87 Isle Of Venice Drive, Fort Lauderdale, FL 33301 (MLS# F10319468)

87 Isle Of Venice Drive, Fort Lauderdale, FL 33301

$5,047,000

Virtual Tour

https://vimeo.com/680975867

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

Overview

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.

Listing Details MLS# F10319468

General Property Information

Property Sub Type: Quadruplex
Living Area Main: 3479
Year Built: 1953
Gated Community YN: No
Lot Size Dimensions: 14,400
Waterfront YN: Yes
Water Frontage Feet: 120
Stories Total: 2
Pool Private YN: Yes
LP/Assessed Value: 4.06

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

Contract Information

Comp Sale YN: No
Listing Contract Date: 2022-02-25
Original List Price: 8900000

Location and Legal

Country: United States
County Or Parish: Broward
County Parish Name: Broward
Street Number: 87
Street Name: Isle Of Venice
Street Suffix: Drive
City Name: Fort Lauderdale
State Or Province: FL
Postal Code: 33301
Postal Code +4: 4040
Postal Zip: 33301
Subdivision Name: Nurmi Isles Island 4 24-4
Development Name: Sorrento
Area: 3280
Geographic Area: FTSE - Ft Lauderdale SE (3280;3600;3800)
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.

Financial Information

Tax Annual Amount: 12055
Tax Year: 2021
Tax Assessed/SOH Value: 1699670
Tax Legal Description: NURMI ISLES ISLAND NO 4 24-43 B LOT 15
Assessor Market Value: 1699670

Status Change Information

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
Buyer Financing: Cash

More Information

Co-Ownership

Property Management YN: No

Short Sale Details

Short Sale Addendum: No

Boat and Dock Information

Dock: Yes

Unit 1 Details

Actual Rent: 950
Baths Full: Yes
Baths Half: 2
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No

Unit 1 Lease Description

Occupant Type: Vacant

Concessions

Seller Concessions: No

Price Calculations

Current Price To SqFt: 1450.7
Original List Price To Close Price: 0.56

Section Details

Parcel Number MLX: 0170

Originating Details

Originating System Key: 551498477
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: FLL

Flooring

Terrazzo: Yes
Wood: Yes

Property Condition

Resale: Yes

Documents Available

Existing Survey: Yes

Possession

Negotiable: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes

Heating

Separate Meters: Yes
Window/Wall: Yes

Water Access

Ocean Access: Yes

Construction Materials

Block: Yes

Listing Terms

Cash: Yes
Conventional: Yes
Other: Yes

Pool Features

In Ground: Yes

Roof

Concrete: Yes

Waterfront Features

Canal Front: Yes
No Fixed Bridges: Yes

Boat and Dock Features

Private Dock: Yes

Cooling

Wall/Window Unit(s): Yes

Showing Requirements

Appointment Only: Yes
Call Listing Agent: Yes
Showing Service: Yes

Restrictions

Other Restrictions: Yes

Tax Information

City/County: Yes

Canal Width

Canal Width 81-120 Feet: Yes

Outdoor Living Spaces

Balcony: Yes
Porch: Yes

Contingencies

Inspection: Yes

Unit 1 Parking Features

Parking Space: Yes

Unit 1 Rooms

Laundry Room: Yes

Acreage Description

1/4 To Less Than 1/2 Acre Lot: Yes

Listing Office: Coldwell Banker Realty

Last Updated: January - 24 - 2026

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87 Isle Of Venice Drive, Fort Lauderdale, FL 33301 (MLS# F10319468)