2850 NE 44th Street, Lighthouse Point, FL 33064 — MLS photo

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2850 NE 44th Street, Lighthouse Point, FL 33064

Active · SingleFamilyResidence

$5,450,000

2850 NE 44th Street, Lighthouse Point, FL 33064

Beds
7
Baths
8
Living area
5,451 sq ft
$ / sq ft
$1,000/sq ft
Year built
1969
Lot size
12,985 sq ft
HOA fee
—
Annual tax
—

About this property

The Only Opportunity of Its Kind in Lighthouse Point Right Now This is currently the only property available in Lighthouse Point offering 150 feet of waterfrontage on the North Grand Canal, set on a 12,985 square foot lot in one of the most desirable boating locations in the city. Positioned with a southeastern-exposure backyard, just one block west of the Intracoastal and directly across from the Lighthouse Point Yacht Club, this property offers no fixed bridges and approximately an eight-minute boat ride to the open ocean. Opportunities like this are extremely rare to come to market. The existing residence can be renovated, or the property can be redeveloped into a custom waterfront estate that fully maximizes the depth of the lot and the expansive canal views. The upper level includes a renovated kitchen within an oversized area of the home that can function as a separate living space ideal for guests, extended family, or comfortable occupancy during a renovation or new construction process. Properties offering this amount of frontage, this proximity to the Intracoastal, and this level of boating access are rarely available and at this moment, this is the only one.

Property location

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2850 NE 44th Street, Lighthouse Point, FL 33064

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Facts & features

Interior

Bedrooms
7
Bathrooms
8
Living area
5,451 sq ft

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1969
Lot size
12,985 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

County
Broward
MLS listing ID
R11167647
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

-$15,325

Cap rate
2.3%
Net yield
2.3%
Cash-on-cash return
-12.1%
Gross yield
5.5%
Mortgage payment
$25,836/mo
Down payment
$1,362,500
Loan amount
$4,087,500
Annual NOI
$126,129

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