Cays Realty
2 Compass Lane, Fort Lauderdale, FL 33308 — MLS photo

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2 Compass Lane, Fort Lauderdale, FL 33308

Active · SingleFamilyResidence

$10,777,000

2 Compass Lane, Fort Lauderdale, FL 33308

Beds
4
Baths
6
Living area
5,170 sq ft
$ / sq ft
$2,085/sq ft
Year built
1970
Lot size
—
HOA fee
$2,000 Quarterly
Annual tax
$36,184

About this property

EXCITING NEW LISTING IN THE UPSCALE BAY COLONY COMMUNITY OFFERS THIS RARE TWO-STORY GEORGIAN-STYLE COLONIAL RESIDENCE ON A PRIVATE CORNER LOT WITH SCENIC 180' WATERFRONT VIEWS. THIS LUSHLY LANDSCAPTED POINT LOT HAS INCREDIBLE VIEWS FROM EVERY ROOM. BRAND NEW DOCK AROUND THE POINT LOT, A BOATER'S PARADISE. THIS EQUISITELY DESIGNED HOME IS DECORATED TO PERFECTION AND POSSESSES CHARMING AND EXQUISITE DETAILS THROUGHOUT. THE MASTER SUITE COVERS THE WHOLE 2ND FLOOR WITH HIS AND HER MASTER BATHROOMS. FRENCH DOORS OPEN ONTO A BALCONY WITH BREATHTAKING INFINITY VIEWS OF THE WATERWAY. A RARE FIND WITH TROPICAL LIVE OAK TREES SURROUNDING THE ENTIRE COMMUNITY OF ULTRA UPSCALE HOMES. ONCE INSIDE THIS METICULOUSLY DESIGNED RESIDENCE, YOU'LL NEVERF WANT TO LEAVE!

Property location

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2 Compass Lane, Fort Lauderdale, FL 33308

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Facts & features

Interior

Bedrooms
4
Bathrooms
6
Living area
5,170 sq ft
Flooring
Marble
Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
Cooling
Electric
Heating
Central
Interior features
Bidet, Built In Features, Bedroom On Main Level, Breakfast Area, Bathtub, Dining Area, Separate Formal Dining Room, Eat In Kitchen, French Doors Atrium Doors, First Floor Entry, Main Level Primary, Shower Only, Upper Level Primary, Bar, Walk In Closets, Attic
Furnished
Unfurnished

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1970
Stories
2
Architectural style
Two Story
Roof
Flat, Tile
Construction
Block
Exterior features
Balcony, Patio, Awnings, Security High Impact Doors
Pool
Pool
Waterfront
No Fixed Bridges, Ocean Access, Point Lot, Seawall
View
Pool, Water

Parking

Garage spaces
2
Covered spaces
2
Parking features
Attached, Circular Driveway, Garage, Paver Block, Two Or More Spaces, Garage Door Opener

HOA, Community & Financials

Association fee
$2,000 Quarterly
Fee inclusions
Security
Amenities
Controlled Access, Pool, Security
Security
Security Gate, Intercom, Security Guard
Annual tax
$36,184
Subdivision
BAY COLONY
County
Broward
Days on market
953
MLS listing ID
F10420957
Listing status
Active

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Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$26,009

Cap rate
2.8%
Net yield
2.8%
Cash-on-cash return
-10.3%
Gross yield
4.3%
Mortgage payment
$51,088/mo
Down payment
$2,694,250
Loan amount
$8,082,750
Annual NOI
$300,957

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.