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$1,395,000

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

  • 419 days on market
    • Price drop $55,000↓
Experience luxury oceanfront living in this fully furnished, turn-key 2-bed residence at The Ocean Resort Residences - Conrad Fort Lauderdale Beach. This building offers daily housekeeping, twice-weekly laundry, and 24-hour valet, while the residence boasts beautiful porcelain and marble tile floors throughout. Enjoy direct ocean and Intracoastal views from the expansive wraparound terrace of this corner unit, meticulously furnished by ArteFacto with marble bathrooms and a high-end kitchen featuring Sub-Zero and Wolf appliances. Indulge in the ultimate beach lifestyle with world-class amenities including a gym, spa, pool, and oceanfront restaurant. This exclusive property can serve as a primary residence or be rented through the hotel program. No owner-managed short-term rentals permitted.

Details

Property type

Condominium

Est. home value

$1,580,007

Lot size

Unknown

Price per sq ft

$1,310

Year built

2009

Annual property taxes

$26,019

Monthly HOA fee

$2,973

Price History

07/09/2024
Beaches

Beaches #F10401517

Price change
$1,395,000
-3.79%
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%

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

$381,828
Asking price
$1,395,000
Closing costs (~8% of asking)
-$111,600
Est. remaining loan balance
-$901,572
Cash to seller
$381,828

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

$901,572

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: 11/20/2024 at 2:25 AM

Listing updated: 11/15/2024 at 2:00 PM

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

MLS: Beaches #F10401517

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