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615 SW 16TH STREET

Lots/Land For Sale
$659,999

BTC: 10.98168053

ETH: 378.00630011

1 days
0 room(s)

Overview

*New Construction Opportunity - Investor Special - RD-15 Zoned* Seize the opportunity to develop in one of Fort Lauderdale’s fastest-growing and rapidly transforming neighborhoods. This 6,771 square foot property presents an exceptional redevelopment opportunity for builders, developers, and savvy investors looking to capitalize on the area's continued growth and strong demand for new construction housing. Currently featuring a partially demolished structure with existing slab, block walls, and remaining construction materials onsite, the property is ideally suited for redevelopment. Zoned RD-15 Residential, the site offers exciting potential for a new single-family residence, duplex, townhomes, or other medium-density residential development possibilities (buyer to verify with city/county). A neighboring newly constructed two-townhome project highlights the strong redevelopment momentum already taking place on the street and reinforces the upside potential of this location. This oversized lot offers flexibility for investors and builders seeking a prime infill development site in a highly desirable urban corridor. Location is everything — and this one delivers. Situated just minutes from Downtown Fort Lauderdale, Las Olas Boulevard, Fort Lauderdale Beach, Fort Lauderdale-Hollywood International Airport, marinas, shopping, dining, entertainment, and major highways including I-95, future residents will enjoy convenient access to everything South Florida has to offer. The surrounding neighborhood is experiencing a major renaissance, with new luxury townhomes, modern infill developments, and rising property values reshaping the community block by block. Early investors in this corridor are already benefiting from increasing demand and appreciation. Whether you are an experienced developer, custom home builder, or investor searching for your next high-upside project, this property offers tremendous potential in one of Broward County’s most active redevelopment areas. No assignable contracts.

Location

Details

Type:
Land
Parking:
No Data
Year Built:
No Data
Lot:
0.16 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$355,000
$150K – $999K
Confidence Low
List vs. estimate
$304K above estimate
List $659,999 · +85.9%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
21 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$1,479
2025
All facts and features
  • Lot

    • Lot: 0.16 Acres

    Other Property Information

    • Parcel Number: 504215290170

    • Zoning: RD-15

  • Type and style

    • Property Type: Land

  • Utility

    • Public

  • Other financial information

    • Annual tax amount: $1,479

  • Source details

    • MLS ID: TB8516016

    Other facts

    • Water Source: Public

    • Lot Size Dimensions: 136 x 50

    • Subdivision Name: ALTA VISTA TERRACE 8-31 B

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: RICHARD PETERS REALTY LLC