Ocean & River Views — 1180 N Federal Highway PH-1602 · Riva Condominium · Fort Lauderdale
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Open property magazine$4,897,000
1180 N Federal Highway PH-1602, Fort Lauderdale, FL 33304
Fort Lauderdale, FL, 33304
Listed by Okkla Realty
1180 N Federal Highway PH-1602, Fort Lauderdale, FL 33304
Listed by Okkla Realty
Add this home to your tour day
Pick up to 6 homes. Simon confirms times with each listing agent, then sends you the final schedule.
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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
20% down · 6.75% interest · 30-year loan · Jumbo loan
Jumbo loan: put down about $4,064,250 or more to stay conforming. What's different?
- A bigger down payment, often 10–20% or more
- A higher credit score, often 700+
- More cash reserves, often 6–12 months of payments
- Full income documentation, sometimes a second appraisal on large loans
Other options: Conforming first mortgage plus a home equity loan for the rest ("piggyback"); Portfolio or private bank loans; Cash. Each lender sets its own rules.
Principal, interest, taxes and insurance, HOA. Property Tax (after sale). Estimated; not a lender quote.
- Principal & interest
- $25,409/mo
- Property tax (after sale) est.
- $7,094/mo
- Homeowners insurance est.
- $1,238/mo
- HOA
- $4,350/mo
Estimate only, not guaranteed. Verify before you buy or sell.
Cash to close
1180 N Federal Highway PH-1602, Fort Lauderdale, FL 33304
Estimated cash to close est.
$1,051,762.96
Down payment plus Florida taxes, title, lender and prepaid costs.
Partial estimate: unknown amounts are excluded. Ask Simon to verify them.
Estimate only. Your lender's Loan Estimate and the title company's closing disclosure are the final numbers. Not financial advice.
Estimate only, not guaranteed. Verify before you buy or sell.
Loan amount (calculated): $3,917,600.00Jumbo loan
Above the 2026 $832,750.00 limit, so the daily jumbo rate is used. Put down about $4,064,250.00 or more to stay conforming.
Current site planning rate. Rate does not change the taxes or fees below. Prepaid interest is not included.
Edit closing costs & prepaids
Assumes both policies cover identical land and dates, with loan coverage within owner coverage—even if the seller pays owner title. Minimum lender premium $25. Turn off if not eligible. Endorsement allowance defaults to one $25 endorsement; actual requirements and premiums vary (Florida 69O-186.005).
Appraisal starts at $650. Waterfront and luxury homes may require a higher fee; confirm with your lender.
Tax uses existing ZIP estimates (after sale); insurance uses existing site estimates. Edit with your quote. If HOA insurance is included, confirm separate unit-owner coverage. Missing HOA costs are excluded—not assumed zero.
Estimated cash to close est.
$1,051,762.96
- Down payment est.
- $979,400.00
- Mortgage note documentary stamps est.
- $13,711.60
- Mortgage intangible tax est.
- $7,835.20
- Lender’s title insurance est.
- $25.00
- Lender title endorsements est.
- $25.00
- Lender fees est.
- $1,500.00
- Appraisal est.
- $650.00
- Owner’s title insurance est.
- $14,818.00
- Title search & examination est.
- $125.00
- Municipal lien search est.
- $150.00
- Settlement / closing fee est.
- $450.00
- County recording (deed) est.
- $30.00
- County recording (mortgage) est.
- $120.00
- Inspection, wind mitigation & 4-point est.
- $900.00
- Survey est.
- $500.00
- Property tax escrow (2 months, after sale) est.
- $14,188.83
- Insurance escrow (2 months) est.
- $2,476.33
- First-year insurance premium est.
- $14,858.00
- HOA / condo contribution or transfer est.
- Not provided
Partial estimate: unknown amounts are excluded. Ask Simon to verify them.
Mortgage stamps: $0.35 per $100 or fraction. Intangible tax: 0.2% of loan. Title uses Florida 69O-186.003 base rates. Assumes 2 months of tax/insurance escrow for financed purchases plus first-year insurance; cash purchases have no lender escrow.
Before deposits and credits. Prepaid interest and other contract costs are not included. Discounts and title endorsements must be confirmed by the title company. Title search, municipal lien search, settlement and recording are pass-through title company charges for cash and financed buyers alike; the municipal lien search is priced by each city and can run higher (e.g. Boca Raton $150, Coral Gables $220).
Estimate only. Your lender's Loan Estimate and the title company's closing disclosure are the final numbers. Not financial advice.
Estimate only, not guaranteed. Verify before you buy or sell.
Insurance & flood
- Flood zone (FEMA)
- Not available —
- Homeowners insurance est.
- $1,238 / month
Source: FEMA National Flood Hazard Layer · Date checked: Not provided
Insurance estimates vary widely. Get a real quote before you make an offer.
Estimate only, not guaranteed. Verify before you buy or sell.
Flood zone: Not available —
Source: FEMA National Flood Hazard Layer · Date checked: Not provided
- Roof type
- Not provided —
- Roof year
- 2018 (assumed from year built)
- Impact windows / doors
- Impact Glass (Partial)
- Shutters
- Not provided —
- Window features
- Blinds
- Year built
- 2018
Homeowners insurance: $1,238 / month est.
- Annual premium est.
- $14,553
- Fees & taxes est.
- $305
- Annual total est.
- $14,858
- Likely range est.
- $12,629–$17,829
- Dwelling coverage est.
- $1,488,769
- Other structures est.
- $29,775
- Personal property est.
- $297,754
- Loss of use est.
- $148,877
- Hurricane deductible (2%) est.
- $29,775
The estimated rebuild cost is above the Citizens Property Insurance coverage cap for this county, so this home would need a private carrier.
Based on the listing: 4,179 sq ft · built 2018 · 16 stories · roof from 2018 · luxury finish level.
Dwelling coverage uses living area × county rebuilding cost. Selling price and land value are not included. The monthly estimate includes fees and applicable taxes.
Broward inland rates were calibrated against two supplied policies; other county and coastal rates have not yet been calibrated against real quotes.
Assumed where the listing is silent: concrete-block construction · coastal rating band · gable roof · 2% hurricane deductible · admitted carrier; no surplus-lines tax. A newer roof, a hip roof shape, or a higher deductible can lower the premium; frame construction can raise it.
Educational estimate only, not an insurance quote. Actual premiums depend on the carrier, inspections, discounts, and underwriting. Flood insurance not included. Simon Gedz is a Realtor, not a licensed insurance agent.
The FEMA map is a strong indication, not the final answer: your lender orders its own flood zone determination. Cash buyers are not required to carry flood insurance, but on the water it is strongly recommended.
Florida rule: by 2027, Citizens policyholders must carry flood insurance even outside a flood zone, unless the Citizens policy excludes wind coverage. The FEMA map does not show this.
How flood insurance is priced (FEMA Risk Rating 2.0)
Flood insurance is priced home by home, so two neighbors on the same canal can pay very different amounts. Premiums depend on the home's elevation (first-floor height above the expected flood level), distance to water (ocean, Intracoastal, canal or river), the type of flood risk (storm surge, heavy rain or river overflow), the cost to rebuild, the foundation and construction type, and past flood claims on the property.
Federal flood insurance (NFIP) pays at most $250,000 for the building and $100,000 for contents. A luxury waterfront home needs private flood insurance or an "excess flood" policy on top.
Before an offer: pull the official FEMA flood map (FIRMette), ask the seller for an elevation certificate (it largely decides the price), ask whether the seller's existing NFIP policy can be transferred to you (sometimes at a lower rate), and have an insurance agent check prior flood claims (CLUE report). New NFIP policies usually have a 30-day wait before they take effect — don't leave it until the week of closing.
Insurance estimates vary widely. Get a real quote before you make an offer.
Estimate only, not guaranteed. Verify before you buy or sell.
About This Property
Find similar homesPRICE IMPROVED!! Spectacular Contemporary Penthouse – The Best Value in Fort Lauderdale Luxury Living!Experience the ultimate South Florida lifestyle in this 2-story modern penthouse offering 6,679 sq.ft. total area, including 4,179 sq.ft. of refined interiors and a 2,500 sq.ft. private terrace with panoramic ocean, Intracoastal, and skyline views. Features include private elevator foyer, Sub-Zero & Wolf chef’s kitchen, dual walk-in closets, spa bath, 10’ ceilings, private 2-car garage, and boat slip. Access 40,000+ sq.ft. of resort-style amenities including pool, spa, gym, lounge, and guest suites.A rare opportunity for those who demand the finest in Fort Lauderdale luxury—schedule your private tour today. Experience the pinnacle of South Florida luxury living in this spectacular two-story contemporary penthouse, masterfully designed to capture breathtaking panoramic views of the Atlantic Ocean, Intracoastal Waterway, and glittering Fort Lauderdale skyline.Positioned within one of the city’s most sought-after waterfront communities, this residence offers an extraordinary 6,679 square feet of total space, including 4,179 square feet of meticulously crafted interior living area complemented by a 2,500-square-foot private terrace designed for the most discerning lover of indoor-outdoor living.Architectural Elegance & DesignEnter through a private elevator foyer into a space defined by architectural sophistication, clean lines, and natural light. Expansive floor-to-ceiling glass walls immerse the interiors in sunlight by day and the shimmering city lights by night. The open-concept design seamlessly connects living, dining, and kitchen spaces to the terrace, allowing every room to celebrate the surrounding water views and skyline.Gourmet KitchenThe chef’s kitchen is a masterpiece of form and function, featuring Sub-Zero refrigeration, Wolf gas cooktop, dual ovens, wet bar, and three temperature-controlled wine coolers. Whether hosting a grand evening soirée or enjoying a quiet breakfast at sunrise, every culinary experience here is elevated by precision craftsmanship and thoughtful layout.Luxury Primary SuiteThe primary suite embodies tranquility and modern refinement, with two custom walk-in closets, an elegant glass-enclosed shower, and a Jacuzzi soaking tub that transforms daily rituals into a spa-like retreat. The suite’s orientation ensures maximum privacy while offering direct views of the water and city beyond.Smart Technology & FinishesThroughout the residence, Lutron smart lighting, electric shades, and 10-foot ceilings contribute to a sense of elevated comfort and seamless control. Every finish, from the flooring to the fixtures, was selected to deliver a contemporary yet timeless aesthetic that complements the open architectural flow.Private Amenities & LifestyleThis penthouse is as functional as it is stunning. The private two-car garage provides secure, convenient access rarely found in condominium living, while the deeded boat slip offers direct access to Fort Lauderdale’s waterways, perfectly blending a yacht lifestyle with the privacy of a single-family home.Resort-Style AmenitiesResidents enjoy access to over 40,000 square feet of resort-level amenities, meticulously designed to offer an exclusive yet welcoming environment:Heated lap pool and sunset hot tub deckExpansive 7,000 sq.ft. state-of-the-art gym and fitness studioFull-service spa with sauna, steam, and private treatment roomsResident lounge with full Cucina kitchen and entertaining spaceThree luxurious guest suites for visitors24-hour front desk and valet service for convenience and securityTwo dog walks and beautifully landscaped outdoor relaxation areasEvery element of this community was designed to cater to a refined lifestyle where wellness, leisure, and luxury coexist effortlessly.Location & LifestyleIdeally situated in Fort Lauderdale’s Cove at Nona Sound, this property offers immediate access to beaches, world-class dining, marinas, shopping, and cultural experiences. The neighborhood combines tranquility with proximity to the city’s finest attractions, allowing residents to enjoy the best of both worlds—serenity at home and excitement moments away.From sunrise yoga on your private terrace to sunset cruises departing from your own slip, this residence allows you to live the quintessential South Florida dream without compromise.HighlightsBest cost-benefit luxury penthouse in Fort LauderdaleExpansive 2,500 sq.ft. private terrace with panoramic viewsPrivate 2-car garage and deeded boat slip includedDirect elevator access to private foyerSub-Zero and Wolf appliances, three wine coolers, and wet barDual walk-in closets and spa-inspired primary bathElectric shades and Lutron smart lighting40,000+ sq.ft. of five-star resort amenitiesCentral location near beaches, dining, and luxury retailThe Essence of Modern South Florida LivingThis penthouse is more than a home—it is a statement of architecture, design, and lifestyle. Every detail has been curated for those who appreciate beauty, comfort, and exclusivity. The flow between indoor and outdoor spaces is seamless, creating an environment ideal for both intimate moments and grand entertaining.Whether gazing across the Atlantic at sunrise, watching the yachts glide along the Intracoastal, or hosting friends beneath the city lights, every day here becomes a celebration of Fort Lauderdale’s most captivating elements.A rare opportunity for those who demand the finest in Fort Lauderdale luxury.This is a residence that defines modern coastal living—sophisticated, expansive, and simply extraordinary.
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 $5,290,000 to $4,897,000 — a $393,000 reduction since it came on the market.
354 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.
Building health
- Building
- RIVA CONDOMINIUM· MLS
- Year built
- 2018· MLS
- Stories
- 16· MLS
- Units
- Not provided —
- Milestone inspection
- Not provided —
- Milestone date
- Not provided —
- SIRS
- Not provided —
- SIRS date
- Not provided —
- Special assessments
- Not provided —
- Assessment amount
- Not provided —
- Assessment purpose
- Not provided —
- Assessment due date
- Not provided —
- Reserves
- Not provided —
- Minimum lease term
- Not provided —
- Rentals per year
- Not provided —
- Pet rules
- Yes, Pet Restrictions Possible· MLS
- Age restriction (55+)
- Not provided —
- HOA fee
- $4,350 / month · billed Monthly· MLS
Last updated Not provided, source: MLS remarks —
Always review the association's milestone inspection report, SIRS, budget and the last 24 months of board minutes before you buy.
Property Details

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1180 N Federal Highway PH-1602, Fort Lauderdale, FL 33304 · Fort Lauderdale
Location
1180 N Federal Highway PH-1602, Fort Lauderdale, FL 33304
Dock & Draft Match™
Dock / slip — ask about dock
Boat fit not verified. Confirm dock length, depth, bridges and ocean access before buying.
One home, every check
Dock & Draft Match™ brings dock length, low-water depth, every fixed bridge, the ocean run, frontage and yacht size together around one home before you ever book a showing.
What buyers ask about this home
What are the estimated monthly carrying costs at 1180 N Federal Highway PH-1602, Fort Lauderdale, FL 33304?+
Property tax (after sale): $7,094/month est.; homeowners insurance: $1,238/month est.; HOA: $4,350/month. Fixed ownership costs before a mortgage: $12,683/month est. Principal and interest: $25,409/month; PMI: $0/month. Total for the payment scenario shown: $38,092/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 1180 N Federal Highway PH-1602, Fort Lauderdale, FL 33304?+
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 1180 N Federal Highway PH-1602, Fort Lauderdale, FL 33304 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 I check about the association before buying 1180 N Federal Highway PH-1602, Fort Lauderdale, FL 33304?+
For a Florida condo, review the milestone structural inspection and the Structural Integrity Reserve Study, current reserve balances, any pending or recently voted special assessment, the association's insurance and its litigation history. Ask how many units are owner-occupied and whether the lender will approve the building — a poorly funded association is the single biggest hidden cost in a condo purchase.
Can 1180 N Federal Highway PH-1602, Fort Lauderdale, FL 33304 be rented out?+
Rental rules are set by the association's documents, not the MLS. Many Fort Lauderdale luxury buildings limit leases to once or twice a year with a minimum term and require board approval and an application fee. Request the declaration and rules before your inspection period ends if rental income matters to your plan.
Is there room to negotiate on 1180 N Federal Highway PH-1602, Fort Lauderdale, FL 33304?+
This listing has been on the market 354 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.
School assignment is set by the district and can change. Always confirm the zoned school with the district before you buy.
The home, in a magazine
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