tomo logo

$1,350,000

Beds
3
Baths
2.0
sq ft
1,781

1508 SW 5th Ct, Fort Lauderdale, FL 33312

1508 SW 5th Ct

Fort Lauderdale, FL 33312

  • 8 days on market
This tri-level waterfront home is a great opportunity for both investors and future homeowners. With 95 feet of deep water frontage and no fixed bridges, it’s ideal for boaters and anglers. Inside, vaulted ceilings and natural light create an open, inviting feel. The home offers 3 bedrooms, 2 bathrooms, and a spacious kitchen with direct access to the heated pool and backyard. Set in a quiet neighborhood, this property offers both privacy and convenience. It currently operates as a successful short-term rental, making it a strong income-producing investment. Just minutes from the beach, Las Olas Boulevard, and 10 minutes from Fort Lauderdale Airport—this location has it all. Schedule your private showing today!

Details

Property type

Single Family Residence

Est. home value

$1,444,999

Lot size

8,714 sq ft

Price per sq ft

$759

Year built

1959

Annual property taxes

$28,654

Price History

03/21/2025
Beaches

Beaches #F10493738

Listed
$1,350,000
-10%
08/21/2024
Beaches

Beaches #F10439219

Removed
$1,500,000
07/18/2024
Beaches

Beaches #F10439219

Price change
$1,500,000
-5.96%

Schools & Community

Neighborhood: 

Riverside Park

Elementary school: 

North Fork

Middle school: 

New River

High school: 

Stranahan

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$74,907
Asking price
$1,350,000
Closing costs (~8% of asking)
-$108,000
Est. remaining loan balance
-$1,167,093
Cash to seller
$74,907

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Jpmorgan Chase Bank Na

Loan start date

April 2022

Original loan amount

$1,232,500

Est. remaining balance

$1,167,093

Interest rate

3.85%

Loan type

New Conventional, 30 year

Seller

Kyle Jeffery Drewry and Taylor Thetford

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/28/2025 at 8:35 PM

Listing updated: 03/28/2025 at 4:36 AM

Listed by: Sandy Fitzgerald, Galt Ocean Realty Inc Phone #: (954) 615-4000

MLS: Beaches #F10493738

Beaches logo

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