720 Bayshore Dr 301, Fort Lauderdale, FL 33304

Condominium · Active

$389,500

720 Bayshore Dr 301, Fort Lauderdale, FL 33304 — MLS photo

CondoFinder

720 Bayshore Dr 301, Fort Lauderdale, FL 33304

Bedrooms
2
Bathrooms
2
Interior
1,473 sq ft
Price / sq ft
$264/sq ft
Built
1971
Lot
—

The residence

JUST 3 BLOCKS FROM THE OCEAN! Spacious, tastefully remodeled 2BR/2BA third-floor condo offered at $399,500. Generous floor plan, move-in ready and ideal as a primary residence, vacation home or investment. Major building improvements include completed concrete restoration, 50-year certification, hurricane-impact windows throughout, new elevator motors and a roof warranty. Building insurance premiums have recently decreased. Includes 2 assigned tandem parking spaces, plus guest parking near the building. Walk to the beach, restaurants, shopping, and everyday conveniences. Similar-sized units have sold well into the $400s—an outstanding opportunity to own near the beach at an attractive price!

Property location

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720 Bayshore Dr 301, Fort Lauderdale, FL 33304

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,473 sq ft
Flooring
Hardwood, Tile, Wood
Appliances
Dishwasher, Refrigerator
Cooling
Central Air
Heating
Central
Interior features
Bedroom On Main Level, Third Floor Entry
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
1971
Stories
8
Construction
CBSConcrete Block Structure, Block
Exterior features
Fence
Pool
Association
View
Garden

Parking

Garage spaces
0
Covered spaces
0
Parking features
Assigned, Covered, Detached, Garage, One Space

HOA, Community & Financials

Association fee
$875 Monthly
Fee inclusions
Trash, Water
Amenities
Clubhouse, Pool, Vehicle Wash Area, Elevators
Security
Intercom
Pets allowed
No
Annual tax
$8,784
Subdivision
NAUTICAL TOWERS CONDO
County
Broward
Days on market
124
MLS listing ID
A12019408
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$330

Cap rate
4.7%
Net yield
4.7%
Cash-on-cash return
-3.6%
Gross yield
11.5%
Mortgage payment
$1,846/mo
Down payment
$97,375
Loan amount
$292,125
Annual NOI
$18,197

Estimates only — includes 5 % maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.

Get More Info About This Property

720 Bayshore Dr 301, Fort Lauderdale, FL 33304