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    4213 El Mar Dr Lauderdale-by-the-Sea, FL 33308

    For Sale
    $3,750,000

    Beachfront Hotel, Updated Units, Great ROI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This unique investment opportunity presents a fully renovated boutique hotel in the desirable Lauderdale-by-the-Sea, Florida. Located at 4213 El Mar Drive, this property boasts a prime beachfront location, offering easy access to shops, restaurants, and vibrant nightlife. Built in 1954 and completely updated, the hotel comprises a diverse mix of units designed for optimal occupancy. The configuration includes one one-bedroom, one-bathroom unit with a full kitchen; two studio units, each with a kitchen; and three two-bedroom units, all featuring full kitchens. Every unit is equipped with either split AC units or full-unit air conditioning systems. One unit features a spacious deck overlooking El Mar Drive, providing stunning views. Currently operating as a long-term rental property, this hotel presents a strong potential for immediate income generation and future appreciation. The property is situated in Broward County, Florida, with a zip code of 33308. The lot size is not specified. This is an exceptional opportunity to acquire a well-maintained, income-producing hotel in a highly sought-after coastal location. The asking price for this exceptional property is $3,750,000.

    Property Features for 4213 El Mar Dr

    General Information

    Property type
    Specialty properties

    Building Details

    Year Built
    1954

    HighLights

    • $3,750,000 asking price.
    • Special purpose property.
    • 1954 year built.
    • 0 sq ft lot size.
    • Located at 4213 El Mar Drive, Lauderdale‑by‑the‑Sea, FL 33308.
    • Boutique hotel with a mix of one‑bedroom, studio, and two‑bedroom units, all with kitchens and A/C.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office 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
    Lauderdale-by-the-Sea
    County
    Broward
    State
    Florida
    Longitude
    -80.0964722
    Latitude
    26.1863406

    Nearby Comparable

    • $279,000

      Renovated Unit with Ocean Views

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      4050 N Ocean Dr, Lauderdale by the Sea, FL 33308
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    • $135,000

      Turnkey Salon & Spa Opportunity

      Fully renovated salon and spa for sale near the ocean.
      218 Commercial Blvd, Fort Lauderdale, FL 33308
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    • $150,000

      Established French Restaurant Near Beach

      Turnkey French restaurant with indoor/outdoor seating near Lauderdale-by-the-Sea Beach.
      235 Commercial Blvd, Fort Lauderdale, FL 33308
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    • $5,495,000

      Furnished Apartments Near Beach

      Eleven renovated, furnished apartments near beach, shops, and restaurants.
      4433 El Mar Dr, Fort Lauderdale, FL 33308
      View Details

    FAQs

    What type of property is this?
    Specialty property - Beachfront Hotel, Updated Units, Great ROI
    Where is this specialty property located?
    The property is located at 4213 El Mar Dr Lauderdale-by-the-Sea, FL.
    What is the asking price?
    The asking price for this property is $3,750,000.
    What are key features of this property?
    This property features: $3,750,000 asking price.; Special purpose property.; 1954 year built.
    Request Owner's contact information
    4213 El Mar Dr Lauderdale-by-the-Sea, FL 33308
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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
    4213 El Mar Dr Lauderdale-by-the-Sea, FL 33308
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