For Sale
$3,750,000

4213 El Mar DrLauderdale-by-the-Sea, FL 33308

Beachfront Hotel, Updated Units, Great ROI

Overview

Added:
Dec 11, 2024
Days on market:
116
This unique investment opportunity presents a fully renovated boutique hotel in the desirable Lauderdale-by-the-Sea, Florida. Located at 4213 El Mar Drive, this property boasts a prime beachfront location, offering easy access to shops, restaurants, and vibrant nightlife. Built in 1954 and completely updated, the hotel comprises a diverse mix of units designed for optimal occupancy. The configuration includes one one-bedroom, one-bathroom unit with a full kitchen; two studio units, each with a kitchen; and three two-bedroom units, all featuring full kitchens. Every unit is equipped with either split AC units or full-unit air conditioning systems. One unit features a spacious deck overlooking El Mar Drive, providing stunning views. Currently operating as a long-term rental property, this hotel presents a strong potential for immediate income generation and future appreciation. The property is situated in Broward County, Florida, with a zip code of 33308. The lot size is not specified. This is an exceptional opportunity to acquire a well-maintained, income-producing hotel in a highly sought-after coastal location. The asking price for this exceptional property is $3,750,000.

Highlights

  • $3,750,000 asking price.
  • Special purpose property.
  • 1954 year built.
  • 0 sq ft lot size.
  • Located at 4213 El Mar Drive, Lauderdale-by-the-Sea, FL 33308.
  • Boutique hotel with a mix of one-bedroom, studio, and two-bedroom units, all with kitchens and A/C.

Property Details for 4213 El Mar Dr

Property type
Specialty properties
Year Built
1954

Location Insight

City
Lauderdale-by-the-Sea
County
Broward
State
Florida
Latitude
26.1863406
Longitude
-80.0964722
4213 El Mar Dr, Lauderdale-by-the-Sea, Florida

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4213 El Mar Dr
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