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

Property Details for 4213 El Mar Dr

Year built

1954

Property type

Specialty properties

Property subtype

Other specialty properties

Description

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.

Location Insight

City

Lauderdale-by-the-Sea

County

Broward

State

Florida

Latitude

26.1863

Longitude

-80.0965

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