For SaleRisky Deal1 days on market
347 N NEW RIVER Drive E #1005
347 N NEW RIVER Drive E #1005, Fort Lauderdale, FL 33301, Fort Lauderdale, FL 33301
$599,900
Listing Price
347 N NEW RIVER Drive E #1005, Fort Lauderdale, FL 33301
Loc: Fort Lauderdale, FL
Days Listed
1
Tax Assessed
$490k
Rent Estimate
$3,359/mo
Est. Cash Flow base
Type
condo
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
4
Walker Elementary School (Magnet)
PK-5
1.1 mi away
6
Sunrise Middle School
6-8
2.1 mi away
6
Fort Lauderdale High School
9-12
2.2 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-risecondominiumstuccoglass balconiesluxurywater featurefountainpalm treestropical landscapingsculptural artcontemporaryurban
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
3.70%
Total ROI
39.2%
Cash Flow
$-1,265/mo
DSCR
0.59
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-1,265/mo net cash flow with a 3.7% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Fort Lauderdale, FL
- • Long-term capital appreciation corridor
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 | $599,900 | $555 |
| 2025-11-21 | Listing removed | $3,800 | $4 |
| 2025-11-03 | Price change | $3,800 | $4 |
| 2025-10-14 | Listed for rent | $3,500 | $3 |
| 2023-11-22 | Listing removed | $0 | – |
| 2023-11-06 | Price change | $3,200 | $3 |
| 2023-07-25 | Listed for rent | $3,400 | $3 |
| 2020-10-13 | Listing removed | $3,000 | $3 |
| 2020-09-18 | Price change | $3,000 | $3 |
| 2020-06-30 | Listed for rent | $3,200 | $3 |
| 2015-08-14 | Sold | $448,250 | $415 |
| 2015-06-21 | Listed for sale | $469,000 | $434 |
| 2011-12-11 | Listing removed | $2,400 | $2 |
| 2011-10-27 | Price change | $2,400 | $2 |
| 2011-10-17 | Price change | $2,300 | $2 |
| 2011-08-28 | Price change | $2,400 | $2 |
| 2011-07-14 | Listed for rent | $2,500 | $2 |
| 2008-11-12 | Sold | $340,000 | $315 |
| 2004-04-07 | Sold | $275,400 | $255 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $10,305.22 | $532,300 |
| 2024 | $9,607.15 | $483,910 |
| 2023 | $9,116.67 | $439,920 |
| 2022 | $7,775.15 | $399,930 |
| 2021 | $7,087.77 | $363,580 |
| 2020 | $6,860.85 | $353,210 |
| 2019 | $7,131.59 | $367,000 |
| 2018 | $7,131.59 | $365,670 |
| 2017 | $6,894.54 | $367,570 |
| 2016 | $7,145.98 | $372,670 |
| 2015 | $7,455.37 | $330,000 |
| 2014 | $6,607.75 | $300,000 |
| 2013 | $6,607.75 | $272,730 |
| 2012 | $5,245.85 | $253,600 |
| 2011 | $5,436.7 | $263,970 |
| 2010 | $5,528.84 | $262,810 |
| 2009 | $5,619.35 | $276,120 |
| 2008 | $4,913.57 | $300,420 |
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