450 Paradise Isle Boulevard, Hallandale Beach, FL 33009 (MLS# F10439205)

450 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

Overview

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!!!

Listing Details MLS# F10439205

General Property Information

Number Of Buildings
7
Property Sub Type
Multi Family
Number Of Units Total
195
Price Per Unit
34102
Occupant Type
Call Listing Agent
Year Built
1964
Lot Size Acres
4.28
Accessibility Features YN
Yes
Stories Total
3

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

Contract Information

Comp Sale YN
No
Listing Contract Date
2024-05-13
Original List Price
6650000
Owner Phone
954-980-3317

Location and Legal

Country
United States
County Or Parish
Broward
County Parish Name
Broward
Street Number
450
Street Name
Paradise Isle
Street Suffix
Boulevard
City Name
Hallandale Beach
State Or Province
FL
Postal Code
33009
Area
3040
Geographic Area
HWEA - Hollywood East (3010-3050)
Parcel Number
514226140070
Directions
Use GPS.
Property Description
LAND LEASE (MULTI FAMILY)

Financial Information

Tax Year
2023
Tax Legal Description
ISLE OF PARADISE 59-8 B TRACT G-1
Tax Assessed/SOH Value
0
Assessor Market Value
0

Status Change Information

Major Change Timestamp
2024-05-13T12:57:30Z
Major Change Type
New Listing
Status Change Date
2024-05-17

More Information

Distance To Information

Miles to Expressway
3

Meter Information

Number Of Meters Total
200

Short Sale Details

Lender Approval
Unapproved
Short Sale Addendum
No

Income and Expenses

Gross Income
71000
Gross Scheduled Income
71000
Net Operating Income
71000
Other Income
0
Vacancy Allowance Rate
0

Description of Unit Type 1

Unit Type
2 Bedroom

Originating Details

Originating System Key
582232200
Originating System ID
M00000170

Currently Not Used

Ownership Type
Corporation

Office/Member Information

DXORIGMLSID
FLL

Property Condition

Resale
Yes

Documents Available

Aerial Photo(s)
Yes
Copy Of Lease(s)
Yes

Location of Property

City Location
Yes
Corner Unit
Yes

Possession

Close Of Escrow
Yes

Sewer

Public Sewer
Yes

Business Type

Commercial
Yes

Ceiling

Other
Yes

Common Area Maintenance Includes

Assessment Fees
Yes
Grounds/Plants
Yes
HVAC Maintenance
Yes
Inside Insurance
Yes
Management Fees
Yes
Outside Insurance
Yes
Water
Yes

Heating

Central Building
Yes

Sale Includes

Land
Yes
Leases
Yes

Construction Materials

Block
Yes
Stucco
Yes

Road Frontage Type

City Street
Yes

Roof

Composition
Yes
Shingle
Yes

Security Features

Other
Yes

Water Source

Public
Yes

Source Of Expenses

Owner Provided
Yes

Unit Details

Reimbursement SqFt Amount
0

Cooling

Central Building
Yes

Showing Requirements

Call Listing Agent
Yes
Listing Office: Joe Caprio & Co. Real Estate
IDX
Last Updated: February - 20 - 2026
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