Cozy Fort Lauderdale Opportunity: Your Entry into a Dynamic Market!
Asking Price: $300,000
Here’s a fantastic chance to own a charming 2-bedroom, 1-bathroom single-family home at 1621 SW 11th Ct, Fort Lauderdale, FL 33312. Built in 1952, this 895 sqft residence offers an accessible entry point into the Fort Lauderdale real estate market, with an estimated refinance payment of $2,441/mo.
Key Features:
- Compact & Efficient Living: At 895 sqft, this home provides a practical and manageable layout. It’s an ideal size for individuals, couples, or as an investment property.
- Established Construction: Built in 1952, this home sits on a solid foundation. Property records indicate it’s a single-family home with concrete construction, offering durability.
- Fort Lauderdale Market Insights: The 33312 zip code is currently a Buyer’s Housing Market, indicating more inventory available and potential for negotiation.
- The median sold price in 33312 was $503,250 in May 2025, showing a +5.1% increase year-over-year.
- However, for 2-bedroom homes specifically in the 33312 zip code, the median sold price saw a -5.1% decrease year-over-year to $392,500. This property, priced at $300,000, is well below the current median for 2-bedroom homes in the zip code, potentially offering a significant value opportunity.
- Approximately 70.8% of homes in 33312 sold under list price in April 2025, suggesting buyers may have room to negotiate.
- Convenient Location: Situated in a well-established Fort Lauderdale neighborhood, you’ll have access to:
- Proximity to Downtown & Beaches: A short drive will take you to Fort Lauderdale’s famous beaches, the vibrant Las Olas Boulevard with its shops, restaurants, and cultural attractions like the Museum of Discovery and Science and the NSU Art Museum Fort Lauderdale.
- Transportation: Easy access to major roadways and Fort Lauderdale-Hollywood International Airport. The Water Taxi offers a unique way to explore the city’s waterways.
- Parks & Recreation: Nearby recreational spots include Croissant Park and other green spaces for outdoor enjoyment.
- Schools: The property is assigned to Broward County Public Schools, including:
- Croissant Park Elementary School (PK-5, 7/10 GreatSchools Rating, 1.3 miles away)
- New River Middle School (6-8, 4/10 GreatSchools Rating, 1.9 miles away)
- Stranahan High School (9-12, 5/10 GreatSchools Rating, 0.3 miles away)
- Property Taxes: The median annual property tax bill in the 33312 zip code is approximately $4,935 (based on a median tax rate of 1.32%). Buyers should factor this into their ownership costs.
- Environmental Factors: The property has a moderate flood risk and minimal wildfire risk, with an extreme heat factor (7 days above 105°F this year).
Important Considerations:
- Renovation Potential: As a home built in 1952 with a single bathroom, it likely offers significant potential for updates and renovations to modernize the interior and enhance its value. Buyers should anticipate this and conduct thorough inspections.
- Market Nuances: While the overall zip code shows appreciation, the 2-bedroom segment has seen a slight decrease in median sold price. This could mean a more favorable buying environment for this specific property type.
This home at 1621 SW 11th Ct represents an accessible and potentially high-value opportunity for those looking to buy in Fort Lauderdale. It’s ideal for a first-time homebuyer or an investor looking for a property with good bones and the chance to add significant equity.
Priced at $300,000 – don’t miss out on this fantastic opportunity! Schedule your private showing today.
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