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2732 NE 15th Street, Fort Lauderdale, FL 33304
Overview
Description
Supplements: ... (Read more) The Best Investment Gem in Fort Lauderdale — Rare Dual 4-Plex Waterfront Opportunity!Presenting an unmatched opportunity in the heart of prestigious Coral Ridge — this offering includes two fully operational 4-plexes (8 total units) spanning over ½ acre with an incredible 200 feet of deep-water frontage on a wide 127' canal, with no fixed bridges to the ocean.Currently operated as high-performing luxury short-term rentals, these properties generate over $600,000 per year in income, offering not only immediate cash flow but long-term redevelopment potential. With 13 bedrooms and 10 bathrooms across both buildings, this flexible layout accommodates everything from individual vacation renters to large groups, family reunions, wedding parties, and corporate retreats.Each 4-plex features:Its own private heated pool2 assigned parking spaces per unit (16 total)Modern central air conditioningPrivate patios and shared outdoor lounge areasLarge, open-plan living areas designed for comfort and styleOne of the buildings has undergone a complete, high-end renovation including:Impact-resistant windows and doorsDesigner tile flooring and upscale lightingModern kitchens with quartz countertops and stainless steel appliancesUpdated bathrooms with walk-in showers and contemporary finishesThoughtfully curated designer furnishings throughoutIn 2021, a new concrete dock was installed, offering 100 feet of secure dockage on a deep-water canal, perfect for accommodating large boats or yachts. Boaters will appreciate quick, unrestricted access to the Intracoastal and open ocean—no fixed bridges!Zoned RM-25, this property offers incredible redevelopment potential. Build luxury townhomes, boutique condos, or multi-family residences, capitalizing on the expansive lot size and coveted Coral Ridge location. The possibilities for value add or full-scale development are limitless.Situated just minutes from:Fort Lauderdale BeachLas Olas Boulevard’s shopping and diningGolf courses and marinasBayview Elementary School — one of the area’s top-rated public schoolsThis is more than an income-producing property — it's a rare, high-demand asset in one of Fort Lauderdale’s most desirable neighborhoods. Whether you're an investor looking for high-yield cash flow, a developer searching for waterfront land, or a buyer seeking a compound-style retreat, this is the ultimate opportunity.Why This Property Stands Out:Immediate and consistent rental income with proven performanceZoned for high-density redevelopment (RM-25)Two self-contained 4-unit buildings, each with pool and independent operationFully renovated 4-plex with impact glass and high-end interiors200' of waterfront + 100' dockage on a deep-water canal with no fixed bridgesPrime east Fort Lauderdale location with strong rental demandPotential to rent as individual units or a full 8-unit resort-like experienceOpportunities like this are truly rare in Fort Lauderdale. Own an established income machine with flexible exit strategies — operate as-is, expand, redevelop, or sell off individually. Call today for more details or to schedule a private showing. Serious investors and developers welcome.
Listing Details MLS# F10505721
General Property Information
- Property Sub Type
- Quadruplex
- Building Area Main
- 7776
- Living Area Main
- 7776
- Year Built
- 1951
- Gated Community YN
- No
- Lot Size Dimensions
- 125x200
- Waterfront YN
- Yes
- Water Frontage Feet
- 200
- Outdoor Living Spaces YN
- Yes
- Stories Total
- 2
- Pool Private YN
- Yes
- Spa YN
- Yes
- LP/Assessed Value
- 6.73
Property Features
Contract Information
- Comp Sale YN
- No
- Listing Contract Date
- 2025-06-09
- Original List Price
- 10000000
Location and Legal
- Country
- United States
- County Or Parish
- Broward
- County Parish Name
- Broward
- Street Number
- 2732
- Street Direction Prefix
- NE
- Street Name
- 15th
- Street Suffix
- Street
- City Name
- Fort Lauderdale
- State Or Province
- FL
- Postal Code
- 33304
- Postal Code +4
- 1615
- Postal Zip
- 33304
- Subdivision Name
- Coral Ridge 21-50 B
- Area
- 3260
- Geographic Area
- FTNE - Ft Lauderdale NE (3240-3270;3350-3380;3440-3450;3700)
- Parcel Number
- 494236021510
- Zoning
- RMM-25
- Directions
- From East Sunrise Blvd turn north onto Bayview Dr. Then turn right or east onto the NE 15th St. the two 4 plexs are side by side on the South side of the street! Look for the dual listing signs.
Financial Information
- Tax Annual Amount
- 29846
- Tax Year
- 2024
- Tax Assessed/SOH Value
- 1485930
- Tax Legal Description
- CORAL RIDGE 21-50 B LOT 5 BLK 11
- Assessor Market Value
- 1485930
Status Change Information
- Major Change Timestamp
- 2025-07-30T20:01:31Z
- Major Change Type
- Status Change
- Status Change Date
- 2025-07-31
- Under Contract Date
- 2025-07-28
- Close Date
- 2025-07-30
- Close Price
- 8750000
- Buyer Financing
- Cash
More Information
Co-Ownership
- Property Management YN
- No
Meter Information
- Separate Electric Meters YN
- Yes
Short Sale Details
- Short Sale Addendum
- No
Boat and Dock Information
- Dock
- Yes
Unit 1 Details
- Actual Rent
- 50000
- Baths Full
- 2
- Efficiency YN
- Yes
- Furnished
- Negotiable
- Hotel Room YN
- No
Unit 1 Lease Description
- Currently Leased YN
- Yes
Unit 2 Details
- Actual Rent
- 50000
- Baths Full
- Yes
- Efficiency YN
- Yes
- Furnished
- Negotiable
- Hotel Room YN
- No
Unit 2 Lease Description
- Currently Leased YN
- Yes
Unit 3 Details
- Actual Rent
- 50000
- Baths Full
- Yes
- Efficiency YN
- Yes
- Furnished
- Negotiable
- Hotel Room YN
- No
Unit 3 Lease Description
- Currently Leased YN
- Yes
Unit 4 Details
- Actual Rent
- 50000
- Baths Full
- 6
- Efficiency YN
- Yes
- Furnished
- Negotiable
- Hotel Room YN
- No
Unit 4 Lease Description
- Currently Leased YN
- Yes
Concessions
- Seller Concessions
- No
Price Calculations
- Current Price To SqFt
- 1125.26
- Original List Price To Close Price
- 0.87
Section Details
- Parcel Number MLX
- 1510
Originating Details
- Originating System Key
- 599013681
- Originating System ID
- M00000170
Currently Not Used
- Number Of Units Total
- 4
Office/Member Information
- DXORIGMLSID
- FLL
Exterior Features
- Barbecue
- Yes
- Built-in Barbecue
- Yes
- Outdoor Shower
- Yes
Flooring
- Tile
- Yes
Property Condition
- Resale
- Yes
Special Information
- Sold As-Is
- Yes
Documents Available
- None
- Yes
Fencing
- Fenced
- Yes
Possession
- Close Of Escrow
- Yes
Sewer
- Public Sewer
- Yes
Utilities
- Cable Available
- Yes
Heating
- Central
- Yes
- Electric
- Yes
- Separate Meters
- Yes
Sprinkler Description
- Auto Sprinkler
- Yes
Construction Materials
- CBS
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
- FHA
- Yes
- VA Loan
- Yes
Other Equipment
- Fuel Tank(s)
- Yes
Pool Features
- Heated
- Yes
- In Ground
- Yes
Roof
- Composition
- Yes
- Flat
- Yes
- Shingle
- Yes
- Tile
- Yes
Waterfront Features
- Canal Front
- Yes
- Seawall
- Yes
- No Fixed Bridges
- Yes
Boat and Dock Features
- Private Dock
- Yes
Cooling
- Ceiling Fan(s)
- Yes
- Central Air
- Yes
Showing Requirements
- 24 Hour Notice
- Yes
- Showing Service
- Yes
Restrictions
- Other Restrictions
- Yes
Storm Protection Details
- High Impact Door
- Yes
Tax Information
- Tax Reflects No Exemptions
- Yes
Canal Width
- Canal Width 121 Feet or More
- Yes
Outdoor Living Spaces
- Balcony
- Yes
- Deck
- Yes
- Patio
- Yes
- Porch
- Yes
Contingencies
- None
- Yes
Unit 1 Appliances
- Dishwasher
- Yes
- Disposal
- Yes
- Microwave
- Yes
- Range
- Yes
- Refrigerator
- Yes
- Washer
- Yes
Unit 1 Other Equipment
- Air Conditioning Unit
- Yes
- Smoke Detector(s)
- Yes
- Washer/Dryer Hookups
- Yes
- Window Coverings
- Yes
Unit 1 Parking Features
- Open Parking
- Yes
Unit 1 Rooms
- Family Room
- Yes
- Kitchen
- Yes
- Laundry Room
- Yes
- Separate Dining
- Yes
Unit 2 Appliances
- Dishwasher
- Yes
- Disposal
- Yes
- Dryer
- Yes
- Microwave
- Yes
- Range
- Yes
- Refrigerator
- Yes
- Washer
- Yes
- Other
- Yes
Unit 2 Other Equipment
- Air Conditioning Unit
- Yes
- Smoke Detector(s)
- Yes
- Washer/Dryer Hookups
- Yes
Unit 2 Parking Features
- Open Parking
- Yes
Unit 3 Appliances
- Dishwasher
- Yes
- Disposal
- Yes
- Dryer
- Yes
- Microwave
- Yes
- Range
- Yes
- Refrigerator
- Yes
- Washer
- Yes
- Other
- Yes
Unit 3 Other Equipment
- Air Conditioning Unit
- Yes
- Washer/Dryer Hookups
- Yes
Unit 3 Parking Features
- Open Parking
- Yes
Unit 4 Appliances
- Dishwasher
- Yes
- Disposal
- Yes
- Dryer
- Yes
- Microwave
- Yes
- Range
- Yes
- Refrigerator
- Yes
- Washer
- Yes
- Other
- Yes
Unit 4 Other Equipment
- Air Conditioning Unit
- Yes
- Smoke Detector(s)
- Yes
- Washer/Dryer Hookups
- Yes
Unit 4 Parking Features
- Open Parking
- Yes
Acreage Description
- 1/2 To Less Than 1 Acre Lot
- Yes