1219 NE 5th Terrace, Fort Lauderdale, FL 33304

Fort Lauderdale
Local realty services provided by:Better Homes and Gardens Real Estate Florida 1st
1219 NE 5th Terrace,Fort Lauderdale, FL 33304
$679,850
Virtual Tour
  • 0.23 Acres
  • Lots / Land
  • Active
Listed by: michael j sheer, wayne c charneco
Office: united realty group inc.
MLS#:B26033788
Source:RMLS

Price summary

  • Price:$679,850

About this home

This is how to generate great returns in today's market while protecting your downside. Acquire an income producing duplex (1 Bedroom/1 Bathroom each side) with additional development capacity (the right to build 8 more units) in Fort Lauderdale's rapidly developing Studio City at over 40% below market value. This property should not be viewed solely as a duplex or solely as a land play; the true value is in both. The existing duplex (that is fairly renovated and has separate water & electric meters) can remain in place and continue generating income while 8 additional units are developed on the same lot, for a total of 10 units, without tearing down the current structure. The included site plan shows viable layout, parking, & access. A preliminary development meeting has been held with the city; representatives from every relevant department (planning, zoning, engineering, landscape, etc) were present and confirmed that the site plan is feasible and compliant with current code and...

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Home facts

  • Subdivision & Development:PROGRESSO
  • Listing ID #:B26033788
  • Added:136 day(s) ago
  • Updated:October 12, 2026 at 03:10 PM

Structure and exterior

  • Lot area:0.23 Acres

Schools

  • High school:Fort Lauderdale
  • Middle school:Sunrise
  • Elementary school:North Side

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$679,850
  • Tax amount:$7,203 (2025)
All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. RMLS Member Broker: Gene Whiddon III <gwhiddon@bhgfirst.com>

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