1955 29Th Ave Fort Lauderdale, FL 33312
This exceptional development opportunity, known as The Mansions at Riverland, presents an unparalleled investment prospect in Fort Lauderdale, Florida. Located at 1955 SW 29th Ave, in Broward County, zip code 33312 (26.0971289, -80.1828831), this DRC-approved project offers 11 luxurious, two-story townhouses. Each residence boasts 4 bedrooms, a den, 3 bathrooms, and a 2-car garage. A key feature is the inclusion of a private pool for each of the 11 units, enhancing the exclusivity of this gated community. The homes offer elegant living spaces ranging from 2,607 to 3,003 square feet of under-air space. The property is situated in a desirable, up-and-coming area, adjacent to a park and a highly-rated school. Its convenient location offers easy access to Fort Lauderdale Airport, the Hard Rock Casino, and the vibrant Las Olas Boulevard. This is the only approved development opportunity in the area, making it a truly unique and potentially highly lucrative investment. The asking price for this entire development is $3,200,000. This presents a rare chance to acquire a portfolio of luxury townhouses in a prime Fort Lauderdale location with significant growth potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.