Off-Market Condo: 04 at 1116 N Ocean Blvd, Pompano Beach, FL, 33062

1116 N Ocean Blvd, Pompano Beach, FL, 33062

- #1404

$2,995,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $401 per day and long-term for an average of $20,000 per month, based on similar listings in the area. Estimated short-term cap rate of -5.4%. Estimated long-term cap rate of 0.1%. Beachfront living at Solemar is a luxury experience. Residence 1404 epitomizes elegance and sophistication, offering a pristine three-bedroom plus den flow-through layout with sunrise and sunset terraces. Elegant fixtures and high-end finishes with additional upgrades, ** INCLUDING EXTRA PARKING**, automated blinds, and a speaker system. Enjoy ocean vistas, with views of the lighthouse and inlet from the main living area and primary bedroom. Solemar has curated every detail to elevate the living experience of its residents, featuring standout amenities such as gas cooktops, a stunning oceanside pool, an additional pool with western exposure, a park-like amenity deck complete with hammocks and grill, and sophisticated interior lounge areas.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$3630
Rental Policy
daily
Yearly Taxes
$2564
Bedrooms
3
Bathrooms
4
SQFT
2,293
Furnished
unknown
Year built
2023
Listing Status
Off Market
MLS
F10423375

Short-term Rental Potential
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$76,524

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1306

Price/SQFT

Long-term Rental Potential
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$240,000

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$20,000/mo

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