MOTIVATED SELLERS! Big price drop!! PRIME DEVELOPMENT OPPORTUNITY MINUTES FROM DOWNTOWN, PROGRESSO VILLAGE AND THE BEACH! This 10,142 sq ft lot, is a rare find in one of the most dynamic and rapidly transforming areas in the city. While the property includes an original 1946 bungalow, the true value lies in the land—ideal for a DEVELOPER or INVESTOR. The generous lot size ALLOWS FOR THE CONSTRUCTION OF UP TO 3 TOWNHOMES (cluster), making this a high-potential project. Exciting new developments nearby, including the huge development around the old Sears Town, signal major growth and increased value in the neighborhood. A survey is attached, and there is potential to add a portion of NE 12th Street to the property, increasing its appeal and usability.
For sale
Price cut: $56K (5/28)
$539,000
1201 NE 1st Ave, Fort Lauderdale, FL 33304
2beds
728sqft
Est.:
Single Family Residence
Built in 1946
10,142 Square Feet Lot
$-- Zestimate®
$740/sqft
$-- HOA
What's special
Generous lot size
- 89 days
- on Zillow |
- 67 |
- 2 |
Zillow last checked: 7 hours ago
Listing updated: May 28, 2025 at 08:00am
Listed by:
Grace Appleton 561-859-1658,
Coldwell Banker Realty
Source: MIAMI,MLS#: A11802955
Originating MLS: A-Miami Association of REALTORS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Other
Cooling
- Other
Appliances
- Included: Other
Features
- Other
- Flooring: Other, Wood
Interior area
- Total structure area: 920
- Total interior livable area: 728 sqft
Video & virtual tour
Property
Parking
- Parking features: Other
Features
- Stories: 1
- Exterior features: Room For Pool
- Pool features: R30-No Pool/No Water
- Has view: Yes
- View description: Garden
Lot
- Size: 10,142 Square Feet
- Features: Less Than 1/4 Acre Lot
- Residential vegetation: Fruit Trees
Details
- Parcel number: 494234033290
- Zoning: RD-15
- Other equipment: Other
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Frame
- Roof: Other
Condition
- Year built: 1946
Utilities & green energy
- Sewer: Public Sewer
- Water: Municipal Water
Community & HOA
Community
- Features: None, No Subdiv/Park Info
- Subdivision: Progresso
HOA
- Has HOA: No
Location
- Region: Fort Lauderdale
Financial & listing details
- Price per square foot: $740/sqft
- Annual tax amount: $1,689
- Date on market: 5/14/2025
- Listing terms: Cash
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