$565,000
Sold · October 30, 2025
1462 SW 16th Terrace
Fort Lauderdale, FL 33312
Explore the area: Fort Lauderdale homes for sale · Broward County real estate
Sale Summary
What this home sold for
- Sold price
- $565,000
- Vs. list price
- 8.1% under
- Days on market
- 105
- Price per sq ft
- $376
This 4-bedroom single-family home in Shady Banks On New River sold for $565,000 on October 30, 2025. That was 8.1% below its final list price of $615,000. It first came on the market at $624,900, so the price was adjusted before it sold. It spent 105 days on the market.
Listing Snapshot
- Sold Price
- $565,000
- Sold On
- October 30, 2025
- Days on Site
- 105 Days
- Bedrooms
- 4
- Total Baths
- 3
- Full Baths
- 3
- Partial Baths
- 0
- Living Area
- 1,504 sqft
- Lot Size
- 0.17 Acres
- Year Built
- 1957
- Property Type
- Single Family
- MLS #
- F10513600
- Property Tax
- $2,623 (2024)
- Subdivision
- Shady Banks On New River
- County
- Broward
- Status
- Sold
About This Property
Rare 4 bed 3 bath home in sought after Shady Banks. Great for entertaining w/ a 500sf covered patio &big backyard w/ room for a pool. Open, flexible floorplan with 2 primary bedrooms. One primary has a separate entrance & bathroom, making it perfect for an in-aw or roommate plus 2 addt'l bedrooms. Inside laundry/pantry area. Florida room w/ access to the patio. Freshly painted exterior. Walk to the park 1 street over. Minutes to downtown, the beach, Airport & Port Everglades. One way in/out surrounded by the river, this is THE hidden gem neighborhood to be in. 2 parks offer: Tennis Volleyball Fitness Equipment, Playground plus a 3+ acre Nature Preserve along the New River with picnic areas, boardwalks & a Natural Shoreline, drop a Paddleboard or Kayak in and explore the beautiful river.
Virtual TourGeneral Features
- Property Type
- Single Family
- Status
- Sold
- Year Built
- 1957
- Property Condition
- Resale
- Number of Stories
- 1
- Levels
- One
- Garage Spaces
- 0
- Parking
- Driveway
- Direction Faces
- West
- Lot Size (Acres)
- 0.17
- Living Sq Ft
- 1,504
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- RS-8
Interior Features
- Appliances
- Dryer / Dishwasher / Electric Range / Disposal / Gas Range / Microwave / Oven / Refrigerator / Water Softener / Water Heater / Water Purifier / Washer
- Cooling
- Central Air
- Heating
- Other
- Flooring
- Carpet / Tile
- Fireplace
- Yes
- Interior Features
- Breakfast Bar / Family Dining Room / Multiple Primary Suites / Multiple En Suite Bathrooms / Split Bedrooms / Walk In Closets
- Windows
- Impact Glass
- Main Level Bedrooms
- 4
- Main Level Baths
- 3
- Total Rooms
- 2
Exterior Features
- Construction
- Block / Other
- Roof
- Shingle
- Exterior Features
- Balcony / Outdoor Living Area / Room For Pool
- Patio & Porch
- Porch / Balcony
- Lot Features
- Less Than Quarter Acre
Community & HOA
- Association Amenities
- Playground / Park
- Financing Terms
- Cash / Conventional / FHA / Va Loan
- Restrictions
- No Restrictions / Other Restrictions
- MLS Area
- 3480
About the Community
- Homes for Sale
- 0
Frequently Asked Questions
- How do I schedule a tour of 1462 SW 16th Terrace, Fort Lauderdale, FL 33312?
- Use the Tour button on this listing to request a showing of 1462 SW 16th Terrace, Fort Lauderdale, FL 33312. 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 1462 SW 16th Terrace, Fort Lauderdale, FL 33312 still available?
- 1462 SW 16th Terrace, Fort Lauderdale, FL 33312 is currently listed as Sold, and has been on the market 105 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 1462 SW 16th Terrace, Fort Lauderdale, FL 33312?
- With 20% down ($123,000) on the $615,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 1462 SW 16th Terrace, Fort Lauderdale, FL 33312 is about $3,232/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 1462 SW 16th Terrace, Fort Lauderdale, FL 33312?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 1462 SW 16th Terrace, Fort Lauderdale, FL 33312. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Can I negotiate the price of 1462 SW 16th Terrace, Fort Lauderdale, FL 33312?
- Often, yes. The right offer on 1462 SW 16th Terrace, Fort Lauderdale, FL 33312 depends on how it's priced against comparable single family 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 Sea Island Realty 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 July 1, 2026.
$565,000
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Listed by Rosemary S Purswell, Sea Island Realty Inc.
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Recent Sales
Recently sold homes in Shady Banks On New River
These are the last 2 recorded closings in Shady Banks On New River, with the price each home actually sold for rather than what it was listed at. They closed at a median of $393 per square foot. The most recent closed on September 3, 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.
Sold$900,000
Sold · September 3, 2026
1516 SW 15th Terrace
4 bed · 3 bath · 2,292 sqft · $393/sqft
$25,000 under the asking price
- Photo Coming SoonSold
$525,000
Sold · February 18, 2026
1436 SW 16th Terrace
3 bed · 2 bath · 1,470 sqft · $357/sqft
See every recorded sale in Shady Banks On New River or find out what your Shady Banks On New River home is worth.
