56187 Isle Of Venice Drive, Fort Lauderdale, FL 33301
$5,047,000
Property Type:
Residential Income
Square Footage:
3,479
Status:
Closed
Current Price:
$5,047,000
List Date:
2/25/2022
Last Modified:
1/24/2026
Description
Extraordinary multifamily development opportunity in the heart of booming Fort Lauderdale, Florida. Rare opportunity to acquire large 120’ waterfront multifamily income producing property with 8-individual deep-water boat slips &/or land to develop a 8-10-unit luxury condominium with spectacular waterfront views and sunset vistas. This uniqulely available and extremely desirable property is located off magnificent Las Olas Boulevard and walking distance to downtown and the majestic Fort Lauderdale beaches. Amazing location for Investor or Developer. Located near the developing “Wall Street of the South” in renowned “Venice of America” and yachting capital of the world. Sorrento is the best of everything with deep-water Intracoastal and Ocean Access.
More Information MLS# F10319468
Contract Information
Comp Sale YN: No
Listing Date: 2022-02-25
Status: Closed
Original List Price: 8900000
Sold Price: $5,047,000
Current Price: $5,047,000
Location and Legal
County Or Parish: Broward
County Parish Name: Broward
City Name: Fort Lauderdale
Postal Zip: 33301
Development Name: Sorrento
Geographic Area: FTSE - Ft Lauderdale SE (3280;3600;3800)
Country: United States
Street Number: 87
Street Name: Isle Of Venice
Street Suffix: Drive
State Or Province: FL
Postal Code: 33301
Postal Code +4: 4040
Subdivision Name: Nurmi Isles Island 4 24-4
Area: 3280
Parcel Number: 504201120170
Zoning: RMM-25
Directions: take I-95 South to Broward boulevard head east until S.E 15th ave make a right go straight till you get to Las Olas. Turn left heading east keep going until Isle of Venice, make a left onto isle of Venice.
General Property Information
Living Area Main: 3479
Lot Size Dimensions: 14,400
Gated Community YN: No
Water Frontage Feet: 120
Stories Total: 2
Pool Private YN: Yes
LP/Assessed Value: 4.06
Property Sub Type: Quadruplex
Year Built: 1953
Waterfront YN: 1
Financial Information
Tax Assessed/SOH Value: 1699670
Assessor Market Value: 1699670
Tax Annual Amount: 12055
Tax Year: 2021
Tax Legal Description: NURMI ISLES ISLAND NO 4 24-43 B LOT 15
Office/Member Information
DXORIGMLSID: FLL
Status Change Information
Buyer Financing: Cash
Major Change Timestamp: 2022-08-11T16:34:34Z
Major Change Type: Status Change
Price Change Timestamp: 2022-06-20T15:05:00Z
Status Change Date: 2022-08-15
Under Contract Date: 2022-07-28
Close Date: 2022-08-11
Close Price: 5047000
Flooring
Terrazzo: 1
Wood: 1
Property Condition
Resale: 1
Short Sale Details
Short Sale Addendum: No
Co-Ownership
Property Management YN: No
Documents Available
Existing Survey: 1
Possession
Negotiable: 1
Sewer
Public Sewer: 1
Utilities
Cable Available: 1
Heating
Separate Meters: 1
Window/Wall: 1
Water Access
Ocean Access: 1
Construction Materials
Block: 1
Listing Terms
Cash: 1
Conventional: 1
Other: 1
Pool Features
In Ground: 1
Roof
Concrete: 1
Waterfront Features
Canal Front: 1
No Fixed Bridges: 1
Boat and Dock Information
Dock: Yes
Boat and Dock Features
Private Dock: 1
Cooling
Wall/Window Unit(s): 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Showing Service: 1
Restrictions
Other Restrictions: 1
Tax Information
City/County: 1
Canal Width
Canal Width 81-120 Feet: 1
Outdoor Living Spaces
Balcony: 1
Porch: 1
Contingencies
Inspection: 1
Concessions
Seller Concessions: No
Unit 1 Details
Actual Rent: 950
Baths Full: 1
Baths Half: 2
Beds Total: 2
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
Unit 1 Lease Description
Occupant Type: Vacant
Unit 1 Parking Features
Parking Space: 1
Unit 1 Rooms
Laundry Room: 1
Price Calculations
Current Price To SqFt: 1450.7
Original List Price To Close Price: 0.56
Section Details
Parcel Number MLX: 0170
Acreage Description
1/4 To Less Than 1/2 Acre Lot: 1
Originating Details
Originating System Key: 551498477
Originating System ID: M00000170
Property Features
Documents Available: Existing Survey
Flooring: Terrazzo; Wood
Property Condition: Resale
Boat and Dock Features: Private Dock
Construction Materials: Block
Cooling: Wall/Window Unit(s)
Heating: Separate Meters; Window/Wall
Listing Terms: Cash; Conventional; Other
Pool Features: In Ground
Possession: Negotiable
Restrictions: Other Restrictions
Roof: Concrete
Sewer: Public Sewer
Tax Information: City/County
Utilities: Cable Available
Water Access: Ocean Access
Waterfront Features: Canal Front; No Fixed Bridges
Canal Width: Canal Width 81-120 Feet
Showing Requirements: Appointment Only; Call Listing Agent; Showing Service
Outdoor Living Spaces: Balcony; Porch
Unit 1 Parking Features: Parking Space
Unit 1 Rooms: Laundry Room
Contingencies: Inspection
Acreage Description: 1/4 To Less Than 1/2 Acre Lot
Listing Office:
Coldwell Banker Realty
Last Updated: January - 24 - 2026
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