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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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501 NW 7th Ter , Fort Lauderdale, FL 33311
$1,225,000
Est. Payment: $2,722.22/mo
0 Bed
0 Bath
0 Sqft
Status: Active Under Contract | Days on site: 38
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LSIR01 - 3522722,3455536
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House Description

Exceptional corner development site located in one of Fort Lauderdale’s fastest-growing corridors. This 20,250 square foot parcel, comprised of three assembled lots, sits prominently at NW 7th Terrace and NW 5th Street, just steps from Sistrunk Marketplace and surrounded by significant new construction and revitalization. Zoned RMM25, the property offers the potential to develop up to 10 townhomes. The lot previously received City approval for a church, reflecting strong development viability. A current survey is available, and extensive testing has already been completed, providing added value and reduced upfront work for the next developer. Uses Commonly Built in RMM-25 In practice, this zoning has been used for: • Townhome developments (e.g., mid-rise townhome complexes) • Small/medium multifamily buildings (typically up to ~25 units/acre density) ? • Mixed residential configurations with some higher-density units Position yourself ahead of the curve and capitalize on Fort Lauderdale’s continued growth before pricing accelerates further.

Highlights

Listed by Herby Honore , 754-281-2886 and Amilia Honore , 954-993-7521 Lifestyle International Realty , 305-809-8085.

Property Type

Vacant Land

Lot/Acreage
0.46

County

Broward

Area

3423

Neighborhood

North Lauderdale

Listing ID

A12064988

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Water:Other

Exterior Features

Lot:<1 Acre
Lot Dimensions:100x202
Zoning:RMM-25
Sewer:None
Principal Interest
$2,722
Taxes
$32

Home Price

$1,225,000

Loan Details

30 yrs
%

Down Payment

20%
$245,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,722.22

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,722.22 $31.92 $0.00 $2,754.14
Yearly $32,666.67 $383.00 $0.00 $33,049.67
Total $980,000.00 $11,490.00 $0.00 $991,490.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Fort Lauderdale, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.