$2,500,000
For Sale

1940 E Terra Mar Drive

Lauderdale By The Sea, FL 33062
Type:Purchase
Structure:House
Zone:Residential

Description

BRING ALL OFFERS! Presenting this UNIQUE OPPORTUNITY to Build on this expansive lot size & prime waterfront location, ample room for redevelopment into a luxurious custom residence in the highly coveted Terra Mar neighborhood of Lauderdale-by-the-Sea, a prestigious & sought-after community. Waterfront: Direct access with 125 feet of water frontage, ideal for boating enthusiasts. Existing Structure: A single-family home built in 1953, featuring 2 Bed 2 baths, totaling 1,932 square feet Development Potential: Residents enjoy a serene environment w/ direct ocean access & no fixed bridges, making it a boater's paradise. The neighborhood offers a private deeded beach club with a cabana, showers, grills, & picnic areas, enhancing the resort-style living experience. Limited Inventory in the area.

  • Property Details
      • SubdivisionTerra Mar Island Estates
      • Property SubtypeSingle Family Detached
      • MLS #FX-10479283
      • MLS #FX-10479283
      • Lot Features< 1/4 Acre
      • Lot Description< 1/4 Acre
      • Original List Price$2,500,000
      • Property TypePurchase
      • CountyBroward
      • Cost2500000
      • Taxes Annual$6,436
      • ViewCanal
      • ZoningRS-5
      • Waterfront1

Location

SylvesterResidential | Real Estate ExpertsReal Estate Group
$
years

Down Payment

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%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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