56 Fort Royal Isle - Multi-Family FOR SALE


Fort Lauderdale, FL 33308- Bermuda Riviera
$5,295,000 USD
514-712-3014
56 Fort Royal Isle, Fort Lauderdale, FL for Sale
$5,295,000 USD
Multi-Family - FOR SALE
1/15
null | 6.8% Cap Rate

56 Fort Royal Isle
Fort Lauderdale, FL 33308
Bermuda Riviera


HIGHLIGHTS

  • Revenu Property
  • Own Beach Section
  • Community Living

OVERVIEW

Prime Waterfront Estate with Strong Airbnb Income – 57 Fort Royal Isle, Fort Lauderdale This luxurious waterfront estate located in the highly sought-after Bermuda Isles offers 129 feet of prime canal frontage, direct ocean access, and no fixed bridges—a dream come true for boating enthusiasts. The property features a 100-foot dock, 8 spacious bedrooms, 7.5 baths, and two master suites offering privacy and stunning water views. The estate is meticulously designed with high-end finishes, including marble and gray bamboo flooring, a gourmet kitchen with Miele appliances, and a Key West-style exterior with Bahama shutters and a metal roof. Profitable Investment Opportunity: Annual Airbnb Income: $400,000 Annual Operating Expenses: $40,000 Net Income (NOI): $360,000 per year Current Occupancy Rate: 63% Cap Rate: 6.80% With a 63% occupancy rate, this property continues to generate significant returns, offering an impressive net income despite lower-than-average occupancy. The 6.80% cap rate reflects the strong potential for increased profitability, making this property an excellent choice for investors looking for a lucrative short-term rental income stream. The saltwater pool, private balconies, and picturesque waterfront views further enhance its appeal as both a luxury residence and a lucrative investment property. Located in the coveted Bermuda Isles neighborhood, this estate offers exceptional rental returns, making it an ideal investment for anyone seeking high-end living with the added benefit of a strong return on investment.

FOR SALE DETAILS

PRICE

$5,295,000 USD

PRICE/SF

$1,029 USD /SF

# OF UNITS

8

PRICE/UNIT

$661,875

CAP RATE

6.8%

% LEASED

63%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bermuda Isle

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2003

PARKING SPACES

2

LAND DETAILS

LAND ACRES

11.26 AC

LAND SF

490,703 SF

ZONING

RS-8

APN/PARCEL ID

49-43-19-03-1920

ASK ABOUT THIS PROPERTY

Sylvain SavignacEngel & VölkersMore Info
514-712-3014

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Sylvain SavignacEngel & VölkersMore Info
514-712-3014

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.