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1944 NE 5th Street, Deerfield Beach FL 33441

Multi-family For Sale
$2,299,000

BTC: 38.31666667

ETH: 1,393.33333333

-$601K (2025/09/10)
485 days
0 room(s)
2,549 sqft

Overview

Only two blocks from the beach, this well established resort and amazing cash producing property is one of the most sought after spots for short stays in the area. It already has bookings for next season while still offering a lot of future opportunities for growth and increased income. Officially a fourplex, with a 2/2 that is split into a 1/1 with full kitchen and bathroom and a studio, also with full kitchen & bathroom, it rents as 1 single family home and 4 villas. The Island Resort offers many avenues for investment and future development in A+ prime location in gorgeous South East Florida. Great investment opportunity! The Island Resort at Deerfield Beach has been running as a short term rental property for the last three years with hundreds of 5 star reviews online.

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1947
Lot:
No Data
Heating:
Central / Electric
Price/sqft:
$902
Cooling:
Ceiling Fan(s) / Central Air / Electric
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,150,000
$719K – $1.5M
Confidence Low
List vs. estimate
$1.1M above estimate
List $2,299,000 · +99.9%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$901
+128.1% vs. city median $395
Based on
18 MLS comparables
+ 17 public-records sales within 0.5 mi
Median actual sale: $1.6M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$24,141
2024
All facts and features
  • Flooring

    • Clay

    • Tile

    Heating

    • Central

    • Electric

    Cooling

    • Ceiling Fan(s)

    • Central Air

    • Electric

  • Property

    • Exterior Features: Courtyard

    Other Property Information

    • Parcel Number: 484305021480

    • Zoning: RM-10

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Utility

    • Electricity Connected

    • Sewer Connected

    • Cable Available

    • Electricity Available

    • Sewer Available

    • Water Available

  • Other financial information

    • Annual tax amount: $24,141

  • Source details

    • MLS ID: F10488055

    Other facts

    • Construction Materials: Concrete Block Construction

    • Patio And Porch Features: Patio / Screened Porch

    • Living Area: 2549

    • Water Source: Public

    • Subdivision Name: Ocean Vue 3-34 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 Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. 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: United Realty Group Inc