Cays Realty
551 N Fort Lauderdale Beach Boulevard R1902, Fort Lauderdale, FL 33304 — MLS photo

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551 N Fort Lauderdale Beach Boulevard R1902, Fort Lauderdale, FL 33304

Active · Condominium

$1,295,000

551 N Fort Lauderdale Beach Boulevard R1902, Fort Lauderdale, FL 33304

Beds
3
Baths
4
Living area
1,590 sq ft
$ / sq ft
$814/sq ft
Year built
2009
Lot size
—
HOA fee
$88 Annually
Annual tax
$28,463

About this property

New price $1,295,000! Experience elevated coastal living at Ocean Resort Residences, beside the Four Seasons. One of only 5 exclusive 3-bedroom residences in the tower, R1902 offers 3BR/3.5BA with the coveted Steven G designer package. Delivered turnkey & fully furnished with 2 valet parking spaces, this home captures sweeping Atlantic, Intracoastal & downtown skyline views. Chef's kitchen features Sub-Zero & Wolf appliances. Enjoy five-star services: 24-hour valet, daily housekeeping, fitness center, spa, beach towel service & oceanfront dining. Flexible daily rentals through the hotel program make this ideal as a primary residence or investment to offset ownership costs. Seller to credit 3 months of condo/HOA fees at closing as an added incentive to a new homeowner!

Property location

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551 N Fort Lauderdale Beach Boulevard R1902, Fort Lauderdale, FL 33304

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Facts & features

Interior

Bedrooms
3
Bathrooms
4
Living area
1,590 sq ft
Flooring
Carpet, Marble, Tile
Appliances
Dishwasher, Electric Range, Disposal, Microwave, Refrigerator
Cooling
Central Air
Heating
Central
Interior features
Breakfast Bar, Bedroom On Main Level, Breakfast Area, Bathtub, Dual Sinks, Kitchen Island, Living Dining Room, Custom Mirrors, Main Living Area Entry Level, Sitting Area In Primary, Shower Only, Bar
Furnished
Furnished

Exterior & Structure

Property type
Condominium
Year built
2009
Stories
24
Lot size
0 sq ft
Architectural style
One Story
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, Porch
Pool
None, Association, Community
Spa
In Ground, Community
Waterfront
Ocean Access
View
Intercoastal, Ocean, Water

Parking

Garage spaces
2
Covered spaces
2
Parking features
Attached, Covered, Garage, Two Or More Spaces, Valet

HOA, Community & Financials

Association fee
$88 Annually
Fee inclusions
Common Area Maintenance, Hot Water, Insurance, Parking, Pools, Sewer, Security, Trash, Water
Amenities
Controlled Access, Fitness Center, Pool, Spa Hot Tub, Security, Elevators
Security
Key Card Entry, Smoke Detectors
Pets allowed
No
Annual tax
$28,463
Subdivision
Ocean Resort Residences
County
Broward
Days on market
414
MLS listing ID
F10524232
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

-$3,493

Cap rate
2.5%
Net yield
2.5%
Cash-on-cash return
-11.6%
Gross yield
6.0%
Mortgage payment
$6,139/mo
Down payment
$323,750
Loan amount
$971,250
Annual NOI
$31,756

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