MOTIVATED SELLERS! Big price drop! PRIME DEVELOPMENT OPPORTUNITY MINUTES FROM DOWNTOWN, PROGRESSO VILLAGE AND THE BEACH! This 10,142 sq.ft lot, is a rare find in one of the most dynamic and rapidly transforming areas in the city. While the property includes

1201 NORTH EAST 1ST AVE, Fort Lauderdale

$539,000 USD 2 1
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Address1201 NORTH EAST 1ST AVE, Fort Lauderdale
Building NamePROGRESSO
Type of PropertySingle Family Residence
Property StyleR30-No Pool / No Water
Price$539,000
Previous Price$595,000 (6 days ago)
Property StatusActive
MLS NumberA11802955
Bedrooms Number2
Full Bathrooms Number1
Living Area728
Lot Size10142
Year Built1946
Folio Number494234033290
Zoning InformationRD-15
Days on Market20

Detailed Description: MOTIVATED SELLERS! Big price drop! PRIME DEVELOPMENT OPPORTUNITY MINUTES FROM DOWNTOWN, PROGRESSO VILLAGE AND THE BEACH! This 10,142 sq.ft lot, is a rare find in one of the most dynamic and rapidly transforming areas in the city. While the property includes an original 1946 bungalow, the true value lies in the land—ideal for a DEVELOPER or INVESTOR. The generous lot size ALLOWS FOR THE CONSTRUCTION OF UP TO 3 TOWNHOMES (cluster), making this a high-potential project. Exciting new developments nearby, including the huge development around the old Sears Town, signal major growth and increased value in the neighborhood. A survey is attached, and there is potential to add a portion of NE 12th Street to the property, increasing its appeal and usability.

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Address Information
StateFlorida
CityFort Lauderdale
CountyBroward County
Zip Code33304
Address1201 NORTH EAST 1ST AVE
Section34
Zip Code (4 Digits)1906
Financial Information
Price$539,000
Price per Foot$0
Previous Price$595,000
Folio Number494234033290
Tax Amount$1,689
Tax Year2024
Full Descriptions
Detailed DescriptionMOTIVATED SELLERS! Big price drop! PRIME DEVELOPMENT OPPORTUNITY MINUTES FROM DOWNTOWN, PROGRESSO VILLAGE AND THE BEACH! This 10,142 sq.ft lot, is a rare find in one of the most dynamic and rapidly transforming areas in the city. While the property includes an original 1946 bungalow, the true value lies in the land—ideal for a DEVELOPER or INVESTOR. The generous lot size ALLOWS FOR THE CONSTRUCTION OF UP TO 3 TOWNHOMES (cluster), making this a high-potential project. Exciting new developments nearby, including the huge development around the old Sears Town, signal major growth and increased value in the neighborhood. A survey is attached, and there is potential to add a portion of NE 12th Street to the property, increasing its appeal and usability.
Property ViewGarden
Design DescriptionDetached, One Story
Roof DescriptionOther
Floor DescriptionOther, Wood
Interior FeaturesOther
Exterior FeaturesFruit Trees, Room For Pool
Equipment AppliancesOther Equipment / Appliances
Cooling DescriptionOther
Heating DescriptionOther
Water DescriptionMunicipal Water
Sewer DescriptionPublic Sewer
Parking DescriptionOther
Property parameters
Bedrooms Number2
Full Baths Number1
Living Area728
Lot Size10142
Zoning InformationRD-15
Year Built1946
Type of PropertySingle Family Residence
StyleR30-No Pool / No Water
Building NamePROGRESSO
Development NamePROGRESSO
Construction TypeFrame
Street DirectionNorth East
Listed withColdwell Banker Realty