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+42 photosLuxury home — 11 SW 11th Avenue · Waverly Place 2-19 D · Fort Lauderdale
$1,395,000
11 SW 11th Avenue, Fort Lauderdale, FL 33312
Fort Lauderdale, FL, 33312
— bd · — ba · 2,480 sqft
Listed by LoKation
11 SW 11th Avenue, Fort Lauderdale, FL 33312
Listed by LoKation
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Estimated monthly payment
$9,899/mo
Income & expenses
| Building totals | Monthly | Annual |
|---|---|---|
| Gross rental income | $3,600 | $43,200 |
| Operating expenses (est.) | $2,336 | $28,035 |
| Net operating income (est.) | $1,264 | $15,165 |
Expenses include estimated taxes, insurance, HOA and the 10% vacancy, repairs and management allowance. Loan payments are separate.
Yearly rent
$43,200
Property taxes after sale
$16,740
Florida average estimate
Insurance estimate
$6,975
South Florida average insurance estimate
Cap rate — optimistic
1.40%
NOI $19,485/yr
Rent minus taxes, insurance and HOA.
Cap rate — conservative
1.09%
NOI $15,165/yr
Also minus 10% for vacancy, repairs and management.
Cash flow with a loan
Conservative net operating income minus a 30-year loan payment at the price tested above.
Rent figures come from the listing. Taxes are estimated at the tested price, since Florida taxes reset on sale. Planning estimate only, not a quote. Actual premiums depend on roof age, wind mitigation, flood zone, claims history and the carrier. Verify all income and expenses with the seller's rent roll before writing an offer. Estimate only, not guaranteed. Verify before you buy or sell.
Know your costs before you buy
Work through three numbers: your estimated monthly payment, the cash needed at closing, and insurance & flood.
Estimated monthly payment $9,899/mo · principal, interest, taxes, insurance and HOA. Verify before you buy.
Cash to close includes the down payment, lender and title costs, taxes, insurance prepayments and escrow deposits. Editable estimate only.
Insurance and flood: AE · verify insurance quotes before buying.
About this home
Find similar homesLocated in the heart of the desirable Sailboat Bend Historic District, this prime property offers an unparalleled investment opportunity just minutes from downtown Fort Lauderdale and the Discovery Center. Situated on approximately 1/3 acre and zoned RMM-25 (Residential Multifamily Medium High Density), this site provides the flexibility to expand and capitalize on its full potential.Currently, the property features two charming income-producing cottages generating $3,600/month in rental income. With the potential to add 5+ additional multi-level units, this property presents a rare chance for a developer or private owner to create a boutique multifamily development in one of Fort Lauderdale’s most unique and historic neighborhoods.
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
Price reduced 7%
The seller has come down from $1,495,000 to $1,395,000 — a $100,000 reduction since it came on the market.
458 days on market
Longer time on market usually means the seller is more open to negotiating on price and terms.
Price reductions and days on market come from this listing's MLS record. This is an initial market signal, not a formal appraisal or full comparable market analysis.
Property Details
Your costs (est.)
≈ $9,899/mo
11 SW 11th Avenue, Fort Lauderdale, FL 33312 · Fort Lauderdale
Location
11 SW 11th Avenue, Fort Lauderdale, FL 33312
What buyers ask about this home
What are the estimated monthly carrying costs at 11 SW 11th Avenue, Fort Lauderdale, FL 33312?+
Property tax (after sale): $2,179/month est.; homeowners insurance: $482/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $2,661/month est. Principal and interest: $7,238/month; PMI: $0/month. Total for the payment scenario shown: $9,899/month est. Flood insurance is not included. Estimate only, not guaranteed. Verify before you buy or sell.
Will property taxes go up after I buy 11 SW 11th Avenue, Fort Lauderdale, FL 33312?+
Usually yes. In Florida the assessed value resets to market value in the year after a sale, so the seller's current tax bill is rarely what a new owner pays. Budget roughly 1.8–2.0% of the purchase price annually until you file for homestead exemption and the Save Our Homes cap (or the 10% non-homestead cap) starts limiting increases.
Does 11 SW 11th Avenue, Fort Lauderdale, FL 33312 need flood insurance, and what drives the premium?+
Most of Fort Lauderdale sits in a FEMA flood zone, and lenders require flood coverage in high-risk zones. Premiums are driven by elevation certificate, flood zone, roof age and shape, and whether the home has impact windows or accordion shutters. Ask for the current declarations page, the four-point inspection and wind mitigation report early — they set your real cost of ownership.
What should an inspection focus on for a home like 11 SW 11th Avenue, Fort Lauderdale, FL 33312?+
In coastal South Florida, prioritize roof age and permit history, whether windows and doors are impact-rated, the seawall and dock condition on waterfront lots, drainage and elevation, plumbing type (cast iron and polybutylene are common in homes of this era), and any open or expired permits with the city. These items, not cosmetics, drive both price and insurability.
Is there room to negotiate on 11 SW 11th Avenue, Fort Lauderdale, FL 33312?+
This listing has been on the market 458 days. Leverage comes from days on market, price history, comparable closed sales and the seller's motivation — not from a fixed percentage. I pull the full history and the true comps before we write, so the offer is built on what the property is actually worth today. Call or text (954) 562-1798 for that analysis.
Neighborhood & Commute
Fort Lauderdale. Venice of America — 165+ miles of navigable waterways, Las Olas dining, and easy I-95 / Brightline access.
Approximate Drive Times
Drive times are estimates based on straight-line distance at typical South Florida traffic speeds. Actual times vary with traffic and routing.
Assigned schools for this address
North Fork Elementary School
Elementary · 0.4 mi from this home · 101 Nw 15Th Ave, Fort Lauderdale
New River Middle School
Middle school · 2.8 mi from this home · 3100 Riverland Rd, Fort Lauderdale
Zone boundaries published by Broward County Public Schools.
Other options for this address
Mount Bethel Christian Academy
Elementary · Private · Christian · Grades PK–7 · Fort Lauderdale
Somerset Academy Village Charter Middle School
Middle school · Charter · Grades 6–8 · Wilton Manors
ST. Thomas Aquinas High School
High school · Private · Catholic · Grades 9–12 · Fort Lauderdale
Edith Robinson Christian Academy
High school · Private · Christian · Grades 9–12 · Fort Lauderdale
Permission To Succeed Education Center
Pre-K & Kindergarten · Private · Grades PK–12 · Port ST. Lucie
Permission To Succeed Education Center
Pre-K & Kindergarten · Private · Grades K–12 · Port ST. Lucie
The International Family Academy
Pre-K & Kindergarten · Private · Grades K–12 · Fort Lauderdale
Murl Windsor Academy At Hollywood
Pre-K & Kindergarten · Private · Grades PK–12 · Fort Lauderdale
School assignment is set by the district and can change. Always confirm the zoned school with the district before you buy.
Simon Gedz
Realtor® since 1995
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