What is the asking price and what does it include?

The list price for 5920 NE 1st Ter, Oakland Park FL 33334 is $550,000. The property is a Single Family Residence with 4 bedrooms, 2 bathrooms, approximately 1560 square feet of living space, on a — lot. List price reflects the home and customarily-attached fixtures; it does not include furniture, art, or detached personal property unless explicitly listed in contract. Final inclusions are determined by the executed purchase contract, not by this page. Contact us if you want a written inclusions/exclusions schedule before drafting an offer.

Where exactly is it, and what is the neighborhood like?

The property sits at 5920 NE 1st Ter, Oakland Park FL 33334 in Oakland Park, 33334. Coordinates are approximately , . Walkability, transit, distance to beach or bay, and traffic patterns vary block by block and are best evaluated in person; visit at both a weekday rush hour and a weekend afternoon before writing an offer. We do not characterize neighborhoods by demographic composition — Fair Housing Act constraints we take seriously. We will gladly provide objective data on request: distance to nearest grocery, hospital, marina, public school, and major roadway.

What are the property taxes and any homestead implications?

Miami-Dade County real-estate taxes are administered by the Miami-Dade Property Appraiser (current assessment + tax-bill data at https://www.miamidade.gov/pa/property_search.asp). A new buyer's tax bill resets based on the sale price and the buyer's own exemption status; the first full tax bill after purchase is often meaningfully higher than the seller's prior bill. Florida's Homestead Exemption reduces the taxable value for a primary residence — eligibility requirements and filing windows are published at https://www.miamidade.gov/pa/exemptions_homestead.asp. The statewide Florida Department of Revenue property-tax reference is at https://floridarevenue.com/property/.

Is it in a flood zone, and what does that mean for insurance?

Authoritative flood-zone designation for any U.S. address is published by FEMA on the National Flood Hazard Layer at https://msc.fema.gov/portal/home. Coastal South Florida includes properties in multiple flood-risk zones (AE, V, VE, X). Lenders typically require flood insurance in high-risk zones. The FEMA Risk Rating 2.0 methodology (premiums based on elevation, construction type, claims history, distance to water) is documented at https://www.fema.gov/flood-insurance/risk-rating. Florida-specific flood-insurance program data is at https://floridarevenue.com/.

How do you determine the list price?

We analyze recent comparable sales in Oakland Park — similar properties in size, condition, and location that sold within the last three to six months. This Comparative Market Analysis (CMA) helps ensure 550,000 reflects current market value. For a personalized CMA on a specific property or to discuss listing strategy, contact us directly.

How long does it typically take to close on this property?

Most Florida real estate transactions close in 30–45 days from accepted offer, assuming timely financing, inspections, and HOA or condominium questionnaire responses. Condominium sales may take longer if SB-4D structural reports or association approvals are needed. We manage the timeline closely to avoid delays. Contact us for a detailed closing checklist tailored to 5920 NE 1st Ter, Oakland Park FL 33334.

What financing step do you recommend before touring?

Get pre-approved by a licensed lender before making an offer. A pre-approval letter shows sellers you are a serious buyer and can close. In Florida's competitive market, it is often a practical requirement. We work with trusted local lenders who understand Miami-Dade specifics like flood-zone implications and condominium-warrantability requirements. Call us for lender referrals.

5920 NE 1st Ter, Oakland Park FL 33334 | Broward County

Residential Active

5920 NE 1st Ter, Oakland Park FL 33334 | Broward County | A12030561

$550,000

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!

Address

Open on Google Maps

Address: 1st Ter
City: Oakland Park
State/county: Broward County
Zip/Postal Code: 33334
Area: PATTERSON PARK 2 ADD

Details

Updated on June 3, 2026 at 6:04 pm

Property ID A12030561
Price $550,000
Property Size 1560 Square Feet
Bedrooms 4
Bathrooms 2
Garage 0
Year Built 1965
Type Single Family Residence
Property Status Residential

Additional details

ArchitecturalStyle Detached, One Story
BathroomsFull 2
BathroomsHalf 0
BuildingAreaTotal 1632
BuildingAreaUnits Square Feet
BuildingName PATTERSON PARK 2 ADD
CarportSpaces 0
CommunityFeatures Paved Road
ConstructionMaterials Concrete Block Construction
ContractStatusChangeDate 2026-06-03
Cooling Ceiling Fan(s), Electric
CoveredSpaces 0
DaysOnMarket 0
DirectionFaces East
Directions Use your google maps
ElementarySchool North Andrews Gardens
ExpirationDate 2027-06-02
Fencing Fenced
Flooring Tile
Heating Other
HighSchool Northeast
InternetAddressDisplayYN 1
InternetAutomatedValuationDisplayYN 1
InternetConsumerCommentYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 954-695-4645
ListingTerms All Cash, Conventional, FHA
LotFeatures 1/4 To Less Than 1/2 Acre Lot
LotSizeSquareFeet 6000
MLSAreaMajor Patterson Park 2 Add
MajorChangeTimestamp June 3, 2026 at 08:55pm
MajorChangeType New
MiddleOrJuniorSchool James S. Rickards
MlsStatus Active
ModificationTimestamp June 3, 2026 at 09:10pm
OnMarketDate 2026-06-03
OriginalEntryTimestamp June 3, 2026 at 08:55pm
OriginalListPrice 550000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 494210090320
ParkingFeatures Driveway
PhotosCount 0
PostalCode 33334
PostalCodePlus4 1816
PriceChangeTimestamp June 3, 2026 at 08:55pm
PublicSurveyRange 49
PublicSurveySection 10
PublicSurveyTownship 49
Roof Shingle
RoomsTotal 0
Sewer Public Sewer
ShowingInstructions 24 Hour Notice
SourceSystemKey 504305219
StateOrProvince FL
StatusChangeTimestamp June 3, 2026 at 08:55pm
StreetDirPrefix NE
StreetName 1st Ter
StreetNumber 5920
StreetNumberNumeric 5920
StructureType R30-No Pool/No Water, House
SyndicationRemarks 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!
TaxAnnualAmount 8475
TaxLegalDescription PATTERSON PARK 2 ADD 54-2 B LOT 4 BLK 12
TaxYear 2025
View Garden
WaterSource Municipal Water
YearBuiltDetails Resale
Zoning R-1B