561450 Paradise Isle Boulevard, Hallandale Beach, FL 33009
$6,650,000
Property Type:
Commercial Sale
Status:
Active
Current Price:
$6,650,000
List Date:
5/13/2024
Last Modified:
2/20/2026
Description
ONCE-IN-A-LIFETIME UNIQUE OPPORTUNITY! Amazing Opportunity to Own this Beautiful Ground Lease in the City of Hallandale. It is a TRUE ISLAND, surrounded by over 2,200 linear feet of waterway on all 3 sides connected to the mainland by bridge... just 1 minute to the Intercoastal waterway. Lot size is 4.28 acres with 7 buildings comprised of #194 apartment units, a recreational center, and #42 Boat slips and docks. Enjoy this NO- Responsibility Investment and watch your equity grow. Purchase this ground lease for a fraction of what it will be worth when it matures!!!
More Information MLS# F10439205
Contract Information
Comp Sale YN: No
Owner Phone: 954-980-3317
Listing Date: 2024-05-13
Status: Active
Original List Price: 6650000
List Price: $6,650,000
Current Price: $6,650,000
Location and Legal
County Or Parish: Broward
County Parish Name: Broward
City Name: Hallandale Beach
Postal Code: 33009
Geographic Area: HWEA - Hollywood East (3010-3050)
Property Description: LAND LEASE (MULTI FAMILY)
Country: United States
Street Number: 450
Street Name: Paradise Isle
Street Suffix: Boulevard
State Or Province: FL
Area: 3040
Parcel Number: 514226140070
Directions: Use GPS.
General Property Information
Number Of Buildings: 7
Number Of Units Total: 195
Price Per Unit: 34102
Occupant Type: Call Listing Agent
Accessibility Features YN: Yes
Stories Total: 3
Property Sub Type: Multi Family
Year Built: 1964
Lot Size Acres: 4.28
Currently Not Used
Ownership Type: Corporation
Financial Information
Tax Assessed/SOH Value: 0
Assessor Market Value: 0
Tax Year: 2023
Tax Legal Description: ISLE OF PARADISE 59-8 B TRACT G-1
Office/Member Information
DXORIGMLSID: FLL
Property Condition
Resale: 1
Short Sale Details
Lender Approval: Unapproved
Short Sale Addendum: No
Documents Available
Aerial Photo(s): 1
Copy Of Lease(s): 1
Meter Information
Number Of Meters Total: 200
Location of Property
City Location: 1
Corner Unit: 1
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Business Type
Commercial: 1
Ceiling
Other: 1
Common Area Maintenance Includes
Assessment Fees: 1
Grounds/Plants: 1
HVAC Maintenance: 1
Inside Insurance: 1
Management Fees: 1
Outside Insurance: 1
Water: 1
Distance To Information
Miles to Expressway: 3
Heating
Central Building: 1
Sale Includes
Land: 1
Leases: 1
Construction Materials
Block: 1
Stucco: 1
Road Frontage Type
City Street: 1
Roof
Composition: 1
Shingle: 1
Security Features
Other: 1
Water Source
Public: 1
Income and Expenses
Gross Income: 71000
Other Income: 0
Vacancy Allowance Rate: 0
Gross Scheduled Income: 71000
Net Operating Income: 71000
Source Of Expenses
Owner Provided: 1
Unit Details
Reimbursement SqFt Amount: 0
Description of Unit Type 1
Unit Type: 2 Bedroom
Beds Total: 2
Cooling
Central Building: 1
Showing Requirements
Call Listing Agent: 1
Status Change Information
Major Change Timestamp: 2024-05-13T12:57:30Z
Major Change Type: New Listing
Status Change Date: 2024-05-17
Originating Details
Originating System Key: 582232200
Originating System ID: M00000170
Property Features
Business Type: Commercial
Ceiling: Other
Common Area Maintenance Includes: Assessment Fees; Grounds/Plants; HVAC Maintenance; Inside Insurance; Management Fees; Outside Insurance; Water
Documents Available: Aerial Photo(s); Copy Of Lease(s)
Heating: Central Building
Location of Property: City Location; Corner Unit
Possession: Close Of Escrow
Property Condition: Resale
Sale Includes: Land; Leases
Source Of Expenses: Owner Provided
Construction Materials: Block; Stucco
Cooling: Central Building
Road Frontage Type: City Street
Roof: Composition; Shingle
Security Features: Other
Sewer: Public Sewer
Water Source: Public
Showing Requirements: Call Listing Agent
Documents
Survey and Arial Photo ›
Listing Office:
Joe Caprio & Co. Real Estate
Last Updated: February - 20 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
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