For SaleNeutral Deal156 days on market
513 Middle River Drive
513 Middle River Drive, Fort Lauderdale, FL 33304, Fort Lauderdale, FL 33304
$55,000,000
Estimate®:$48,527,100
Listing Price
513 Middle River Drive, Fort Lauderdale, FL 33304
Loc: Fort Lauderdale, FL
Days Listed
156
Tax Assessed
$3721k
Estimate®
$48527k
Market Rate
Lot Size
0.38 acres
Type
single family
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.
10
Bayview Elementary School
K-5
0.9 mi away
6
Sunrise Middle School
6-8
1.2 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
modern luxurycontemporary architectureonyx marble accentsmulti-car garagearchitectural lightingsleek designtropical landscapingspacious drivewayglass balconiesgeometric detailinghigh-end estatenight exteriorstone and wood facade
Haven AI Verdict
Recommendation
Neutral
Confidence Score: 4/10
Exercise caution due to potential market volatility.
Cap Rate
6.73%
Total ROI
105.0%
Cash Flow
$22,878/mo
DSCR
1.08
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $22,878/mo net cash flow with a 6.7% cap rate. Underwriting indicates neutral fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.7%)
- • Strong rental demand in Fort Lauderdale
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 |
|---|---|---|---|
| 2026-04-22 | Listed for sale | $55,000,000 | $3,647 |
| 2025-07-07 | Listing removed | $49,900,000 | $3,309 |
| 2024-11-06 | Listed for sale | $49,900,000 | $3,309 |
| 2024-07-03 | Sold | $5,500,000 | $365 |
| 1997-06-17 | Sold | $1,115,000 | $74 |
| 1988-02-01 | Sold | $440,000 | $29 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $68,957.41 | $3,721,280 |
| 2024 | $29,938.77 | $1,620,510 |
| 2023 | $29,452.08 | $1,573,320 |
| 2022 | $28,103.27 | $1,527,500 |
| 2021 | $27,310 | $1,483,010 |
| 2020 | $26,793.1 | $1,462,540 |
| 2019 | $26,120.05 | $1,429,660 |
| 2018 | $26,120.05 | $1,403,010 |
| 2017 | $24,979.29 | $1,374,160 |
| 2016 | $24,883.73 | $1,345,900 |
| 2015 | $25,119.05 | $1,336,550 |
| 2014 | $25,900.49 | $1,325,950 |
| 2013 | $25,900.49 | $2,066,770 |
| 2012 | $25,201.1 | $1,936,390 |
| 2011 | $24,364 | $2,151,650 |
| 2010 | $24,516.8 | $1,228,690 |
| 2009 | $23,090.6 | $1,196,390 |
| 2008 | $22,904.7 | $1,195,200 |
| 2007 | $22,602.7 | $1,160,390 |
| 2006 | $24,441 | $1,132,090 |
| 2005 | $0 | $1,099,120 |
| 2004 | $25,835.4 | $1,067,110 |
| 2003 | $25,036 | $1,047,220 |
| 2002 | $25,047.2 | $1,022,680 |
| 2001 | $24,627.5 | $1,006,580 |
| 2000 | $24,097.1 | $0 |
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