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+16 photosLuxury home — 8704 NW 38th Drive · Coral Springs Village Gre · Coral Springs
$1,750,000
8704 NW 38th Drive, Coral Springs, FL 33065
Coral Springs, FL, 33065
— bd · — ba · 4,041 sqft
Listed by Compra Venta Miami
8704 NW 38th Drive, Coral Springs, FL 33065
Listed by Compra Venta Miami
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Estimated monthly payment
$12,765/mo
Income & expenses
1 unitIncome 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 $12,765/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 homesFully occupied five-plex at 8704 NW 38th Drive—five 2/1 units, all rented, low maintenance, immediate cash flow. This is plug-and-play multifamily investing at its best: established tenants, minimal upkeep, and a prime Coral Springs location that keeps demand strong and vacancies low. No lease-up period, no capital repairs, no drama—just steady income from day one. Perfect for portfolio builders, passive investors, or 1031 exchange buyers seeking stable returns in a proven market. Fully stabilized, turnkey, and priced to move. Quality five-plexes like this don't last—act now.
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
273 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.)
≈ $12,765/mo
8704 NW 38th Drive, Coral Springs, FL 33065 · Coral Springs
Location
8704 NW 38th Drive, Coral Springs, FL 33065
What buyers ask about this home
What are the estimated monthly carrying costs at 8704 NW 38th Drive, Coral Springs, FL 33065?+
Property tax (after sale): $2,851/month est.; homeowners insurance: $834/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $3,685/month est. Principal and interest: $9,080/month; PMI: $0/month. Total for the payment scenario shown: $12,765/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 8704 NW 38th Drive, 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 8704 NW 38th Drive, 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 8704 NW 38th Drive, 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.
Is there room to negotiate on 8704 NW 38th Drive, Coral Springs, FL 33065?+
This listing has been on the market 273 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 · 0.8 mi from this home · 7800 Nw 35Th Ct, Coral Springs
Forest Glen Middle School
Middle school · 1.9 mi from this home · 6501 Turtle Run Blvd, Coral Springs
Coral Springs High School
High school · 1.4 mi from this home · 7201 W Sample Rd, Coral Springs
Zone boundaries published by Broward County Public Schools.
Other options for this address
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
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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