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$515,000

Beds
2
Baths
2.0
sq ft
1,379

511 SE 5th Ave Unit 614, Fort Lauderdale, FL 33301

511 SE 5th Ave Unit 614

Fort Lauderdale, FL 33301

  • 71 days on market
    • Price drop $25,000↓
Welcome to the BEST PRICED, LARGEST 2-BEDROOM CORNER UNIT on the Market in the building! This 1,379 sqft gem features soaring 11-ft ceilings, a desired prime corner layout located on the amenity floor for ultimate convenience. Just steps from the steam/sauna locker rooms, business center, and BBQ grills. This unit offers urban living at its finest. Located on the scenic New River in downtown, just across from Famous Las Olas Blvd, enjoy 5-star amenities like a rooftop pool with breathtaking views of the Ocean, River & City, Basketball and Racquetball Courts, and a 2-story fitness center. With a 24-hour concierge, valet, Luxury Spa, and on-site Restaurant, this is a Rare Chance for Downtown Luxury Living!

Details

Property type

Condominium

Est. home value

$549,788

Lot size

Unknown

Price per sq ft

$374

Year built

2006

Annual property taxes

$5,815

Monthly HOA fee

$1,148

Price History

02/11/2025
SEF

SEF #A11708932

Price change
$515,000
-6.19%
12/13/2024
SEF

SEF #A11595114

Removed
$549,000
+1.67%
12/13/2024
SEF

SEF #A11708932

Listed
$540,000
-1.64%

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$209,178
Asking price
$515,000
Closing costs (~8% of asking)
-$41,200
Est. remaining loan balance
-$264,622
Cash to seller
$209,178

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

Seller’s Loan History

Lender

Fembi Mortgage

Loan start date

October 2020

Original loan amount

$292,500

Est. remaining balance

$264,622

Interest rate

2.99%

Loan type

New Conventional, 30 year

Seller

Nora Marta Farr

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: 02/22/2025 at 6:00 PM

Listing updated: 02/11/2025 at 12:26 PM

Listed by: Robin Smith, Douglas Elliman Phone #: (954) 874-0740

MLS: SEF #A11708932

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