1239 Middle River Dr, Fort Lauderdale, FL 33304 — MLS photo

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1239 Middle River Dr, Fort Lauderdale, FL 33304

Active · SingleFamilyResidence

$15,495,000

1239 Middle River Dr, Fort Lauderdale, FL 33304

Beds
10
Baths
11
Living area
9,655 sq ft
$ / sq ft
$1,605/sq ft
Year built
2021
Lot size
16,750 sq ft
HOA fee
—
Annual tax
—

About this property

Welcome to Palazzo Riviera, a gated trophy waterfront estate in Fort Lauderdale offering 100 feet of water frontage and near 11,881 SF of total area, featuring rooftop terrace with expansive views, independent guest residence with private entrance, movie theater, executive office/cigar lounge with built-in exhaust, private gym, and salon/glam room. Designed for grand entertaining & everyday living, the residence offers 7 bedroom suites, den, 7 full baths, 3 half baths, and a resort-style cabana bath with separate his-and-hers. A grand entry with double-height ceilings and a sculptural staircase opens to expansive living and dining areas complemented by a full bar with marble countertops, temperature-controlled wine cellar, striking book-matched marble fireplace, and large-format Thassos marble flooring throughout living spaces. Chef’s kitchen with Wolf appliances, oversized island, family room, and breakfast area. The primary suite offers a sitting area, morning bar, dual walk-in closets, spa bath with jacuzzi, and private waterfront terrace. Secondary bedroom suites feature wood floors, en-suite baths, walk-in closets, and private terraces. The guest residence includes a full kitchen and living area. Outdoor living features manicured landscaping, a 55’ x 30’ pool with spa, and a covered terrace with motorized shutters, A/C, refrigeration, exterior laundry, and cabana bath. Private elevator, smart home system, and an air-conditioned garage with lifts for up to four vehicles.

Property location

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1239 Middle River Dr, Fort Lauderdale, FL 33304

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Facts & features

Interior

Bedrooms
10
Bathrooms
11
Living area
9,655 sq ft

Exterior & Structure

Property type
SingleFamilyResidence
Year built
2021
Lot size
16,750 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

County
Broward
MLS listing ID
A12000918
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

-$53,036

Cap rate
1.6%
Net yield
1.6%
Cash-on-cash return
-14.7%
Gross yield
4.6%
Mortgage payment
$73,454/mo
Down payment
$3,873,750
Loan amount
$11,621,250
Annual NOI
$245,022

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