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87 Isle Of Venice Drive, Fort Lauderdale, FL 33301

$5,047,000

Virtual Tour

https://vimeo.com/680975867

Property Type: Residential Income Square Footage: 3,479 Status: Closed

Current Price: $5,047,000 List Date: 2/25/2022 Last Modified: 1/24/2026

Description

Extraordinary multifamily development opportunity in the heart of booming Fort Lauderdale, Florida. Rare opportunity to acquire large 120’ waterfront multifamily income producing property with 8-individual deep-water boat slips &/or land to develop a 8-10-unit luxury condominium with spectacular waterfront views and sunset vistas. This uniqulely available and extremely desirable property is located off magnificent Las Olas Boulevard and walking distance to downtown and the majestic Fort Lauderdale beaches. Amazing location for Investor or Developer. Located near the developing “Wall Street of the South” in renowned “Venice of America” and yachting capital of the world. Sorrento is the best of everything with deep-water Intracoastal and Ocean Access.

More Information MLS# F10319468

Contract Information

Comp Sale YN: No Listing Date: 2022-02-25 Status: Closed Original List Price: 8900000 Sold Price: $5,047,000 Current Price: $5,047,000

Location and Legal

County Or Parish: Broward County Parish Name: Broward City Name: Fort Lauderdale Postal Zip: 33301 Development Name: Sorrento Geographic Area: FTSE - Ft Lauderdale SE (3280;3600;3800) Country: United States Street Number: 87 Street Name: Isle Of Venice Street Suffix: Drive State Or Province: FL Postal Code: 33301 Postal Code +4: 4040 Subdivision Name: Nurmi Isles Island 4 24-4 Area: 3280 Parcel Number: 504201120170 Zoning: RMM-25 Directions: take I-95 South to Broward boulevard head east until S.E 15th ave make a right go straight till you get to Las Olas. Turn left heading east keep going until Isle of Venice, make a left onto isle of Venice.

General Property Information

Living Area Main: 3479 Lot Size Dimensions: 14,400 Gated Community YN: No Water Frontage Feet: 120 Stories Total: 2 Pool Private YN: Yes LP/Assessed Value: 4.06 Property Sub Type: Quadruplex Year Built: 1953 Waterfront YN: 1

Financial Information

Tax Assessed/SOH Value: 1699670 Assessor Market Value: 1699670 Tax Annual Amount: 12055 Tax Year: 2021 Tax Legal Description: NURMI ISLES ISLAND NO 4 24-43 B LOT 15

Office/Member Information

DXORIGMLSID: FLL

Status Change Information

Buyer Financing: Cash Major Change Timestamp: 2022-08-11T16:34:34Z Major Change Type: Status Change Price Change Timestamp: 2022-06-20T15:05:00Z Status Change Date: 2022-08-15 Under Contract Date: 2022-07-28 Close Date: 2022-08-11 Close Price: 5047000

Flooring

Terrazzo: 1 Wood: 1

Property Condition

Resale: 1

Short Sale Details

Short Sale Addendum: No

Co-Ownership

Property Management YN: No

Documents Available

Existing Survey: 1

Possession

Negotiable: 1

Sewer

Public Sewer: 1

Utilities

Cable Available: 1

Heating

Separate Meters: 1 Window/Wall: 1

Water Access

Ocean Access: 1

Construction Materials

Block: 1

Listing Terms

Cash: 1 Conventional: 1 Other: 1

Pool Features

In Ground: 1

Roof

Concrete: 1

Waterfront Features

Canal Front: 1 No Fixed Bridges: 1

Boat and Dock Information

Dock: Yes

Boat and Dock Features

Private Dock: 1

Cooling

Wall/Window Unit(s): 1

Showing Requirements

Appointment Only: 1 Call Listing Agent: 1 Showing Service: 1

Restrictions

Other Restrictions: 1

Tax Information

City/County: 1

Canal Width

Canal Width 81-120 Feet: 1

Outdoor Living Spaces

Balcony: 1 Porch: 1

Contingencies

Inspection: 1

Concessions

Seller Concessions: No

Unit 1 Details

Actual Rent: 950 Baths Full: 1 Baths Half: 2 Beds Total: 2 Efficiency YN: No Furnished: Unfurnished Hotel Room YN: No

Unit 1 Lease Description

Occupant Type: Vacant

Unit 1 Parking Features

Parking Space: 1

Unit 1 Rooms

Laundry Room: 1

Price Calculations

Current Price To SqFt: 1450.7 Original List Price To Close Price: 0.56

Section Details

Parcel Number MLX: 0170

Acreage Description

1/4 To Less Than 1/2 Acre Lot: 1

Originating Details

Originating System Key: 551498477 Originating System ID: M00000170

Property Features

Documents Available: Existing Survey Flooring: Terrazzo; Wood Property Condition: Resale Boat and Dock Features: Private Dock Construction Materials: Block Cooling: Wall/Window Unit(s) Heating: Separate Meters; Window/Wall Listing Terms: Cash; Conventional; Other Pool Features: In Ground Possession: Negotiable Restrictions: Other Restrictions Roof: Concrete Sewer: Public Sewer Tax Information: City/County Utilities: Cable Available Water Access: Ocean Access Waterfront Features: Canal Front; No Fixed Bridges Canal Width: Canal Width 81-120 Feet Showing Requirements: Appointment Only; Call Listing Agent; Showing Service Outdoor Living Spaces: Balcony; Porch Unit 1 Parking Features: Parking Space Unit 1 Rooms: Laundry Room Contingencies: Inspection Acreage Description: 1/4 To Less Than 1/2 Acre Lot

Listing Office: Coldwell Banker Realty

Last Updated: January - 24 - 2026

87 Isle Of Venice Drive, Fort Lauderdale, FL 33301- MLS# F10319468

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