Interior
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 1,200 sq ft
Active · Condominium
$200,000
581 Blue Heron Drive 221-B, Hallandale Beach, FL 33009
- Beds
- 2
- Baths
- 2
- Living area
- 1,200 sq ft
- $ / sq ft
- $167/sq ft
- Year built
- 1980
- Lot size
- —
- HOA fee
- $700
- Annual tax
- —
About this property
Exceptional investment opportunity—rent immediately. Renovated and move-in ready condo in Paradise Villas, a 55+ community in Hallandale Beach. This residence features new flooring, a new A/C, and a new water heater (all 2023), delivering comfort and effortless living. Ideally situated just minutes from the beach, fine dining, shopping, and entertainment, this condo offers the perfect blend of location, lifestyle, and long-term value—ideal as a primary residence, seasonal retreat, or income-producing property.
Property location
Get Directions581 Blue Heron Drive 221-B, Hallandale Beach, FL 33009
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Facts & features
Exterior & Structure
- Property type
- Condominium
- Year built
- 1980
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- Association fee
- $700
- County
- Broward
- MLS listing ID
- A11999929
- 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
$358
- Cap rate
- 7.8%
- Net yield
- 7.8%
- Cash-on-cash return
- 7.7%
- Gross yield
- 16.3%
- Mortgage payment
- $948/mo
- Down payment
- $50,000
- Loan amount
- $150,000
- Annual NOI
- $15,668
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.