3200 Port Royale Drive N 701, Fort Lauderdale, FL 33308 — MLS photo

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3200 Port Royale Drive N 701, Fort Lauderdale, FL 33308

Active · Condominium

$549,000

3200 Port Royale Drive N 701, Fort Lauderdale, FL 33308

Beds
3
Baths
3
Living area
1,800 sq ft
$ / sq ft
$305/sq ft
Year built
1981
Lot size
—
HOA fee
$5,829
Annual tax
—

About this property

Rarely available 3BR/2.5BA corner unit offering direct oceanfront & intracoastal views! In original condition, this condo has amazing potential & great bones to create your dream home. Features a massive wrap-around balcony, brand-new 2025 A/C, 2024 impact windows, & in-unit W/D. Enjoy resort living with 24-hour security, covered parking, & marina-front BBQ, heated pool, tennis & gym. HOA includes Wi-Fi & Cable! Close to dining & shops. Financing is a breeze: FULLY FUNDED RESERVES, ALL ASSESSMENTS PAID, & 40-year inspection complete. Buy with as little as 5% down! EV chargers planned. Priced below comps for a fast sale. Bring your designer and don't miss this incredible waterfront value! Easy to show. Dock space for boats up to 55' may be available for lease from the Association.

Property location

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3200 Port Royale Drive N 701, Fort Lauderdale, FL 33308

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Facts & features

Interior

Bedrooms
3
Bathrooms
3
Living area
1,800 sq ft

Exterior & Structure

Property type
Condominium
Year built
1981
Lot size
0 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$5,829
County
Broward
MLS listing ID
B26007648
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

-$5,346

Cap rate
-6.0%
Net yield
-6.0%
Cash-on-cash return
-41.7%
Gross yield
10.4%
Mortgage payment
$2,603/mo
Down payment
$137,250
Loan amount
$411,750
Annual NOI
-$32,922

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