Investor Opportunity: Prime Waterfront Property with High ROI Potential

Located in the highly desirable Riverland neighborhood of Fort Lauderdale, this 4-bedroom, 2.5-bathroom single-story home sits on a prime 0.68-acre lot with 135 feet of waterfront and no fixed bridges. This property offers a rare opportunity for significant value-add potential through a full-scale renovation. With a 63-foot dock and direct ocean access, it’s ideal for boaters and waterfront buyers.

The home spans approximately 2,800 square feet, featuring a functional layout, hurricane-protected windows, and a 6-year-old roof, providing a solid foundation for modernization. The lot’s size and location allow for the development of a high-end, modern home or a luxury remodel to capitalize on this high-demand area. Comparable sales in the neighborhood demonstrate values exceeding $3M for fully modernized properties of this size and lot type.

Comparable Sales

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Key features include:

• Waterfront access suitable for large yachts.
• A large below-ground pool with cabana bath.
• A detached two-car garage with additional covered parking.

Estimated Renovation Costs: $800,000

*** Scope of Work ***
* Full interior remodel: $300,000 *
* Pool and outdoor space upgrade: $150,000 *
* Modern façade and roofing: $200,000 *
* Dock and seawall upgrades: $100,000 *
* Landscaping and lighting: $50,000 *

Renovation Details
Interior:

Modern open-concept layout with high-end appliances and finishes.
Luxury bathrooms with spa-like features.
Premium tile and hardwood flooring.
Exterior:

Redesigned landscaping with modern lighting.
Enhanced pool area with cabana and outdoor kitchen.
Dock improvements to support large yachts.

This property is being sold as-is, making it an excellent opportunity for investors looking for a fix-and-flip or to create a high-end rental portfolio. With a modern renovation, the property’s resale potential is significant, appealing to a luxury market with strong demand for turnkey waterfront homes.

Key Strategy

Investor Approach:

Fully modernize the property to align with high-end luxury standards in the area.
Market as a prime waterfront estate with premium features like a 63-foot dock, no fixed bridges, and a luxury pool.

Market Position
The remodeled property will capitalize on the exclusive Riverland neighborhood’s demand for modern luxury estates. By emulating the features and design language of 2640 Riverland Rd, this property will target buyers in the $3.5M-$3.8M price range.

Target Market:

High-net-worth buyers seeking waterfront properties with direct ocean access and modern luxury.

Invest now to secure a profitable return in a market that continues to show appreciation and demand for premium waterfront real estate. Easy to show—contact the listing agent today.