How do I schedule a tour of 1219 NE 5th Terrace, Fort Lauderdale, FL 33304?

Use the Tour button on this listing to request a showing of 1219 NE 5th Terrace, Fort Lauderdale, FL 33304. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.

Is 1219 NE 5th Terrace, Fort Lauderdale, FL 33304 still available?

1219 NE 5th Terrace, Fort Lauderdale, FL 33304 is currently listed as Active, and has been on the market 131 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.

How much is the monthly payment for 1219 NE 5th Terrace, Fort Lauderdale, FL 33304?

With 20% down ($135,970) on the $679,850 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 1219 NE 5th Terrace, Fort Lauderdale, FL 33304 is about $3,573/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.

How do I get pre-approved to buy 1219 NE 5th Terrace, Fort Lauderdale, FL 33304?

Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 1219 NE 5th Terrace, Fort Lauderdale, FL 33304. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.

What schools serve 1219 NE 5th Terrace, Fort Lauderdale, FL 33304?

1219 NE 5th Terrace, Fort Lauderdale, FL 33304 is zoned for North Side (elementary), Sunrise (middle), Fort Lauderdale (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.

Can I negotiate the price of 1219 NE 5th Terrace, Fort Lauderdale, FL 33304?

Often, yes. The right offer on 1219 NE 5th Terrace, Fort Lauderdale, FL 33304 depends on how it's priced against comparable land sales in Fort Lauderdale, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.

Active

131 Days on Market

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$679,850

1219 NE 5th Terrace

Fort Lauderdale, FL 33304

PROGRESSO

Explore the area: Fort Lauderdale homes for sale · Broward County real estate

Price Check

How this price compares

List price: $679,850
Price per sq ft: N/A
Original price: $799,997
Days on market: 131

This lot in Progresso is listed at $679,850. The asking price has come down 15% from its original $799,997. It has been on the market for 131 days.

Bedrooms

Bathrooms

Living Sq Ft

N/A

Year Built

Estimated monthly payment

$3,573 /mo

Principal and interest only, based on $135,970 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.

Customize this estimate

Listing Snapshot

Price: $679,850
Days on Site: 131 Days
Bedrooms: 0
Total Baths: 0
Lot Size: 0.23 Acres
Property Type: Land
MLS #: B26033788
Property Tax: $7,203 (2025)
Subdivision: PROGRESSO
County: Broward
Status: Active
Special Conditions: Standard

About This Property

This is how to generate great returns in today's market while protecting your downside. Acquire an income producing duplex (1 Bedroom/1 Bathroom each side) with additional development capacity (the right to build 8 more units) in Fort Lauderdale's rapidly developing Studio City at over 40% below market value. This property should not be viewed solely as a duplex or solely as a land play; the true value is in both. The existing duplex (that is fairly renovated and has separate water & electric meters) can remain in place and continue generating income while 8 additional units are developed on the same lot, for a total of 10 units, without tearing down the current structure. The included site plan shows viable layout, parking, & access. A preliminary development meeting has been held with the city; representatives from every relevant department (planning, zoning, engineering, landscape, etc) were present and confirmed that the site plan is feasible and compliant with current code and zoning regulations. Recently sold multi-family land comps: $117k-$141k per unit. Active multi-family land comps: $124k-$177k per unit. Recently sold multi-family (existing building) comps: $312k-$375k per unit. Active multi-family (existing building) comps: $297k-$372k per unit. Subject property: fairly renovated duplex + 8 units of buildable land; market value $1.2M-$1.4M. Build cost ~$1.2M. All in:~$1.9M. Projected value:$3M+ = $1M+ instant equity upon completion. 1 bedroom apartment rents:$1.6k-$2.3k/mo. Potential ~10% cap rate. Seller will finance. Located on NE 5th Terrace, less than one block from NE 13th Street, the property is under a 60 second walk from the heart of Studio City: Fort Lauderdale's emerging arts and entertainment district, featuring an eclectic mix of independent businesses like Gulfstream Brewing Co, Lovelee Bakeshop, Radio-Active Records and other popular neighborhood destinations. Situated at the crossroads of Flagler Village & Wilton Manors, the area offers a vibrant, walkable neighborhood experience with a youthful, creative energy often compared to early Wynwood. Surrounded by ongoing new development, the area continues to attract investors & developers who recognize its long term potential. Property is in a Qualified Opportunity Zone, which offers the potential for major tax benefits including deferring taxes, reducing capital gains taxes, and potentially paying no tax at all on the profit when you sell the property; consult tax professional for details and eligibility. See photos & attachments for details on location, plans, and comps. Call listing agent for more information.

Virtual Tour

General Features

Property Type: Land
Status: Active
Direction Faces: East
Lot Size (Acres): 0.23
Sewer: Public Sewer
Water Source: Public
Zoning: RMM-25

Exterior Features

Lot Features: Less Than Quarter Acre

Community & HOA

Utilities: Cable Connected / Electricity Connected / Phone Connected / Sewer Connected / Water Connected
Financing Terms: Cash / Conventional / Cryptocurrency / Exchange1031 / Owner Will Carry / Private Financing Available / Trade
MLS Area: 3370

Schools

Elementary School: North Side
Middle School: Sunrise
High School: Fort Lauderdale

About the Community

Progresso

View Community Details →

Progresso is a community in Fort Lauderdale, Broward County, Florida. Active listings are priced from $244,900 to $2,900,000. Homes were built between 1931 and 2027. Pure Equity lists homes in Progresso and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.

Homes for Sale: 191
Under Contract: 20
Median List Price: $767,000
Median Sale Price (September): $640,000
Median $/Sq Ft: $472
Avg Days on Market: 98

View all 191 homes for sale in Progresso →

Frequently Asked Questions

How do I schedule a tour of 1219 NE 5th Terrace, Fort Lauderdale, FL 33304?: Use the Tour button on this listing to request a showing of 1219 NE 5th Terrace, Fort Lauderdale, FL 33304. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
Is 1219 NE 5th Terrace, Fort Lauderdale, FL 33304 still available?: 1219 NE 5th Terrace, Fort Lauderdale, FL 33304 is currently listed as Active, and has been on the market 131 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
How much is the monthly payment for 1219 NE 5th Terrace, Fort Lauderdale, FL 33304?: With 20% down ($135,970) on the $679,850 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 1219 NE 5th Terrace, Fort Lauderdale, FL 33304 is about $3,573/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
How do I get pre-approved to buy 1219 NE 5th Terrace, Fort Lauderdale, FL 33304?: Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 1219 NE 5th Terrace, Fort Lauderdale, FL 33304. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
What schools serve 1219 NE 5th Terrace, Fort Lauderdale, FL 33304?: 1219 NE 5th Terrace, Fort Lauderdale, FL 33304 is zoned for North Side (elementary), Sunrise (middle), Fort Lauderdale (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
Can I negotiate the price of 1219 NE 5th Terrace, Fort Lauderdale, FL 33304?: Often, yes. The right offer on 1219 NE 5th Terrace, Fort Lauderdale, FL 33304 depends on how it's priced against comparable land sales in Fort Lauderdale, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.

Listing courtesy of United Realty Group Inc.

Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.

$679,850

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Listed by Michael J Sheer, United Realty Group Inc.

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Recently sold homes in Progresso

These are the last 6 recorded closings in Progresso, with the price each home actually sold for rather than what it was listed at. They closed at a median of $468 per square foot. The most recent closed on October 2, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.