701 NE 1st Street
Fort Lauderdale, FL 33301
6,750Sqft(Lot)
Prime opportunity for developers and builders seeking a strong infill project in Las Olas. Proven high-demand area! This 7,000 SQFT corner lot (140' x 50') in Victoria Park is zoned RMM-25, allowing a single-family residence, two single-family homes, or up to four three-story townhomes. The existing wood-frame structure has no contributory value and is best viewed as a teardown, giving a clean slate for new construction. This parcel offers flexible zoning, efficient lot dimensions, and strong long-term resale potential for both end-users and investors. Its position within an established, high-performing market enhances project feasibility and exit strategies. Ideal site for builders aiming to maximize yield, design flexibility, and ROI on a rare redevelopment opportunity.
Property Details
Map
Map
Features
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Lot Information
Main Square Feet: 6750 Lot Size Acres: 0.16 Lot Size Square Feet: 6,750 Lot Description: LessThanOneAcre,LessThanQuarterAcreProperty Information
Subdivision: Davis Add 3-28 D Source Property Type: Land MLS Area Minor: Ft Ldale NE (3240-3270;3350-3380;3440-3450;3700) Postal Code Plus 4: 1609 Zoning Description: RMM-25 Property SubType: Unimproved Land Direction Faces: South
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Listing Price Information
Listing Price: $1200000Original Price: $1300000Cash
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Tax Information
Parcel Number: 504202050260 Tax Year: 2024 Annual Tax: $6030 Tax Legal Desc: DAVIS ADD 3-28 D LOT 7 BLK 3
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Location Information
Direction: One block EAST of Federal Hwy, one block NORTH of Broward Blvd. WaterSource: Public
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 416 Coconut Isle Dr, Fort Lauderdale, FL, 33301 | $3,595,000 | -- | -- | -- | 9,375 Sqft(Lot) |
| 615 SE 7th St, Fort Lauderdale, FL, 33301 | $950,000 | -- | -- | -- | 6,150 Sqft(Lot) |
| 2617 Aqua Vista Boulevard, Fort Lauderdale, FL, 33301 | $12,900,000 | -- | -- | -- | Acres (Lot)-- |
| 1000 Riviera Isle Drive, Fort Lauderdale, FL, 33301 | $29,950,000 | -- | -- | -- | Acres (Lot)-- |
| 646 Flamingo-a Drive, Fort Lauderdale, FL, 33301 | $3,950,000 | -- | -- | -- | Acres (Lot)-- |
| 310 Coral Way, Fort Lauderdale, FL, 33301 | $3,850,000 | -- | -- | -- | Acres (Lot)-- |
| 455 Bontona Avenue, Fort Lauderdale, FL, 33301 | $4,490,000 | -- | -- | -- | Acres (Lot)-- |
| 540 NE 1st Avenue, Fort Lauderdale, FL, 33301 | $870,000 | -- | -- | -- | Acres (Lot)-- |
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ByOwner last updated this listing 06/25/2026 @ 21:40
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