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+50 photosLuxury home — 7761 NW 42nd Place · Coral Springs Sub · Coral Springs
$799,999
7761 NW 42nd Place, Coral Springs, FL 33065
Coral Springs, FL, 33065
— bd · 0 ba · 2,638 sqft
Listed by True Oak Realty
7761 NW 42nd Place, Coral Springs, FL 33065
Listed by True Oak Realty
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Estimated monthly payment
$6,007/mo
Income & expenses
2 units| Building totals | Monthly | Annual |
|---|---|---|
| Gross rental income | $1,500 | $18,000 |
| Operating expenses (est.) | $1,283 | $15,400 |
| Net operating income (est.) | $217 | $2,600 |
Expenses include estimated taxes, insurance, HOA and the 10% vacancy, repairs and management allowance. Loan payments are separate.
Yearly rent
$18,000
Property taxes after sale
$9,600
Florida average estimate
Insurance estimate
$4,000
South Florida average insurance estimate
Cap rate — optimistic
0.55%
NOI $4,400/yr
Rent minus taxes, insurance and HOA.
Cap rate — conservative
0.33%
NOI $2,600/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 $6,007/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: X · verify insurance quotes before buying.
About this home
Find similar homesRARE CORAL SPRINGS INCOME-PRODUCING DUPLEX WITH PRIVATE POOL AND UNIQUE HOUSE-HACKING LAYOUT!This exceptional property features TWO spacious 3-bedroom, 2-bathroom residences on an approximately 8,622 SF lot, offering an outstanding opportunity for investors or owner-occupants. The property boasts concrete-block construction, a barrel tile roof (fully repaired in June 2024 with a clean 4-point inspection), copper wiring, tile flooring, central A/C, in-unit laundry, and an expansive driveway with 8 dedicated parking spaces (4 per unit).The private backyard features a recently resurfaced and renovated swimming pool.A Unique Layout Advantage: Unlike most duplexes, this property features permitted dual private entrances for each unit (4 exterior doors total). This creates incredible flexibility for house-hackers. An owner can easily lock off the master suite in one unit to rent it out as a separate studio-like rental with private entrance and private W/D, while living in the remaining 2/1 space—creating a another stream of income! The tenant in this rental can also have access to the laundry room in the back by the pool. Sellers successfully utilized this exact strategy to generate an additional $1,500/month in the past and are happy to consult with serious buyers on how to maximize this unique layout.Unit 2 is currently generating $3,300/month, while the vacant Unit 1 offers the immediate opportunity to capture current market rent. NO HOA.
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 $899,999 to $799,999 — a $100,000 reduction since it came on the market.
104 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.)
≈ $6,007/mo
7761 NW 42nd Place, Coral Springs, FL 33065 · Coral Springs
Location
7761 NW 42nd Place, Coral Springs, FL 33065
What buyers ask about this home
What are the estimated monthly carrying costs at 7761 NW 42nd Place, Coral Springs, FL 33065?+
Property tax (after sale): $1,303/month est.; homeowners insurance: $553/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $1,856/month est. Principal and interest: $4,151/month; PMI: $0/month. Total for the payment scenario shown: $6,007/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 7761 NW 42nd Place, Coral Springs, FL 33065?+
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 7761 NW 42nd Place, Coral Springs, FL 33065 need flood insurance, and what drives the premium?+
Most of Coral Springs 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 7761 NW 42nd Place, Coral Springs, FL 33065?+
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.
What extra costs come with the pool at 7761 NW 42nd Place, Coral Springs, FL 33065?+
A pool typically adds ongoing service, chemicals and electricity, plus periodic resurfacing and equipment replacement. Verify the safety barrier meets Florida code, which is required for insurance and resale.
Is there room to negotiate on 7761 NW 42nd Place, Coral Springs, FL 33065?+
This listing has been on the market 104 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 Coral Springs, 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
James S. Hunt Elementary School
Elementary · 0.6 mi from this home · 7800 Nw 35Th Ct, Coral Springs
Forest Glen Middle School
Middle school · 1.0 mi from this home · 6501 Turtle Run Blvd, Coral Springs
Coral Springs High School
High school · 0.8 mi from this home · 7201 W Sample Rd, Coral Springs
Zone boundaries published by Broward County Public Schools.
Other options for this address
Renaissance Charter School At Coral Springs
Elementary · Charter · Grades PK–8 · Coral Springs
Mary Help Of Christians Catholic School
Elementary · Private · Catholic · Grades PK–8 · Parkland
Somerset Academy Riverside Charter Middle School
Middle school · Charter · Grades 6–8 · Coral Springs
Zimmerman School House Dba Lion Star Academy
Pre-K & Kindergarten · Private · Grades 3–12 · Coral Springs
Abundant Life Christian Academy
Pre-K & Kindergarten · Private · Christian · Grades PK–12 · Margate
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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