Cays Realty
511 Bayshore Drive 707, Fort Lauderdale, FL 33304 — MLS photo

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511 Bayshore Drive 707, Fort Lauderdale, FL 33304

Active · Condominium

$925,000

511 Bayshore Drive 707, Fort Lauderdale, FL 33304

Beds
3
Baths
3
Living area
1,705 sq ft
$ / sq ft
$543/sq ft
Year built
1971
Lot size
—
HOA fee
$2,104 Monthly
Annual tax
$8,459

About this property

Rarely Available!!! 3 bedroom / 3 baths!! Located directly on the intercoastal offering unmatched views and location. Just steps from the beach. This unit allows views of the intercoastal and downtown. Sit on the spacious private terrace and watch yachts float by as well as the skyline of downtown Fort Lauderdale. The floor to ceiling sliders bring tons of natural light into the main living area. The unit offers upgraded kitchen and baths and beautiful tile flooring throughout. Bayshore Towers offers resort-style living with a heated saline pool, a fitness center, clubhouse, billiard room, saunas and a roof top patio /sundeck. The building is perfect for year-round residents or as a vacation getaway. Located just steps away from world class dining, entertainment and shopping!!

Property location

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511 Bayshore Drive 707, Fort Lauderdale, FL 33304

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Facts & features

Interior

Bedrooms
3
Bathrooms
3
Living area
1,705 sq ft
Flooring
Ceramic Tile, Tile
Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Washer
Cooling
Central Air
Heating
Central
Interior features
Dual Sinks, Entrance Foyer, Living Dining Room, Main Living Area Entry Level, Split Bedrooms, Shower Only, Walk In Closets
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
1971
Stories
1
Lot size
0 sq ft
Architectural style
Other, One Story
Roof
Flat, Tile
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony
Pool
None, Heated
Waterfront
Intracoastal Access
View
Intercoastal, Water

Parking

Garage spaces
1
Covered spaces
1
Parking features
Attached, Covered, Underground, Garage, One Space

HOA, Community & Financials

Association fee
$2,104 Monthly
Fee inclusions
Association Management, Common Area Maintenance, Insurance, Parking, Pools, Recreation Facilities, Reserve Fund, Roof, Sewer, Security, Trash, Water
Association
Martha Martinez
Association contact
9545659675
Amenities
Billiard Room, Bike Storage, Clubhouse, Community Kitchen, Fitness Center, Library, Management, Pool, Sauna, Security, Storage, Trash, Vehicle Wash Area, Elevators
Security
Building Security, Closed Circuit Cameras, Fire Alarm, Intercom, Phone Entry, Security Guard, Smoke Detectors
Pets allowed
No
Annual tax
$8,459
Subdivision
BAYSHORE TOWERS
County
Broward
Days on market
194
MLS listing ID
B26012718
Listing status
Active

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Estimated monthly cash flow

-$2,682

Cap rate
2.2%
Net yield
2.2%
Cash-on-cash return
-12.4%
Gross yield
7.3%
Mortgage payment
$4,385/mo
Down payment
$231,250
Loan amount
$693,750
Annual NOI
$20,438

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