5 NE 16th Ct, Fort Lauderdale FL 33305 | Broward County | A11968537
  • $1,020,000

Description

BEST INVESTMENT PORTFOLIO IN FORT LAUDERDALE!! CONSISTS OF TWO 5 bed 2 bath UNITS.CURRENTLY RENTED AT TOP PRICE!! JUST BUY AND START RECEIVING YOUR MONTHLY CASHFLOW!! SHOWINGS WILL ONLY BE DONE ONCE UNDER CONTRACT.
OWNER COULD FINANCE WITH 50% DOWN

Property Overview

This is a -bedroom, -bath home of about 2829 square feet at 5 NE 16th Ct, Fort Lauderdale FL 33305 (Fort Lauderdale 33305), listed at $1,020,000.

Monthly Costs, Stated Plainly

This home has no mandatory HOA (single-family / no association on record).

The tax of record is $11,570 (2025). As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Broward rate near 2.1%: without homestead, about $21,420/yr (≈ $1,785/mo); with the homestead exemption on a primary residence, about $20,370/yr (≈ $1,698/mo). Confirm with the Broward Property Appraiser and a tax professional — these are estimates, not quotes.

Frequently Asked Questions

What is the list price, and what typically conveys with a home like this?

The home at 5 NE 16th Ct is listed at $1,020,000. While the MLS does not specify furnished status, fixtures and built-in appliances generally convey with the home—always confirm specifics before proceeding. Community amenities, if any, would be shared through the HOA and not part of the home itself. For precise details on what’s included or to discuss this property further, contact Christopher Lazaro, Fort Lauderdale Real Estate Agent, directly.

Where exactly is it, and what should I know about the location?

This home at 5 NE 16th Ct is situated in Fort Lauderdale 33305, a prime coastal corridor location just minutes from the Intracoastal Waterway and downtown’s vibrant dining and cultural hubs. The neighborhood offers walkable access to George English Park and Sunrise Boulevard’s conveniences, blending tranquility with urban accessibility. For precise insights on local market dynamics or to schedule a private tour, contact Christopher Lazaro, Fort Lauderdale Real Estate Agent, directly.

What are the HOA / association fees, and what do they cover?

This charming single-family home at 5 NE 16th Ct has no mandatory HOA—you won't find association fees or restrictive covenants here. The owner handles all utilities, landscaping, and exterior upkeep, offering full autonomy while still adhering to Fort Lauderdale's city ordinances. For peace of mind on zoning or local regulations, connect with Christopher Lazaro, Fort Lauderdale Real Estate Agent, to review the details before you write an offer.

What are the property taxes and homestead implications?

The property tax of record for 5 NE 16th Ct is $11,570 (2025), but Florida reassesses taxes at sale. As an ESTIMATE ONLY — using a Broward rate near 2.1% — taxes at the $1,020,000 list price would be approximately $21,420/yr (≈ $1,785/mo) without homestead, or $20,370/yr (≈ $1,698/mo) with Florida's homestead exemption, which reduces taxable value for primary residences only. These are estimates, not guarantees — always confirm with the Broward Property Appraiser and a tax specialist.

For precise figures tailored to your situation, contact Christopher Lazaro, Fort Lauderdale Real Estate Agent, who can guide you through homestead eligibility and tax implications.

Is the home in a flood zone, and what does that mean?

This home at 5 NE 16th Ct is in a moderate-risk flood zone (Zone X, per FEMA's flood zone definitions), meaning flooding is possible but less likely than high-risk areas. You can view the FEMA flood map for this address to confirm details. While lenders may not require flood insurance here, I always recommend reviewing coverage options—let’s discuss your concerns with Christopher Lazaro, Fort Lauderdale Real Estate Agent, for tailored guidance.

Are pets allowed?

As a single-family home at 5 NE 16th Ct, Fort Lauderdale, this property has no HOA or condo restrictions—pet policies are entirely at the owner's discretion, guided only by local ordinances or lease terms. Documented service animals and emotional support animals (ESAs) are protected under federal law. For clarity on current arrangements or to discuss this $1,020,000 home, contact Christopher Lazaro, Fort Lauderdale Real Estate Agent, directly.

How is the price set and is there room to negotiate?

In Broward's current market, single-family homes are closing at 96% of original list price, with an average of 35 days to contract (MIAMI REALTORS®, May 2026). For 5 NE 16th Ct, we anchored the $1,020,000 list price to a comparative market analysis (CMA) of recent Fort Lauderdale sales—let’s review those hyperlocal comps together before drafting an offer. To discuss negotiation strategy or verify adjustments, reach out to Christopher Lazaro, Fort Lauderdale Real Estate Agent, for a confidential consultation.

What financing step do you recommend before touring?

Before touring 5 NE 16th Ct, I strongly recommend securing a pre-approval from a Florida Licensed Mortgage Loan Originator. This ensures you’re financially prepared to act on this $1,020,000 property and clarifies your budget upfront. For personalized guidance or to verify details, reach out directly to Christopher Lazaro, Fort Lauderdale Real Estate Agent — he’ll prioritize your best interests every step of the way.

Have a question about this Fort Lauderdale listing?

Talk directly with Christopher Lazaro, your Fort Lauderdale real estate advisor. No pressure — real answers.

  • Address: 16th Ct
  • City: Fort Lauderdale
  • Zip/Postal Code: 33305

Details

Updated on July 5, 2026 at 6:46 am
  • Property ID A11968537
  • Price $1,020,000
  • Property Size 2829 Sq Ft
  • Year Built 1975
  • Property Status Active, Residential Income

Additional details

  • Flooring Ceramic Floor
  • Cooling Central Air
  • Association Type None
  • Building PLACIDO PLACE
  • Area Placido Place
  • Annual Tax 11570
  • Association No
  • Private Pool No
  • Listing Terms All Cash, Conventional
  • Waterfront No
  • Subdivision PLACIDO PLACE
  • Total Stories 2
  • Heating Central
  • Structure Type Duplex
  • Tax Year 2025
  • Construction Concrete Block With Brick
  • Building Area 2829
  • Year Built Details Resale
  • Flood Zone AH
  • New Construction No
  • Style Duplex
  • Lot Size (Sq Ft) 0

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