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Luxuri International Realty Represents Seller In $4.8M Sale Of Fort Lauderdale Vacation Rental

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SOLD
$4,800,000

Florida

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Single Family Residence4,356 SF
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SOLD

Luxuri International Realty Represents Seller In $4.8M Sale Of Fort Lauderdale Vacation Rental

2719 Northeast 14th Street

See Similar Deals
Single Family Residence4,356 SF
Sold
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1101
Total Square Footage:4356 SF
Transaction Type:Sale

This single-family home located at 2719 Northeast 14th Street in Fort Lauderdale has a sale price of $4,800,000. The property spans 4,356 square feet and has a price per square foot of $1,101. It consists of 4 bedrooms and was previously utilized as a vacation rental.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $4,800,000
  • Square Footage: 4,356
  • Price Per Square Foot: $1,101
  • Seller's Representative: Larry Shinbaum - Luxuri International Realty
  • Market: Fort Lauderdale

The deal involved Larry Shinbaum from Luxuri International Realty as the seller's representative. The property was generating approximately $40,000 per month as a vacation rental under the management of Luxuri International Realty.

Players

Larry Shinbaum
Luxuri International Realty
Larry Shinbaum
10 deals$57.5M volume
BROKER

Details

SOLD
IMAGE: Larry Shinbaum DATE: 02/03/2025 ADDRESS: 2719 Northeast 14th Street MARKET: Fort Lauderdale ASSET TYPE: Single Family SELLER'S REP: Larry Shinbaum (@Larry.Luxuri) - Luxuri International Realty SALE PRICE: $4,800,000 SF: 4,356 ~ PPSF: $1,101 NOTE FROM BROKER: This 4 bedroom home was a vacation rental managed by Luxuri and was generating around $40,000 per month.

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Operating Income
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Net Operating Income (NOI)

$256,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,053.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,754.45
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