Over 1/2 Acre in Beautiful Pompano Beach, FL

If you look across the Sunbelt, there are green shoots of economic activity and recovery that are substantial. We believe those are long term – Florida developer

From sun and fun on the beach to fine dining and terrific shopping, Pompano Beach has it all. Centrally located between Palm Beach and Miami along Florida’s east coast, Pompano Beach is often referred to as “The Heart of the Gold Coast.”

What we have for you here today are two adjacent lots located between the intercostal waterway and the ocean. A great location where you can just walk to the beach. These two parcels totaling .58 acres were once part of a townhouse development but are now being sold vacant. Each parcel is over 1/4 acre and if interested, please inquire about purchasing a single lot but the price is for both.

SE 8th St.

 

And, as you can see in the photo above, the three adjacent parcels to the west are also vacant bringing the total available land to well over an acre. Plus, the remaining two lots on the east end of 8th street are occupied by single family homes that we understand may also be available creating the potential for a full half block development project. Opportunities like this along the coast in SE Florida are dwindling so don’t miss this one.

 

Florida Zillow Home Value Index

 

As you can see in the chart above, real estate prices in the area began to turn up in early 2012. Land prices will lag but eventually follow building prices. In fact, the assessor has already increased the assessed value from last year by $50,000 for these two parcels and you know that assessed values are always a step or two behind the market.

And, as the economy improves, rates of return are rapidly improving on commercial residential projects across the country. One  example of this is a local development called Barefoot Beach Villas just to the east on the A1A. It is comprised of 34 townhomes on 2 acres and completely sold out last year with barely any marketing. And current resale prices are nearly double original selling prices. Demand is there!

South Florida remains one of the most desirable lifestyle destinations on the planet.

The Pompano Beach Community Redevelopment Agency is currently organizing a project called the Pompano Beach Boulevard Streetscape – The purpose of the project is to revitalize and create an oceanfront pedestrian promenade, both vibrant and uniquely branded for local residents and citizens of Pompano Beach Florida. This project, among others by the Agency, will continue the upgrading of this already desirable area enhancing values even more.

So if you have any questions or want to purchase, please email or call. Seller contact information is at the top of the right hand column and whatever it is . . . . . just ask!

 

Listing Type: Vacant Land, 2 Lots
Price: $1,195,000
Closing costs:
Payment options/terms:
County: Broward
Address: 3209,3213 SE 8th St.
City: Pompano Beach
State: FL
ZIP: 33062
Country: USA
APN#: 494306120140 & 150
Legal Description:
Options:
Size: 2 Lots = .58 Acres
Dimensions:
Roads: Paved
Utilities: All utilities available
Taxes and Dues: $5,386 each
Terrain: Flat
Zoning Info: RM-20

Additional Features:

 


View Larger Map

 

 

3209 8th St.

 

 

3213 8th St.

 

 

Street Level View of Lots