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+14 photosLuxury home — 1383 NE 34th Court · Oakland Park · Oakland Park
$2,100,000
1383 NE 34th Court, Oakland Park, FL 33334
Oakland Park, FL, 33334
— bd · — ba · 1,991 sqft
Listed by Burgos International Realty An
1383 NE 34th Court, Oakland Park, FL 33334
Listed by Burgos International Realty An
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Estimated monthly payment
$14,758/mo
Income & expenses
| Building totals | Monthly | Annual |
|---|---|---|
| Gross rental income | $6,000 | $72,000 |
| Operating expenses (est.) | $3,592 | $43,100 |
| Net operating income (est.) | $2,408 | $28,900 |
Expenses include estimated taxes, insurance, HOA and the 10% vacancy, repairs and management allowance. Loan payments are separate.
Yearly rent
$72,000
Property taxes after sale
$25,200
Florida average estimate
Insurance estimate
$10,500
South Florida average insurance estimate
Cap rate — optimistic
1.72%
NOI $36,100/yr
Rent minus taxes, insurance and HOA.
Cap rate — conservative
1.38%
NOI $28,900/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 $14,758/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 homesRARE INCOME-PRODUCING DEVELOPMENT OPPORTUNITY IN DOWNTOWN OAKLAND PARK! Prime 24,803 SF corner property with six approved luxury townhome lots and two existing rental properties generating $6,000 monthly ($72,000 annually). Enjoy immediate rental income while planning future construction at your own pace, subject to city approvals. Located in the thriving Downtown Oakland Park Redevelopment Area, just two miles from the beach and minutes from Wilton Manors. Approved plans feature luxury residences with private elevators, rooftop terraces, three bedrooms plus den, 3.5 bathrooms and garages. An exceptional opportunity to acquire valuable land with existing cash flow in one of South Florida’s emerging redevelopment areas. Plans and surveys available to qualified buyers.
Property Details
Your costs (est.)
≈ $14,758/mo
1383 NE 34th Court, Oakland Park, FL 33334 · Oakland Park
Location
1383 NE 34th Court, Oakland Park, FL 33334
What buyers ask about this home
What are the estimated monthly carrying costs at 1383 NE 34th Court, Oakland Park, FL 33334?+
Property tax (after sale): $3,501/month est.; homeowners insurance: $344/month est.; HOA: $17/month. Fixed ownership costs before a mortgage: $3,861/month est. Principal and interest: $10,896/month; PMI: $0/month. Total for the payment scenario shown: $14,758/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 1383 NE 34th Court, Oakland Park, FL 33334?+
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 1383 NE 34th Court, Oakland Park, FL 33334 need flood insurance, and what drives the premium?+
Most of Oakland Park 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 1383 NE 34th Court, Oakland Park, FL 33334?+
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 1383 NE 34th Court, Oakland Park, FL 33334?+
This listing has been on the market 37 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
Located in Oakland Park, this property offers the South Florida lifestyle — warm-weather living year-round with easy access to the Atlantic coast, A-rated schools, and major business centers.
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
Oakland Park Elementary School
Elementary · 0.4 mi from this home · 936 Ne 33Rd St, Oakland Park
James S. Rickards Middle School
Middle school · 2.2 mi from this home · 6000 Ne 9Th Ave, Oakland Park
Zone boundaries published by Broward County Public Schools.
Other options for this address
Care And Share Uxbridge Christian Academy
Elementary · Private · Christian · Grades PK–5 · Oakland Park
Shepherd Of The Coast Lutheran School
Elementary · Private · Christian · Grades K–8 · Fort Lauderdale
Somerset Academy Village Charter Middle School
Middle school · Charter · Grades 6–8 · Wilton Manors
Lighthouse Christian Academy
Pre-K & Kindergarten · Private · Christian · Grades 4–12 · Oakland Park
Ameribelge Center For Education
Pre-K & Kindergarten · Private · Grades PK–11 · Fort Lauderdale
Millennium Leadership Christian Academy Inc
Pre-K & Kindergarten · Private · Christian · Grades PK–12 · Parkland
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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