1850 S Ocean Dr 305, Fort Lauderdale, FL 33316 — MLS photo

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1850 S Ocean Dr 305, Fort Lauderdale, FL 33316

Active · Condominium

$240,000

1850 S Ocean Dr 305, Fort Lauderdale, FL 33316

Beds
1
Baths
1
Living area
640 sq ft
$ / sq ft
$375/sq ft
Year built
1964
Lot size
—
HOA fee
$748 Monthly
Annual tax
$4,104

About this property

This spacious condo features an open floor plan, allowing natural light to fill the living spaces. The kitchen is equipped with stunning onyx countertops, quality appliances, and ample cabinetry. Enjoy serene Lake Mayan views from the balcony. The geothermal pool provides year round relaxation. Turn key in the most desirable million $$ neighborhood! Located across the street from the widest beach in town and directly on Lake Mayan with direct access to the Intercoastal and ocean. Delightful community with beautiful, private grounds, heated and cooled pool, and boat dock. Across the street from Lago Mar Resort. No renting in the first year of ownership.

Property location

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1850 S Ocean Dr 305, Fort Lauderdale, FL 33316

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Facts & features

Interior

Bedrooms
1
Bathrooms
1
Living area
640 sq ft
Flooring
Vinyl
Appliances
Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Self Cleaning Oven
Cooling
Wall Window Units
Heating
Wall Furnace
Interior features
Bedroom On Main Level, Third Floor Entry, Elevator

Exterior & Structure

Property type
Condominium
Year built
1964
Stories
4
Construction
Block, Stucco
Exterior features
Barbecue, Courtyard, Deck
Pool
Association, Heated
Waterfront
Lake Front
View
Lake

Parking

Garage spaces
0
Covered spaces
0
Parking features
One Space

HOA, Community & Financials

Association fee
$748 Monthly
Fee inclusions
Association Management, Common Areas, Insurance, Laundry, Maintenance Grounds, Maintenance Structure, Pest Control, Pools, Roof, Sewer, Security, Trash, Water
Amenities
Boat Dock, Bike Storage, Laundry, Library, Barbecue, Picnic Area, Pier, Pool, Trash, Vehicle Wash Area, Elevators
Security
Complex Fenced, Lobby Secured, Phone Entry, Smoke Detectors
Pets allowed
Conditional, Yes
Annual tax
$4,104
Subdivision
LAKE MAYAN APTS CO-OP
County
Broward
Days on market
68
MLS listing ID
A11954808
Listing status
Active

Investment intelligence

Yield & ROI calculator

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

Estimated monthly cash flow

-$737

Cap rate
2.0%
Net yield
2.0%
Cash-on-cash return
-13.2%
Gross yield
9.1%
Mortgage payment
$1,138/mo
Down payment
$60,000
Loan amount
$180,000
Annual NOI
$4,810

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