Cays Realty
116 Lake Emerald Drive 403, Oakland Park, FL 33309 — MLS photo

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116 Lake Emerald Drive 403, Oakland Park, FL 33309

Active · Condominium

$194,500

116 Lake Emerald Drive 403, Oakland Park, FL 33309

Beds
2
Baths
2
Living area
920 sq ft
$ / sq ft
$211/sq ft
Year built
1985
Lot size
—
HOA fee
$822 Monthly
Annual tax
$4,095

About this property

REDUCED. Move in ready unit in pet friendly,centrally located,resort style complex with expansive water views from virtually every room. Enjoy 3 pools & hot tubs,M/F saunas,gym,tennis/pickleball,basketball,pool,table tennis,library and water activities galore (cayaking,paddleboarding,boating etc). Apt was upgraded and only lightly used in recent years. Tile & wood flooring,newer W/D & AC,like new kitchen w/ granite,lg walk in closet in master bed and a very private patio looking out over huge pristine lake. Northerly views so cooler in summer months. Unit can be had furnished. Bldg recently passed 40 yr recertification & has new roof,concrete restoration,including new patio,new railings & fully painted. All paid by seller. HOA fees include X1 cable with DVR service and high speed internet.

Property location

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116 Lake Emerald Drive 403, Oakland Park, FL 33309

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
920 sq ft
Flooring
Hardwood, Tile, Wood
Appliances
Built In Oven, Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Solar Hot Water, Self Cleaning Oven, Washer
Cooling
Central Air, Ceiling Fans, Electric
Heating
Central, Electric
Interior features
Kitchen Dining Combo, Living Dining Room, Main Living Area Entry Level, Split Bedrooms, Tub Shower, Walk In Closets

Exterior & Structure

Property type
Condominium
Year built
1985
Stories
4
Lot size
0 sq ft
Architectural style
One Story
Roof
Flat, Tar Gravel, Tile
Pool
None, Association, Community, Heated
Spa
In Ground, Community
Waterfront
Lake Privileges
View
Canal, Lake, Water

Parking

Covered spaces
0
Parking features
Assigned, Guest, One Space

HOA, Community & Financials

Association fee
$822 Monthly
Fee inclusions
Association Management, Common Area Maintenance, Cable Tv, Insurance, Internet, Legal Accounting, Parking, Pools, Recreation Facilities, Reserve Fund, Roof, Sewer, Security, Trash, Water
Association
First Service Reside
Association contact
954 735 1718
Amenities
Basketball Court, Boat Dock, Bike Storage, Clubhouse, Controlled Access, Fitness Center, Library, Management, Maintenance, Barbecue, Picnic Area, Pool, Guard, Sauna, Spa Hot Tub, Security, Tennis Courts, Trash, Elevators
Security
Fire Alarm, Gated With Guard, Security Gate, Smoke Detectors, Security Guard
Pets allowed
No
Annual tax
$4,095
Subdivision
LAKE EMERALD CONDOMINIUM N
County
Broward
Days on market
202
MLS listing ID
B26006646
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

-$227

Cap rate
4.3%
Net yield
4.3%
Cash-on-cash return
-5.0%
Gross yield
13.5%
Mortgage payment
$922/mo
Down payment
$48,625
Loan amount
$145,875
Annual NOI
$8,342

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