2732 NE 15th Street, Fort Lauderdale, FL 33304

$8,750,000
Property Type: Residential Income Square Footage: 7,776 Status: Closed
Current Price: $8,750,000 List Date: 6/19/2025 Last Modified: 3/02/2026

Description

The Best investment gem in Fort Lauderdale! This sale is for two turnkey 4-plexes (8 units total) on over ½ acre with 200' of deep-water frontage (no fixed bridges) on a wide 127' canal. 13 beds 10 baths! Generates $600K+/year as a luxury short-term rental. Each building has its own heated pool, 2 parking spaces per unit. One 4-plex was fully renovated with high-end finishes, impact glass, modern kitchens, updated baths, & designer furnishings. New concrete dock (2021). Perfect for group rentals, family retreats, or events. Zoned RM-25 with potential for luxury townhomes, condos, or future redevelopment. Rare blend of immediate income & long-term upside. Prime location near beaches, shopping, dining, golf, & top Bayview elementary school. opportunities like this are truly rare! Call today

Supplements: 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.

More Information MLS# F10505721

Contract Information

Comp Sale YN: No Listing Contract Date: 2025-06-09 Status: Closed Original List Price: 10000000 Sold Price: $8,750,000 Current Price: $8,750,000

Location and Legal

County Or Parish: Broward County Parish Name: Broward City Name: Fort Lauderdale Postal Zip: 33304 Geographic Area: FTNE - Ft Lauderdale NE (3240-3270;3350-3380;3440-3450;3700) Country: United States Street Number: 2732 Street Direction Prefix: NE Street Name: 15th Street Suffix: Street State Or Province: FL Postal Code: 33304 Postal Code +4: 1615 Subdivision Name: Coral Ridge 21-50 B Area: 3260 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.

Currently Not Used

Number Of Units Total: 4

General Property Information

Living Area Main: 7776 Lot Size Dimensions: 125x200 Gated Community YN: No 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 Sub Type: Quadruplex Building Area Main: 7776 Year Built: 1951 Waterfront YN: 1

Financial Information

Tax Assessed/SOH Value: 1485930 Assessor Market Value: 1485930 Tax Annual Amount: 29846 Tax Year: 2024 Tax Legal Description: CORAL RIDGE 21-50 B LOT 5 BLK 11

Office/Member Information

DXORIGMLSID: FLL

Status Change Information

Buyer Financing: Cash 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

Exterior Features

Barbecue: 1 Built-in Barbecue: 1 Outdoor Shower: 1

Flooring

Tile: 1

Property Condition

Resale: 1

Short Sale Details

Short Sale Addendum: No

Special Information

Sold As-Is: 1

Co-Ownership

Property Management YN: No

Documents Available

None: 1

Fencing

Fenced: 1

Meter Information

Separate Electric Meters YN: Yes

Possession

Close Of Escrow: 1

Sewer

Public Sewer: 1

Utilities

Cable Available: 1

Heating

Central: 1 Electric: 1 Separate Meters: 1

Sprinkler Description

Auto Sprinkler: 1

Construction Materials

CBS: 1

Listing Terms

Cash: 1 Conventional: 1 FHA: 1 VA Loan: 1

Other Equipment

Fuel Tank(s): 1

Pool Features

Heated: 1 In Ground: 1

Roof

Composition: 1 Flat: 1 Shingle: 1 Tile: 1

Waterfront Features

Canal Front: 1 Seawall: 1 No Fixed Bridges: 1

Boat and Dock Information

Dock: Yes

Boat and Dock Features

Private Dock: 1

Cooling

Ceiling Fan(s): 1 Central Air: 1

Showing Requirements

24 Hour Notice: 1 Showing Service: 1

Restrictions

Other Restrictions: 1

Storm Protection Details

High Impact Door: 1

Tax Information

Tax Reflects No Exemptions: 1

Canal Width

Canal Width 121 Feet or More: 1

Outdoor Living Spaces

Balcony: 1 Deck: 1 Patio: 1 Porch: 1

Contingencies

None: 1

Concessions

Seller Concessions: No

Unit 1 Appliances

Dishwasher: 1 Disposal: 1 Microwave: 1 Range: 1 Refrigerator: 1 Washer: 1

Unit 1 Details

Actual Rent: 50000 Baths Full: 2 Beds Total: 3 Efficiency YN: Yes Furnished: Negotiable Hotel Room YN: No

Unit 1 Lease Description

Currently Leased YN: Yes

Unit 1 Other Equipment

Air Conditioning Unit: 1 Smoke Detector(s): 1 Washer/Dryer Hookups: 1 Window Coverings: 1

Unit 1 Parking Features

Open Parking: 1

Unit 1 Rooms

Family Room: 1 Kitchen: 1 Laundry Room: 1 Separate Dining: 1

Unit 2 Appliances

Dishwasher: 1 Disposal: 1 Dryer: 1 Microwave: 1 Range: 1 Refrigerator: 1 Washer: 1 Other: 1

Unit 2 Details

Actual Rent: 50000 Baths Full: 1 Beds Total: 2 Efficiency YN: Yes Furnished: Negotiable Hotel Room YN: No

Unit 2 Lease Description

Currently Leased YN: Yes

Unit 2 Other Equipment

Air Conditioning Unit: 1 Smoke Detector(s): 1 Washer/Dryer Hookups: 1

Unit 2 Parking Features

Open Parking: 1

Unit 3 Appliances

Dishwasher: 1 Disposal: 1 Dryer: 1 Microwave: 1 Range: 1 Refrigerator: 1 Washer: 1 Other: 1

Unit 3 Details

Actual Rent: 50000 Baths Full: 1 Beds Total: 1 Efficiency YN: Yes Furnished: Negotiable Hotel Room YN: No

Unit 3 Lease Description

Currently Leased YN: Yes

Unit 3 Other Equipment

Air Conditioning Unit: 1 Washer/Dryer Hookups: 1

Unit 3 Parking Features

Open Parking: 1

Unit 4 Appliances

Dishwasher: 1 Disposal: 1 Dryer: 1 Microwave: 1 Range: 1 Refrigerator: 1 Washer: 1 Other: 1

Unit 4 Details

Actual Rent: 50000 Baths Full: 6 Beds Total: 7 Efficiency YN: Yes Furnished: Negotiable Hotel Room YN: No

Unit 4 Lease Description

Currently Leased YN: Yes

Unit 4 Other Equipment

Air Conditioning Unit: 1 Smoke Detector(s): 1 Washer/Dryer Hookups: 1

Unit 4 Parking Features

Open Parking: 1

Price Calculations

Current Price To SqFt: 1125.26 Original List Price To Close Price: 0.87

Section Details

Parcel Number MLX: 1510

Acreage Description

1/2 To Less Than 1 Acre Lot: 1

Originating Details

Originating System Key: 599013681 Originating System ID: M00000170

Property Features

Documents Available: None Exterior Features: Barbecue; Built-in Barbecue; Outdoor Shower Fencing: Fenced Flooring: Tile Property Condition: Resale Boat and Dock Features: Private Dock Construction Materials: CBS Cooling: Ceiling Fan(s); Central Air Heating: Central; Electric; Separate Meters Listing Terms: Cash; Conventional; FHA; VA Loan Other Equipment: Fuel Tank(s) Pool Features: Heated; In Ground Possession: Close Of Escrow Restrictions: Other Restrictions Roof: Composition; Flat; Shingle; Tile Sewer: Public Sewer Special Information: Sold As-Is Sprinkler Description: Auto Sprinkler Storm Protection Details: High Impact Door Tax Information: Tax Reflects No Exemptions Utilities: Cable Available Waterfront Features: Canal Front; Seawall; No Fixed Bridges Canal Width: Canal Width 121 Feet or More Showing Requirements: 24 Hour Notice; Showing Service Outdoor Living Spaces: Balcony; Deck; Patio; Porch Unit 1 Appliances: Dishwasher; Disposal; Microwave; Range; Refrigerator; Washer Unit 1 Other Equipment: Air Conditioning Unit; Smoke Detector(s); Washer/Dryer Hookups; Window Coverings Unit 1 Parking Features: Open Parking Unit 1 Rooms: Family Room; Kitchen; Laundry Room; Separate Dining Unit 2 Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer; Other Unit 2 Other Equipment: Air Conditioning Unit; Smoke Detector(s); Washer/Dryer Hookups Unit 2 Parking Features: Open Parking Unit 3 Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer; Other Unit 3 Other Equipment: Air Conditioning Unit; Washer/Dryer Hookups Unit 3 Parking Features: Open Parking Unit 4 Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer; Other Unit 4 Other Equipment: Air Conditioning Unit; Smoke Detector(s); Washer/Dryer Hookups Unit 4 Parking Features: Open Parking Contingencies: None Acreage Description: 1/2 To Less Than 1 Acre Lot
Listing Office: Latitude Key Real Estate
IDX
Last Updated: March - 02 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.