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+25 photosLuxury home — 5920 NE 1st Terrace · Patterson Park 2 Add · Fort Lauderdale
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Open property magazine$475,000
5920 NE 1st Terrace, Fort Lauderdale, FL 33334
Fort Lauderdale, FL, 33334
4 bd · 2 ba · 1,560 sqft
Listed by GG International Realty
5920 NE 1st Terrace, Fort Lauderdale, FL 33334
Listed by GG International Realty
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Estimated monthly payment
$3,594/mo
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 $3,594/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 homesFully Remodeled and Turnkey, this Home Could be your Primary Home, House-Hack, or Huge Investment Opportunity! Featuring an Open Floor Plan, Modern Upgrades, Stainless Steel Appliances, and NO HOA! Originally a 4 Bed, 2 Bath Home, it has been Redesigned into a Spacious 3 Bed, 1 Bath Main Residence Plus a Private 1 Bed, 1 Bath Suite with its own Separate Entrance—ideal for Multi-Generational Living, Rental Income, or House Hacking! A Shared Laundry Area adds convenience, while the Huge Fully Fenced Backyard offers plenty of space for Entertaining or Future Enhancements. Modern Updates Throughout, this Versatile Property is perfect for First Time Homeowners or Experienced Investors. This Home Won’t Last!Don’t miss this Rare Opportunity to Own a Turnkey, Income-Producing Property with outstanding Flexibility and Strong Investment Potential
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
Price reduced 5%
The seller has come down from $500,000 to $475,000 — a $25,000 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
Your costs (est.)
≈ $3,594/mo
5920 NE 1st Terrace, Fort Lauderdale, FL 33334 · Fort Lauderdale
Location
5920 NE 1st Terrace, Fort Lauderdale, FL 33334
What buyers ask about this home
What are the estimated monthly carrying costs at 5920 NE 1st Terrace, Fort Lauderdale, FL 33334?+
Property tax (after sale): $792/month est.; homeowners insurance: $337/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $1,129/month est. Principal and interest: $2,465/month; PMI: $0/month. Total for the payment scenario shown: $3,594/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 5920 NE 1st Terrace, Fort Lauderdale, 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 5920 NE 1st Terrace, Fort Lauderdale, FL 33334 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 5920 NE 1st Terrace, Fort Lauderdale, 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 5920 NE 1st Terrace, Fort Lauderdale, FL 33334?+
This listing has been on the market 79 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 Andrews Gardens Elementary School
Elementary · 0.3 mi from this home · 345 Ne 56Th St, Oakland Park
James S. Rickards Middle School
Middle school · 0.7 mi from this home · 6000 Ne 9Th Ave, Oakland Park
Zone boundaries published by Broward County Public Schools.
Other options for this address
Shepherd Of The Coast Lutheran School
Elementary · Private · Christian · Grades K–8 · Fort Lauderdale
New Generation Montessori Children'S Academy
Elementary · Private · Grades PK–PK · Pompano Beach
Somerset Academy Village Charter Middle School
Middle school · Charter · Grades 6–8 · Wilton Manors
Edith Robinson Christian Academy
High school · Private · Christian · Grades 9–12 · Fort Lauderdale
ST. Thomas Aquinas High School
High school · Private · Catholic · Grades 9–12 · Fort Lauderdale
Millennium Leadership Christian Academy Inc
Pre-K & Kindergarten · Private · Christian · Grades PK–12 · Parkland
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
Rhema Word Christian Academy
Pre-K & Kindergarten · Private · Christian · Grades K–12 · Fort Lauderdale
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
A closer look at this home and its lifestyle — dedicated to you and your family.
Open the magazine
Simon Gedz
Realtor® since 1995
Interested in this property?
$475,000 · MLS A12078581
$475,000
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