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    Waterfront Land in Lighthouse Point Title is generated by Realmo AI

    3348 NE 29th Avenue, Lighthouse Point, FL 33064

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    Claim this Listing
    For Sale
    Under Contract
    $2,100,000

    LAND - Lighthouse Point, FL

    Lot size:
    0.20 Acres
    Added:
    May 18, 2026
    Days on Market:
    14
    Last Refresh:
    May 31 at 2:06 pm

    Property Features for 3348 NE 29th Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RS-3
    Standard status
    Active Under Contract
    APN
    484320011620
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LAKE PLACID 35-23 B LOT 13 BLK 12
    Tax Annual Amount
    1188

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Water source
    Public
    Water front features
    Ocean Access
    Water front
    1

    We can help!

    Listing Contact
    Michael P Catino PA

    Listing agent Michael P Catino PA License #0639533

    Listing office Compass Florida LLC 101 N Federal Hwy, 5th Floor, Miami Beach, FL

    Listing date May 18, 2026

    MLS# B26029767 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.

    HighLights

    • Ocean access with no fixed bridges: Ideal for boaters, providing direct access to the ocean.
    • Prime waterfront location: Situated on the first canal off Lake Placid in the prestigious north end of Lighthouse Point.
    • Offered at land value: Unique opportunity to build a custom luxury waterfront home.
    • Lot size: 80x110, providing ample space for a custom home and outdoor amenities.
    • Minutes from the inlet: Enjoy quick and easy access to open water.
    • Proximity to amenities: Close to parks, top‑rated schools, and local amenities.

    Overview

    Located in the north end of Lighthouse Point, this waterfront land offers an opportunity for luxury living. Situated on the first canal off Lake Placid, the property features dimensions of 80x110 and provides ocean access without fixed bridges. This location is suitable for boating, with proximity to the inlet. The property is offered at land value, allowing for customization and the creation of a luxury retreat. The location provides close proximity to parks, schools, and local amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Lighthouse Point
    County
    Broward
    State
    Florida
    Longitude
    -80.083638
    Latitude
    26.273276

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    FAQs

    What type of property is this?
    Waterfront Land - Prime waterfront property in Lighthouse Point, ocean access, no fixed bridges.
    Where is this waterfront land located?
    The property is located at 3348 NE 29th Avenue Lighthouse Point, FL.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: Ocean access with no fixed bridges: Ideal for boaters, providing direct access to the ocean.; Prime waterfront location: Situated on the first canal off Lake Placid in the prestigious north end of Lighthouse Point.; Offered at land value: Unique opportunity to build a custom luxury waterfront home.
    (561) 281-7383
    We can help!
    Listing Contact
    Michael P Catino PA
    Real Estate License ID: 0639533
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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    3348 NE 29th Avenue, Lighthouse Point, FL 33064
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