$1,225,000
501 NW 7th Terrace
Fort Lauderdale, FL 33311
Explore the area: Fort Lauderdale homes for sale · Broward County real estate
Price Check
How this price compares
- Asking price
- $1,225,000
- Price per sq ft
- N/A
- Original price
- $1,250,000
- Days on market
- 38
This lot in ZIP 33311 went under contract with an asking price of $1,225,000. The asking price has come down 2% from its original $1,250,000. It spent 38 days on the market before going under contract.
Estimated monthly payment
$6,438 /mo
Principal and interest only, based on $245,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $1,225,000
- Days on Site
- 38 Days
- Bedrooms
- 0
- Total Baths
- 0
- Lot Size
- 0.47 Acres
- Property Type
- Land
- MLS #
- A12064988
- Property Tax
- $383 (2025)
- Subdivision
- NORTH LAUDERDALE
- County
- Broward
- Status
- Under Contract
About This Property
Exceptional corner development site located in one of Fort Lauderdale’s fastest-growing corridors. This 20,250square foot parcel, comprised of three assembled lots, sits prominently at NW 7th Terrace and NW 5th Street, just steps from Sistrunk Marketplace and surrounded by significant new construction and revitalization. Zoned RMM25, the property offers the potential to develop up to 10 townhomes. The lot previously received City approval for a church, reflecting strong development viability. A current survey is available, and extensive testing has already been completed, providing added value and reduced upfront work for the next developer. Uses Commonly Built in RMM-25 In practice, this zoning has been used for: • Townhome developments (e.g., mid-rise townhome complexes) • Small/medium multifamily buildings (typically up to ~25 units/acre density) ? • Mixed residential configurations with some higher-density units Position yourself ahead of the curve and capitalize on Fort Lauderdale’s continued growth before pricing accelerates further.
MLS media linkGeneral Features
- Property Type
- Land
- Status
- Under Contract
- Lot Size (Acres)
- 0.47
- Water Source
- Other
- Zoning
- RMM-25
Exterior Features
- Lot Features
- Corner Lot / City Lot
Community & HOA
- Utilities
- None / Sewer Not Available
- Financing Terms
- Cash / Conventional
- Restrictions
- City Restrictions
- MLS Area
- 3423
Schools
- Elementary School
- Sanders Park
- Middle School
- Pompano Beach
- High School
- Blanche Ely
About the Community
North Lauderdale is a community in Fort Lauderdale, Broward County, Florida. Active listings are priced from $579,900. Homes were built starting 2023. Pure Equity lists homes in North Lauderdale 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
- 5
- Under Contract
- 1
- Median List Price
- $569,900
- Median $/Sq Ft
- $477
- Avg Days on Market
- 128
Frequently Asked Questions
- How do I schedule a tour of 501 NW 7th Terrace, Fort Lauderdale, FL 33311?
- Use the Tour button on this listing to request a showing of 501 NW 7th Terrace, Fort Lauderdale, FL 33311. 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 501 NW 7th Terrace, Fort Lauderdale, FL 33311 still available?
- 501 NW 7th Terrace, Fort Lauderdale, FL 33311 is currently listed as Under Contract, and has been on the market 38 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 501 NW 7th Terrace, Fort Lauderdale, FL 33311?
- With 20% down ($245,000) on the $1,225,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 501 NW 7th Terrace, Fort Lauderdale, FL 33311 is about $6,438/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 501 NW 7th Terrace, Fort Lauderdale, FL 33311?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 501 NW 7th Terrace, Fort Lauderdale, FL 33311. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- What schools serve 501 NW 7th Terrace, Fort Lauderdale, FL 33311?
- 501 NW 7th Terrace, Fort Lauderdale, FL 33311 is zoned for Sanders Park (elementary), Pompano Beach (middle), Blanche Ely (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 501 NW 7th Terrace, Fort Lauderdale, FL 33311?
- Often, yes. The right offer on 501 NW 7th Terrace, Fort Lauderdale, FL 33311 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 Lifestyle International Realty
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 August 9, 2026.
$1,225,000
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Listed by Herby Honore, Lifestyle International Realty
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Recent Sales
Recently sold homes in ZIP 33311
These are the last 6 recorded closings in ZIP 33311, with the price each home actually sold for rather than what it was listed at. They closed at a median of $233 per square foot. The most recent closed on October 9, 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$220,000
Sold · October 9, 2026
781 NW 22nd Road
4 bed · 2 bath · 1,508 sqft · $146/sqft
$90,000 under the asking price
Sold$453,000
Sold · October 8, 2026
1115 NW 7th Avenue
3 bed · 2 bath · 1,180 sqft · $384/sqft
$5,500 over the asking price
Sold$280,000
Sold · October 8, 2026
716 NW 17TH Avenue
2 bed · 1 bath · 600 sqft · $467/sqft
$10 over the asking price
Sold$240,000
Sold · October 7, 2026
723 NW 15th Way
4 bed · 1 bath · 1,080 sqft · $222/sqft
$60,000 under the asking price
Sold$400,000
Sold · October 6, 2026
1100 NW 19th Street
4 bed · 3 bath · 1,716 sqft · $233/sqft
$39,000 under the asking price
Sold$77,000
Sold · October 6, 2026
2821 Somerset Drive 317
1 bed · 1 bath · 748 sqft · $103/sqft
$2,000 under the asking price
See every recorded sale in ZIP 33311 or find out what your ZIP 33311 home is worth.
