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+70 photosWaterfront home — 621 SW 5 Place · Residences At New River · Fort Lauderdale
South Florida Luxury Living
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A magazine dedicated to 621 SW 5 Place, Fort Lauderdale, FL 33315
A photo-rich, always-current edition with the home’s details, neighborhood lifestyle, assigned and nearby schools, ownership planning, and applicable waterfront guidance.
Open property magazine$4,295,000
621 SW 5 Place, Fort Lauderdale, FL 33315
Fort Lauderdale, FL, 33315
Listed by Charles Rutenberg Realty FTL
621 SW 5 Place, Fort Lauderdale, FL 33315Waterfront home with 72 ft dockBoat length ~52 ft · preliminary
Listed by Charles Rutenberg Realty FTL
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
- $22,286/mo
- Property tax (after sale) est.
- $6,725/mo
- Homeowners insurance est.
- $757/mo
- HOA
- $0/mo
Estimate only, not guaranteed. Verify before you buy or sell.
Cash to close
621 SW 5 Place, Fort Lauderdale, FL 33315
Estimated cash to close est.
$919,730.67
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): $3,436,000.00
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.
$919,730.67
- Down payment est.
- $859,000.00
- Mortgage note documentary stamps est.
- $12,026.00
- Mortgage intangible tax est.
- $6,872.00
- 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.
- $13,313.00
- 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.
- $13,450.17
- Insurance escrow (2 months) est.
- $1,513.50
- First-year insurance premium est.
- $9,081.00
- 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)
- Zone AE Coastal FloodplainFlood insurance required
- Homeowners insurance est.
- $757 / month
Flood insurance is required with a federally backed mortgage (FHA, VA, USDA, or a conventional loan from a federally regulated lender). The monthly insurance estimate above does not include flood insurance — see "Show details" for the flood rules and the official FEMA map.
Source: FEMA National Flood Hazard Layer · Date checked: Oct 24, 2026
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: AE
High-risk mapped flood area (1% annual chance of flooding).
Source: FEMA National Flood Hazard Layer · Date checked: Oct 24, 2026
- Roof type
- Concrete
- Roof year
- 2025 (assumed from year built)
- Impact windows / doors
- Impact Glass (Complete)
- Shutters
- Not provided —
- Window features
- Casement
- Year built
- 2025
Homeowners insurance: $757 / month est.
- Annual premium est.
- $8,776
- Fees & taxes est.
- $305
- Annual total est.
- $9,081
- Likely range est.
- $7,718–$10,897
- Dwelling coverage est.
- $1,246,875
- Other structures est.
- $24,938
- Personal property est.
- $249,375
- Loss of use est.
- $124,688
- Hurricane deductible (2%) est.
- $24,938
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: 3,500 sq ft · built 2025 · 3 stories · roof from 2025 · impact windows / shutters · 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.
Special Flood Hazard Area. With a federally backed mortgage (FHA, VA, USDA, or a conventional loan from a federally regulated lender), flood insurance is required.
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 homesWelcome to an extraordinary, custom-built Riverfront townhouse in the sought-after Fort Lauderdale community of Tarpon River—a rare three-story architectural masterpiece set along the widest stretch of the iconic New River, complete with a brand-new seawall and an impressive 72' foot floating dock. From the moment you enter, the home makes a striking impression. The dramatic full-height glass staircase, imported European white oak flooring, tropical interior atrium, and custom reclaimed barn wood ceiling beams create a sophisticated blend of contemporary design and timeless character. At the heart of the home, an exceptional Italian chef's kitchen showcases a 48-inch gas range, exquisite three-inch Calacatta marble countertops and matching range hood, and beautifully paneled appliances—a true statement in luxury and craftsmanship. Each bedroom is a private retreat, featuring its own en-suite bathroom and a private balcony finished with rich Ipe wood decking. The spa-inspired primary bathroom elevates everyday living with a serene, resort-caliber atmosphere designed for ultimate relaxation, including a massive shower and soft marble floors! Ten-foot ceilings enhance the sense of space and light throughout, while two built-in BBQ areas, lush professionally designed landscaping, and a PebbleTec pool and spa create the perfect setting for sophisticated entertaining and effortless South Florida living! A private elevator takes you to a 3rd floor oversize rooftop retreat, complete with a summer kitchen and panoramic views of the New River, the Fort Lauderdale skyline, and the surrounding marinas! The perfect place to take in the amazing sunsets and endless boat parade below! With its distinctive architecture, exceptional finishes, and premier waterfront setting, this one-of-a-kind residence offers a lifestyle that is as impressive as the property itself. A true Tarpon River showpiece. A waterfront entertainer's dream. Quite simply, a 10 out of 10!
Property Details
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621 SW 5 Place, Fort Lauderdale, FL 33315 · Fort Lauderdale
Location
621 SW 5 Place, Fort Lauderdale, FL 33315
Dock & Draft Match™
72 ft dock stated in the listing less the local Fort Lauderdale side-line buffers; confirm berth position on site
Boat length ~52 ft · preliminary
What buyers ask about this home
What are the estimated monthly carrying costs at 621 SW 5 Place, Fort Lauderdale, FL 33315?+
Property tax (after sale): $6,725/month est.; homeowners insurance: $757/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $7,482/month est. Principal and interest: $22,286/month; PMI: $0/month. Total for the payment scenario shown: $29,768/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 621 SW 5 Place, Fort Lauderdale, FL 33315?+
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 621 SW 5 Place, Fort Lauderdale, FL 33315 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 621 SW 5 Place, Fort Lauderdale, FL 33315?+
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 621 SW 5 Place, Fort Lauderdale, FL 33315 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 621 SW 5 Place, Fort Lauderdale, FL 33315?+
This listing has been on the market 3 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
Croissant Park Elementary School
Elementary · 1.2 mi from this home · 1800 Sw 4Th Ave, Fort Lauderdale
New River Middle School
Middle school · 2.8 mi from this home · 3100 Riverland Rd, Fort Lauderdale
Zone boundaries published by Broward County Public Schools.
Other options for this address
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
Permission To Succeed Education Center
Pre-K & Kindergarten · Private · Grades PK–12 · Port ST. Lucie
Permission To Succeed Education Center
Pre-K & Kindergarten · Private · Grades K–12 · Port ST. Lucie
Murl Windsor Academy At Hollywood
Pre-K & Kindergarten · Private · Grades PK–12 · Fort Lauderdale
The International Family Academy
Pre-K & Kindergarten · Private · 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.
Simon Gedz
Realtor® since 1995
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