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+9 photosLuxury home — 5 NE 16th Court · Placido Place · Fort Lauderdale
$1,020,000
5 NE 16th Court, Fort Lauderdale, FL 33305
Fort Lauderdale, FL, 33305
— bd · — ba · 2,829 sqft
Listed by Home Wiz USA
5 NE 16th Court, Fort Lauderdale, FL 33305
Listed by Home Wiz USA
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Estimated monthly payment
$7,418/mo
Income & expenses
Income and operating expenses: Not provided — Ask Simon for the seller's rent roll and operating statement. No return calculation available.
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 $7,418/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 homesBEST INVESTMENT PORTFOLIO IN FORT LAUDERDALE!! CONSISTS OF TWO 5 bed 2 bath UNITS.CURRENTLY RENTED AT TOP PRICE!! JUST BUY AND START RECEIVING YOUR MONTHLY CASHFLOW!! SHOWINGS WILL ONLY BE DONE ONCE UNDER CONTRACT.OWNER COULD FINANCE WITH 50% DOWN
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
267 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.)
≈ $7,418/mo
5 NE 16th Court, Fort Lauderdale, FL 33305 · Fort Lauderdale
Location
5 NE 16th Court, Fort Lauderdale, FL 33305
What buyers ask about this home
What are the estimated monthly carrying costs at 5 NE 16th Court, Fort Lauderdale, FL 33305?+
Property tax (after sale): $1,562/month est.; homeowners insurance: $563/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $2,125/month est. Principal and interest: $5,293/month; PMI: $0/month. Total for the payment scenario shown: $7,418/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 5 NE 16th Court, Fort Lauderdale, FL 33305?+
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 5 NE 16th Court, Fort Lauderdale, FL 33305 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 5 NE 16th Court, Fort Lauderdale, FL 33305?+
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 5 NE 16th Court, Fort Lauderdale, FL 33305?+
This listing has been on the market 267 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
Thurgood Marshall Elementary School
Elementary · 0.7 mi from this home · 800 Nw 13Th St, Fort Lauderdale
Sunrise Middle School
Middle school · 1.4 mi from this home · 1750 Ne 14Th St, 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
Care And Share Uxbridge Christian Academy
Elementary · Private · Christian · Grades PK–5 · Oakland Park
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
Ameribelge Center For Education
Pre-K & Kindergarten · Private · Grades PK–11 · Fort Lauderdale
The International Family Academy
Pre-K & Kindergarten · Private · Grades K–12 · Fort Lauderdale
Lighthouse Christian Academy
Pre-K & Kindergarten · Private · Christian · Grades 4–12 · Oakland Park
Permission To Succeed Education Center
Pre-K & Kindergarten · Private · Grades PK–12 · Port ST. Lucie
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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