Additional Details

• Important Details: --> Vacant at close --> Oceanview unit --> HOA is $1133/MO paid quarterly with resort like amenities --> No assessments coming up and reserve is full
• Features: Rare South-Facing Opportunity with Huge Upside! Spacious 2-bedroom, 2-bath + den condo with 1,650 sqft in one of the building’s most desirable stacks. South-facing units are highly sought after, offering bright natural light and unobstructed water views from the balcony. The cheapest south-facing sale in the past 3 years was $640K (excluding an intra-family transfer at $280K), while the lowest current active is $750K. All lower sales are north-facing, with views obstructed by a high-rise under construction. Don’t miss the chance to secure the best-priced south-facing condo in years!
• Potential ARV: $725,000-$750,000
• Rehab Description: To maximize on the resell value, modernize the interior by updating the flooring, kitchen, baths, and fixtures/trim. Apply interior fresh paint and deep clean.
• Ideal Investment Strategy: Resale/Rental
• Construction: CBS/Condo
• Comp 1: 1010 S Ocean Blvd #708, Pompano Beach, FL 33062 2/2 1440 SQFT 1980 Build SOLD @ $740,000 05/30/25 (Smaller/similar view/updated)
• Comp 2: 1010 S Ocean Blvd APT 703, Pompano Beach, FL 33062 2/2 1650 SQFT 1980 Build SOLD @ $715,000 08/19/24 (Similar unit and view)
• Comp 3: 1010 S Ocean Blvd #1410, Pompano Beach, FL 33062 2/2 1650 SQFT 1980 Build SOLD @ $650,00010/03/24 (Our unit, but dated in worse condition)
• Hard Money: Pre-Approved by OPS Loans for up to 75% LTV – See OPS Loans Tab