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Pinnacle Real Estate Group – FL

450 Paradise Isle Boulevard, Hallandale Beach, FL 33009 (MLS# B26044989)

450 Paradise Isle Boulevard, Hallandale Beach, FL 33009

$6,650,000
Property Type: Commercial Sale Square Footage: 1,864,368 Status: Active
Current Price: $6,650,000 List Date: 6/24/2026 Last Modified: 9/17/2026

Overview

Description

ONCE-IN-A-LIFETIME UNIQUE OPPORTUNITY! Amazing Opportunity to Own this Beautiful Ground Lease in the City of Hallandale. It is a TRUE ISLAND, surrounded by over 2,200 linear feet of waterway on all 3 sides connected to the mainland by bridge... just 1 minute to the Intercoastal waterway. Lot size is 4.28 acres with 7 buildings comprised of #194 apartment units, a recreational center, and #42 Boat slips and docks. Enjoy this NO-Responsibility Investment and watch your equity grow. $75,000 per year Cash Flow without any responsibility. Purchase this ground lease for a fraction of what it will be worth when it matures!!!

Listing Details MLS# B26044989

General Property Information

Number Of Buildings
7
Property Sub Type
Multi Family
Number Of Units Total
195
Price Per Unit
34102
Occupant Type
Call Listing Agent
Building Area Main
1864368
Building Area Source
Owner
Year Built
1964
Parking Total
200
Lot Size Area
27066
Lot Size Acres
4.28
Accessibility Features YN
Yes
Stories Total
3

Property Features

Business Type: Commercial; Residential Ceiling: Other Common Area Maintenance Includes: Assessment Fees; Grounds/Plants; HVAC Maintenance; Inside Insurance; Management Fees; Outside Insurance; Water Documents Available: Aerial Photo(s); Copy Of Lease(s) Electric: Other Heating: Central Building Location of Property: City Location; Corner Unit Parking Features: Accessible Parking; Assigned; Boat Access/Parking; Guest Possession: Close Of Escrow Property Condition: Resale Sale Includes: Land; Leases Special Listing Conditions: Standard Source Of Expenses: Owner Provided Construction Materials: Block; Stucco Cooling: Central Building Listing Terms: Cash; Other Road Frontage Type: City Street Roof: Composition; Shingle Security Features: Other Sewer: Public Sewer Utilities: Cable Available; Electricity Available; Sewer Available; Water Available Water Source: Public Showing Requirements: Call Listing Agent Acreage Description: 4 To Less Than 5 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
6650000
Listing Service
Full Service

Location and Legal

Country
United States
County Or Parish
Broward
County Parish Name
Broward
Street Number
450
Street Name
Paradise Isle
Street Suffix
Boulevard
City Name
Hallandale Beach
Municipality Type
Incorporated
State Or Province
FL
Postal Code
33009
Area
3040
Geographic Area
HWEA - Hollywood East (3010-3050)
Parcel Number
514226140070
Subdivision Number
14
Zoning
RM-18
Flood Zone
AE
Property Description
RESIDENTIAL

Financial Information

Tax Year
2025
Tax Assessed/SOH Value
10
Tax Legal Description
ISLE OF PARADISE 59-8 B TRACT G-1
Assessor Market Value
10

Status Change Information

Major Change Timestamp
2026-06-24T19:16:58Z
Major Change Type
New Listing
Status Change Date
2026-06-24

More Information

Distance To Information

Miles to Beach
Yes
Miles to Expressway
3

Meter Information

Separate Electric Meters YN
Yes
Number Of Separate Electric Meters
196
Separate Gas Meters YN
No
Separate Water Meters YN
Yes
Number Of Separate Water Meters
195
Number Of Meters Total
195

Income and Expenses

Gross Income
71000
Gross Scheduled Income
71000
Net Operating Income
71000

Description of Unit Type 1

Unit Type
2 Bedroom

Originating Details

Originating System Key
20260624170916407515000000
Originating System ID
M00000170
IDX
Listing Office: Joe Caprio & Co. Real Estate
Last Updated: September - 17 - 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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