1 / 6901 NE 16th Pl, Fort Lauderdale FL 33305
Fort Lauderdale, FL
List Price
$600,000
Type
Single Family
Bedrooms
2
Bathrooms
1
Price / SqFt
$605/sqft
Price reduction
Distressed / value-add opportunity
Est. equity
-30%
Comp ARV
$574,000
Max offer
$333,603
From the listing
Tucked away on a quiet street, this property one of the largest lots in the neighborhood at 8,246 sq. ft., underground power, providing endless possibilities for customization. Located just minutes from the vibrant Wilton Drive and trendy Fat Village, you’ll enjoy easy access to top dining, shopping, and entertainment. In NE Fort Lauderdale, everything you need is within a 5–15-minute drive, including beaches, parks, and major highways. Build your dream home.
Property Information
- Square Feet
- 992
- Units
- 1
- Days on Market
- 618
- Status
- active
Location
- County
- Broward County
- Zip Code
- 33305
- Coordinates
- 26.1493, -80.1342
Represented by Academia
Academia Real Estate Corp can represent you on this property. Use the inquiry form to have a licensed broker reach out with full details and next steps.
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Why this deal
- 0% off original list price
- Value-add opportunity
- Represented end-to-end by Academia
- Active listing — move quickly
Deal Score
32/100
Thin
is scored →
~-30% estimated equity to comp-based ARV (full marks at 30%+). Estimate — verify comps + rehab.
0.0% off original list (full marks at 25%+).
618 days on market (full marks at 120+ — more time = more leverage).
Soft motivation language (value-add, motivated, tenant-occupied, cash-only).
A screen of the public MLS data we have — not an appraisal, valuation, or investment advice.
Deal scorecard
How four stakeholders read this deal
Risks
- Negative estimated equity — buying above estimated ARV, verify comps
- Flood zone AE — mandatory flood insurance required (NFIP or private); adds to carrying cost
- Permit history limited outside Fort Lauderdale in Broward — verify open permits with the AHJ
What a super-investor sees
Investor
Investor equity estimate based on ARV from closed MLS comps minus list price and estima…
- Negative estimated equity — buying above estimated ARV, verify comps
What a bank sees
Lender / financing
Lender financeability estimate based on list price, ARV, and condition signals. Not a f…
- conventional financing unlikely; cash or hard-money only
- thin equity — lender-unfriendly LTV (≈ 105% of ARV)
What an insurer sees
Insurance / 4-point
insurability v1. Broward is entirely within the HVHZ (High-Velocity Hurricane Zone) — r…
- Flood zone AE — mandatory flood insurance required (NFIP or private); adds to carrying cost
What a GC / AHJ sees
Permits / condition
Permit data from Broward permit records (Fort Lauderdale coverage; other cities limited…
- Permit history limited outside Fort Lauderdale in Broward — verify open permits with the AHJ
4-point — last permit
- Roofnone
- Electricalnone
- Plumbingnone
- HVACnone
Estimates from public data — not an appraisal, insurance quote, or financing commitment. Insurability as of 2026-07-24. Verify with licensed professionals.
Deal calculator
Value-add deal calculator
901 NE 16th Pl, Fort Lauderdale FL 33305, Fort Lauderdale, FL
Comp-based ARV — 8 closed comp(s), high confidence.
Recommended max offer
$330,800
Room vs list (above list)
$269,200
Est. equity
-$170,730
-30% of ARV, at list
ROC at list
-23%
Est. all-in at list
$744,730
list + rehab + txn + carry
70% rule MAO
$330,800
Estimates only — not investment advice or an offer. ARV is drawn from recent closed comps; rehab from a rate-card range. Verify ARV, rehab, and all costs with a licensed professional before acting.
The comps behind the ARV
$574,000 after-repair value
5 recent closed sales nearby · high confidence · range $512,000–$580,000
| Closed sale | Close $ | $/sqft | Date |
|---|---|---|---|
| 1701 NE 16th Avenue, Fort Lauderdale FL 33305renovated0.4 mi | $687,500 | $579 | 2026-05-28 |
| 1636 NE 17th Terrace, Fort Lauderdale FL 33305renovated0.6 mi | $667,000 | $585 | 2026-07-01 |
| 1617 NE 8th Avenue, Fort Lauderdale FL 33305renovated | $500,000 | $420 | 2026-05-20 |
| 37 NE 26th Street, Wilton Manors FL 33305renovated | $575,000 | $516 | 2026-05-15 |
| 1009 NE 16th Place, Fort Lauderdale FL 33305renovated | $568,000 | $578 | 2026-04-13 |
Comparable data, not an appraisal. ARV is the median closed $/sqft of these comps applied to this home's size. Verify condition, location, and adjustments independently.