$224,900
3050 NE 16th Avenue 407
Oakland Park, FL 33334
Explore the area: Oakland Park homes for sale · Broward County real estate
Price Check
How this price compares
- Asking price
- $224,900
- Price per sq ft
- $247
- Original price
- Unchanged
- Days on market
- 54
This 2-bedroom condo in River Terrace Condo went under contract with an asking price of $224,900, or $247 per square foot. It spent 54 days on the market before going under contract.
Estimated monthly payment
$1,182 /mo
Principal and interest only, based on $44,980 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $827/mo HOA are not included.
Customize this estimateListing Snapshot
- Price
- $224,900
- Days on Site
- 54 Days
- Bedrooms
- 2
- Total Baths
- 2
- Full Baths
- 2
- Partial Baths
- 0
- Living Area
- 912 sqft
- Total Sq Ft
- 912 sqft
- Year Built
- 1972
- Property Type
- Condo
- MLS #
- A12005837
- Property Tax
- $5,627 (2025)
- HOA Fees
- $827 / Monthly
- Subdivision
- RIVER TERRACE CONDO
- County
- Broward
- Status
- Under Contract
- Special Conditions
- Listed As Is
About This Property
You will not find better value east of I-95 for a true 2-bedroom, 2-bath condo in this location. Welcome to 3050 NE 16th Ave #407, a gated community just minutes from Wilton Manors and Wilton Drive. Boat dockage with intracoastal and ocean access available to owners. Ideally located approximately 5 minutes to Wilton Drive and 1 mile to the beach, with easy access to Las Olas, dining, shopping, nightlife, parks, and I-95.Comparable units in the building have achieved higher price per square foot, making this a compelling option for buyers looking to secure value today with the potential to elevate over time. The community is well maintained with no known assessments, adding an extra layer of confidence.Bright, spacious, and filled with natural light, this unit offers the ideal layout to create your own South Florida retreat while stepping into a price point that is becoming increasingly difficult to find. Opportunities like this—where location, price, and upside align—are limited.Whether you are looking for a primary residence or second home, this is a unique opportunity to get into a high-demand area at an attractive entry point. Why rent when you can own for less? Well-located, well-priced, and full of potential—this is a true opportunity! Easy to show. Furniture is Virtually staged.
Virtual TourGeneral Features
- Property Type
- Condo
- Status
- Under Contract
- Year Built
- 1972
- Number of Stories
- 7
- Garage Spaces
- 0
- Parking
- Guest
- Living Sq Ft
- 912
- Total Sq Ft
- 912
Interior Features
- Appliances
- Dishwasher / Disposal / Refrigerator
- Cooling
- Central Air / Ceiling Fans
- Heating
- Central
- Flooring
- Tile
- Interior Features
- Bedroom On Main Level / Elevator / Separate Shower
Exterior Features
- Construction
- Block
- Exterior Features
- Balcony / Lighting / Outdoor Living Area
- Pool Features
- Association / Heated
- Patio & Porch
- Screened / Balcony
- Waterfront
- Yes
- Waterfront Features
- Canal Front / Ocean Access
- View
- Canal / Pool
Community & HOA
- HOA Fee
- $827 / Monthly
- HOA Includes
- Common Areas / Insurance / Legal Accounting / Maintenance Grounds / Maintenance Structure / Pools / Recreation Facilities / Reserve Fund / Security / Trash
- Association Amenities
- Billiard Room / Clubhouse / Car Wash Area / Fitness Center / Laundry / Management / Pool / Parking / Shuffleboard Court / Spa Hot Tub / Tennis Courts / Trash / Elevators
- Security
- Elevator Secured / Fire Sprinkler System / Security Fence
- Utilities
- Cable Available
- Pets Allowed
- No
- Financing Terms
- Cash / Conventional / Va Loan
- MLS Area
- 3370
Schools
- Elementary School
- Wilton Manors
- Middle School
- Sunrise
- High School
- Fort Lauderdale
About the Community
River Terrace Condo is an age-restricted 55+ community in Oakland Park, Broward County, Florida, governed under the Housing for Older Persons Act (HOPA). Homes are priced from $224,900 to $259,900. At least one resident per home must be 55 or older. Pure Equity lists homes in River Terrace 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
- 0
Frequently Asked Questions
- How do I schedule a tour of 3050 NE 16th Avenue 407, Oakland Park, FL 33334?
- Use the Tour button on this listing to request a showing of 3050 NE 16th Avenue 407, Oakland Park, FL 33334. 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 3050 NE 16th Avenue 407, Oakland Park, FL 33334 still available?
- 3050 NE 16th Avenue 407, Oakland Park, FL 33334 is currently listed as Under Contract, and has been on the market 54 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 3050 NE 16th Avenue 407, Oakland Park, FL 33334?
- With 20% down ($44,980) on the $224,900 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 3050 NE 16th Avenue 407, Oakland Park, FL 33334 is about $1,182/mo, before property taxes, insurance, and HOA dues. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 3050 NE 16th Avenue 407, Oakland Park, FL 33334?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 3050 NE 16th Avenue 407, Oakland Park, FL 33334. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Does 3050 NE 16th Avenue 407, Oakland Park, FL 33334 have an HOA fee?
- Yes: 3050 NE 16th Avenue 407, Oakland Park, FL 33334 carries an HOA fee of about $827 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
- What schools serve 3050 NE 16th Avenue 407, Oakland Park, FL 33334?
- 3050 NE 16th Avenue 407, Oakland Park, FL 33334 is zoned for Wilton Manors (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 3050 NE 16th Avenue 407, Oakland Park, FL 33334?
- Often, yes. The right offer on 3050 NE 16th Avenue 407, Oakland Park, FL 33334 depends on how it's priced against comparable condo sales in Oakland Park, 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 Perfect Properties of Florida Real Estate
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.
$224,900
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Listed by Jarrod Gaylis, Perfect Properties of Florida Real Estate
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Recent Sales
Recently sold homes in River Terrace Condo
These are the last 3 recorded closings in River Terrace Condo, with the price each home actually sold for rather than what it was listed at. They closed at a median of $285 per square foot. The most recent closed on July 24, 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$259,900
Sold · July 24, 2026
3050 NE 16th Avenue 605
2 bed · 2 bath · 912 sqft · $285/sqft
Sold$260,000
Sold · March 20, 2026
3050 NE 16th Avenue 107
2 bed · 2 bath · 912 sqft · $285/sqft
$14,900 under the asking price
Sold$273,000
Sold · March 18, 2026
3050 NE 16th Avenue 202
2 bed · 2 bath · 912 sqft · $299/sqft
$1,900 under the asking price
See every recorded sale in River Terrace Condo or find out what your River Terrace Condo home is worth.
