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$1,450,000

Beds
2
Baths
2.0
sq ft
1,065

551 N Fort Lauderdale Beach Blvd Unit R2017, Fort Lauderdale, FL 33304

551 N Fort Lauderdale Beach Blvd Unit R2017

Fort Lauderdale, FL 33304

  • 282 days on market
    • Price drop $149,000↓
OFFERING A DIRECT OCEAN FRONT CONRAD MANAGED LUXURY 2 BEDROOM, 2 BATH RESIDENCE ADJACENT TO THE FOUR SEASONS WITH WIDE BEACH AND INTRACOASTAL VIEWS ON THE NE CORNER WITH AN EXPANSIVE WRAP AROUND TERRACE, FULLY FURNISHED BY “ARTE FACTO”, COMPLETE WITH MARBLE BATHROOMS, AND KITCHEN WITH SUBZERO AND WOLF APPLIANCES. THIS BEACH GET AWAY HAS ALL THE LUXURY AMENITIES FOR AN EASY VACATION LIFESTYLE INCLUDING: GYM, FULL SERVICE SPA, POOL AND BEACH CHAIR AND TOWEL SERVICE, 24-HOUR VALET SERVICE, 2X DAILY HOUSEKEEPING, 2X WEEKLY LAUNDRY SERVICE, ROOM SERVICE, AND AN OCEAN FRONT RESTAURANT. THIS RESIDENCE UNIT CAN BE USED A PRIMARY RESIDENCE OR RENTED DAILY THROUGH THE HOTEL PROGRAM. NO OWNER MANAGED SHORT TERM RENTALS ALLOWED.

Details

Property type

Condominium

Est. home value

$1,580,007

Lot size

Unknown

Price per sq ft

$1,362

Year built

2009

Annual property taxes

$22,404

Monthly HOA fee

$2,973

Price History

02/16/2024
Beaches

Beaches #F10401517

Price change
$1,450,000
-9.32%
09/28/2023
Beaches

Beaches #F10401517

Listed
$1,599,000
+14.21%
07/30/2021
SEF

SEF #A10813023

Sold
$1,400,000

Schools & Community

Neighborhood: 

Central Beach Alliance

Elementary school: 

Bayview

Middle school: 

Sunrise

High school: 

Fort Lauderdale

Number of units in community: 

290

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

$425,093
Asking price
$1,450,000
Closing costs (~8% of asking)
-$116,000
Est. remaining loan balance
-$908,907
Cash to seller
$425,093

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

Seller’s Loan History

Lender

Athas Capital Group Inc

Loan start date

April 2021

Original loan amount

$975,000

Est. remaining balance

$908,907

Interest rate

3.05%

Loan type

New Conventional, 30 year

Seller

Jonathan B Frutkin and The Jonathan B Frutkin Living Trust

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: 07/05/2024 at 11:20 PM

Listing updated: 06/05/2024 at 10:38 AM

Listed by: Tika Van Den Hurk, Douglas Elliman Phone #: (954) 874-0740

MLS: Beaches #F10401517

Beaches logo

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