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    450 Paradise Isle Blvd Hallandale Beach, FL 33009

    Sponsored
    For Sale
    $6,650,000

    Hallandale Beach Island Ground Lease

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional investment opportunity awaits with this unique 4.28-acre ground lease in Hallandale Beach, Florida. Located at 450 Paradise Isle Boulevard, this property boasts a truly idyllic island setting, surrounded on three sides by over 2,200 linear feet of waterway and connected to the mainland via a bridge. Built in 1964, the property comprises seven buildings encompassing 194 apartment units, a recreational center, and 42 boat slips and docks, offering a diverse revenue stream. The asking price is $6,650,000. This is a remarkable opportunity to acquire a substantial asset with significant upside potential. The property's prime location offers convenient access to the Intracoastal Waterway, just one minute away. This is a hands-off investment, allowing for passive income generation and equity growth. The current ground lease presents a unique opportunity to purchase at a fraction of its future value upon maturity. This is a once-in-a-lifetime chance to own a piece of paradise and secure a strong return on investment. The property's size and amenities make it an attractive proposition for both seasoned investors and those seeking a high-yield, low-maintenance portfolio addition. The zip code is 33009, and the property is located in Broward County.

    Property Features for 450 Paradise Isle Blvd

    General Information

    Property type
    Specialty properties

    Building Details

    Year Built
    1964
    Units
    195

    HighLights

    • 4.28‑acre ground lease in Hallandale Beach, FL (33009), Broward County.
    • 194‑unit multifamily property with recreational center and 42 boat slips.
    • $6,650,000 asking price.
    • Idyllic island setting with over 2,200 linear feet of waterway frontage.
    • Prime location, one minute from the Intracoastal Waterway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hallandale Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.1295647
    Latitude
    25.9820562

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    FAQs

    What type of property is this?
    Specialty property - Hallandale Beach Island Ground Lease
    Where is this specialty property located?
    The property is located at 450 Paradise Isle Blvd 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 in Hallandale Beach, FL (33009), Broward County.; 194-unit multifamily property with recreational center and 42 boat slips.; $6,650,000 asking price.
    Request Owner's contact information
    450 Paradise Isle Blvd Hallandale Beach, FL 33009
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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
    450 Paradise Isle Blvd Hallandale Beach, FL 33009
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