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2732 NE 15th Street, Fort Lauderdale, FL 33304

$8,750,000
Property Type: Residential Income Square Footage: 7,776 Status: Closed
Current Price: $8,750,000 List Date: 6/19/2025 Last Modified: 8/28/2025

Description

The Best investment gem in Fort Lauderdale! This sale is for two turnkey 4-plexes (8 units total) on over -1/2 acre with 200' of deep-water frontage (no fixed bridges) on a wide 127' canal. 13 beds 10 baths! Generates $600K+/year as a luxury short-term rental. Each building has its own heated pool, 2 parking spaces per unit. One 4-plex was fully renovated with high-end finishes, impact glass, modern kitchens, updated baths, & designer furnishings. New concrete dock (2021). Perfect for group rentals, family retreats, or events. Zoned RM-25 with potential for luxury townhomes, condos, or future redevelopment. Rare blend of immediate income & long-term upside. Prime location near beaches, shopping, dining, golf, & top Bayview elementary school. opportunit... (see supplement for full remarks)

Supplements: The Best investment gem in Fort Lauderdale! This sale is for two turnkey 4-plexes (8 units total) on over -1/2 acre with 200' of deep-water frontage (no fixed bridges) on a wide 127' canal. 13 beds 10 baths! Generates $600K+/year as a luxury short-term rental. Each building has its own heated pool, 2 parking spaces per unit. One 4-plex was fully renovated with high-end finishes, impact glass, modern kitchens, updated baths, & designer furnishings. New concrete dock (2021). Perfect for group rentals, family retreats, or events. Zoned RM-25 with potential for luxury townhomes, condos, or future redevelopment. Rare blend of immediate income & long-term upside. Prime location near beaches, shopping, dining, golf, & top Bayview elementary school. opportunities like this are truly rare! Call today'||chr(10)||''||chr(10)||'The Best Investment Gem in Fort Lauderdale Rare Dual 4-Plex Waterfront Opportunity!Presenting an unmatched opportunity in the heart of prestigious Coral Ridge this offering includes two fully operational 4-plexes (8 total units) spanning over -1/2 acre with an incredible 200 feet of deep-water frontage on a wide 127' canal, with no fixed bridges to the ocean.Currently operated as high-performing luxury short-term rentals, these properties generate over $600,000 per year in income, offering not only immediate cash flow but long-term redevelopment potential. With 13 bedrooms and 10 bathrooms across both buildings, this flexible layout accommodates everything from individual vacation renters to large groups, family reunions, wedding parties, and corporate retreats.Each 4-plex features:Its own private heated pool2 assigned parking spaces per unit (16 total)Modern central air conditioningPrivate patios and shared outdoor lounge areasLarge, open-plan living areas designed for comfort and styleOne of the buildings has undergone a complete, high-end renovation including:Impact-resistant windows and doorsDesigner tile flooring and upscale lightingModern kitchens with quartz countertops and stainless steel appliancesUpdated bathrooms with walk-in showers and contemporary finishesThoughtfully curated designer furnishings throughoutIn 2021, a new concrete dock was installed, offering 100 feet of secure dockage on a deep-water canal, perfect for accommodating large boats or yachts. Boaters will appreciate quick, unrestricted access to the Intracoastal and open oceanno fixed bridges!Zoned RM-25, this property offers incredible redevelopment potential. Build luxury townhomes, boutique condos, or multi-family residences, capitalizing on the expansive lot size and coveted Coral Ridge location. The possibilities for value add or full-scale development are limitless.Situated just minutes from:Fort Lauderdale BeachLas Olas Boulevard's shopping and diningGolf courses and marinasBayview Elementary School one of the area's top-rated public schoolsThis is more than an income-producing property it's a rare, high-demand asset in one of Fort Lauderdale's most desirable neighborhoods. Whether you're an investor looking for high-yield cash flow, a developer searching for waterfront land, or a buyer seeking a compound-style retreat, this is the ultimate opportunity.Why This Property Stands Out:Immediate and consistent rental income with proven performanceZoned for high-density redevelopment (RM-25)Two self-contained 4-unit buildings, each with pool and independent operationFully renovated 4-plex with impact glass and high-end interiors200' of waterfront + 100' dockage on a deep-water canal with no fixed bridgesPrime east Fort Lauderdale location with strong rental demandPotential to rent as individual units or a full 8-unit resort-like experienceOpportunities like this are truly rare in Fort Lauderdale. Own an established income machine with flexible exit strategies operate as-is, expand, redevelop, or sell off individually. Call today for more details or to schedule a private showing. Serious investors and developers welcome.

More Information MLS# FX-10505721

Contract Information

Go Active Date: 2025-06-19 Auction: No List Price/SqFt: 1286.01 Listing Date: 2025-06-09 Status: Closed Original List Price: 10000000 Sold Price: $8,750,000 Current Price: $8,750,000

General Property Description

Total # of Units: 8 Property Condition: Resale Lot Dimensions: 125x200 Number of Stories: 2 SqFt - Total: 7776 Waterfront: Yes Waterfrontage: 200 Homeowners Assoc: None HOA/POA/COA (Monthly): 0 Directions: From East Sunrise Blvd turn north onto Bayview Dr. Then turn right or east onto the NE 15th St. the two 4 plexs are side by side on the South side of the street! Look for the dual listing signs. Private Pool: Yes Spa: Yes Separate Elec Meters: Yes Separate Wtr Meters: Yes Type: Quad Plex Year Built: 1951 SqFt - Living: 7776 Subdivision: Coral Ridge 21-50 B

Location, Tax & Legal

Geo Area: FTNE Country: United States State/Province: FL HOPA: No Hopa Short Sale: No Tax Year: 2024 Zoning: RMM-25 Taxes: 29846 REO: No Area: 3260 County: Broward Parcel ID: 494236021510 Street #: 2732 Street Dir: NE Street Name: 15th Street Suffix: Street Zip Code: 33304 Legal Desc: CORAL RIDGE 21-50 B LOT 5 BLK 11 Geo Lat: 26.146215 Geo Lon: -80.110067

Office/Member Info

DXORIGMLNO: F10505721 DXORIGMLSID: FLL

Status Change Info

Terms of Sale: Cash Sold Price/SqFt: 1125.26 Under Contract Date: 2025-07-28 Sold Date: 2025-07-30 Sold Price: $8,750,000

Unit 1 Info

Bedrooms: 3 Full Bath: 2 Monthly Income: 50000

Unit 2 Info

Bedrooms: 2 Full Bath: 1 Monthly Income: 50000

Unit 3 Info

Bedrooms: 1 Full Bath: 1 Monthly Income: 50000

Unit 4 Info

Bedrooms: 7 Full Bath: 6 Monthly Income: 50000

Avail Info

None: 1

Construction

CBS: 1

Waterfront Details

No Fixed Bridges: 1 Seawall: 1 Canal Width 121+: 1

Lot Description

1/2 to < 1 Acre: 1

Special Info

Sold As-Is: 1

Private Pool Description

Heated: 1 Inground: 1 Spa: 1

Cooling

Ceiling Fan: 1 Central: 1

Heating

Central: 1 Electric: 1

Exterior Features

Auto Sprinkler: 1 Built-in Grill: 1 Deck: 1 Fence: 1 Outdoor Shower: 1

Utilities

Cable: 1 Public Sewer: 1

Roof

Comp Shingle: 1 Flat Tile: 1

Boat Services

Private Dock: 1

Maintenance Fee Incl

None: 1

Terms Considered

Cash: 1 Conventional: 1 FHA: 1 VA: 1

Contingencies

None: 1

Property Features

Construction: CBS Waterfront Details: No Fixed Bridges; Seawall; Canal Width 121+ Private Pool Description: Heated; Inground; Spa Lot Description: 1/2 to < 1 Acre Exterior Features: Auto Sprinkler; Built-in Grill; Deck; Fence; Outdoor Shower Maintenance Fee Incl: None Cooling: Ceiling Fan; Central Heating: Central; Electric Roof: Comp Shingle; Flat Tile Boat Services: Private Dock Terms Considered: Cash; Conventional; FHA; VA Utilities: Cable; Public Sewer Special Info: Sold As-Is Avail Info: None Contingencies: None
Listing Office: Latitude Key Real Estate
IDX
Last Updated: August - 28 - 2025
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