k | $15.36 |
1,715 SF · lease $29.40/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$376.4K
$329.3K – $439.1K
NOI $26,345 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$668.9K
$585.3K – $780.3K
NOI $46,820 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Don’t Panic Sportfishing ...
Tour Operator
Avanti Lash and Beauty ...
Hair Salon
Silver Thatch Intracoastal
Condominium Complex
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Top-floor penthouse with direct Intracoastal views, walk to beach.
Where is this residential income property located?
The property is located at 521 N Riverside Drive 1207 Pompano Beach, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Direct intracoastal view with magnificent sunrise & sunset views.; Top floor penthouse apartment.; Updated kitchen with granite counters and stainless appliances.
