For SaleRisky Deal1 days on market
1620 S Ocean Boulevard #5H
1620 S Ocean Boulevard #5H, Lauderdale By The Sea, FL 33062, Lauderdale By The Sea, FL 33062
$549,000
Estimate®:$520,900
Listing Price
1620 S Ocean Boulevard #5H, Lauderdale By The Sea, FL 33062
Loc: Lauderdale By The Sea, FL
Days Listed
1
Tax Assessed
$214k
Estimate®
$521k
Market Rate
Type
condo
More Than Just a Property
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4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
8
McNab Elementary School
PK-5
1.1 mi away
5
Pompano Beach Middle School
6-8
2.5 mi away
2
Northeast High School
9-12
2.9 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
modernhigh-riseresidentialstuccobalconiestropical landscapingpalm treesoceanfrontluxurycoastalapartment complexcondominium
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
5.93%
Total ROI
87.6%
Cash Flow
$-138/mo
DSCR
0.95
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-138/mo net cash flow with a 5.9% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (5.9%)
- • Strong rental demand in Lauderdale By The Sea
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-24 | Listed for sale | $549,000 | $439 |
| 2017-05-26 | Sold | $350,000 | $280 |
| 2017-04-12 | Pending sale | $363,000 | $290 |
| 2017-02-23 | Price change | $363,000 | $290 |
| 2016-12-12 | Listed for sale | $368,000 | $294 |
| 2015-09-18 | Sold | $310,000 | $248 |
| 2015-08-25 | Price change | $329,000 | $263 |
| 2015-08-23 | Price change | $349,000 | $279 |
| 2015-08-09 | Price change | $369,000 | $295 |
| 2015-08-08 | Price change | $384,000 | $307 |
| 2015-06-25 | Listed for sale | $389,000 | $311 |
| 2014-10-24 | Sold | $277,500 | $222 |
| 2014-05-21 | Listed for sale | $297,900 | $238 |
| 2014-05-21 | Pending sale | $297,900 | $238 |
| 2014-03-15 | Price change | $297,900 | $238 |
| 2013-06-30 | Listed for sale | $299,800 | $240 |
| 2011-04-29 | Listing removed | $1,600 | $1 |
| 2011-02-15 | Listed for rent | $1,600 | $1 |
| 2011-01-12 | Listing removed | $375,000 | $300 |
| 2010-10-01 | Listed for sale | $375,000 | $300 |
| 1980-04-01 | Sold | $62,857 | $50 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $3,330.08 | $208,540 |
| 2024 | $3,114.89 | $202,670 |
| 2023 | $3,020.69 | $196,770 |
| 2022 | $2,785.18 | $191,040 |
| 2021 | $2,683.86 | $185,480 |
| 2020 | $2,646.12 | $182,920 |
| 2019 | $2,596.16 | $178,810 |
| 2018 | $2,596.16 | $175,480 |
| 2017 | $2,505.42 | $304,840 |
| 2016 | $5,608.37 | $285,700 |
| 2015 | $5,428.35 | $273,020 |
| 2014 | $4,918.97 | $245,320 |
| 2013 | $4,918.97 | $234,170 |
| 2012 | $4,441.79 | $220,790 |
| 2011 | $4,021.44 | $195,740 |
| 2010 | $4,425.85 | $211,910 |
| 2009 | $4,329.46 | $213,240 |
| 2008 | $5,225.97 | $260,580 |
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