520 SE 5th Avenue # 3404, Fort Lauderdale FL 33301 | Broward County

1
Bedroom

1
Bathroom

786 Sq Ft
Area Size

520 SE 5th Avenue # 3404, Fort Lauderdale FL 33301 | Broward County | F10503565

$315,000

Description

THREE UNIT CONDO PORTFOLIO LAS OLAS BY THE RIVER RARE OPPORTUNITY IN FORT LAUDERDALE’S MOST DEPENDABLE RENTAL DISTRICT UNLOCK A HIGH-PREFORMING, LOW MAINTENANCE INVESTMENT IN THE HEART OF DOWNTOWN FORT LAUDERDALE. THIS THREE CONDO PACKAGE AT LAS OLAS BY THE RIVER DELIVERS THREE STABILIZED UNITS-ALL LEASED ALL PRODUCING INCOME FROM DAY ONE PREMIUM 33301 LOCATION, STEPS TO RIVERWALK COURTHOUSE AND BUSINESS DISTRICT.STRONG RENTAL VELOCITY PROFESSIONALS, EXECUTIVES, AND LONG-TERM TENANTS DOMINATE THE BUILDING. AMENITY RICH COMMUNITY-RESORT POOL, FITNESS CENTER, SECURE GARAGE PARKING. 2001 CONSTRUCTION OPERATIONAL EFFICIENCY, THREE UNITS IN ONE COMMUNITY=STREAMLINED. LAS OLAS BY THE RIVER SITS IN THE MOST WALKABLE LIFESTYLE, STEPS AWAY FROM WATERFRONT RECREATION, NIGHTLIFE. TENANTS PAY A PREMIUM TO LIVE HERE—EVERYTHING IS AT THEIR DOORSTEP. THIS IS THE SUBMARKET WHERE RENTS RISE FIRST AND FALL LAST.

Property Overview

This is a 1-bedroom, 1-bath home of about 786 square feet at 520 SE 5th Avenue # 3404, Fort Lauderdale FL 33301 (Fort Lauderdale 33301), listed at $315,000.

Monthly Costs, Stated Plainly

The monthly HOA fee is $895.

The tax of record is $5,557 (2024). As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Broward rate near 2.1%: without homestead, about $6,620/yr (≈ $552/mo); with the homestead exemption on a primary residence, about $5,560/yr (≈ $463/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 520 SE 5th Avenue #3404 is listed at $315,000 and is offered unfurnished. Fixtures and built-in appliances convey with the property, while community amenities—including a billiard room, business center, multiple pools (one private), spa, and kitchen facilities—are shared through the HOA. To confirm specifics or schedule a viewing, contact Christopher Lazaro, Fort Lauderdale Real Estate Expert, for personalized guidance.

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

520 SE 5th Avenue #3404 is situated in Fort Lauderdale 33301, along the city's coastal corridor, offering proximity to waterfront amenities and urban conveniences. The location provides easy access to major thoroughfares, dining, and cultural attractions while maintaining a residential feel. For precise insights on this unit or the neighborhood’s dynamics, contact Christopher Lazaro, Fort Lauderdale Real Estate Expert, to discuss your priorities.

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

The monthly HOA fee for 520 SE 5th Avenue #3404 is $895, which includes maintenance of common areas as reflected in the building's records. This vibrant downtown community also adheres to Fort Lauderdale's municipal ordinances, which you can review here. For a detailed breakdown of amenities or to discuss how these fees align with your budget, contact Christopher Lazaro, Fort Lauderdale Real Estate Expert, for personalized guidance.

What are the property taxes and homestead implications?

Property taxes for 520 SE 5th Avenue #3404 are reassessed upon sale under Florida law. The tax of record is $5,557 (2024), but as an ESTIMATE ONLY — using a Broward rate near 2.1% — taxes at the $315,000 list price would approximate $6,620/yr (≈ $552/mo) without homestead. Florida's homestead exemption, which lowers taxable value for primary residences only, could reduce this to about $5,560/yr (≈ $463/mo). These are estimates, not quotes — confirm with the Broward Property Appraiser and your tax professional.

For precise figures and guidance tailored to your situation, contact Christopher Lazaro, Fort Lauderdale Real Estate Expert, to discuss this property’s financial nuances.

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

520 SE 5th Avenue #3404 is in Flood Zone AE, a high-risk area where lenders typically require flood insurance. Flood zones, defined by FEMA, assess a property's likelihood of flooding—Zone AE indicates a 1% annual chance of flooding and a 26% chance over a 30-year mortgage. Learn more about flood zones or view the FEMA flood map for this address. For precise insurance estimates and mitigation strategies, contact Christopher Lazaro, Fort Lauderdale Real Estate Expert, to discuss your options.

Are pets allowed?

Since this is a single-family home at 520 SE 5th Avenue #3404, there’s no condo or HOA board restricting pets—ownership or leasing terms determine the policy, within local regulations. Documented service animals and emotional support animals (ESAs) are protected under federal law. For clarity on current leasing terms or city ordinances, contact Christopher Lazaro, Fort Lauderdale Real Estate Expert, to confirm details before proceeding.

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

The $315,000 list price reflects a tailored CMA for 520 SE 5th Avenue #3404, weighing recent downtown Fort Lauderdale condo sales and this building’s unique amenities. While Broward single-family homes are currently closing at 96% of original list (MIAMI REALTORS®, May 2026), condo negotiations here hinge on factors like unit upgrades and current inventory—let’s review a fresh CMA for your strategy. Connect with Christopher Lazaro, Fort Lauderdale Real Estate Expert, to verify comps and craft a competitive offer.

What financing step do you recommend before touring?

Before touring 520 SE 5th Avenue #3404, I strongly recommend securing a pre-approval from a Florida Licensed Mortgage Loan Officer. This clarifies your budget and strengthens your position in Fort Lauderdale’s competitive market, especially for this $315,000 condo. Once pre-approved, reach out to me, Christopher Lazaro, Fort Lauderdale Real Estate Expert, to schedule a showing—I’ll ensure every detail aligns with your goals.