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450 Paradise Isle Boulevard, Hallandale Beach, FL 33009

$6,650,000

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https://www.propertypanorama.com/450-Paradise-Isle-Blvd-Hallandale-Beach-FL-33009/unbranded

Property Type: Commercial Sale Status: Active

Current Price: $6,650,000 List Date: 5/13/2024 Last Modified: 2/20/2026

Description

ONCE-IN-A-LIFETIME UNIQUE OPPORTUNITY! Amazing Opportunity to Own this Beautiful Ground Lease in the City of Hallandale. It is a TRUE ISLAND, surrounded by over 2,200 linear feet of waterway on all 3 sides connected to the mainland by bridge... just 1 minute to the Intercoastal waterway. Lot size is 4.28 acres with 7 buildings comprised of #194 apartment units, a recreational center, and #42 Boat slips and docks. Enjoy this NO- Responsibility Investment and watch your equity grow. Purchase this ground lease for a fraction of what it will be worth when it matures!!!

More Information MLS# F10439205

Contract Information

Comp Sale YN: No Owner Phone: 954-980-3317 Listing Date: 2024-05-13 Status: Active Original List Price: 6650000 List Price: $6,650,000 Current Price: $6,650,000

Location and Legal

County Or Parish: Broward County Parish Name: Broward City Name: Hallandale Beach Postal Code: 33009 Geographic Area: HWEA - Hollywood East (3010-3050) Property Description: LAND LEASE (MULTI FAMILY) Country: United States Street Number: 450 Street Name: Paradise Isle Street Suffix: Boulevard State Or Province: FL Area: 3040 Parcel Number: 514226140070 Directions: Use GPS.

General Property Information

Number Of Buildings: 7 Number Of Units Total: 195 Price Per Unit: 34102 Occupant Type: Call Listing Agent Accessibility Features YN: Yes Stories Total: 3 Property Sub Type: Multi Family Year Built: 1964 Lot Size Acres: 4.28

Currently Not Used

Ownership Type: Corporation

Financial Information

Tax Assessed/SOH Value: 0 Assessor Market Value: 0 Tax Year: 2023 Tax Legal Description: ISLE OF PARADISE 59-8 B TRACT G-1

Office/Member Information

DXORIGMLSID: FLL

Property Condition

Resale: 1

Short Sale Details

Lender Approval: Unapproved Short Sale Addendum: No

Documents Available

Aerial Photo(s): 1 Copy Of Lease(s): 1

Meter Information

Number Of Meters Total: 200

Location of Property

City Location: 1 Corner Unit: 1

Possession

Close Of Escrow: 1

Sewer

Public Sewer: 1

Business Type

Commercial: 1

Ceiling

Other: 1

Common Area Maintenance Includes

Assessment Fees: 1 Grounds/Plants: 1 HVAC Maintenance: 1 Inside Insurance: 1 Management Fees: 1 Outside Insurance: 1 Water: 1

Distance To Information

Miles to Expressway: 3

Heating

Central Building: 1

Sale Includes

Land: 1 Leases: 1

Construction Materials

Block: 1 Stucco: 1

Road Frontage Type

City Street: 1

Roof

Composition: 1 Shingle: 1

Security Features

Other: 1

Water Source

Public: 1

Income and Expenses

Gross Income: 71000 Other Income: 0 Vacancy Allowance Rate: 0 Gross Scheduled Income: 71000 Net Operating Income: 71000

Source Of Expenses

Owner Provided: 1

Unit Details

Reimbursement SqFt Amount: 0

Description of Unit Type 1

Unit Type: 2 Bedroom Beds Total: 2

Cooling

Central Building: 1

Showing Requirements

Call Listing Agent: 1

Status Change Information

Major Change Timestamp: 2024-05-13T12:57:30Z Major Change Type: New Listing Status Change Date: 2024-05-17

Originating Details

Originating System Key: 582232200 Originating System ID: M00000170

Property Features

Business Type: Commercial Ceiling: Other Common Area Maintenance Includes: Assessment Fees; Grounds/Plants; HVAC Maintenance; Inside Insurance; Management Fees; Outside Insurance; Water Documents Available: Aerial Photo(s); Copy Of Lease(s) Heating: Central Building Location of Property: City Location; Corner Unit Possession: Close Of Escrow Property Condition: Resale Sale Includes: Land; Leases Source Of Expenses: Owner Provided Construction Materials: Block; Stucco Cooling: Central Building Road Frontage Type: City Street Roof: Composition; Shingle Security Features: Other Sewer: Public Sewer Water Source: Public Showing Requirements: Call Listing Agent

Documents

Survey and Arial Photo ›

Listing Office: Joe Caprio & Co. Real Estate

Last Updated: February - 20 - 2026

450 Paradise Isle Boulevard, Hallandale Beach, FL 33009- MLS# F10439205

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