$2,225,000

3401 NE 10th St # 12, Pompano Beach FL 33062

About This Property

Asking price reduced - Owner wants to negotiate and sale! 7 apartments of the 11 total are available for purchase in this beautiful 4 story condominium located directly on the sand. The 7 (full kitchens and fully furnished) were purchased as a family retreat 16 years ago. You must come and experience the tranquility of the property to appreciate what it has to offer – Spectacular views, heated pool, private beach area, convenient parking, elevator, 2 laundry rooms… Per the recently completed Structural Integrity Reserve Study the property is well maintained plus it has a new roof, pool heater / pump and standpipe fire system. The condo association monthly fee is only $650 per apartment, and there is $20,000 in the reserve fund. The other 4 owners are out of state and seldom use their apartment. Per the Association’s condo attorney, owning 51% of the apartments provides the opportunity to replace board members and thereby have partial control of the Association. And when an owner decides to sell, you have the first right of refusal to purchase their apartment. In addition to being a family retreat, the apartments have tremendous potential to be positioned as an upscale boutique hotel. The asking price per apartment for this direct oceanfront gem is less than many dry lot properties located on the west side of A1A! Ok to drive by but listing agent must schedule and accompany site visits.

Property Details

Location

Leaflet | © OpenStreetMap contributors

Satellite

+−

Hold Ctrl + scroll to zoom the map

Similar Properties

1 of 47

For Sale

Condominium

$2,875,000

900 N Ocean Boulevard # 1204, Pompano Beach FL 33062

3 bd3 bth2,500 sq. ft.

1 of 3

For Sale

Commercial Land

$2,850,000

400 NE 2nd St, Pompano Beach FL 33060

— bd— bth— sq. ft.

1 of 34

For Sale

Townhouse

$2,790,000

1796 Bay Drive # 1796, Pompano Beach FL 33062

3 bd3 bth3,080 sq. ft.

1 of 12

For Sale

Condominium

$2,785,900

1350 S Ocean # 604, Pompano Beach FL 33062

2 bd2 bth2,097 sq. ft.

1 of 35

For Sale

Single Family Residence

$2,750,000

2447 SE 10th Street, Pompano Beach FL 33062

4 bd5 bth2,900 sq. ft.

1 of 51

For Sale

Income/MultiFamily

$2,749,000

940 NW 8th Ave, Pompano Beach FL 33060

— bd— bth— sq. ft.