Luxury home — 3333 N University Drive · Davie
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3333 N University Drive, Davie, FL 33024
Davie, FL, 33024
Listed by REF Realty Inc
3333 N University Drive, Davie, FL 33024
Listed by REF Realty Inc
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
Principal, interest, taxes and insurance. Property Tax (after sale). Estimated; not a lender quote.
- Principal & interest
- $3,243/mo
- Property tax (after sale) est.
- $795/mo
- Homeowners insurance est.
- $1,186/mo
- HOA
- $0/mo
Estimate only, not guaranteed. Verify before you buy or sell.
Cash to close
3333 N University Drive, Davie, FL 33024
Estimated cash to close est.
$153,613.34
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): $500,000.00
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.
$153,613.34
- Down payment est.
- $125,000.00
- Mortgage note documentary stamps est.
- $1,750.00
- Mortgage intangible tax est.
- $1,000.00
- 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.
- $3,200.00
- 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.
- $1,590.17
- Insurance escrow (2 months) est.
- $2,371.17
- First-year insurance premium est.
- $14,227.00
- 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.
- $1,186 / 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
- Not provided —
- Impact windows / doors
- Not provided —
- Shutters
- Not provided —
- Window features
- Not provided —
- Year built
- 2001
Homeowners insurance: $1,186 / month est.
- Annual premium est.
- $13,922
- Fees & taxes est.
- $305
- Annual total est.
- $14,227
- Likely range est.
- $12,093–$17,072
- Dwelling coverage est.
- $1,740,250
- Other structures est.
- $34,805
- Personal property est.
- $348,050
- Loss of use est.
- $174,025
- Hurricane deductible (2%) est.
- $34,805
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: 6,961 sq ft · built 2001 · one story.
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 · inland rating band · roof 6–15 years old · gable roof · standard finish · 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 homesGorgeous, fully built-out 258-seat restaurant offering approximately 6,961 square feet of versatile hospitality space, featuring two bars, two distinct dining areas, and a separate speakeasy-style lounge.The restaurant features a welcoming front dining room designed for traditional lunch and dinner service, along with a spacious back dining and event room accommodating approximately 150 guests. The back dining room includes a dedicated stage for live music and entertainment and also provides an excellent setting for private dining, corporate functions, networking events, birthdays, anniversaries, wedding celebrations, community gatherings, and other special events.The property also features a distinctive speakeasy-style lounge with its own private bar, intimate seating, custom lighting, and a cozy, upscale atmosphere. Accessible through a concealed bookshelf-style entrance, the lounge can operate during regular restaurant hours as an additional guest experience or be reserved independently for private gatherings and special events.The site includes four guest restrooms, with two conveniently serving the front dining and lounge areas and two located within the rear dining and event space.The approximately 6,961-square-foot facility also offers convenient complimentary parking in both the front and rear of the property.Located directly along University Drive, the restaurant is positioned within an active and continuing-growth corridor surrounded by residential communities, businesses, healthcare, higher education, and expanding retail and dining development.The versatility of the operation provides multiple potential revenue channels, including lunch and dinner service, private dining, catered events, corporate and community functions, live music/entertainment, and private lounge reservations.This is a unique opportunity for a new operator to acquire an established restaurant with an extensive existing build-out while retaining the flexibility to continue the current concept or introduce a new vision.About the BusinessYears in Operation:Approximately 3½ yearsEmployees:Approximately 20 employees, consisting of a combination of full-time and part-time staff.Franchise:No. Independently owned and operated family restaurant.Facilities & AssetsThe restaurant features an extensive commercial food-and-beverage infrastructure designed to accommodate both traditional restaurant operations and private events.The full commercial kitchen includes approximately 20 feet of hood space, two fryers, two grills, a walk-in cooler, and freezer, along with dedicated locked liquor storage and secured dry-storage and inventory areas.The facility is also equipped with a comprehensive security camera system, professional sound system, DJ station, custom lighting, stage, and entertainment infrastructure.One of the property’s most distinctive features is its separate speakeasy-style lounge, accessed through a concealed bookshelf-style entrance. The lounge features its own private bar, intimate seating, atmospheric lighting, and an upscale setting inspired by the character and exclusivity of the Prohibition or sleek modern era.The lounge can complement normal restaurant operations or function independently for private gatherings and special events.Combined, the main restaurant, rear dining and event space, commercial kitchen, two bars, entertainment infrastructure, and private lounge provide a future operator with considerable flexibility to create multiple guest experiences and revenue opportunities within one facility.Market Outlook / CompetitionThe restaurant occupies a highly visible location along the University Drive corridor in an area experiencing continued residential, commercial, healthcare, educational, retail, and dining development.The property is positioned near established and developing residential communities, major employment centers, Nova Southeastern University, Broward College, HCA Florida University Hospital, Memorial Hospital, and a growing collection of surrounding restaurants, retailers, and businesses.This combination creates a diverse built-in audience consisting of local residents, families, professionals, healthcare employees, university personnel and students, nearby businesses, and visitors to the area.The surrounding corridor continues to attract investment and development, strengthening consumer traffic and the area’s long-term potential.The restaurant’s versatility further distinguishes the operation by offering several hospitality experiences under one roof: traditional restaurant dining, private dining, live music/entertainment, corporate and community functions, catered special events, and an intimate speakeasy-style lounge.Opportunities for Continued GrowthThe business provides substantial opportunities for a new owner to build upon the existing operation and infrastructure.Continued residential and commercial development throughout the surrounding University Drive corridor is bringing additional families, professionals, businesses, healthcare employees, university-related traffic, and consumers into the immediate market.The restaurant is well positioned to serve both lunch and dinner crowds, including employees from surrounding businesses and institutions as well as residents from nearby communities.A new operator can further capitalize on the property’s multiple revenue-producing spaces by developing private dining, corporate events, community and networking functions, catered events, wedding and anniversary celebrations, live music/entertainment, and private speakeasy lounge reservations, while continuing to grow traditional restaurant operations.With an established commercial kitchen, two bars, multiple dining and event spaces, entertainment infrastructure, parking, and a distinctive private lounge already in place, the property provides a substantial foundation for continued growth under new ownership.
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
Price reduced 11%
The seller has come down from $700,000 to $625,000 — a $75,000 reduction since it came on the market.
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
3333 N University Drive, Davie, FL 33024 · Davie
Location
3333 N University Drive, Davie, FL 33024
What buyers ask about this home
What are the estimated monthly carrying costs at 3333 N University Drive, Davie, FL 33024?+
Property tax (after sale): $795/month est.; homeowners insurance: $1,186/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $1,981/month est. Principal and interest: $3,243/month; PMI: $0/month. Total for the payment scenario shown: $5,224/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 3333 N University Drive, Davie, FL 33024?+
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 3333 N University Drive, Davie, FL 33024 need flood insurance, and what drives the premium?+
Most of Davie 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 3333 N University Drive, Davie, FL 33024?+
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, and any open or expired permits with the city. These items, not cosmetics, drive both price and insurability.
Is there room to negotiate on 3333 N University Drive, Davie, FL 33024?+
This listing has been on the market 73 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 Davie, 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.
David Posnack Jewish Day School
Pre-K & Kindergarten · Private · Jewish · Grades PK–12 · Davie
School assignment is set by the district and can change. Always confirm the zoned school with the district before you buy.
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