$5,600,000
505 SE 16th Street
Fort Lauderdale, FL 33316
Explore the area: Fort Lauderdale homes for sale · Broward County real estate
Price Check
How this price compares
- List price
- $5,600,000
- Price per sq ft
- N/A
- Original price
- $6,000,000
- Days on market
- 222
This commercial property in ZIP 33316 is listed at $5,600,000. The asking price has come down 6.7% from its original $6,000,000. It has been on the market for 222 days.
Estimated monthly payment
$29,430 /mo
Principal and interest only, based on $1,120,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $5,600,000
- Days on Site
- 222 Days
- Bedrooms
- 0
- Total Baths
- 0
- Total Sq Ft
- 6,869 sqft
- Lot Size
- 0.49 Acres
- Year Built
- 1960
- Property Type
- Commercial
- MLS #
- A11967447
- Property Tax
- $12,784 (2025)
- County
- Broward
- Status
- Active
About This Property
THE LAUDERDALE BOUTIQUE HOTEL | 17-Unit Turn-Key Investment | $6,000,000. Fully upgraded boutique hotel at SE 16th St, Fort Lauderdale — 17 designer units across three contiguous lots (21,450 SF) with RO zoning allowing 5-story development. FINANCIALS: Revenue $830K, $372K NOI (44.6% margin) third-party managed or $461K NOI (7.7% cap) owner-operated. Stabilized 80%+ occupancy, $159 ADR. $600K+ in capital improvements (2023) including smart locks, fiber Wi-Fi, 55" casting TVs. TECH-DRIVEN OPERATIONS: Fully automated — no front desk or full-time staff required. Guesty PMS, PricePoint dynamic pricing (+12% RevPAR), Conduit AI (90% inquiry resolution, support costs cut from $4K to $600/mo), SiteMinder distribution. Entire operation manageable remotely. ROOM MIX: 5 Queen Studios, 4 King Studios, 5 Junior Suites, 3 Two-Bedroom Suites — serving medical travelers, business guests, and leisure visitors. LOCATION: 2 min from Broward Health (716 beds), walking distance to $1.2B Convention Center expansion, <10 min to FLL Airport and Port Everglades (4.7M cruise passengers). Adjacent to $3B+ development corridor (Pier Sixty-Six, Bahia Mar). EXPANSION: Lot 505 is 70% undeveloped — pool/amenity deck, co-working conversion, or 8-12 unit vertical addition.Offered with all technology, furnishings, and systems in place. Ideal for portfolio operators, multifamily investors seeking hospitality yields, or local owner-operators.
Virtual TourGeneral Features
- Property Type
- Commercial
- Status
- Active
- Year Built
- 1960
- Property Condition
- Resale
- Number of Stories
- 1
- Parking
- Common / Free Parking
- Lot Size (Acres)
- 0.49
- Total Sq Ft
- 6,869
- Structure Type
- Hotel Motel
- Water Source
- Well
- Zoning
- RO
Interior Features
- Flooring
- Laminate / Marble / Slate
Exterior Features
- Construction
- Block / Other
- Roof
- Other / Shingle
- Lot Features
- City Lot / Quarter To Half Acre Lot
Community & HOA
- Community Features
- Laundry Facilities
- Security
- Smoke Detectors / Security Fence
- Financing Terms
- Cash / Conventional
- MLS Area
- 3800
About the Area
Browse Fort Lauderdale homes for sale across every neighborhood and price point in Broward. Available homes span single-family, townhome, and condo segments throughout the city. Fort Lauderdale includes gated golf communities, 55+ active adult neighborhoods, waterfront estates, and newer master-planned subdivisions. HOA fees vary by community type, from modest maintenance fees in non-gated subdivisions to higher dues in full-amenity country clubs. The city sits within Broward, offering access to South Florida beaches, major employment centers, and healthcare hubs. For current Broward market data, see Florida Realtors' monthly statistics. Browse the latest Fort Lauderdale listings below. Then connect with a Pure Equity agent to schedule a private showing.
- Homes for Sale
- 3,588
- Median List Price
- $679,900
- Median $/Sq Ft
- $464
- Avg Days on Market
- 140
Frequently Asked Questions
- How do I schedule a tour of 505 SE 16th Street, Fort Lauderdale, FL 33316?
- Use the Tour button on this listing to request a showing of 505 SE 16th Street, Fort Lauderdale, FL 33316. 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 505 SE 16th Street, Fort Lauderdale, FL 33316 still available?
- 505 SE 16th Street, Fort Lauderdale, FL 33316 is currently listed as Active, and has been on the market 222 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 505 SE 16th Street, Fort Lauderdale, FL 33316?
- With 20% down ($1,120,000) on the $5,600,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 505 SE 16th Street, Fort Lauderdale, FL 33316 is about $29,430/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 505 SE 16th Street, Fort Lauderdale, FL 33316?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 505 SE 16th Street, Fort Lauderdale, FL 33316. 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 505 SE 16th Street, Fort Lauderdale, FL 33316?
- Often, yes. The right offer on 505 SE 16th Street, Fort Lauderdale, FL 33316 depends on how it's priced against comparable commercial 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 Optimar 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 June 23, 2026.
$5,600,000
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Listed by Rosa Poler, Optimar International Realty
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Recent Sales
Recently sold homes in ZIP 33316
These are the last 6 recorded closings in ZIP 33316, with the price each home actually sold for rather than what it was listed at. They closed at a median of $438 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.
Sold$1,170,000
Sold · October 2, 2026
1817 SE 25 Avenue
4 bed · 2.5 bath · 2,529 sqft · $463/sqft
$105,000 under the asking price
Sold$680,000
Sold · October 1, 2026
721 SE 12th Court 4
3 bed · 3.5 bath · 2,005 sqft · $339/sqft
$39,000 under the asking price
Sold$1,175,000
Sold · September 30, 2026
1595 S Ocean Lane 182
2 bed · 2 bath · 1,273 sqft · $923/sqft
$75,000 under the asking price
Sold$4,740,000
Sold · September 25, 2026
811 SE 16th Street
0 bed · 22 bath
$60,000 under the asking price
Sold$1,120,000
Sold · September 24, 2026
216 SE 10th Street
4 bed · 3 bath · 2,556 sqft · $438/sqft
$179,000 under the asking price
Sold$280,000
Sold · September 23, 2026
1535 SE 15TH Street 305
2 bed · 2 bath · 977 sqft · $287/sqft
$45,000 under the asking price
See every recorded sale in ZIP 33316 or find out what your ZIP 33316 home is worth.
