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Pinnacle Real Estate Group – FL

11 SW 11th Avenue, Fort Lauderdale, FL 33312 (MLS# F10518998)

11 SW 11th Avenue, Fort Lauderdale, FL 33312

$1,395,000
Property Type: Land & Docks Lot Size (sq. ft.): 15,600 Status: Active
Current Price: $1,395,000 List Date: 8/11/2025 Last Modified: 9/20/2026

Overview

Description

Located in the heart of the desirable Sailboat Bend Historic District, this prime property offers an unparalleled investment opportunity just minutes from downtown Fort Lauderdale and the Discovery Center. Situated on more than 1/3 acre and zoned RMM-25 (Residential Multifamily Medium High Density), this site provides the flexibility to expand and capitalize on its full potential.Currently, the property features two charming income-producing cottages generating $3,600/month in rental income. With the potential to add 5+ additional multi-level units, this property presents a rare chance for a developer or private owner to create a boutique multifamily development in one of Fort Lauderdale’s most unique and historic neighborhoods.

Listing Details MLS# F10518998

General Property Information

Transaction Type
Listing For Sale
Property Sub Type
Unimproved Land
Lot Size Acres
0.36
Lot Size Square Feet
15600
Lot Size Dimensions
15600
Lot Depth
130
Gated Community YN
No
Lot Frontage
125
Land Lease YN
No
Recreation Lease YN
No
LP/Assessed Value
2.29
LP/SqFt
89.42

Property Features

Comprehensive Plan Use: Central Urban; Open Land Current Use: Other Development Status: Raw Land Documents Available: Aerial; Survey Environmental Audit: None Location of Property: Corner Lot; In Residential Area Other Structures: Cottage Possession: Close Of Escrow Possible Use: Multi-Family; Residential; Single Family Sewer: Public Sewer Special Information: City Jurisdiction Special Listing Conditions: Standard Utilities: Cable Available; Electricity Available; Natural Gas Available; Sewer Available; Water Available; Irrigation Water Onsite Vegetation: Grassed View: Garden Source Of Expenses: Owner Provided Listing Terms: Cash; Conventional Lot Features: Corner Lot; Home Membership: No Membership Available Road Frontage Type: City Street; West of US-1 Road Responsibility: Public Maintained Road Road Surface Type: Paved Tax Information: Tax Reflects No Exemptions Water Source: Public Showing Requirements: Call Listing Agent Elevation Description: 0-5 Feet Above Sea Level Acreage Description: 1/4 To Less Than 1/2 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
1495000
Listing Service
Full Service
LP/Acre
3875000
LP/Frontage
11160

Location and Legal

Country
United States
County Or Parish
Broward
County Parish Name
Broward
Street Number
11
Street Direction Prefix
SW
Street Name
11th
Street Suffix
Avenue
City Name
Fort Lauderdale
Municipality Type
Incorporated
State Or Province
FL
Postal Code
33312
Postal Code +4
2671
Postal Zip
33312
Subdivision Name
Waverly Place 2-19 D
Development Name
Sailboat Bend
Area
3470
Geographic Area
FTSW - Ft Lauderdale SW (3470-3500;3570-3590)
Parcel Number
504209092420
Zoning
RMM-25

Financial Information

Master Association YN
No
Membership Fee Required YN
No
Tax Year
2024
Tax Annual Amount
10524
Tax Assessed/SOH Value
609790
Tax Legal Description
WAVERLY PLACE 2-19 D LOT 1 THRU 5,6 E 5 & S1/2 VAC ALLEY ABUTTING SAID LOT BLK 124
Assessor Market Value
609790

Status Change Information

Major Change Timestamp
2025-12-27T00:05:43Z
Major Change Type
Price Reduced
Price Change Timestamp
2025-12-27T00:05:43Z
Status Change Date
2025-08-11

More Information

Other Area Details

Living Area Other Structures
1240

Zoning Details

Jurisdiction
City

Income and Expenses

Gross Income
42000
Gross Scheduled Income
3500
Inc/Exp Statement Period
annual
Real Estate Taxes
10814.17

Section Details

Parcel Number MLX
2420

Originating Details

Originating System Key
602206222
Originating System ID
M00000170
IDX
Listing Office: LoKation
Last Updated: September - 20 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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