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    2724 14th St Fort Lauderdale, FL 33304-1648
    Property profile & analytics

    2724 14th St Fort Lauderdale, FL 33304-1648


    • Motels
    • 4,472 SF
    • 0.23 lot acres
    Off-Market
    Last Sale May 2, 2022
    $4,050,000
    Property ID
    US18-0442307
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $3,425,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Los Sueños Waterfront Resort and Marina / Hotel & Motel

    Property Details for 2724 14th St

    Year built
    1966
    Construction
    CONCRETE
    Lot size
    0.23 lot acres
    Property size
    4,472 SF
    Zone code
    RMM-25
    Property type
    Motels
    APN
    49-42-36-08-0090
    APU
    494236080090

    Description

    This exceptional investment opportunity presents a turnkey, seven-unit short-term vacation rental property situated in the desirable Coral Ridge neighborhood of Fort Lauderdale, Florida. Boasting a prime location with ocean access via a wide canal leading to Lake Seminole, this property offers unparalleled convenience and appeal. The property includes four 55-foot-plus boat slips, a significant advantage given the "no fixed bridges" access. The seven units comprise one large one-bedroom/one-bathroom unit with private washer/dryer, four one-bedroom/one-bathroom units, one one-bedroom/one-bathroom unit with a kitchenette, and a studio unit with a full kitchen. The property features numerous recent upgrades, including new decking on the dock, new air conditioning units, a newer holding tank pumpout station, a laundry facility, a common area restroom, two Hypower pedestals, a heated pool, and a BBQ area. The property enjoys a desirable south-rear exposure and is conveniently located approximately 1.4 miles from the beach, 0.8 miles from the Galleria mall, 2.5 miles from Las Olas Boulevard, and 20 minutes from Fort Lauderdale-Hollywood International Airport (FLL). With over 1100 positive Airbnb reviews, this property has a proven track record of success and can be rented daily, weekly, monthly, or yearly. The property is listed at $4,795,000 and is also available as part of a three-property portfolio purchase. Built in 1976, the property's lot size is not specified. Please note that the property is actively rented, and prospective buyers are asked to refrain from disturbing guests.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $3,010,000
      ML approach
      $3,600,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,361,000
      Market price range: $1.33M - $3.40M
      AI Estimate
      $2,473,000
      Market price range: $1.32M - $2.47M
    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $2,275,000
      Current use
      AUTO REPAIR, GARAGE
      $3,625,000
      Change: +59% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $3,545,000
      Change: +56% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $3,365,000
      Change: +48% Conversion: Difficult
      WAREHOUSE, STORAGE
      $2,865,000
      Change: +26% Conversion: Difficult
      OFFICE BUILDING
      $2,735,000
      Change: +20% Conversion: Difficult
      RETAIL STORES
      $2,530,000
      Change: +11% Conversion: Difficult
      MEDICAL BUILDING
      $2,085,000
      Change: -8% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1103
    Latitude
    26.145
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $59,841
    $500,000
    $2,548,580
    $3,048,580
    -
    $500,000
    $2,548,580
    $3,048,580
    More about this property
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