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Waterfront Apartment Property

450 Paradise Isle Boulevard, Hallandale Beach, FL 33009

For Sale
$6,650,000

A seven-building residential property combines apartment units with boat slips, docks, and a recreational center.

Property Size1,864,368 SF
Lot Size4.28 Acres
Price / SF$3.57
Days on Market136

Property Features for 450 Paradise Isle Boulevard

General Information

Standard status Active
Size 1,864,368 SF
Total Parking Spaces 200
Lot size 4.28 Acres
Property subtype Commercial
Zoning RM-18

Additional Details

Multifamily Units 194

Amenities

recreational center
boat slips

Building Details

Building Size 1,864,368 SF
Year Built 1964
Buildings 7
Stories 3
Units 195
Listing Agency: Joe Caprio & Co. Real Estate
Listed By: Joe F. Caprio · License #566559
Source: Bernard-kelly
Added: Jun 24 Changed: Nov 6 Last Checked: Nov 6 at 2:31PM

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 Joe Caprio & Co. Real Estate

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Investment Insights

Based on property information with market context.

This 4.28-acre ground-lease property in Hallandale Beach comprises seven buildings with 194 apartment units and a recreational center. The site also includes 42 boat slips and docks, bringing residential and water-oriented features together on one property.

Water surrounds the site on three sides, with more than 2,200 linear feet of waterway. A bridge connects the property to the mainland, and the Intracoastal Waterway is about a one-minute trip away.

Key Highlights

  • 4.28‑acre ground‑lease property in Hallandale Beach
  • Seven buildings with 194 apartment units and a recreational center
  • 42 boat slips and docks

Property Analytics

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Current Use

Marinas

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Tattoo & Piercing Shop (Bike/Boat/Book/etc) Store Butcher Fish Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

194
Residential units

Location Intelligence

Trade Area within ½ mile

2,533
Businesses Nearby

Demographics for 33009, FL

43,301
Population
31,020
Households
1.4
Avg Household Size
47
Median Age
36%
College-Educated
88%
High-School Grad
4.9 sq mi
ZIP Area
8,837
Density / Sq Mi
$48,196
Median Household Income
$33,928
Median Earnings
$1,576
Median Rent
$248,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Apartment buildings in Broward County, FL

$449 Jul
$422 Aug
$431 Sep
$426 Oct

Properties on Market for Apartment buildings in Broward County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - A seven-building residential property combines apartment units with boat slips, docks, and a recreational center.
Where is this apartment building located?
The property is located at 450 Paradise Isle Boulevard Hallandale Beach, FL.
What is the asking price?
The asking price for this property is $6,650,000.
What are key features of this property?
This property features: 4.28‑acre ground‑lease property in Hallandale Beach; Seven buildings with 194 apartment units and a recreational center; 42 boat slips and docks
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