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701 NE 1st Street, Fort Lauderdale, FL 33301 (MLS# F10536951)

701 NE 1st Street, Fort Lauderdale, FL 33301

$1,200,000
Property Type: Land & Docks Lot Size (sq. ft.): 6,750 Status: Active
Current Price: $1,200,000 List Date: 11/14/2025 Last Modified: 4/27/2026

Overview

Description

Prime opportunity for developers and builders seeking a strong infill project in Las Olas. Proven high-demand area! This 7,000 SQFT corner lot (140' x 50') in Victoria Park is zoned RMM-25, allowing a single-family residence, two single-family homes, or up to four three-story townhomes. The existing wood-frame structure has no contributory value and is best viewed as a teardown, giving a clean slate for new construction. This parcel offers flexible zoning, efficient lot dimensions, and strong long-term resale potential for both end-users and investors. Its position within an established, high-performing market enhances project feasibility and exit strategies. Ideal site for builders aiming to maximize yield, design flexibility, and ROI on a rare redevelopment opportunity.

Listing Details MLS# F10536951

General Property Information

Property Sub Type
Unimproved Land
Number Of Lots
Yes
Lot Size Acres
0.16
Lot Size Square Feet
6750
Lot Size Dimensions
140 x 50
Direction Faces
South
LP/Assessed Value
1.5
LP/SqFt
177.78

Property Features

Current Use: Residential; Unimproved; Other Development Status: Other Possession: Close Of Escrow; Negotiable Possible Use: Single Family Sewer: Public Sewer Trees: Other Listing Terms: Cash Water Source: Public Showing Requirements: Showing Service; See Remarks Elevation Description: 0-5 Feet Above Sea Level Acreage Description: Less Than 1/4 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
1300000
LP/Acre
7500000

Location and Legal

Country
United States
County Or Parish
Broward
County Parish Name
Broward
Street Number
701
Street Direction Prefix
NE
Street Name
1st
Street Suffix
Street
City Name
Fort Lauderdale
State Or Province
FL
Postal Code
33301
Postal Code +4
1609
Postal Zip
33301
Subdivision Name
Davis Add 3-28 D
Area
3270
Geographic Area
FTNE - Ft Lauderdale NE (3240-3270;3350-3380;3440-3450;3700)
Parcel Number
504202050260
Zoning
RMM-25
Directions
One block EAST of Federal Hwy, one block NORTH of Broward Blvd.

Financial Information

Tax Year
2024
Tax Annual Amount
6030
Tax Assessed/SOH Value
801380
Tax Legal Description
DAVIS ADD 3-28 D LOT 7 BLK 3
Assessor Market Value
801380
Estimated Monthly Assoc Recurring Fee
0

Status Change Information

Major Change Timestamp
2026-03-26T16:54:10Z
Major Change Type
Price Reduced
Price Change Timestamp
2026-03-26T16:54:10Z
Status Change Date
2025-11-14

More Information

Section Details

Parcel Number MLX
0260

Originating Details

Originating System Key
606605347
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Current Use

Residential
Yes
Unimproved
Yes
Other
Yes

Development Status

Other
Yes

Possession

Close Of Escrow
Yes
Negotiable
Yes

Possible Use

Single Family
Yes

Sewer

Public Sewer
Yes

Trees

Other
Yes

Listing Terms

Cash
Yes

Water Source

Public
Yes

Showing Requirements

Showing Service
Yes
See Remarks
Yes

Elevation Description

0-5 Feet Above Sea Level
Yes

Acreage Description

Less Than 1/4 Acre Lot
Yes
Less Than 1 Acre Lot
Yes
Listing Office: Keller Williams Realty Profess
IDX
Last Updated: April - 27 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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