551 N Fort Lauderdale Beach Blvd H1212, Fort Lauderdale, FL 33304 — MLS photo

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551 N Fort Lauderdale Beach Blvd H1212, Fort Lauderdale, FL 33304

Active · Condominium

$425,000

551 N Fort Lauderdale Beach Blvd H1212, Fort Lauderdale, FL 33304

Beds
0
Baths
1
Living area
579 sq ft
$ / sq ft
$734/sq ft
Year built
2015
Lot size
—
HOA fee
$1,611 Monthly
Annual tax
$7,423

About this property

Experience elevated beachfront living in the most desirable south-east facing studio line at the iconic Ocean Resort Residences that offers delightful Atlantic Ocean views, spectacular sunrises, and optimal natural light throughout the day, all from your expansive private Balcony and floor-to-ceiling glass window. Designed and furnished with refined contemporary elegance the property features Sub-Zero & Wolf kitchen appliances, convertible sofa-bed, spa-inspired marble bath, and seamless indoor-outdoor living spaces curated to luxury hotel standards. Ownership includes access to world-class resort amenities: oceanfront heated pool & whirlpool , beach chairs and umbrella service, full-service spa, state-of-the-art fitness center, signature restaurant and poolside dining, 24-hour concierge, valet, housekeeping, laundry services and in-suite dining. A true condo-hotel opportunity, perfectly suited for the investor seeking an elevated luxury vacation home that also delivers strong cash-flow potential. Enjoy the flexibility of personal use while benefiting from the professionally managed rental program, for maximum convenience. This unit is not enrolled in the hotel rental program, offering the new owner a rare opportunity to operate it as a self-managed daily rental. Ideal for investors seeking greater flexibility and control, the property allows you to maximize income potential while enjoying personal use on your own terms.

Property location

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551 N Fort Lauderdale Beach Blvd H1212, Fort Lauderdale, FL 33304

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Facts & features

Interior

Bedrooms
0
Bathrooms
1
Living area
579 sq ft
Flooring
Other
Appliances
Microwave
Cooling
Central Air
Heating
Central
Interior features
Bathtub, Elevator, Separate Shower

Exterior & Structure

Property type
Condominium
Year built
2015
Stories
24
Construction
Brick, Block
Exterior features
Balcony
Waterfront
Ocean Access, Ocean Front
View
Ocean

Parking

Garage spaces
0
Covered spaces
0
Parking features
One Space, Valet

HOA, Community & Financials

Association fee
$1,611 Monthly
Fee inclusions
Association Management, Common Areas, Hot Water
Amenities
Business Center, Fitness Center, Elevators
Security
Lobby Secured
Pets allowed
Conditional, Yes
Annual tax
$7,423
Subdivision
551 FLB CONDOMINIUM HOTEL
County
Broward
Days on market
237
MLS listing ID
A11967419
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

-$2,502

Cap rate
-1.4%
Net yield
-1.4%
Cash-on-cash return
-25.2%
Gross yield
6.2%
Mortgage payment
$2,015/mo
Down payment
$106,250
Loan amount
$318,750
Annual NOI
-$5,851

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