Cays Realty
1301 River Reach Drive 507, Fort Lauderdale, FL 33315 — MLS photo

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1301 River Reach Drive 507, Fort Lauderdale, FL 33315

Active · Condominium

$259,000

1301 River Reach Drive 507, Fort Lauderdale, FL 33315

Beds
1
Baths
2
Living area
900 sq ft
$ / sq ft
$288/sq ft
Year built
1974
Lot size
—
HOA fee
$874 Monthly
Annual tax
$3,053

About this property

Direct riverfront - top floor - spectacular balcony views. Look down river towards the "wiggles". The premier location on the River Reach Island. Amazing views and a daily boat parade along the South Fork. River views from every window. Floor to ceiling impact windows and sliders. Large covered balcony Interior corner unit, 900sf, 1 bed - 1.5 bath floor plan. Open kitchen. Cozy bedroom suite with great views! Large walk-in closet - Boat dockage is offered to owner residents at about $40 per ft - per year for boats up to 50' OAL (when available) No fixed bridges to the Intracoastal Waterway and the Atlantic via the scenic New River. River Reach is a quiet, gated tropical island community. Amenities : Club room, Fitness center, 3 pools w / BBQ grills , 2 tennis courts - Pickleball

Property location

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1301 River Reach Drive 507, Fort Lauderdale, FL 33315

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Facts & features

Interior

Bedrooms
1
Bathrooms
2
Living area
900 sq ft
Flooring
Tile
Appliances
Dishwasher, Electric Range, Disposal, Microwave, Refrigerator
Cooling
Central Air, Ceiling Fans, Electric
Heating
Central, Electric
Interior features
Bedroom On Main Level, Entrance Foyer, Main Living Area Entry Level, Walk In Closets

Exterior & Structure

Property type
Condominium
Year built
1974
Stories
5
Lot size
0 sq ft
Architectural style
One Story
Roof
Built Up
Construction
CBSConcrete Block Structure, Block, Pre Cast Concrete
Exterior features
Balcony, Storm Security Shutters, Tennis Courts
Pool
None, Association, Community
Waterfront
Navigable Water, Ocean Access, River Front
View
Canal, River, Water

Parking

Covered spaces
0
Parking features
Assigned

HOA, Community & Financials

Association fee
$874 Monthly
Fee inclusions
Common Area Maintenance, Cable Tv, Insurance, Internet, Pest Control, Pools, Recreation Facilities, Reserve Fund, Sewer, Security, Trash, Water
Amenities
Boat Dock, Bike Storage, Clubhouse, Fitness Center, Maintenance, Barbecue, Picnic Area, Pool, Storage, Elevators
Security
Fire Alarm, Security Guard, Smoke Detectors
Pets allowed
No
Annual tax
$3,053
Subdivision
RIVER REACH CONDOMINIUM V
County
Broward
Days on market
136
MLS listing ID
B26038351
Listing status
Active

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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

-$408

Cap rate
3.8%
Net yield
3.8%
Cash-on-cash return
-6.8%
Gross yield
10.8%
Mortgage payment
$1,228/mo
Down payment
$64,750
Loan amount
$194,250
Annual NOI
$9,832

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