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$4,500,000
Est. payment /mo
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Residential
Listing Status Active
Purchase Type For Sale
Subdivision Rio Vista Isles
MLS Listing ID A11948941
HOA Y/N No
Annual Tax Amount $14,286
Tax Year 2024
Lot Dimensions 100x80
Property Sub-Type Residential
Property Description
CORE / CORE+ RESIDENTIAL INVESTMENT. Prime Modern Masterpiece Leased for 3 years .Luxury Residence This property is offered with tenant in place under a full 3-year lease, providing contractual, predictable income with built-in rent escalations. Exceptional opportunity to acquire a fully leased, brand-new luxury single-family residence in the highly desirable Rio Vista neighborhood of Fort Lauderdale. PROPERTY HIGHLIGHTS New construction (2025) Approx. 5,000 SqFt of living area /6600 sqFt total 5 Bedrooms | 5 Bathrooms High-end finishes and modern luxury design Located in Rio Vista, one of Fort Lauderdale's most established and prestigious neighborhoods Close proximity to downtown, Las Olas, marina district, and beaches INVESTMENT OVERVIEW Tenant in place – full 3-year lease Year 1 rent: USD 21,500/month Year 2 rent: +4% escalation Year 3 rent: +5% escalation Low operational risk INVESTMENT POSITIONING This asset represents a Core / Core+ residential investment, combining: Stable, contractually secured income for the full 3-year lease term Built-in rental growth Capital preservation through prime location and new construction Strong exit liquidity, appealing to both owner-users and investors “You are buying three full years of guaranteed, growing income, with capital preservation and an upside exit — essentially a luxury residential bond with equity optionality.” “A residential bond backed by a brand-new luxury asset in Rio Vista.”
Location
State FL
County Broward
Community Rio Vista Isles
Area 3280
Exterior
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
Present Use Other
Private Pool Yes
Building
Lot Description <1 Acre
Sewer Public Sewer
Water Public
Others
Tax ID 504211181060
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11948941
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Listed by Global Luxury Realty LLC
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