3050 NE 48th Ct 401, Lighthouse Point, FL 33064 — MLS photo

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3050 NE 48th Ct 401, Lighthouse Point, FL 33064

Active · Condominium

$500,000

3050 NE 48th Ct 401, Lighthouse Point, FL 33064

Beds
3
Baths
2
Living area
1,435 sq ft
$ / sq ft
$348/sq ft
Year built
1969
Lot size
—
HOA fee
$1,000
Annual tax
—

About this property

Enjoy waterfront living from this penthouse corner residence in the desirable Palm Aire at Coral Key community in Lighthouse Point. Overlooking the canal and the Intracoastal and surrounded by multimillion-dollar waterfront homes, this residence offers beautiful open water views from the balcony, the perfect place to enjoy morning coffee or Florida sunsets. The home features a spacious layout with marble flooring throughout the main living areas and carpet in the primary bedroom, great closet space, an open kitchen with abundant natural light, and impact sliding glass doors. The unit also includes an all-in-one washer/dryer for added convenience. Palm Aire offers a wonderful waterfront setting with a pool and clubhouse directly along the Intracoastal, ideal for relaxing while watching the boats go by. For boating enthusiasts, dock space may be available at $3 per foot (based on availability), with deep water access and close proximity to nearby inlets. Ideally located in Lighthouse Point, just minutes from Deerfield Beach, Pompano Beach, dining, and shopping. The fifty-year inspection has been completed and there are no special assessments, providing valuable peace of mind!

Property location

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3050 NE 48th Ct 401, Lighthouse Point, FL 33064

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Facts & features

Interior

Bedrooms
3
Bathrooms
2
Living area
1,435 sq ft

Exterior & Structure

Property type
Condominium
Year built
1969

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$1,000
County
Broward
MLS listing ID
A11982881
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

-$891

Cap rate
3.5%
Net yield
3.5%
Cash-on-cash return
-7.6%
Gross yield
9.5%
Mortgage payment
$2,370/mo
Down payment
$125,000
Loan amount
$375,000
Annual NOI
$17,746

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