5920 NE 1st Ter, Oakland Park FL 33334 | Broward County | A12030561
- $500,000
- $500,000
Description
This beautifully Updated property has NO HOA and offers excellent flexibility and income potential. Originally configured as a 4 bedroom, 2 bathroom home, it has been thoughtfully divided into a spacious 3 bedrooms 1 bath main residence and a large, fully updated 1 bedroom 1 bath studio. perfect for investors or owner occupants seeking rental income, this property provides an outstanding opportunity to maximize cash flow while enjoying a prime location. Don’t miss this unique opportunity in one of Oakland park’s most desirable neighborhoods.
All ages and pets are welcome!
Property Overview
This is a 4-bedroom, 2-bath home of about 1560 square feet at 5920 NE 1st Ter, Oakland Park FL 33334 (Oakland Park 33334), listed at $500,000.
Monthly Costs, Stated Plainly
This home has no mandatory HOA (single-family / no association on record).
The tax of record is $8,475 (2025). As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $10,000/yr (≈ $833/mo); with the homestead exemption on a primary residence, about $9,000/yr (≈ $750/mo). Confirm with the Miami-Dade 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 list price for 5920 NE 1st Ter, Oakland Park FL 33334 is $500,000. With this property, fixtures and built-in appliances generally convey with the home. However, the furnished status is not stated on the record, so it should be confirmed what, if any, furniture or personal items convey. Community or on-site amenities are available, but specifics can be provided on request. It's essential to distinguish between what conveys with the home and what is shared through the HOA, such as common areas or recreational facilities.
To verify the details of what conveys with this home, including any potential furnishings or community amenities, and to discuss your interests in 5920 NE 1st Ter, contact Christopher Lazaro, Oakland Park Real Estate Broker Associate, to schedule a consultation and review the property's specifics, ensuring you have a clear understanding of what is included in the $500,000 list price.
Where exactly is it, and what should I know about the location?
The property at 5920 NE 1st Ter is located in Oakland Park, FL 33334, situated along the coastal corridor of eastern Broward County. This location places the property near the city's amenities and services. The property itself is a 4-bedroom, 2-bathroom residence with approximately 1,560 square feet of living space, listed at $500,000.
To verify the details of this listing and learn more about the surrounding area, contact Christopher Lazaro, Oakland Park Real Estate Broker Associate, to schedule a viewing or discuss the property's features and potential fit for your needs. You can reach out to him to ask questions, request additional information, or explore the property in person to determine if it is the right fit for you.
What are the HOA / association fees, and what do they cover?
The property at 5920 NE 1st Ter, Oakland Park, FL 33334 is a single-family home with no mandatory HOA, meaning the owner is responsible for handling their own utilities and upkeep. As a result, there are no association fees to consider. While there is no HOA, the property is still subject to city ordinances, which can be found in the municipal code.
To verify the details of this property and understand the responsibilities of ownership, contact Christopher Lazaro, Oakland Park Real Estate Broker Associate, to discuss your interests and ensure you have all the necessary information to make an informed decision about this $500,000, 4bd/2ba ~1560 sqft home.
What are the property taxes and homestead implications?
The property taxes for 5920 NE 1st Ter, Oakland Park FL 33334, listed at $500,000, can be estimated in two ways. As an ESTIMATE ONLY, without homestead, the annual property tax would be about $10,000/yr (approximately $833/mo), and with the homestead exemption on a primary residence, the annual property tax would be about $9,000/yr (approximately $750/mo), since Florida's homestead exemption lowers the taxable value only for a primary residence. The tax of record is $8,475 (2025), but Florida reassesses at sale, and these estimates are based on a rate near 2.0%. These are estimates, not quotes, and it is recommended to confirm with the Miami-Dade Property Appraiser and a tax professional.
To verify the details and get a more accurate understanding of the property taxes and homestead implications for this property, reach out to Christopher Lazaro, Oakland Park Real Estate Broker Associate, who can provide guidance and help you navigate the process of purchasing 5920 NE 1st Ter, Oakland Park FL 33334.
Is the home in a flood zone, and what does that mean?
The property at 5920 NE 1st Ter, Oakland Park FL 33334 is located in a flood zone, which is an area designated by the Federal Emergency Management Agency (FEMA) as being at high risk for flooding. To understand what this means, you can visit the FEMA definitions of flood zones. For specific information about this property, you can View the FEMA flood map for this address. Lenders often require flood insurance for properties in high-risk zones, which can impact the cost of owning the home.
If you're considering purchasing this $500,000, 4bd/2ba ~1560 sqft home, it's essential to verify the flood zone designation and understand the implications. To get accurate information and discuss your options, contact Christopher Lazaro, Oakland Park Real Estate Broker Associate, to review the details of this property and determine the best course of action for your situation.
Are pets allowed?
As a single-family home, the property at 5920 NE 1st Ter, Oakland Park FL 33334, listed at $500,000, does not have a governing board that dictates pet policy. Instead, pet ownership is at the owner's discretion, subject to city and county ordinances, as well as any lease that may be in place. Documented service animals and ESAs carry separate federal protections. To confirm the specifics of pet ownership for this 4bd/2ba ~1560 sqft property, contact Christopher Lazaro, Oakland Park Real Estate Broker Associate, to discuss your individual circumstances and verify the details.
Reach out to Christopher Lazaro to schedule a viewing and determine if this property meets your needs, including any pet-related considerations.
How is the price set and is there room to negotiate?
Miami-Dade single-family homes have recently been closing at 95% of original list, around 41 days to contract, according to MIAMI REALTORS®, May 2026. This suggests that there is some room for negotiation in the current market. The listing price of $500,000 for 5920 NE 1st Ter, a 4bd/2ba ~1560 sqft property in Oakland Park, is set based on its specific characteristics and the local market conditions. A comparative market analysis (CMA) for this building and vicinity would provide a more detailed understanding of the property's value. To get a better sense of the property's worth and to discuss potential negotiation strategies, it's recommended to review an Oakland Park-specific CMA before setting an offer.
To verify the details of this property and to explore negotiation options, contact Christopher Lazaro, Oakland Park Real Estate Broker Associate, to schedule a consultation and receive a customized CMA for 5920 NE 1st Ter, listed at $500,000. Reach out to him to discuss how to proceed with your offer and ensure you're making an informed decision in the purchase of this Oakland Park property.
What financing step do you recommend before touring?
To ensure a smooth home buying process, it's recommended that you get pre-approved for a mortgage before touring properties like 5920 NE 1st Ter, listed at $500,000. Speaking with a Florida-licensed Mortgage Loan Originator (MLO) can help you understand your financing options and determine a comfortable price range for your purchase. You can start this process by visiting https://Get-PreApproved.com to get pre-approved.
Once you have a clear understanding of your financing, you can contact Christopher Lazaro, Oakland Park Real Estate Broker Associate, to verify the details of this property, including its 4 bedrooms, 2 bathrooms, and approximately 1560 square feet of living space, and schedule a tour at your convenience.
Monthly Fees & Carrying Costs
- Membership Required: No
Have a question about this Oakland Park listing?
Talk directly with Christopher Lazaro, your Oakland Park real estate advisor. No pressure — real answers.
Address
Open on Google Maps-
Address: 1st Ter
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City: Oakland Park
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State/county: Broward County
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Zip/Postal Code: 33334
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Area: PATTERSON PARK 2 ADD
Details
Updated on August 3, 2026 at 11:41 am-
Property ID A12030561
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Price $500,000
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Property Size 1560 Sq Ft
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Bedrooms 4
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Room 0
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Bathrooms 2
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Garage 0
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Year Built 1965
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Type Single Family Residence
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Property Status Active, Residential
Additional details
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Flooring Tile
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Bedroom Features Entry Level
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Cooling Ceiling Fan(s), Electric
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Association Type None
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Building PATTERSON PARK 2 ADD
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Area Patterson Park 2 Add
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Annual Tax 8475
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Association No
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Elementary School North Andrews Gardens
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Private Pool No
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Listing Terms All Cash, Conventional, FHA
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Waterfront No
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Full Bathrooms 2
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Subdivision PATTERSON PARK 2 ADD
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Restrictions No Restrictions
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Parking Driveway
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Heating Other
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Structure Type R30-No Pool/No Water, House
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Tax Year 2025
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Construction Concrete Block Construction
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Building Area 1632
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Covered Spaces 0
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Middle School James S. Rickards
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View Garden
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Year Built Details Resale
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High School Northeast
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Pets Allowed Yes
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Half Bathrooms 0
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Flood Zone AE
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New Construction No
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Garage Spaces 0
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Style R30-No Pool/No Water
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Lot Size (Sq Ft) 6000
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Membership Purchase Required No
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