131 42Nd CtPompano Beach, FL 33064

Property Details for 131 42Nd Ct

Property type

Residential income properties

Property subtype

Other land

Description

Prime 1.15-acre residential development land in Deerfield Beach, Florida, is available for $575,000. This exceptional opportunity encompasses five parcels totaling 50,261 square feet (1.15 acres) at 131 NW 42nd Ct, 111 NW 42nd Ct, 121 NW 42nd Ct, 4362 NW 1st Terrace, and 4462 NW 1st Terrace, all within Broward County, zip code 33064. The land is currently zoned for residential development and the City of Deerfield Beach has indicated a likelihood of approving RS-5 or RS-7 rezoning, allowing for the construction of approximately nine single-family homes. This presents a unique chance to capitalize on the area's consistent growth in property values and high average household income exceeding $88,000. The property boasts a peaceful neighborhood setting with convenient access to major roads and highways, and all essential utilities are readily available. The land's price per square foot is $13.47. This is an extremely rare opportunity given the limited supply of development land in Broward County. The property is a 15-minute drive from the Deerfield Beach Pier. This offering includes all five parcels, owned by a single entity, providing a streamlined acquisition process.

Location Insight

City

Pompano Beach

County

Broward

State

Florida

Latitude

26.2827

Longitude

-80.126

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