Off-Market Property at 2587 SE 8th St, Pompano Beach, FL, 33062
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2587 SE 8th St, Pompano Beach, FL, 33062

$2,990,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $1K per day, based on similar listings in the area. Estimated short-term cap rate of 1.3%. Uncover a unique opportunity in Pompano Beach! This prime teardown property offers a vast 122' of waterfront with stunning views over Lake Santa Barbara. Located just seconds from the Intracoastal and the ocean, this site is perfect for building a luxury dream home. Recent sales in the area underline its significant value: a neighboring property recently sold for $10M, and another is listed at $7.3M. This is your chance to turn a blank canvas into a spectacular waterfront estate. Don't miss the opportunity to make your mark in one of Pompano Beach's most desirable waterfront communities!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$12263
Bedrooms
5
Bathrooms
6
SQFT
3,689
Furnished
unknown
Year built
1957
Listing Status
Off Market
MLS
F10412521

Short-term Rental Potential
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$242,880

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$810

Price/SQFT